Trader_Joe_Lee

XAUUSD inside day and intraday harmonic patterns and S/D zones

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold had an inside day yesterday in a very tight consolidation.
In this hourly chart, it's clearly that there will be a harmonic patterns and S/D zones combination trade whichever way it breaks.
That did make some sense to better interpret the inside day.

After all, inside bar trading in consolidation is kinda a high risk / low reward trade,
won't be willing to trade both side as it will hit one of the combination before 1st kick.
While, in an day-trade perspective, the direction it breaks still matters.(but not worth trading directly)


Accordingly, my conclusion is that I'll still pay attention in the direction it breaks today, but find a intra-day low risk set-up to follow the direction;
Once it hit one of the combination trade, turn into the consolidation mode to look for reversal sign.

Let's see how it goes!
Sep 19
Comment:
tried some long on this inside hour after inside day breakout
let's see how it goes!
Sep 20
Comment: 1209.5 hitting,
Flip long to short and see how it goes yo!
Sep 21
Comment: got the 1st kick on the 1209.5 short @ 1206 yo

Trail the others!
Sep 21
Comment:
Sep 21
Comment:
Nice harmonic patterns and supply zone combination!!

gotta take profit or even flip down there!

Winner winner chicken dinner~~
Your plan here is amazing. It is incredible to see how you prepared for all possibilities and traded them so well.
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Reached D level and fell like a brick . Patience is rewarded , well done .
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@Peterson, Thank you Peterson yo!
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AMAZING SETUP!
VERY NICE MAN!
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@RONNYKH, thanks bro!!
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S/D zones. what does s/d stand for?
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@myw714, Supply & demand
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