Can the HOUSE CAPITALIZE SHORT if 1Hr Demand FAILS...?

19 thg 8

GC1!

"PERSISTENCE. Nothing in this world can take the place of good old persistence. Talent won't. Nothing's more common than unsuccessful men with talent. The world is full of educated fools. Persistence and determination alone are all-powerful. Show that you don't have to be defeated by anything. That you can have peace of mind, improved health, and a never-ceasing flow of energy." -The Founder

Family as we get ready to kick start this trading week I have developed a High Probable Set Up SHORT on GOLD if we can get the following sequence of events to take place. Below I will breakdown what I'll be looking for to enter the Market. Now remember before we get started, nothing in the market is set in stone on a individual trade basis. We play the longterm game of probability! Understand the Odds N beat them longterm is our aim! Now to the SHORT breakdown for the HOUSE to CAPITALIZE ON.....

1) Bulls have created a NEW HISTORIC ALL TIME HIGH here on this asset. Price just hit ($2550.0) and we just so slightly started to see some exhaustion with sellers pushing price lower. * On the 1hr TF bulls pushed price right back up into the Un-mititgated 1Hr Supply zone and now this is where we will see if Sellers will Defend their positions establishing the stronger hand and push price lower.

2) 1Hr TF PA.... We have developed a 1Hr demand zone just slightly below current pricing that ranges from ($2534.5 to $2523.5) and this is where we'll see how sellers & buyers react to each other to see who will establish the stronger hand. If This demand Zone Fails with a confirmed candle closure underneath then I will be compelled to go SHORT. Price that I want to see hit is ($2523.5) in which would be a 1Hr CHoCh (Change of Character) if Sellers Hold their defensive stance at 1HR Supply.

3) If and when price breaks the 1Hr Demand Zone below and we get a confirmed 1Hr CHoCh candle closure underneath then I'll enter off a LTF 5-15m level of Supply and target the 30m Demand zone just slightly underneath Daily Support Level. pricing ($2505.5) roughly around 150pts in our favor SHORT...

**** Now remember this 1 KEY POINT, We are trading above a Major Daily Support Level ($2520.0) If price breaks underneath 1Hr CHoCh Level ($2523.5) we have to be very cautious as we are approaching a MKL (Major Key Level) Daily Support Level!

4) I'll keep close update as PA develops and we have more data to work with.

***Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently. Let's Keep Steppn!!

Stay Focused & Reach Excellence!!
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19 thg 8

Ghi chú

15m TF Current PA.... Price Still trading inside of the HTF 1Hr Supply Zone. Lets see how it holds!