EIGHTCAP:XAUUSD   Gold Spot / U.S. Dollar
big pump, and broke alot of resistances,
if price holds near our entry with nice wick on usa closing. this trade looks viable.
don't really like to trade on mondays, but this looks like interesting trade, i think alot of people got SL, with that big pump.
Comment:
i reckon we still bullish for now, just big sellers on the zone at the top. daily candle is damn bearish, meaning momentum but overall still bullish trend. if this zone breaks, don't enter, better enter at zone below. but similar TP
Comment:
nearing entry, but we still got about 38 mins left to candle close. might go below our entry.
Comment:
im in, but bigger sl.
Comment:
this 1hr or next 1hr, candle no big pump, just get out. or lower your TP. ranges are 2071.42, and 2083, is zone might struggle
Comment:
then look to enter long again, at a lower price. seems we didn't hit auto buy bots yet. we wanna catch that auto buy bots for fast pump
Comment:
yeah this zone here is our supposed entry. last support
Comment:
out, -400
Comment:
saw +300, didn't take it, i knew it was dangerious, didn't pump hard, well we take a loss on this one. i might re0enter but abit later. want lower prices
Comment:
if this candle 1hr, holds with a nice wick. i might reenter. i suggest not to follow. going smaller amount. tp 2070.74, sl slightly below this 1hr candle low.
maybe high risk.
Comment:
if 1hr close has no wick, i wont' enter. also next zone is 1999.24
Comment:
will decide to enter or not last 30 secs
Comment:
nope, looks quite bad, seems price too high already for market buyers, will watch price abit more. esp this and next candle to decide what to do.
Comment:
im back in smaller order long to 65.55
Comment:
i think not best setup like yesterdays trade, but i think there's a cash out, then manupliation, i don't suggest to follow, as im only going 1 order about 0.6 lots on xau. im ready to lose it, im way up, i think past 4 trades made over 15 RR. lost 1 R only about 400 bucks
Comment:
daily candle looks like about to close on xau is horrible as well.
Comment:
22 mins this candle if hammer down candle, im getting out. now about -250
Comment:
spinning bottom is ok, jus tnow hammer down, meaning this zone greatly dominated by sellers. so they might retest lower again, then hit my sl. which is quite near previous wick low
Comment:
im only shorting gj to 185.310, there is cpi news later in about 7 hours time. maybe pump but for now i think will go down first
Comment:
both trades, will sl entry after 55% to tp
Comment:
also this was what i was sayign about mondays, alot of bs usually
Comment:
nice both back in profit.
Comment:
GJ careful sudden pump up is a bad sign on this area. buyer might try to pump it to next levle if so, watch this 15m close on gj
Comment:
reducing sl by half
Comment:
xau is at 120 profit, reduced sl on GJ to 185.992
Comment:
-300 on GJ
Comment:
bloody hell, lol hit my sl on GJ then hit tp. right strat, just wrong time for execution
Comment:
gold not looking too good. might happen same thing, issue is daily chart is my concern. selelrs really showing power at this zone. if today's close is hammer down, i will just wait to short next day on xau, for the short term. plan. buyers still scared to market buy it seems. im still in the trade long. won't, will let it go to sl
Comment:
im looking at 4hr and 1hr charts mainly for xau, seems to make the best sense
Comment:
shorting GJ again
Comment:
sl 186.022, tp 185.162
Comment:
about 2.5rr
Comment:
GJ about 600, if win should be around 1120 bucks.
xau, even if lose is about 600 bucks, i added more margin. hasn't lost yet.
so i should come out profitable still if win GJ.
-600 - 400 +1120 = 120
Comment:
next pump on xau, i want to see higher high, if not i let go
Comment:
lost on xau, 600, i did see 800, ok, next zone 2000, to 2008, see if any retracements there. i will still look to long it. people want to buy gold for sure, its just waiting for a price point only
Comment:
80 to tp, then got slapped back, new jolt, lower then forecast. considered good news for gold
Comment:
i won't enter xau, still sticking to 2k area if long. prob last long for me on xau, shorts missed it already.
Comment:
horrible candle on gj 15m, i sgugest to sl entry or close here. i'll hold till tp. with no sl entry yet.
Comment:
but i blame the news from this movement, we still bearish still in higher time frames. last trade on gj should supposed to be a winner. abit of bad trading on my behalf, entered too early.
i did take a month break. so 4 nice wins, then 3 loses. but still way ahead in profits. still up at least 10 RR
Comment:
FYI, my 1 R is 20% of 1 trade amount.
i try to keep loses to 20% down. i do suggest 30%, 20% is quite tight, but for higher time frame and sniper entry is workable.
so when i go in 2 orders, its about 400 bucks.
when trading 1k to 4k per order on 100x. depending on strat, If usual order i go in 2x orders if i don't mention anything.
Comment:
sl entry GJ
Comment:
buyers look really willing to market buy at this zone. below us. now, maybe next candle we get big pump. so why i sl entry
Comment:
we going down way too slow. when choppy down. also there's chance for big sudden buy. also we been going down for a while now. quite good price for buyers to come in. i usually like fresh trend to start the movement.
Comment:
lol, exactly what i said, fast pump when slow down. felt it was coming, well, that sucks. im out i manually sold around 120 bucks. will take yesterday as a losing day.
Comment:
lol, GJ, hit my sl perfectly then went back down immediately after, thats trading folks.
Comment:
"11 hours ago
Comment:
shorting GJ again
11 hours ago
Comment:
sl 186.022, tp 185.162"

