Let's go LONG this week & STRIKE GOLD for the HOUSE!!!COMEX:GC1!
" A life is not important except in the impact it has on other lives." -Jackie Robinson
As we head into the 2nd trading week of the New Year I hope everyone has a HIGH SET Goal that they want to achieve. Let's be strategic in our goals and make sure we put forth rightful action that will get us the results we desire. In this sport we play there is no Reward without RISK... So let's get down to business on what exactly were looking for this week to STRIKE GOLD for the HOUSE to benefit...
Confluence Profile 500K (Expectational Order-Flow + PA) 15-20pt STOP / 60-100pt Target
Key info; On average GOLD runs for 240pts LONG or SHORT during NY session 5am-2pm PST.
Our Playbook: We cut 240 in Half = 120pts as our new GOAL to catch for the DAY (Intra Day)
Pillar 1) HTF EOF "Market Direction" In which direction are we headed? Who has the stronger hand?
Currently Buyers have the stronger hand on the HTF's Daily & 4Hr. We just broke above the Daily Swing EQ Level ($2696.5) and have officially entered the Daily Supply Zone ($2719.0).
**** Scenario LONG #1) Now this is my Narrative to go LONG if and when price has a slight reaction out of the Supply Zone and sellers push GOLD down towards Daily Swing EQ Level ($2696.5) I will then head to the Order Flow Footprint Chart to watch very very closely if buyers start to change the expectation of orders from bear flow to bull flow from the Key Level ($2696.5). OR
**** Scenario LONG #2) If sellers remain dominant and push price lower past EQ Level my next target will be 4Hr Sub. X Level ($2681.0). I will then head to the Order Flow Footprint Chart to watch very very closely if buyers start to change the expectation of orders from bear flow to bull flow from the Key Level ($2681.0). Or
**** Scenario LONG #3) Sellers remain Dominant and push price past EQ level & 4Hr Sub X. Level and come to mitigate the HTF Daily Demand Zone below ($2664.0). I will then head to the Order Flow Footprint Chart to watch very very closely if buyers start to change the expectation of orders from bear flow to bull flow from the Key Level ($2664.0).
Once we get our Confluence Profile 500K to flow in symmetry together; HTF Mitigation w LTF Entry Confirmation / Order Flow Footprint + PA we then will enter our positions INTRA DAY....
Key Note: LTF Pro Trend is LONG & LTF Counter Trend is SHORT.... Either way is Profit!! Done correctly at the right time & price. I will keep update as more date in the PA develops throughout the week.
Remember; "Our Profession is to Manage the downside costs of printing HIGHSIDE returns of $$$ consistently. Done correctly, well Abundance awaits us." -500KTrey
