sharpie0319

sharpie0319

XAUUSD - Possible for a bearish continuation for next week, with NFP forecasted to be weaker. But watchout for some retrace / correction for intraday play.

sharpie0319

After many times of back testing and analyzing the combination of various indicators, results so far is quite impressive. One thing I learned so far using STFLAT is minimizing my early entry without strong confirmation.

sharpie0319

Find a trend and stay on trend, take profit when you can and when happy.

sharpie0319

I just had to say big thanks to @KivancOzbilgic as most if not all of these combined indicators are created and shared by his wizard. I combined various indicators into one which for me helps me greatly to find a trend and stay on trend.

sharpie0319

For my scalping or Intraday trade, I created this pine script combining various indicator (namely the famous Alphatrend by @KivancOzbilgic, Previous Day Close and 52WeeksHigh/Low) into one indicator. If price goes above the PDC and Alphatrend is a buy then I will make quick long trade. If price goes below the PDC and Alphatrend is a sell then I will make quick...

sharpie0319

As mentioned in previous post, I tried to keep it simple and further trust and learn the system I currently uses. From my perspective, one should trust their system, the most lethal of technical aspect is not fully understanding the potential of your system. Trade results from my recent buy bias for XAUUSD. Volume, Trend, Impact - determine these areas and you...

sharpie0319

This process never fails me and always been my to go process especially after I saw some manipulation in the market.

sharpie0319

If FED will not disappoints market with a 50bps market pricing in rate cut, then some key levels are plotted that is due for corrections / retracement. Later all eyes will focus on Powell speech whether he will take an aggressive approach for November FOMC.

sharpie0319

A quick recap on XAUUSD NFP day and possible scenario for Monday and Tuesday.

sharpie0319

Adding Regression Trend clearly shows that overall move for Gold will be bearish for the week of November 27 - December 1 week.

sharpie0319

Taken into consideration the calmer geopolitics tension, EOM rebalancing and a possible correction on USD - all of these contributing to possible bearish move for XAUUSD.

sharpie0319

Considering the relatively muted weekend activity and the ongoing weakening of the USD, it's reasonable to anticipate a slight bearish correction for XAUUSD in the coming week. The absence of a significant weekend push and the prevailing market conditions suggest the potential for downward movement. However, it is essential to closely monitor any shifts in global...

sharpie0319

The recent credit ratings downgrade on the USA and continuing geopolitical tension in the Middle East are factors that could potentially contribute to a bullish trend for gold in the coming week. Both of these events have historical correlations with an increase in demand for gold as a safe-haven asset.

sharpie0319

Possible scenario for a dull data next week for US30, NAS100 and US500

sharpie0319

Play until before the USD cash rate report. Seeing an upsurge on EU before the cash rate report.

sharpie0319

Possible upside for EURUSD into 200 - 250 pips gains this week. Looking at current ECB stand, they need to make this week work as possible rate cut will further put them in a bigger dilema.

sharpie0319

GOLD need this corrections that created a huge FVG. Likewise at above 2000 price level is a risky buy bias.

sharpie0319

With consideration from previous POC of PVP (Periodic Volume Profile) and current price levels and heavy filled economic data next week for GBP, - this is how I see how GBPUSD will prolly play out. What do you think guys? Let me know your initial bias.