bloody hell, TP hit, lol, would have been green all the way, just went back to my entry, exactly hit my sl at entry, then hit tp.
yeah strats like this if on 15m time frame, lower trade amount should just let it win or lose.

im abit rusty, 1 month no trades, nd to catch up with the market. btc looks interesting too. also polish my trades.
supposed to be 2 wins, 2 lose yesterday. but wins were 4RR. so would have made at least 4R. will take note next time.

unless i see some clear moves, i will wait for some trades from here. it might take 2 to 3 days from the way i see. maybe a xau long, but i want it to go to 2k price point with some retracement of support, then i'll enter. i want to make sure sellers sell hard into liquidity and fail. before i swing long again. if 1hr breaks, i rather not f with it. as from here it can go all the way back down too. once 2k breaks i'll look for a short to 1945, or 1910. then see if any support then long it to half way to all the way back up weekly high candle wick. i might go harder like 2x to 4x orders. the world we living in is in pretty shit right now, gold and btc is best hedge for the markets at the moment
Comment:
won a trade short on GJ, didn't post as it was 2.2 RR.
no trades after. gold, if holds till +8gmt tmw, good chance for a pump, or break down. i still am more bullish on xau thou.

GJ on a decending triangle. and decending wedge, take note
Comment:
first xau pump above 2041.65, i will be looking for the retracement using 1hr chart. to reenter to long. but must be after london timezone tmw.
Comment:
or next support on 2008.58 xau, with a wick, i'll enter a long on candle close.
Comment:
have chance GJ might break soon
Comment:
this 1hr close quite important, if lower low close, then sellers migh tjust market sell. if not, still ping pong
Comment:
1hr higher low still. but no more volume
Comment:
entered a short on GJ, small order
Comment:
184.647 tp,
185.351 sl
Comment:
yep, like i thought drop to next zone.
Comment:
87% to tp.
Comment:
just missed tp by 2 pips, i'll just sl entry here. likely should hit it.
Comment:
it went down to 184.664
Trade closed: target reached:
manually took it. 2 wins today, about 5R, almost 2k profit.
TP just hit too.
Comment:
goign to wait here, not tradei still want xau to dip more. and im looking to enter. but if holds maybe friday at this zone, first pump, retracement i'll long it. i'll look for the long. realised xau, is far slower then others. the immediate buy back is very slow. maybe im too used to BTC lol.

will watch if GJ closes below our TP. or pump higher then previous high.
Comment:
184.462 strong support. won't f with it, on GJ
Comment:
this was the trade, took 7 hours. also with swap fees, about 20% of win.

7 hours ago
Comment:
entered a short on GJ, small order
7 hours ago
Comment:
184.647 tp,
185.351 sl
Comment:
wow, GJ got slaughtered, looks like it can go alot lower on daily timeframe. i'll look for a retracement to reenter short
Comment:
will only look for short until price reaches 182.749
Comment:
setting stop market order short at 183.829. sl 184.024
tp 182.813
Comment:
strongly don't suggest to follow. im going 1x order only. we about to hit new support zone
Comment:
183.816 is 1 support zone, im going to get ready to close my order fast if any big pump
Comment:
cancelled stop market order. it was only if sudden quick break of zone, too fast to manually enter it. if this is green candle. i'll wait for retracement and reduce the tp
Comment:
on 15m
Comment:
will just watch the price. not in any trades. the stop market would have got hit. and in profit. but that strat is a fomo agressive thing. not like with any green candles.
Comment:
lol, maybe some regrets cancelling lol. well don't want to start gambling. i'll still see for some retracements.
Comment:
tp is 5.4r, now is 1r. i still think this area might be choppy, if miss out, i miss out
Comment:
"3 hours ago
Comment:
setting stop market order short at 183.829. sl 184.024
tp 182.813"

