popesalmon

popesalmon

I will be looking to scalp more on the bullish rallies as to continue with the past previous days.

popesalmon

Price hasn't been able to tap previous highs, signaling continuation of the bearish strength. Most likely due to JPY experiencing Political shift with the elections, which in-turn stirs confidence for it's safe-haven status. While GBP loosening its currency strength in response to the inflation.

popesalmon

LDN open trade. session open and shortly after open is always the best time to enter position, at least to my data samples.

popesalmon

Look out for GBJPY bearish movement today. Good luck.

popesalmon

Didn't want to trade gold today because of the upcoming Friday economic news, but the setup was too good to not enter.

popesalmon

Entered at NY open, anticipating price to be traded lower to tap the key support rejections

popesalmon

Marked the chart on HTF, visualised what price will do today and executed just as planned. Close early because aforementioned reason + entry was not the best to use as buffer for SL.

popesalmon

More advanced move in my opinion. My daily bias was bearish but I took a long position anyways, because the narrative that I have given to the price action makes sense, + the setup has good potential to it. Always try to give price a story, hinging it to story allows for contexts, price action and time to be properly taken into account.

popesalmon

Continued volatility from yesterday, lots of news going on = more price movements = hold trades longer. This is note to self. But please do take my shortfall as a lesson for yourself too! HOLD TRADES when volatility is present and there's a good range for price to move.

popesalmon

Experience played a big role on deciding to enter this trade. It was based heavily on the fact that structure held like a king. And I knew that the nature of gold is that if you miss the entry, you are likely to miss the whole move, so I had acted on it and it paid off.

popesalmon

Simple trade, there was a bad range, but due to how price was printing, with strong enough volume in the momentum, it will usually bypass barcode ranges. Lesson of the day is to always, always know if you are trading with volume or no volume. Use candlestick anatomy to determine. Forex is decentralised unlike stock exchanges, no volume indicator will truly...

popesalmon Updated 

Strong momentum on NYSE open + fakeout was the core narrative to this short. I had marked my hard target to be 3:1RRR but wasn't comfortable holding it so I closed at 1:1RRR. Note to self: momentum = hold the trade, trust your analysis.

popesalmon

Labor day, not the best day to trade, but I saw LL LH being formed since the open, plus a lot of confluences on the HTF which narrates a high probable chance that price will move lower today if it starts breaking the daily low.

popesalmon

Key narration to this trade is how price is reflecting the same movement as last night. Same time, same initial move + breakout confirmation and LDN range.

popesalmon Updated 

XAUUSD LONG Gold has been on a consecutive Break and Retest for the past weeks. as seen on the daily structure. My anticipation of this Long position is based on that foundation. Coupled with a fakeout on the previous day (from my zone), the long wicks and orders from last night has to go somewhere. And it is most likely going to head up to tap the 4th August...

popesalmon Updated 

Monthly is closing in 2 days, I'm anticipating that price would close below 1.37777 level. This puts my HTF bias bearish. In confluence with Weekly, price closed at the key level on my chart, rejecting to push further up, adding to the overall story-telling of mine. On the LTF we can see that price is relatively bullish in structure which contradicts with the...

popesalmon Updated 

LONG 1. HH HL market structure 2. Trendline rejection 3. 1H breakout of range (Entry confirmation) 4. Potential wickfill on 1H candle 5. Bullish MAs 6. Strong rejection off 149.500 level, always multi-days impulsive push AGAINST 1. HTF Bearish structure 2. Technically hasnt broken 4h Market structure... Closure above 151.300 would signify proper break of 4H...

popesalmon

SHORT 1. Price looks to be retesting the resistance @1.25539 on the daily timeframe. 2. There's a previous rejection on LTF as well, of which most recent price wick closed below the previous signaling strong selling pressure, and exhaustion to the upside. 3. 2pm Ldn open, anticipated strong influx of volume to push price towards directional bias. 4. Bearish...