08 - 12/11/2021 XAUUSD As Predicted
Previous prediction:
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COMMENTARY
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What to improve.
1. Entry at 5Min, will able to get greater RR
2. SL
10-28pips
3. TP guide
Monday, Tuesday 1:2 / 1:3 RR
Wed, Thu, Fri >4 RR
*All depends on liquid pool, weekly/daily highs lows
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 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
Example, on this chart, Wednesday NY session
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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
4. Entry timing
ASIA 0400
LON 1000
NY 1600
5. Entry candlestick
Pinbar
Engulf
Railroad
6. Always TP
Mon Tue 1:2 / 1:3 RISK:REWARD
Wed Thu Fri >4 RR
7. SL breathing
10-20pips 5MIN ENTRY
25-28pips 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
----------------------------------------------------------------------------------------------------
COMMENTARY
----------------------------------------------------------------------------------------------------
What to improve.
1. Entry at 5Min, will able to get greater RR
2. SL
10-28pips
3. TP guide
Monday, Tuesday 1:2 / 1:3 RR
Wed, Thu, Fri >4 RR
*All depends on liquid pool, weekly/daily highs lows
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 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
Example, on this chart, Wednesday NY session
----------------------------------------------------------------------------------------------------
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
Mon Tue 1:2 / 1:3 RISK:REWARD
Wed Thu Fri >4 RR
7. SL breathing
10-20pips 5MIN ENTRY
25-28pips 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
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