Average Down

H1 momentum full set up PO3..

PO3 fail to reach entry point 2320...
likely H1 hanging by thread with sell momentum...
so far gold PA still in sideway, provably waiting for PMI data or NFP this coming fryday...
daily and weekly bias still in buy...
H4 need to break strong 50ema and closed top BB for momentum...

gold buy bias on H1...
waiting for PMI data, dump n pump...

tp reach 2350 on swing acc...
was a bit busy, no much time for scalping today...

H4 gold csb buy bias...
wait for corrective move in H1 and 15mins tf...
it will be bumpy ride since we have unemployed data today and NFP tomorrow...

short scalp, while waiting for best buy level...
2367-68
SL 2371
TP 2360-61

taking full tp at 2362...
ema50 sitting at 2362 as support..
now looking for buy set up...

1st tp on swing from 2360 hit...
runner on be+1...

gold flip momentum from bullish to bearish on D1 tf...
15mins momentum set up 2294 sell...
SL 2302
TP 2283
TP 2272

SL hit on swing..

monday mind set...
normally i was always excited when its monday...
last sat and sun was a btc trading mode for, but i started to get not interested...
then manic monday came and i still dont have the interest to get into trade...
hope i get my mode back since i am on long streak in scalping...
swing account doing good so far, not like scalping account fast in/out short term tp and target $100-300 aday would be enough...

slow monday

1min tf scalping

trading base on bias and avoiding news can give better return...

sticking on gold since mid last year was very less stress and easily get along with gold behavior...
pattern daily are same from asia to NY...
just in different time and price...
it was always giving a clear reentry during london and NY base on bias/trend short term...
scalping can gave a lot positive return with right target or amount you can max with leverage in short period...
trading 1-5mins has plenty of set up daily from london to NY...
just not to be greedy, fast in/out like $4-7 tp...
main time to avoid trading gold when there is news event, red data...
then the 830-930am NY time... after this hour all set up are valid for scalping....

last week of 2Q, need to be careful on any set up with gold...
expecting some whipsaw and traps...
W1 buy set up...


D1 sell set up, last friday was good run for bears...


H4 waiting for csm, sign of momentum in order to break below 2300...

i will stick with 1-5mins scalping this week...

rules of entry:
1- candle momentum on 5mins
2- mid bb and ema50 break
3- on 1min need as well candle momentum closed above/below outer BB
4- if counter trade tp $2-4, if trend following from HTF set up tp $2-10

example set up:
5min with momentum, reentry sell on pull up


1min tf set up sell

tuesday 25/06/2024

gold still ranging and reaccumulating...
never get old making trap...
still on my bias at sell side, i want to see if this week can break 2300 below...
hope LO lunch break has explosive up to NY open...

26/06/2024

gold D1 fail to closed below ema50 2320 below...
asia drop to 2010 can trigger more, likely to wait for test back 20's or 30's...
more trap coming to near end of 2Q or monday...

GOLD sell set up

H4


H1


15mins

and so 2Q done with a bang...
july 1st monday, will start again with new scalping mt5 account...
will update explorer later...