XAUUSD Most Likely Happen Next Week (29/11 - 03/12/2021)

28. Nov. 2021

Above chart was 08 / 11 /2021 - 12 / 11 /2021.
This type of similar structure will most likely happen on next week. (29/11/2021 - 03/12/2021).

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LAST UPDATE TO TAKE NOTE
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HOWDLOWD
-where are we at previous week?
-where are we at monthly?,
-what are our weekly bias?

BOXMOVE
-buy & sell at liquidity pool, let winner run

SCALE
-if >5%, use 0.5-1%

Daily CS
-doji
-engulfing
-insidebar
-railroad

TP
-buy & sell at liquidity pool, let winner run

Typical push
- usually 3-5x


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THE TRADING PLAN
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MUST
See how price behave:
1. High Low Week / High Low Day
2. Round number 55, 00
3. Daily candlestick pattern ( Doji , Engulf, Insidebar, Railroad)
4. Entry timing
ASIA 0300-0500 (0400 Prime)
LON 0900-1200 (1000 Prime)
NY 1500-1800 (1600 Prime)

5. Entry candlestick , 5MIN for greater RR
Pinbar
Engulf
Railroad

6. TP
Typical move:
a) Explosive - In 1 session
b) Slow - >1 session
- Take when necessary, else BUY SELL same time using the box theory, put some in BE, let the win run

7. SL breathing
10-20pips 5MIN ENTRY
25-28pips 15MIN ENTRY


See how price behave:
ADDITIONAL CONSIDERATION
1. Weekly bias
Buy B * Sell S
S S * B B

2. Typical candlestick structure
Anatomy of candle, always push to other side first before real move

3. Peak day, beware on
Typical: Monday, Wednesday

4. Box move
XAUUSD 25-50pips (up to 300 if PEAK)
XAUEUR (look for correlation)

5. Timing management
2-3hrs max, else cut loss

6. If structure failed
Wait for 3 pushes to next HOD HOW / LOD LOW

7. Pending order, never Market order