Can the HOUSE capitalize SHORT on the counter-trend PULLBACK...?

GC1!

A wise man once said, 'The Market Pays You To Be DISCIPLINED'

So Family...Here on Gold I have constructed a High Probable SHORT set-up for the HOUSE to CAPITALIZE on! Below I will break down my narrative in gr8 detail to understand the reason why... Vibe w/ me...

1) Starting on the Daily TF buyers pushed price all the way up and swept December's HIGH with a candle closure above pricing ($2171.5)...& Also swept a descending eR/LQ Trend to the upside with candle closure above PUSHING INTO Premium Pricing levels AKA (GOLD is EXTREMELY EXPENSIVE RII NOW) ***Yu see the market is made up of humans just like you and me who are created with emotions. Now this is just my perception, but being that gold is extremely HIGH & expensive rii now, what does that mean? People are going to start selling at the HIGH rii...Exactly! They fear Gold dropping anyway being that is so expensive, so they sell to lock-in & protect their profits. AND this is the move we will be looking to capitalize on!
ON THEIR FEAR!!!

2) On the 4Hr TF we have an unmitigated Demand zone and this will the the #1 confirmation I need to see Fail in order to scale Short... Soon as sellers break this 4Hr demand zone, That will be out 1st confirmation that the counter trend pullback may be getting ready to happen...
Stay on Point, it's $$$ on the line...

3) Underneath the 4Hr Demand zone is a MAJOR Weekly Resistance turned Support Level ($2160.0) and that will be the #2nd confirmation I need to see fail in order to enter short... ***Price needs to close underneath with strong conviction under 4Hr Demand and the Weekly Support level on both the 30&15m in order for me to scale short...***Also price needs to be trading underneath the RED V-Wap on the 1He TF and below as final confirmation...Always a plus to be trading in favor of the V-Wap...IMO

4) If and when we can get the sequence of events to happen then I will be compelled to scale SHORT on the retest of the Weekly S&R Level ($2160.00), Always cover the high for STOPS and target the next unmitigated 4Hr Demand Zone around ($2040.00) Roughly a 200 point move. Can easily catch a solid +2.5-3R % Gain depending on your management system...

***OH and this is just something I might add...When it comes to your stop losses, ALWAYS Place your stops outside of a fluctuation zone and in a place where it would in-validate the trade once hit...That way its easier to accept the L if taken cuz you were 100% wrong...its helps me hope it can help you as well...This Trade is considered Counter Trend so we need to skilled in our entries and even more our exits... Stay Focused, Stay Disciplined...
Shalom+

***Remember nothing in the market is set in stone, We play the long-term game of probability...
However I am very confident in my reading of PA...Lets get to it $$$$$
+2.5R % Gain this Week! It's been spoken!!
Now lets sit back N stalk like the Saltwater CROC!!!
#BHM500K #NewERA

Comment:

Currently Im liking the way price is moving...Lets stay focused. Remember we are looking to capitalize on the on HTF counter trend pullback...Until we get 1Hr confirmations we just wait patiently...#BHM500K #NewERA

Comment:

Update!! Sellers Have broken a level of demand in the market & still pushing for lower prices...So far price is moving as predicted...Lets stay focused and on point...Remember what we are looking for to go SHORT!!

Comment:

1Hr TF Chart Analysis

Comment:

With CPI being this morning sellers push price in our direction... However 1st buyers came and swept London HIGH and then pushed towards our direction...Now remember we need to see a break of 4Hr Demand and a close underneath Weekly Support ($2160.00) before we can scale SHORT...Let's be patient and wait for final confirmations... No need to rush the set up will come to us...#500K

Comment:

We got confirmation.... 4Hr Demand Has Failed and we wicked the weekly support level...Now we wait for candle closure on 30&15m then I will scale short...

Comment:

15m TF...I want to see strong close under with enough conviction to enter...However PA left us a beautiful indecision candle on the 15m that I would to SHORT FROM!!! STAY FOCUSED....I have not set my limits yet. I want to strong closure underneath the weekly support on both the 30&15m in order for me to place my limits...

Comment:

Candle Closures underneath ($2160.00) Then we on!!

Comment:

Huge 1Hr Rejection Candle at the Weekly Support Level ($2160.00)...I am patient I have no reason to be in the market until I see all the confirmation I need to enter...My 'New ERA' #500K Model aims for +2.5R gain for the week. That's my aim...Now 2.5R x 4weeks = 10R Gain for the Month...
$500K Funded Acct. + 10R Gain = $50K Month....Stay on Point, No time to Slip!
-Management500K

Comment:

I need to see price break and close below Weekly Support Level ($2160.00) on both the 30&15m TF's and trading underneath the Red V-Wap, then break the 1Hr indecision candle low ($2158.00) and then I'll be interested ready to go short!! Stay focused....

Comment:

All the confirmation I needed... Price swept the 1Hr indecision low and we got the 15&30m Confirmation below Weekly Support...I'm setting my limit and will wait for the TAG...

Trade active:

We got the TAG SHORT...This is what we waited for, Now lets MANAGE our portfolios as Professionals, NO EMOTION lets trade our 'New ERA' #500K Model...
-Management500K

Comment:

Still Holding however I adjusted my stop to let the trade breathe just a bit...I covered the 1Hr High....Let's manage to the best of our abilities...
#BHM500K

Trade closed: stop reached:

I was stopped out on this SHORT...All good, great narrative just didn't fall through...This is the game of probability we choose to play...Catch you on the next Set-Up...#500K