Alright! While waiting for the challenge opening, doing some more homework on intraday Gold trading.
In the Last Idea:
We broke down 1346 and after Dynamic Pivot break Gold has a tendency to continue its path downwards!
Furthermore it kind'a didn't reach 1340, although there was no reason not to!
So Bias is more for a short trade!
But First Move could decide the daily move.
If The first move after opening is Down to 1345 I would be interested to Buy Gold with TG 1351 and if broken then previous High 1357.
If The first move is Up to 1348 I would be interested to Sell @ 1348 - 1351 with Target's 1344 - 1338 - 1334.
If the First move is up and I sell and if 1348 is broken it will have a tendency to continue up! In this case, I will close sell order at the pullback and maybe execute a long trade!
Let's see which option develops itself.
Have a great Monday!
In the Last Idea:
We broke down 1346 and after Dynamic Pivot break Gold has a tendency to continue its path downwards!
Furthermore it kind'a didn't reach 1340, although there was no reason not to!
So Bias is more for a short trade!
But First Move could decide the daily move.
If The first move after opening is Down to 1345 I would be interested to Buy Gold with TG 1351 and if broken then previous High 1357.
If The first move is Up to 1348 I would be interested to Sell @ 1348 - 1351 with Target's 1344 - 1338 - 1334.
If the First move is up and I sell and if 1348 is broken it will have a tendency to continue up! In this case, I will close sell order at the pullback and maybe execute a long trade!
Let's see which option develops itself.
Have a great Monday!
Comment:
Heavy sell start from 1344. ( below ). I think we break it. And in general, while below 1348, it is a bear mode.
Comment:
Trade setup is invalid because of the Gap down!
Will wait for a clear signal.
Will wait for a clear signal.
Comment:
So far this Gap Down tag 1333 D2 which corresponds 1348. So 1348 can be possibly reached!
prnt.sc/gjk3vh
prnt.sc/gjk3vh
Order cancelled:
No trade executed! Will explain Why in a sec!
Comment:
If Gap happens to be in the market I have to recalculate everything.
See here.
prnt.sc/gjke8e
As you can see the Gap opened on Dynamic Pivot D2 1333 because L is 1332.xx. So the D2 was not broken downwards. But it immediately jumped up to 1339 which is a D2 small target and did not break it. Well I clearly don't know is there a break because break has to be 1$ but H is 1339.92.If there was no break it now corresponds to P2 section which can lead Gold to go down to 1313 etc.
If there was a break then it remains to see 1348.
If the move would tag D2 low target 1318 then that would be a clear buy setup!
I will consider not to trade for now until I get a clear signal to do so!
Safe trades!
See here.
prnt.sc/gjke8e
As you can see the Gap opened on Dynamic Pivot D2 1333 because L is 1332.xx. So the D2 was not broken downwards. But it immediately jumped up to 1339 which is a D2 small target and did not break it. Well I clearly don't know is there a break because break has to be 1$ but H is 1339.92.If there was no break it now corresponds to P2 section which can lead Gold to go down to 1313 etc.
If there was a break then it remains to see 1348.
If the move would tag D2 low target 1318 then that would be a clear buy setup!
I will consider not to trade for now until I get a clear signal to do so!
Safe trades!
Comment:
P.S but if you can't sleep and you need to make a trade no matter what, do so. But I truly suggest putting an SL above 36. So the option would be SELL.
If 1339 is not broken this will go down, while others will trade " close the gap " trade which unfortunately will not work out! ( IF )
BUT use SL above 36.
Aim 1313.
If 1339 is not broken this will go down, while others will trade " close the gap " trade which unfortunately will not work out! ( IF )
BUT use SL above 36.
Aim 1313.
Comment:
SL would be 1337.9
Comment:
Before hitting the bed quickly made some Trap crap thing.
Don't have the inspiration to make anything serious out of it.
Just a little bit of RasselBock and Heisenberg with some VOX.
youtu.be/NtK9zoobamo
And I am sorry about the previous update! The idiot that I am It is 1339.7, not 1337.9 because the level that needs to be broken was mentioned 1339 not 1337.
Sorry Sorry Sorry.
Have a good one!
Don't have the inspiration to make anything serious out of it.
Just a little bit of RasselBock and Heisenberg with some VOX.
youtu.be/NtK9zoobamo
And I am sorry about the previous update! The idiot that I am It is 1339.7, not 1337.9 because the level that needs to be broken was mentioned 1339 not 1337.
Sorry Sorry Sorry.
Have a good one!
Comment:
6:00 AM recalculation shows different picture. A buy setup where SL should be moved to BE at 1341. That is why I don't like the Gaps. They ruin the day and calculations. And That's why I aint trading that day.
Trade active:
Okay, I jumped in. Executed a trade at 1333.67 TG 1348
Comment:
Buy Pivot trigger after recalculation seems to be broken!
1333 and 1332 play's a support role.
I will hold this position without SL.
1339 turns out to be broken as well.
So chances are that 1348 will be met!
Play Safe guys, and if you buy, leave a space for a maneuver
1333 and 1332 play's a support role.
I will hold this position without SL.
1339 turns out to be broken as well.
So chances are that 1348 will be met!
Play Safe guys, and if you buy, leave a space for a maneuver
Comment:
Waiting for the close price to decide what to do with the buy position.
