Updated

GOLD MARCH 17 BIAS

In this post I will try to analyze gold chart and bias for the week. There are two indicators I'm using for this post which are 1.) HTF CANDLE PROJECTIONS by modhelius and for market structure 2. SMART MONEY CONCEPTS SMC by Lux Algo both are free and accessible on trading view.

Weekly Chart

Bias: Bullish
Last week's candle broke the previous candle week high and closed through and reached a new all time high

Daily Chart

Bias: Bearish
Fridays closed below the high of Thursday after it touched a new all time high on Friday indicating some profit taking. Im expecting price to open and move higher and eventually move lower before attempting to test the Friday's high.

I will update this thread as the market moves.

LET ME KNOW WHAT U THINK.

Trade active

On the 4 Hour chart if my bias is correct i want to see price moves up initially without breaking the previous high and moves lower testing the 4hour fair value gaps before moving higher creating a 4hour wick or a daily wick. As mentioned this will be invalidated if the previous daily high is broken.

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Following my bias i entered a short on the 15min chart, with plan to trail if successful

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PLANN IS NOT WORKING OUT SO FAR SO CLOSED IT

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MARCH 17 NY TRADE

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lesson for me on the asian loss yesterday is to just take HTF direction trades

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MARCH 18 LONDON OPEN TRADE

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monday's trade still open and trailing

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March 19 Update
Two of our trades are still running and trailing

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March 18 5:59 London time

adjusting my targets

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MARCH 19 London open

New Trade

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i got stopped on this new trade

im trailing my second trade just below my stop on the third trade the first trade is trailing just above the entry of the second trade

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2nd trade closed as well on trailing

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March 20

NY time i opened another trade and still running

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got trailed out with the last trade last night

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I had one loss again today and one running letss see how this goes. Monday 2nd trade still open

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what a shame two lost today thats it for me> likely i will just hold last trade for swing

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MARCH 21 FRIDAY

So overnight we almost got stopped out but luckily our trailing stop is way below. I dont plan to do any trades today but will watch how the market develops

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March 21 I am looking at this buy position

I know i said i wont trade anymore but i am seeing a possible opportunity

Junmadayag

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Junmadayag

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