XAUUSD/GOLD - H1 - Pending Orders

29 ธ.ค. 2022

Well let's put the nets on both sides, hope to catch some fish today.

Buy Stop @ 1810.5
TP @ 1825
SL @ 1805

Sell Stop @ 1804.5
TP @ 1796
SL @ 1810

Expiration/ Waiting time (Apply to pending orders): 8 hours from now. Automatically cancel pending orders if not activated.

Monitor the chart constantly since further modifications may be needed.

Merry Christmas & Happy New Year.

29 ธ.ค. 2022

บันทึกช่วยจำ

IF XAUUSD/GOLD 'BUY STOP' ACTIVATED AND REACH 1815.
DO THIS IMMEDIATELY, WITHOUT QUESTION, JUST OPEN AT MARKET PRICE.

Sell @ market price:
USDCAD - USDCHF - USD JPY - EURJPY - GBPJPY

Buy @ market price:
AUDUSD - GBPUSD - EURUSD

Set thin TP @ 20-30 pips
Set thin SL @ 30 pips

IF XAUUSD/GOLD 'SELL STOP' ACTIVATED.
Monitor the trade constantly, do not buy/ sell other co-relation pairs.
Because we are in a macro uptrend, any down turn is just temporary.

29 ธ.ค. 2022

บันทึกช่วยจำ

The 'sell stop' is activated, but close it now at very small profit.
I dont think the chart will favor the sell side, at least not now.

30 ธ.ค. 2022

บันทึกช่วยจำ

So the 'Buy Stop' order has been activated and running for half a day and so far so good.

Did you make any Buy/ Sell orders at market price with the pairs I mentioned in previous update? They all went very well too.

Anyway, as usual and as normal practice we will move the SL up to secure the trade so that we can trade at zero risk if chart turns.

BUT NOT THIS TIME, THIS TIME WE DO A BIT DIFFERENT.

Remove the SL of the running Buy order

Extend the TP to 1866

Place a pending order:

Sell Stop @ 1815
TP @ 1805
SL @ 1820
Expiration/ Waiting time: 4 hours from now. Automatically cancel pending order after 4 hours if not activated.

For sometimes from now, Gold may drop down a few tens or hundreds of pips AND WE ARE NOW WAITING FOR THAT 'SOMETIMES'. And don't worry, it won't drop too deep.

1/ Gold broke 1820-1825, daily time frame resistance. The new D1 resistance now is 1830-1835.

2/ USD index (DXY) is soften

3/ more often in the past, Gold price increase year end and the beginning of a new year, say end of november the previous year to end of january of the comming year, gold increase during these month. NOT ALWAYS BUT VERY USUAL.

So, from 1, 2, and 3, we confident on the increase of gold and we can remove the SL of the running Buy order without shaking fingers.

Sometimes on its way up, it will take a few steps down. Take that 'sometimes', a Sell Stop and wait for it.

Good luck and have a wonderful end year weekend.

30 ธ.ค. 2022

บันทึกช่วยจำ

By the way,
Those who did not enter the buy trade, I think another entry point is

Buy Stop @ 1819
TP @ 1866
SL @
Well I don't think we need a SL for Buy trades on gold now. ANY SELL TRADE ON GOLD MUST ATTACH A SL, no need for buy.
Let's do it this way, for every $200 of free balance use 0.01 lot and no SL.

Last new year russia attacked ukraine, this new year we hope russia will attack the whole world so that in favor of our buy trades on gold.

kkkk.

30 ธ.ค. 2022

บันทึกช่วยจำ

The 'Sell Stop' mentioned previously has been activated and running bad, we may lose this trade. But do not enter a buy trade as replacement yet, not so fast.
Adjust the 'Buy Stop' pending order to @ 1824.

The chart seems to be moving sideway direction.

30 ธ.ค. 2022

บันทึกช่วยจำ

In M15 - M30 - H1 time frames the chart is moving sideway, it will get out of the sideway to finally go up or down. Don't do anything now, very dangerous, it always kill somebody and give other a big gift right after getting out of the sideway.

Keep the 'Buy Stop' @ 1824.

Monitor the running Sell, still, there's chance of not losing this trade.

30 ธ.ค. 2022

บันทึกช่วยจำ

Sell trade hit SL
hold on with buy trade.

3 ม.ค. 2023

บันทึกช่วยจำ

we hit SL on the sell trade, but both buy trades made huge profit today, above 1849.

so, i'm closing this idea for now.