XAUUSD And The Factual Trader

5 Nis 2023

So here we are again,

Landing at highs on impulsive Gold moves. Times like this bring opportunity for traders who are ready for them and understand the overall natural/long term flow of any market and the movement between buyers and sellers.

Remove your brain from everything you already know and just look at these two points;

- When prices get too high, traders pull out, demand drops, the price comes down.

- When prices get too low, traders buy in, demand increases, the price comes up.

It's just simple economics and trading inline with that principle means that you are going to be trading inline with how the markets always have and always ever will be. In fact, its not just this market, its the car market, the fruit market, the clothes market. You name it, its price swings from higher to lower based on demand.

So when you return back to HIGH prices that you've seen before, ask yourself, why would I buy?

If the voice inside your head said, but Will, what if it goes higher? Then it's a good idea to reply swiftly with it MIGHT go higher, but you sure have a lot of room to the downside first. It's very true it COULD extend into previous highs further but ultimately, inline with the above, it will fall eventually.

Use DCA rules and keep sizes tight to your equity. If you over-leverage on high prices thinking you are the king of all monster falls you will get burnt. So trade lightly and scale in at levels you know are factually high and you've seen have humungous falls from before.

That is how to understand the state of Gold.

5 Nis 2023

Not

Starting to look short now for falls.

6 Nis 2023

Not

Out at early Pa zones 2008. Looking to re short now.

6 Nis 2023

Not

Get Short for second round.

6 Nis 2023

Not

Exit again for gains.

7 Nis 2023

Not

Remember often prices need to take out the first line of support usually HARSH sentiment needed for this followed by further downtrend on lower tfs

9 Nis 2023

Not

Looking short into this week.

10 Nis 2023

Not

Exit shorts

10 Nis 2023

Not

Some short side gains taken no real sentiment / impetus for a smash through early PA.

Looking to re short anything 2030^

10 Nis 2023

Not

Light Hedges 1966.

11 Nis 2023

Not

Short Higher 2030

11 Nis 2023

Not

Tonnes of news coming tomorrow regarding US and global data.

Do not guess news events just await impulse moves for entries.

12 Nis 2023

Not

Starting to look to scale in short.

13 Nis 2023

Not

Further shorts coming on higher push 2045.

13 Nis 2023

Not

Should now be at full entry short.

13 Nis 2023

Not

Exit 1 looking 2010

13 Nis 2023

Not

Oh and make sure you're not a buyer.

13 Nis 2023

Not

Tomorrow comes USA Retail Sales.

Just remember you should NOT be loading in. You should be SCALING in.

14 Nis 2023

Not

Still teetering... Await US news

14 Nis 2023

Not

Markets now falling

14 Nis 2023

Not

Make sure DCA plans are also in order IF you do beat highs. This is why one does not load in and get creamed.

14 Nis 2023

Not

Gains taken on fall. Looking to RE short

14 Nis 2023

Not

Re shorts coming around 2033

14 Nis 2023

Not

Exit any re shorts if you got them another smasher fall. ONLY looking to re short on higher pops and not interested in longs unless we can see a significant fall

14 Nis 2023

Not

Slammed down for gains. Look to EXTREMELY lightly long if you want to hedge.

14 Nis 2023

Not

Closing out for the weekend if you are not so experienced then its far too early to buy. get to 1966 area for light longs.

14 Nis 2023

Not

Exit light longs.

14 Nis 2023

Not

Targets hit both sides. Exit out and look for new plans come Monday London session.

Peace out

15 Nis 2023

Not

Make sure this weekend you are reading all posts and streams on gold made by me. There’s loads to learn and to be prepared for come Monday.

17 Nis 2023

Not

Market Very lacklustre No longs until 1966. Shorts come RE hit on 2035

18 Nis 2023

Not

As mentioned in streams and posts often after rash moves you get a period of slow and calm.. followed by more movement.

Let the markets move

19 Nis 2023

Not

Any longs must be mini scalp longs... otherwise relax until 1950 area

19 Nis 2023

Not

Make sure you are out of all shorts.

19 Nis 2023

Not

And that is why you EXIT. because prices will bounce at early PA

19 Nis 2023

Not

So todays lesson(s) Falling to early PA with 0 sentiment leads to 'algo' type moves.

We can look to re short higher. Updates to come.

20 Nis 2023

Not

Looking for RE shorts as we rise and as per stream.

21 Nis 2023

Not

Exit any re shorts taken.

Light longs come far lower.

21 Nis 2023

Not

Notice how we are trading in stages (various exits)

26 Nis 2023

Not

Shorts Circa 2045

30 Nis 2023

Not

NOTE the early PA zones hit (poor reaction) Via candle wicks.

This is why we short higher as margin gets tighter.

Room needed.

1 May 2023

Not

Early light shorts can go in 1996

3 May 2023

Not

further later shorts circa 2030 again light

3 May 2023

Not

Short now

5 May 2023

Not

exit shorts

6 May 2023

Not

Market still pending large sentiment shift. Any pushes up remain short IN channel, same for longs circa 2005

16 May 2023

Not

Exit all shorts.

19 May 2023

Not

Re shorting pushes up.

25 May 2023

Not

Fall well under way and out for gains. Re long 1920.