Signal: XAUUSD Short — Full Signal - Entry on Breakout of Order Block
Context:Regime Shift, to ranging market - from long trend.
Probability: Normal - Regime clearly changed, no longer trend long. Fundamentals support this has changed. Full Signal from Judge Fortress Algo Short Supports it, order flow has large range to support the trade.
Risk: Full 2% → Although, Volume at time of entry still slightly bullish at 13% Delta
R:R Plan: Potential is 2.38R, 75% scale-out at TP given the range and drawdown management.
Scale out at 1xATR worth of range (TP) and let 25% Runner stretch to the next order block. Secure profits and observe for blocks to secure to.
The flipside is there is a chance that price could encounter long tension before the the next order block to support the overarching trend based on demand globally and fundamentally. But we would have taken 75% off at this stage.
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Notes:
First trade on Gold in a long time for Judge Fortress Algo. Signal is journaled for observations.
Context:Regime Shift, to ranging market - from long trend.
Probability: Normal - Regime clearly changed, no longer trend long. Fundamentals support this has changed. Full Signal from Judge Fortress Algo Short Supports it, order flow has large range to support the trade.
Risk: Full 2% → Although, Volume at time of entry still slightly bullish at 13% Delta
R:R Plan: Potential is 2.38R, 75% scale-out at TP given the range and drawdown management.
Scale out at 1xATR worth of range (TP) and let 25% Runner stretch to the next order block. Secure profits and observe for blocks to secure to.
The flipside is there is a chance that price could encounter long tension before the the next order block to support the overarching trend based on demand globally and fundamentally. But we would have taken 75% off at this stage.
---
Notes:
First trade on Gold in a long time for Judge Fortress Algo. Signal is journaled for observations.
Trade closed: stop reached
Trade meandered for a few days since entry, with the traditional burst volume on the signal taking place, but not reaching 1xATR. A loss of 1.2%
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.