Short taking longer than planned - got all the time in the world
2 of our sell prices gave us good sell scalps. Well 80 pips and 60 pips isn't anything special on Gold to most people. We tell you it definitely is something when you are counter trend/sentiment trading.
1823 gave us 80 pips and 1825 gave us the 60. Now what we do not like is the fact there is another Blue Vector on the 4HR. All be it at the top where it can act as a volume stopper as seen on the 5th Jan. It was really the Purple candle that gave us more confirmation to execute the sell.
Blues at lows tend to be the ones that give near instant gratification when going long.
With all of that being said, we are sure any and everyone that actually knows how to trade Gold will be more than aware of the fact that "the" sell has a chance of taking place from a higher price and that is why you must know where you can take short scalps and when to close them quick.
But the sell that began from the Thur 16th Nov actually started developing from the Wed 10th Nov and it went up all together another 200 pips that week after recovering the Red Vector With a Green one. The one in June went up another 203 pips after recovering a Red Vector with a Green Vector on 25th May before dropping on June 1st so we need to bear that in mind. It is definitely not a coincidence
We are sticking to our guns and looking for shorts at key levels:
now
1827, 1830, 1834, 1846, 1860
(By all means happy to long scalp to the furthest of these levels if conditions are right)
if it can get to them, and we will be looking for a Big red Vector recovering a Big Green vector below to join longs to these higher prices if that happens. But until then we are constantly Short scalping until we see Blue lower (up signal) or our short scalps become "the" short
Good luck guys!
This is not financial advice and should be taken with a pinch of salt
1823 gave us 80 pips and 1825 gave us the 60. Now what we do not like is the fact there is another Blue Vector on the 4HR. All be it at the top where it can act as a volume stopper as seen on the 5th Jan. It was really the Purple candle that gave us more confirmation to execute the sell.
Blues at lows tend to be the ones that give near instant gratification when going long.
With all of that being said, we are sure any and everyone that actually knows how to trade Gold will be more than aware of the fact that "the" sell has a chance of taking place from a higher price and that is why you must know where you can take short scalps and when to close them quick.
But the sell that began from the Thur 16th Nov actually started developing from the Wed 10th Nov and it went up all together another 200 pips that week after recovering the Red Vector With a Green one. The one in June went up another 203 pips after recovering a Red Vector with a Green Vector on 25th May before dropping on June 1st so we need to bear that in mind. It is definitely not a coincidence
We are sticking to our guns and looking for shorts at key levels:
now
1827, 1830, 1834, 1846, 1860
(By all means happy to long scalp to the furthest of these levels if conditions are right)
if it can get to them, and we will be looking for a Big red Vector recovering a Big Green vector below to join longs to these higher prices if that happens. But until then we are constantly Short scalping until we see Blue lower (up signal) or our short scalps become "the" short
Good luck guys!
This is not financial advice and should be taken with a pinch of salt
