This is just an hourly view on what could happen.
So since 280122 when we reluctantly entered a big long from 1780, we have been up to the same old scalping trick too. The conscious fact that there is a juicy Green Vector candle from 151221 at 1765 with a wick as low as 1753-54 one can never go long blindly even on scalps. 1764 just happens to be the bottom of the 4 hour box that Price broke into, only to officially leave on the morning of 310122. Before it left, it closed in this box below with six 4 hour candles but amazingly only show as wicks in the daily timeframe. Meaning ultimately that there was no daily close in the box below.
Now what does this mean? Well since these are 4 Hour boxes, we need to lend a thought to the fact that six did close below the line and that Gold has unfinished business in that box, especially (1764-54.) Or the daily can take precedence as it does sometimes and Gold will go back up to recover some Red Vectors that it printed on the way down.
We are holding a smaller part of our position from 1780 with stop losses at 1790. May look for long scalp here too
I guess we will see what is really happening by New York
Apart from this attempt to recover some Red Vectors above we are open to the idea of more shorting and will look at the same short scalping entries as last time.
This time however, we are looking to be even more quick with the closures of them as Gold may just get manipulated all the way up to 1875 and beyond.
We will always be on alert to sell too but it is nice to be in longs back up to sell prices.
If we get a good sell from any of these Hourly Red Vector candles 1764-54 would be a good place to aim for but 1680 will continue to be a dream target until it is hit but 1703 is actually where there is Green Vector from 8th/9th August 2021 notorious fall and it is only in the 30 min tf. But Blues go down to 1680 and don't necessarily always get recovered.
Progresss Check
13 trades since 28th Jan
7 shorts
6 longs
10 wins
3 +(10-20 pip) profit stop outs
1 short running 10% of position from 1853. 3 longs running (1780) 50% (with SL at 1790) and 1796.8 long scalp and full long attempts with tight SL.
Looking for potential short term long scalps from 1790.
Our buy and sell prices are still the same as in the previous Ideas!
Good luck guys!
This is not financial advice and should be taken with a pinch of salt!
So since 280122 when we reluctantly entered a big long from 1780, we have been up to the same old scalping trick too. The conscious fact that there is a juicy Green Vector candle from 151221 at 1765 with a wick as low as 1753-54 one can never go long blindly even on scalps. 1764 just happens to be the bottom of the 4 hour box that Price broke into, only to officially leave on the morning of 310122. Before it left, it closed in this box below with six 4 hour candles but amazingly only show as wicks in the daily timeframe. Meaning ultimately that there was no daily close in the box below.
Now what does this mean? Well since these are 4 Hour boxes, we need to lend a thought to the fact that six did close below the line and that Gold has unfinished business in that box, especially (1764-54.) Or the daily can take precedence as it does sometimes and Gold will go back up to recover some Red Vectors that it printed on the way down.
We are holding a smaller part of our position from 1780 with stop losses at 1790. May look for long scalp here too
I guess we will see what is really happening by New York
Apart from this attempt to recover some Red Vectors above we are open to the idea of more shorting and will look at the same short scalping entries as last time.
This time however, we are looking to be even more quick with the closures of them as Gold may just get manipulated all the way up to 1875 and beyond.
We will always be on alert to sell too but it is nice to be in longs back up to sell prices.
If we get a good sell from any of these Hourly Red Vector candles 1764-54 would be a good place to aim for but 1680 will continue to be a dream target until it is hit but 1703 is actually where there is Green Vector from 8th/9th August 2021 notorious fall and it is only in the 30 min tf. But Blues go down to 1680 and don't necessarily always get recovered.
Progresss Check
13 trades since 28th Jan
7 shorts
6 longs
10 wins
3 +(10-20 pip) profit stop outs
1 short running 10% of position from 1853. 3 longs running (1780) 50% (with SL at 1790) and 1796.8 long scalp and full long attempts with tight SL.
Looking for potential short term long scalps from 1790.
Our buy and sell prices are still the same as in the previous Ideas!
Good luck guys!
This is not financial advice and should be taken with a pinch of salt!
