Market

22 – 26/11/2021 XAUUSD Re-analyse (Last Week Was Hard) for FXOPEN:XAUUSD by farisbiz29

Previous prediction:

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COMMENTARY
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Last week was hard.
What to improve.
1. XAU move in 25-50pips box, use it

– Open BUY & SELL for every move to liquidity pool
– Then, put in BE, let the winner run

2. TP

– Take profit. Again Gold move 25-50pips, use it.

– Put in some in BE, let the winner run

3. Scale up

– Only when you >5%, else, don’t break the rule

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THE TRADING PLAN

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MUST

See how price behave:

1. High Low Week / High Low Day

2. Round number 55, 00

3. Daily candlestick pattern ( Doji , Engulf, Insidebar, Railroad)

4. Entry timing

ASIA 0300-0500 (0400 Prime)

LON 0900-1200 (1000 Prime)

NY 1500-1800 (1600 Prime)

5. Entry candlestick , 5MIN for greater RR
Pinbar

Engulf

Railroad

6. TP

Typical move:

a) Explosive – In 1 session

b) Slow – >1 session

– Take when necessary, else BUY SELL same time using the box theory, put some in BE, let the win run

7. SL breathing

10-20pips 5MIN ENTRY

25-28pips 15MIN ENTRY

See how price behave:

ADDITIONAL CONSIDERATION

1. Weekly bias

Buy B * Sell S

S S * B B

2. Typical candlestick structure

Anatomy of candle, always push to other side first before real move

3. Peak day, beware on

Typical: Monday, Wednesday

4. Box move
XAUUSD 25-50pips (up to 300 if PEAK)

XAUEUR (look for correlation)

5. Timing management

2-3hrs max, else cut loss

6. If structure failed

Wait for 3 pushes to next HOD HOW / LOD LOW

7. Pending order, never Market order

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