Gold Started cooking up a long from the point that the 4hr Manipulation (Red) from 060122 Recovered Green from 291221.
Precisely when we closed a large part of the short we entered on 050122 and opened longs to hold through non farm employment of 070122.
The crazy thing sometimes is if you set your trade and walkaway you genuinely sometimes are better off.
Although the bottom wick came very close to shaking us out we achieved our 1802 target yesterday morning and we closed pretty much 80% of our position. (100122)
Today, our very first attempts to re short at 1804 hit our 20 pip stops so we are currently just holding the last 20% of longs from 060122 ($1785)
with stops at 1790 looking at the following areas for possible re-shorts depending on what happens when we are at these respective levels:
1812, 1823, 1833-35 and of course 1846 -1860
Even if it keeps rallying these points will have some kind of reaction as well as good shorting opportunities and one of them is going to initiate a reversal/Continuation depending on how you look at Gold. Downtrend vs Uptrend
There are Red Manipulation candles at all of these levels in various time frames.
We are still pretty short on Gold but are conscious that the same way they can Dump gold, they can pump it too.
This is exactly how we caught the November 16th 2021 Sell. On the 10th Nov a Giant Green candle recovered The big Red candle from the 16th June. This was our cue to look for the short and it took 6 days of faking, shaking, stop outs and TPs, but on the day of 16th Nov 2021 2 angelic candles, one Green manipulation up and one reality check for the "at the top buyers" appeared.
This was the beginning of a 2 week short that gave us an amazing 1200 pips but we closed positions all the way down.
We have since used the same Vector recovery system to go long and short (with other confluences)
This is not financial advice and should be taken with a pinch of salt
Precisely when we closed a large part of the short we entered on 050122 and opened longs to hold through non farm employment of 070122.
The crazy thing sometimes is if you set your trade and walkaway you genuinely sometimes are better off.
Although the bottom wick came very close to shaking us out we achieved our 1802 target yesterday morning and we closed pretty much 80% of our position. (100122)
Today, our very first attempts to re short at 1804 hit our 20 pip stops so we are currently just holding the last 20% of longs from 060122 ($1785)
with stops at 1790 looking at the following areas for possible re-shorts depending on what happens when we are at these respective levels:
1812, 1823, 1833-35 and of course 1846 -1860
Even if it keeps rallying these points will have some kind of reaction as well as good shorting opportunities and one of them is going to initiate a reversal/Continuation depending on how you look at Gold. Downtrend vs Uptrend
There are Red Manipulation candles at all of these levels in various time frames.
We are still pretty short on Gold but are conscious that the same way they can Dump gold, they can pump it too.
This is exactly how we caught the November 16th 2021 Sell. On the 10th Nov a Giant Green candle recovered The big Red candle from the 16th June. This was our cue to look for the short and it took 6 days of faking, shaking, stop outs and TPs, but on the day of 16th Nov 2021 2 angelic candles, one Green manipulation up and one reality check for the "at the top buyers" appeared.
This was the beginning of a 2 week short that gave us an amazing 1200 pips but we closed positions all the way down.
We have since used the same Vector recovery system to go long and short (with other confluences)
This is not financial advice and should be taken with a pinch of salt
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