Average Down

closed long.. waiting for ECB now

Done for today on gold +$149...
Not much time to spend and following the events today...
Manage to counter the some red events and get out early with small gains...
Hope gold can bring clear picture from.tomorrow...

FRY-day...
i already hit my week gain target...
just watching price action today, if there is any chance to take buy/sell on gold then only i will get in...
so far price action below daily open, stochastic show not over sold yet...
as soon the PA stretch down to over sold i might get in buy position and target will be 1847 DO...

waiting for CPI later...
i thought gold price will continue sliding back to 1840-41 of yesterday ECB spike...
still PA anticipated with CPI data today...
i want to see if gold price can press the bottom 1832-38 today or back above 1860-68 again...

got long gold early at 1843-40..
will add more later or during CPI..

was a good run early big boys run down headless chicken before CPI data....
end up keep buying while knife falling till 1824...
and as expected price rebound from where the price started to drop...
+$1241 gain on that run...
lets wait if we can get another position later NYSE...

wow FRY-day gold in wild...
from morning drops $22 and rise after CPI core $35...
1859 previous has been breach...
1H candle stick formed crazy, i wanted to short it but "nah, lets past today"...
question now? since 1859 broken, does it show path again to 1900...
guess next week will find out during FOMC and after math...

Congrats your explorer speaks for himself

thanks buddy...
hope you did good too...
old passion way of fry-day happen again in gold...

IM still trying to understand it on certain levels of S/R you make reversal trades or trade in direction of the trend?

let me make clear picture of S/R for when i wanted to enter buy or sell as counter...
give few minute and edit the price action where i started today...

my main signal come from BBMA if you are familiar with it....
i will look on daily and H4 structure where there is EXTREME or EXIT signal...
then i will go down to the lower TF 15mins...
price action defend on how it create and give signal that you can enter or wait...

in BBMA any price break out above and below BB along with 5 LWMA hi/lo it is call extreme, sign of reversal...
from that reversal point i always target the correction which is short term only if buy my TP will be at 5 LWMA high, sell my tp will be at 5 LWMA low...

here in H4 i identify and expected price must form MHV or Extreme, that the reason i enter buy...
you know well the market had some manipulation and greedy investor before opening of LONDON and US session the will drive nuts the market...
for me its common and obvious and we can say "headless chicken running down/up and fall, which no where to go but to stop"...


on 15mins TF the extreme form earlier at 1843 where i get in so early, and end up $10 draw down...
looking the price action outside the BB is totally manipulation where it should bring the price back inside the BB...
for some reason i find counter trading much faster than following the trend that will end up you greedy...
i have small target daily...
yes my draw down bigger, if i enter early specially when there is red news...
this only for gold behavior...
before EU, GU, DOW and NQ100 was similar..
after war started between Ukraine and Russia some pairs behavior change...

Gold after dropping from 1890 last may 6 and drive lower till 1787...
it started to range 1858-70 and 1842-32 for 4 weeks...
this BO today is FRY-day bleed a lot of accounts, blown out and wipe out...
imagine all major pairs drops and gold rise nothing to look behind...
today the H4 candle rebound $48, last time i seen was the last spike of gold from 2014 to 2070 last march 8...

for today my luck didn't run out and survive...

Thank you bro now everything is cleare to me

another great week run trading only gold...

moday +$54
tuesday +$250
wednesday +$97
thursday +$149
friday +$1241

weekly over all gain 38.0% +$1792

some reading for you

thanks T721 and for stopping by at my journal...
you can share here your personal files anytime you want...

long gold 1857...
will add more if price goes down...
target daily open line 1874...

added long 53-54

closed long +$123...
lets see if it will goes down a bit more will take another long trade...