kobethecancer

kobethecancer

failed to print new highs above 2026 zone, tested a 1hr order block at that same zone did not break previous swing high on macro down trend since cpi. anticipating this to be the new swing igh that will continue lower into 2010 zone aswell as 2000s

kobethecancer Updated 

with gold breaking below 2020 yesterday. we can expect a correction to the 1hr order block depending if unemployment comes out above forecast. the unemployment news at 8:30 will be the catalyst for the short term correction to test 2020 levels or shoot down under recent swing low

kobethecancer

waiting for break either to 104s or correction to 102.8 fomc and unemployment will be the catalyst

kobethecancer

setup buy stop after 8:30 to catch fast move w a sl below candle stay attentive to pull out as necessary

kobethecancer

depnding on DXY we will see a close above 2038 for a move to pdh & 1hr OB @2045

kobethecancer

entered on 8:30 15 min candle after rejection and failing to break above prev swing high @2025 got in at 2022 got out at 8:45 @2019.5 managed on 5 entered on 15 candle

kobethecancer

after seeing dxy has more space to move positively and the fact that 2016 is a zone of support im waiting for consolidation to form in this area then possibly a retest of 2027 before it continues down OANDA:XAUUSD

kobethecancer

XAUUSD Gold trade will breakout with news once 8:30 news comes out plus NY volume we'll get a close then breakout to the down or upside check back in 30 mins

kobethecancer

depending where gold breaks out at 8:30 ill be hopping in a scalp on the 5-15 min charts

kobethecancer

Once 8:30 news came out i flipped my xauusd bias to sells 2003->2000 and got out before 9am est Love this move today i could have let runners run which i will start doing more if i left runners running i would have had this new 4H candle to eat off. But with current market conditions and it being Monday i take profits

kobethecancer

tested previous day high clean range to the downside to restest 101.000 if it breaks to the downside clear buys on XAUUSD

kobethecancer Updated 

This is the trade inside of the trade. Let's say I was to miss the previous trade idea at the 8:30 open, I'd typically get a better confirmation on LTF once the move occurs around this time 9:30 as you see here.

kobethecancer

I entered early at 8:30AM as you can see from my first post. I reentered at the stop hunt at 9-10 and trusted the new 4H momentum and the fact that price only stop hunted from 10AM news. I manage trades around the open volume of 9AM 4H candle, plus NY open and any news. This is a paper trade to make sure im comfortable with my confluences to enter. In a real...

kobethecancer

after running through pwh we can see were continuing Bearish into HTF POI.