Bear Market Trader | Trade Plans for Gold
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Trading Plan Gold (XAU USD) 04282020

Trading Plan Gold (XAU USD) 04282020

No week­ly trad­ing plan this week because of per­son­al life get­ting in the way. Rebuild­ing my PC and re-sit­u­at­ing my office but thought I can do a dai­ly trad­ing plan because I’ll be hav­ing more time today.

So these are my hypo­thet­i­cals for today’s Gold ses­sion. Basi­cal­ly the lev­els that I will be look­ing at where it has a high­er prob­a­bilis­tic chance the mar­ket will start react­ing. Then I come up with ways I think the mar­ket will react around those lev­els. Dur­ing the ses­sion I then wait for the mar­ket to hit those lev­els and either con­firm or reject my hypoth­e­sis. I hope that makes sense. If not, get in touch with me. I am not sell­ing you any­thing. I just love to talk to peo­ple that are on the same path as me. So don’t be shy and reach out. 

Obser­va­tions of the market

  • M: Price with­in Quar­ter­ly and month­ly QHi and Sup­ply ZOI after hav­ing cre­at­ed 2 long-wicked doji can­dles in the pre­vi­ous 2 months. There are still 3 days left in the cur­rent month.
  • W: Price with­in W QHi. There was an evening star two weeks ago but we kept going up last week. This week we are retrac­ing last week’s can­dle body by, now, already more than 50%. Still above the week­ly con­ter­mi­nous line at 1655.
  • D: Dou­ble top with con­se­quent push down near­ing D ZOI. In the mid­dle of Dai­ly Q points swing. Moved away from the trade loca­tion of Dai­ly con­ter­mi­nous line 1716. 
  • H4: H4 range mid Q point
  • M30: Move down to 1697 area, pos­si­ble short term swing low
  • Mar­ket Pro­file: Price below yesterday’s low, ses­sion low, and VAL. Mar­ket imbalanced. 


Hypo1: M30 Swing Low to Down Trend Con­tin­u­a­tion at VWAP (pos­si­bly near yesterday’s low)

Entry Short below 1705. Tar­gets 1694, 1684, 1681

Hypo2: Range 1696 — 1705

Hypo3: H4 Swing Rever­sal (per­haps tomor­row or later)

Entry Long above 1685. Tar­gets 1695, 1705, 1715


Day trader. Tech geek. Sim Racing Enthusiast.

  • T3chAddict
    Posted at 16:04h, 28 April

    IB over. Big push back to prev. low / M30 VWAP. Look­ing for con­fir­ma­tion of move down as per Hypo1. How­ev­er, we could just be con­sol­i­dat­ing here to BO. Will wait for the next half to one hour for the mar­ket to poten­tial­ly make a move.

  • T3chAddict
    Posted at 17:12h, 28 April

    Bull­ish Engulf­ing on M30 inval­i­dat­ing my Hypo1. 4th can­dle of the con­sol­i­da­tion but not a strong fin­ish­er imo so did­n’t get long. Mar­ket is look­ing to move up and test prev low.

  • T3chAddict
    Posted at 17:22h, 28 April

    It would have hit my TP tar­get at 1709

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