so sad lol. hit tp, no red whole way or bounce at all. lol. 5.4RR here. i did manage to get a 1.1R just now. didn't post, as it was way risky.
Comment:
so we all remember, next time if not in major support zone, and we above it, and buyer market orders getting weaker. we are going to swing it and hold. will call it "ABTR, a break to remember"
Comment:
those trying to pass phase 1 of any prop firm, just 2 of these types of trades, is enough. sometimes only one. just go in risking 1.6% of port. prepare up to 3 accounts. then pass phase 1 of say 8 or 10%. 1/2 trades with more then 5RR risking 1.6%, should do it. and your able to do it twice a day. before hitting your daily sl.
1 week should pass the challenge. if you fail 5 times then your out. but really man, if you can't win 1once in 5 times, something is wrong with your strat.

phase 2 is easier, as you can go half of that and risk 0.8% instead. but you get double the room for failure.

if for any reason you still fail it, you got 2 more chances for the other 2 accounts.
hope this helps others who are struggling to trade or pass prop firms.

if have any questions, let me know, i think all can do it, im trading others and my own funds. but i do have 9 passed accounts out of 15 for prop firms. 2 have failed phase 2.

as trading others funds, i do take less trades, have no choice. as when i trade my own it auto trades others.

my past i think my past 20 trades here. i think 5 of them was more then 4RR, 2 of them was 12RR/ 14RR, just wait for the fresh trend.
Comment:
will wait for xau to retrace, then looking for the long. if not gj to go higher, then scalp it to swing low on 15m. just these 2 trades. if not tmw, seems juicy for another big move.
Comment:
i might enter long on xau if spinning top on this candle . sl this candle low plus abit on 1hr chart
Comment:
spinning top or doji on 1hr, only. 5m left
Comment:
i entered early, at 2027.01
Comment:
tp 2068.3, sl 2017.5
Comment:
this trade may sell early, depending on the pump, im expecting pump quick, if not im letting go
Comment:
about 140 to 200 bucks now. i wanted to trade this tmw, on a friday, but this price candle is too hard to missif holds here till tmw, likely pump. this is a good zone by asian morning, likely pump if holds around here abit longer.
Comment:
2k is still best but seems buyers just been pumping and pumping non stop, higher high each time.
Comment:
not going to trade GJ, 3 shorts won previously past 2 days. missed out on a few but was busy with my other. work. maybe if W pattern, then i long. but way too early. better see next week. or maybe trade some consolidation trades.
Comment:
25 m for this candle, if not bullish engulfing or nice green candle. maybe it will want to retrace again for double comfirm. mayb ei'll close it and renter again at the bottom. abit messy right now. 1hr bullish, 4hr bearish, daily bullish.
Comment:
will check in again in 18 mins
Comment:
looks ok, but i honestly wanted to see a bigger pump then that. maybe will hold and let this one lose, want to see tmw asian morning.
Comment:
in a undecided place right. now but usually at least 1 or 2 attempts if by singapore 7am. should happen. then we just see if there is a higher high or not. if there is i''ll hold till tp. if not. just sl entry or sell at some profit.
Comment:
yeah like i said looks like it wants to retest lows again. will let this one lose guys if lose. i want to see asian time zone and UK pre market opening. might be good. gl guys.
Comment:
asian morning looking good. but i wanted to see a bigger pump then that. lets see this and next candle.
Comment:
1hr chart
Comment:
looks like we going back down, but i'll hold to see uk. we did have a small pump
Comment:
we got consumer inflation expectation news coming in about 2.5 hours.
Comment:
inflation high, might move xau abit. shoudl also effect GJ to drop if high. new high inpact news but market sentiment
Comment:
missed a GJ trade. was on the phone a short on 15m spinning top.
Comment:
contination from comments below. nope, Xau, didn't close above wanted line. won't trade this, unless near 2008
Comment:
damn, that close of position thou. saw 500 bucks, didn't take it, twice. i closed caused, the price point is too low and keep boarder line keep failing to break resistance. 3 times. and lower high. then shs. i must let go already. likely to hit sl.
news also came with less jobless in usa. so money will flow more into the dollar then gold.
Comment:
im expecting a bounce from 2k to back to the resistance we failed to break. then either up or down. i say 80% it will go down after the bounce. retest 2k again very hard. then it will be more clear
Comment:
i'll look for 2nd entry on 2k, i won't just enter on new area, want to see support twice before enter. or 3 times for the long.
Comment:
ouu, 2008, missed out? we see if have chance of retracement. its almost weekends, and bank holiday today. maybe won't have chance. this might roll over to monday.
Comment:
I almost entered at 2004, but really i don't want to catch the falling knife. if it went up then fell to a support ok, not break zone then fall.

