27 - 31/12/2021 XAUUSD Re-analyse (Retrace & Trend)

2022年1月2日

Case:
- Weekly Typical Structure: ?
- Previous Daily Candlestick Pattern: ?
- Bias: Sell ?, Buy ?
- ASIA ?
- LON ?
- NY ?


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THE TRADING PLAN
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HOW PRICE BEHAVE AT
WHAT ARE THE PRICE DOING AT

1. High Low Week / High Low Day
-where are we at previous week?
-where are we at monthly?
-what are our weekly bias?

2. Daily candlestick pattern
-doji
-engulfing
-insidebar
-railroad

3. Typical candlestick structure
-anatomy of candle, price always push to other side first before making real move

4. TP
Typical move:
a) Explosive - In 1 session (2-4hrs max)
-100-300pips always occurred within 1 session spike
-Only if direction align with daily candlestick pattern.
Eg. Previous day was bullish doji at support, do catch today explosive move to next daily liquidity pool.
b) Slow - More than 1 session
- Take 25-50pips

5. Entry timing
ASIAN 0400, 0500, 0600
LON 1000, 1115, 1215
NY 1545, 1645, 1700, 1745, 1945

6. Scaling idea
-0.25% per trade
-if >5%, use 0.5-1% per trade





ADDITIONAL ELEMENTS TO CONSIDER
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. Round number 55, 00 & liquidity pool
. Entry candlestick , 5MIN for greater RR
-Pinbar
-Engulf
-Railroad

. SL breathing
10-20pips 5MIN ENTRY
25-28pips 15MIN ENTRY

. Weekly bias
-Buy B * Sell S
-S S * B B

. Peak day, beware on

. If structure failed
-Wait for 3-5 pushes to next HOD HOW / LOD LOW

. Pending order, never Market order