Above chart was 01/ 11 /2021 - 05/ 11 /2021.
This type of similar structure will most likely happen on next week. ( 22 /11/2021 - 26 /11/2021).
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COMMENTARY
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1. Number #1 most important are highs & lows daily weekly
Eg.
LAST 2 WEEK, straight BULLISH
PREVIOUS WEEK, 3rd week BEARISH (RETRACEMENT) of the month
THIS WEEK, most likely
MONDAY, TUESDAY, WED - BULLISH
WEDNESDAY, THURSDAY, FRI - BEARISH
2. Use Fibonacci 61, 78
3. TP guide
75-100pips if trades open >1 session
>100pips always occurred within 1 session spike
See Highs Lows, depends on liquid pool
4. Scale up the same week
-If the week if up by >5, risk more on high probability trades, 1-3% per trade
-See daily weekly chart , if previous day offer
a) Engulf, Pinbar , Railroad
b) LOW/HOW
c) Explosive move on real direction, then trade align with the pullback/retracement
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THE TRADING PLAN
----------------------------------------------------------------------------------------------------
MUST
See how price behave:
1. High Low Week / High Low Day
2. Round number 55, 00
3. Daily candlestick pattern
4. Entry timing
ASIA 0400
LON 1000
NY 1600
5. Entry candlestick
Pinbar
Engulf
Railroad
6. Always TP
7. SL breathing
10-28pips 15MIN ENTRY
8. Pending order, never Market order
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
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 (if 5MIN ENTRY)
6. If structure failed
Wait for 3 pushes to next HOD HOW / LOD LOW
This type of similar structure will most likely happen on next week. ( 22 /11/2021 - 26 /11/2021).
----------------------------------------------------------------------------------------------------
COMMENTARY
----------------------------------------------------------------------------------------------------
1. Number #1 most important are highs & lows daily weekly
Eg.
LAST 2 WEEK, straight BULLISH
PREVIOUS WEEK, 3rd week BEARISH (RETRACEMENT) of the month
THIS WEEK, most likely
MONDAY, TUESDAY, WED - BULLISH
WEDNESDAY, THURSDAY, FRI - BEARISH
2. Use Fibonacci 61, 78
3. TP guide
75-100pips if trades open >1 session
>100pips always occurred within 1 session spike
See Highs Lows, depends on liquid pool
4. Scale up the same week
-If the week if up by >5, risk more on high probability trades, 1-3% per trade
-See daily weekly chart , if previous day offer
a) Engulf, Pinbar , Railroad
b) LOW/HOW
c) Explosive move on real direction, then trade align with the pullback/retracement
----------------------------------------------------------------------------------------------------
THE TRADING PLAN
----------------------------------------------------------------------------------------------------
MUST
See how price behave:
1. High Low Week / High Low Day
2. Round number 55, 00
3. Daily candlestick pattern
4. Entry timing
ASIA 0400
LON 1000
NY 1600
5. Entry candlestick
Pinbar
Engulf
Railroad
6. Always TP
7. SL breathing
10-28pips 15MIN ENTRY
8. Pending order, never Market order
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
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 (if 5MIN ENTRY)
6. If structure failed
Wait for 3 pushes to next HOD HOW / LOD LOW
ibb.co/25kR33d
i.ibb.co/R7DtTTc/XAU...1-11-23-14-30-45.png