let see, if don't post anything, then good luck see on next week.
this week. think had 7 or 8 wins, 3 loses. but RR was way over the loss.

nice week. next week i should trade, but following not too sure. might be busy, then we got xmas.
good luck out there. i do suggest to look at crypto when near holidays, the rest don't move too much. on dec.
Comment:
if this 1hr candle shows some weakness on GJ, i might scalp short. for a 1.8RR. not big trade. soem thing to start off
Comment:
sl 181.836, tp 181.774
Comment:
i entered early, 182.468 my entry
Comment:
i hoping for a abcde pattern, and we currently beign on the top. high risk, not best setup, and u know mondays
Comment:
based on this candle closing, maybe i increase TP to 1.275
Comment:
let see this candle close maybe will get out earlier
Comment:
gold looks like can go down to 1933, 1911. i won't trade the short likely unless we get some retracement. when reaches there, maybe we get a consolidation
Comment:
exactly what i wanted to see, a red candle, if it was green i would have gotten out
Comment:
7mins left, if still red, im holding, tentative tp is 181.298
Comment:
we want 1hr candle to close under 182.197 then pretty safe. now is abit in no mans land
Comment:
if we go back up best not higher then 182.468. as a close.
Trade closed manually:
closing trade, cancelling it
Comment:
about 150 bucks profit, just don't feel it. too far from strat, and that pump too strong, supposed to be a lower price. and i dont'want to see support at this area, but lower. feels dangerous
Comment:
yeah back at entry if didn't sell. price is abit too high for my strat, still made some bucks out of it. goign to watch what happens. here.
Comment:
careful on btc, guys, looks like more dips incoming
Comment:
people seem to want to cash out at 44k. failed 5 times already to go up. so we had that big break downwards
Comment:
careful this wed and thurs we got lots of news from UK and usa
Comment:
uk timezone, about 430pm +8gmt, we might have a big move, more likely down
Comment:
for BTC
Comment:
thinking of reentering, seems strong resistance on top. failed twice already
Comment:
im in, not best entry
Comment:
short, tp 181.488, sl 182.834
Comment:
GJ
Comment:
might be a hard trade. like need to trim or sl, or sell early.
Comment:
i want to see price break this area here
Comment:
UK about open, lets see what UK does
Comment:
looking ok, sellers seems stonger in our area. now we want to see a lower low
Comment:
this is like catching rockets, price goes does, and you buy, is like catching daggers
Comment:
i'll hold to see this 1hr close
Comment:
i went 3x orders, im now ranging from -50 to 250
Comment:
that 15m candle too bullish, im going to cut sl to 182.730
Comment:
entered a short on btc, tp 41846
Comment:
btc sl 42162.4
Comment:
out on GJ -350, sold manually
Comment:
too fast to post, i switched directions, now about 80o bucks
Comment:
aiming GJ 183.729 and abit higherwilll watch this 15m candle and 1hr close
Comment:
i switched as i saw that power and broke resistances. might sell already, nice profit
Comment:
took it, about 650 bucks. covered just nows loss and with some profit, i think honestly might be able to still go up. on 1hr close, i knew the trade was risky. higher high, higher low. that 15m sudden pump showed alot of intentions already. i managed to reduce sl. and sell abit earlier. but damn that move was fast.
Comment:
i think reducing my sl even more was better, move. that short i knew it was risky.
also setting a stop market order long to catch that move woudl have been better too. its been a while, trading like this. def nd to touch up my skills abit. strats, is there just skills.
Comment:
no trades yet, only btc, opened. was 60% to tp. now at break even. its still more bearish for btc. then bullish at this level so far. no trades on GJ or xau.
Comment:
took a hit on btc, -400, so about down 200 bucks so far. really next week. won't trade on mondays
Comment:
GJ 2nd wave incoming maybe.
Comment:
rejected, 3 times on 15m chart
Comment:
5th attempted to break this resistance on GJ, higher low
Comment:
sorry 4th
Comment:
careful of claimant count change tmw, for UK, likely will drop. .

