22 - 26/11/2021 XAUUSD Re-analyse (Last Week Was Hard)
Mis à jour
Previous prediction:
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COMMENTARY
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Last week was hard.
What to improve.
1. XAU move in 25-50pips box, use it
- Open BUY & SELL for every move to liquidity pool
- Then, put in BE, let the winner run
2. TP
- Take profit. Again Gold move 25-50pips, use it.
- Put in some in BE, let the winner run
3. Scale up
- Only when you >5%, else, don't break the rule
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THE TRADING PLAN
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MUST
See how price behave:
1. High Low Week / High Low Day
2. Round number 55, 00
3. Daily candlestick pattern (Doji, Engulf, Insidebar, Railroad)
4. Entry timing
ASIA 0300-0500 (0400 Prime)
LON 0900-1200 (1000 Prime)
NY 1500-1800 (1600 Prime)
5. Entry candlestick, 5MIN for greater RR
Pinbar
Engulf
Railroad
6. TP
Typical move:
a) Explosive - In 1 session
b) Slow - >1 session
- Take when necessary, else BUY SELL same time using the box theory, put some in BE, let the win run
7. SL breathing
10-20pips 5MIN ENTRY
25-28pips 15MIN ENTRY
See how price behave:
ADDITIONAL CONSIDERATION
1. Weekly bias
Buy B * Sell S
S S * B B
2. Typical candlestick structure
Anatomy of candle, always push to other side first before real move
3. Peak day, beware on
Typical: Monday, Wednesday
4. Box move
XAUUSD 25-50pips (up to 300 if PEAK)
XAUEUR (look for correlation)
5. Timing management
2-3hrs max, else cut loss
6. If structure failed
Wait for 3 pushes to next HOD HOW / LOD LOW
7. Pending order, never Market order
----------------------------------------------------------------------------------------------------
COMMENTARY
----------------------------------------------------------------------------------------------------
Last week was hard.
What to improve.
1. XAU move in 25-50pips box, use it
- Open BUY & SELL for every move to liquidity pool
- Then, put in BE, let the winner run
2. TP
- Take profit. Again Gold move 25-50pips, use it.
- Put in some in BE, let the winner run
3. Scale up
- Only when you >5%, else, don't break the rule
----------------------------------------------------------------------------------------------------
THE TRADING PLAN
----------------------------------------------------------------------------------------------------
MUST
See how price behave:
1. High Low Week / High Low Day
2. Round number 55, 00
3. Daily candlestick pattern (Doji, Engulf, Insidebar, Railroad)
4. Entry timing
ASIA 0300-0500 (0400 Prime)
LON 0900-1200 (1000 Prime)
NY 1500-1800 (1600 Prime)
5. Entry candlestick, 5MIN for greater RR
Pinbar
Engulf
Railroad
6. TP
Typical move:
a) Explosive - In 1 session
b) Slow - >1 session
- Take when necessary, else BUY SELL same time using the box theory, put some in BE, let the win run
7. SL breathing
10-20pips 5MIN ENTRY
25-28pips 15MIN ENTRY
See how price behave:
ADDITIONAL CONSIDERATION
1. Weekly bias
Buy B * Sell S
S S * B B
2. Typical candlestick structure
Anatomy of candle, always push to other side first before real move
3. Peak day, beware on
Typical: Monday, Wednesday
4. Box move
XAUUSD 25-50pips (up to 300 if PEAK)
XAUEUR (look for correlation)
5. Timing management
2-3hrs max, else cut loss
6. If structure failed
Wait for 3 pushes to next HOD HOW / LOD LOW
7. Pending order, never Market order
Note
LATEST NOTES (MOST IMPORTANT)-------------------------------------------------------------------------------------------
HOWDLOWD
-where previousweek heading?, where monthly heading?, weeklybias?
BOXMOVE
-buy&sell at liquidity pool typical 25-50pips move, let winner run
SCALE
-if >5% already, use 0.5-1% per trade
Daily CANDLESTICK (doji,engulfing,insidebar,railroad)
TP (box move concept, buy&sell didn't matter, just let the winner run)
Typical push occurred 3-5x
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