Since Reaching - Bear gets drunk and brawls
It is fair to say a lot has happened since everyone was reaching for the new high - including us.
Now, the reason why since the first week of Jan we were short, then short scalping is because we know how price can be manipulated on Gold.
From the very first Idea, we spoke of short scalping until the scalp becomes "the short" and holding on to longs from the best buy prices up to the desired short entry prices.
Short scalps were definitely killing the game and a lot of fun. On 18th Jan 2022, we shared an idea titled "Short Scalps Done?" In this Idea we spoke of price potentially recovering a Green Vector (manipulation) candle at 1805. Guess what, there was a quick wick down to 1805.88 and a buy limit triggered that we took up to 1824. Another buy stop triggered at 1819 took us up to 1837. We started looking for short scalps again around the top of the Box that we found ourselves at.
On the 20th Jan we entered a short scalp and a full short aiming at the Green Vector candles down at 1818-1816, with the lowest at 1810. This did not happen and we had to cut the full short at 150 pips (@1830) and could sense that price would be manipulated again to the upside. It danced around a little and gave both long and short scalps while loading up the last piece of manipulation to the upside.
On the 24th Jan, 1830 held again as a support and on the 25t Jan, literally the next hourly candle (green Vector) after we published the idea titled "hourly dance off," we had the manipulation that took us up to what became the most recent high. 1853.8-1854. Depending on what chart you use.
While everyone was dreaming of 1900, we were swiftly into short scalps with a full short too. 80% of that full short just closed this morning when price hit the low of the average daily range (1780). (1853 - 1780) that's 700 pips.
This is what we mean by short scalp until the scalp isn't a scalp any more but instead has become "the short"
Now we have had a 50 pip long scalp from the low ADR and are a little apprehensive to hold a full long for now as there are more Green Vector candles at 1760-1750 and even more below. But we are holding full longs nonetheless. the stops are at 1782 anyway so whatever happens doesn't matter to us.
If we have a 4 hour close in the box that we are in, then we can see the bottom of the box very soon. (1760) However if it flips up and we have a 4 hour close in the box above. There is a chance for more long scalping.
Progress check!
36 trades since 11th Jan
20 shorts 10 50-90 pip scalps (6 x 100+ pips) (1 x 200+ pips)
16 longs 7 50-90 scalps (2 x 150+ pips) (2 x 100+ pips) (1 x 200+ pips)
33 wins
3 loss
1 Short running (20% of position-1853) 1 long running (1780) (with SL just above BE)
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.
Now, the reason why since the first week of Jan we were short, then short scalping is because we know how price can be manipulated on Gold.
From the very first Idea, we spoke of short scalping until the scalp becomes "the short" and holding on to longs from the best buy prices up to the desired short entry prices.
Short scalps were definitely killing the game and a lot of fun. On 18th Jan 2022, we shared an idea titled "Short Scalps Done?" In this Idea we spoke of price potentially recovering a Green Vector (manipulation) candle at 1805. Guess what, there was a quick wick down to 1805.88 and a buy limit triggered that we took up to 1824. Another buy stop triggered at 1819 took us up to 1837. We started looking for short scalps again around the top of the Box that we found ourselves at.
On the 20th Jan we entered a short scalp and a full short aiming at the Green Vector candles down at 1818-1816, with the lowest at 1810. This did not happen and we had to cut the full short at 150 pips (@1830) and could sense that price would be manipulated again to the upside. It danced around a little and gave both long and short scalps while loading up the last piece of manipulation to the upside.
On the 24th Jan, 1830 held again as a support and on the 25t Jan, literally the next hourly candle (green Vector) after we published the idea titled "hourly dance off," we had the manipulation that took us up to what became the most recent high. 1853.8-1854. Depending on what chart you use.
While everyone was dreaming of 1900, we were swiftly into short scalps with a full short too. 80% of that full short just closed this morning when price hit the low of the average daily range (1780). (1853 - 1780) that's 700 pips.
This is what we mean by short scalp until the scalp isn't a scalp any more but instead has become "the short"
Now we have had a 50 pip long scalp from the low ADR and are a little apprehensive to hold a full long for now as there are more Green Vector candles at 1760-1750 and even more below. But we are holding full longs nonetheless. the stops are at 1782 anyway so whatever happens doesn't matter to us.
If we have a 4 hour close in the box that we are in, then we can see the bottom of the box very soon. (1760) However if it flips up and we have a 4 hour close in the box above. There is a chance for more long scalping.
Progress check!
36 trades since 11th Jan
20 shorts 10 50-90 pip scalps (6 x 100+ pips) (1 x 200+ pips)
16 longs 7 50-90 scalps (2 x 150+ pips) (2 x 100+ pips) (1 x 200+ pips)
33 wins
3 loss
1 Short running (20% of position-1853) 1 long running (1780) (with SL just above BE)
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.