if thi sprice 15m closes higher thhen previous close. worth to long this GJ tp 184.284
Comment:
im in this long, but sl 183.386, entered early, so can sell if last secs sudden drop
Comment:
that wick not very convincing
Comment:
im sill in, about -50 bucks to plus 10 bucks, i think within next 3 hours it should show it self.
Comment:
ok, 50% to tp, i will 50% less my sl.
Comment:
also im expecting this or next 1hr candle to have a nice pump to tp. or im out
Comment:
i mmight close the long if not bullish candle. we on another resistance now
Trade closed manually:
about 500 bucks, makes me at profit of 300 today
Comment:
i think got chance to go up. but we on another resistance. volume low. price didn't show agressive pump again on resistance, usually it will. i rather keep myself in profits today, also its monday, learnt lesson not to trade on monday.
this week, i likely won't swing trade, only bursts here and there. too much news. that is quite contradicting foundations. i'll make a new tradeview post after this, so is abit cleaner.
Comment:
haha talk about big regrets. lol hit tp on the long. well, hope u guys didn't listen to me and sold. that was a 1.2k win there. chickened out there, should have watched 1hr candle close, too scared of 15m close. im on a risky short on xau, im up about 700 so far, think traded too much. if win this xau, will be up about 1.3k. let see. didn't post it as it was risky.
Comment:
closed xau short. early, took the win, about 580 bucks
Comment:
damn good sell on xau
Comment:
we do kinda have "a break to remember strat" again, lower high, same low. inverse triangle pattern
Comment:
posted in comments below, stop market oder short. 1990.4, with regrets. i shoudl have set it lower. it just touched my stop market short wen back up. damn it lol
Comment:
out already, -300
Comment:
still opened a short. increase break down, sl 1996.76, tp 1978.59
Comment:
this is goign to be a very choppy area, just pulled out 4hrs, and before hitting the tp, its a heavy volume zone. im still up today, so maybe i'll just let it swing.
Comment:
GJ hit our tp perfectly then dropped pretty hard
Comment:
abtr strat, but careful, cause we on support, not fresh dump, dangerous
Comment:
i saw 700
Comment:
40% tp
Comment:
if we can close below 1984.25, likely will hit tp or lower. i will sell earlier thou at the tp.
Comment:
ugly 15m candle, but usually 15m don't mean much on xau
Comment:
we got sellers at 1991.79, so i think pretty safe to set sl half or at entry
Comment:
half way there. i think can sl entry, about 2.4 RR now. tp is 4.7 RR
Comment:
we entered a liquidity zone, we got resistance above, previous supports turned resistance. i hold. but sl changed half of previous sl. u can sl entry. but im worried about some bs, hit entry then go back down type of situation.
Comment:
ok going to step away, lose is lose, is ok. hopefully we win, i think in short mid term odds are pretty good to hit tp. gl guys
Comment:
saw 1600
Comment:
we going to ping pong abit here, this is liquidity area just taken up. sellers will get abit weaker.
Comment:
im looking at the order flow, the low is still weak. just seller market orders by london just finished. hopefully hit tp before trade day close for swap fees. if not it's not worth extra 200 bucks
Comment:
looks like we getting a retracement here
Comment:
i'll hold, u can set sl at profit. i will hold, sl half of previous sl
Trade closed: target reached:
1850 bucks bois, sold. can still go down more, but i think can trim at last. i sold all. gl guys, nice win!
Comment:
Dec 7
Comment:
so we all remember, next time if not in major support zone, and we above it, and buyer market orders getting weaker. we are going to swing it and hold. will call it "ABTR, a break to remember"

ABTR, A break to remember, happened twice on this down. both we cashed out pretty well.

careful on this down, 1971, 1963, 1932, strong areas. don't over short this, take profits too. to secure your wins.
Comment:
i put tp quite safe from it. if i post, i have to put abit more safe TPS. gl out there, enough for me. today.
Comment:
i'll open a new post to ready any new trades.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.