XAU PLAY and GBP HALT

Gold Buy Signal if Price Close above 1506. Target Profit on Short Zone.
GBP make a good range trade today. No update since no Price Key hit yet.

Fast Update Daily Chart GBP

If Price close below 1.2500 then it may become consolidation area for a while. Price break above 1.2500 may become short opportunity if ADR still applied. There is high chance of wick above price level for tomorrow play.

If price close above 1.2500 only look for long setups as price close above the key level and may target the next key level.

If price close below 1.2420 which is highly unlikely it is probably a shift to a very strong bearish sign.

The most high probability scenario is price may close inside 1.2420 and 1.2500 zone for next days.

Tuesday Update GBP Mission Accomplished

Market Maker leave the trails going up. I think many people doing the same strategy as I did. Many times price not hitting the targets or just scratch the zone. I am not surprised if price not penetrate the Target Zone before reverse.

Lessons from this trade:

• Price move whipsawed before big trend to shake the holding positions in this case 2x double    bottom and fake spike when London Open.
• Price only scratch the Play Zone. Likely to miss the setups.

1 min TMA is needed especially if I did the reverse trade like this trade. London open spike can give 15 pips more profit which is nice.

The strategy shifted since maybe so many traders doing the same strategy so MM won't let we ride the 100 pips wave. Be very aware when price rejected just above the play zone. It is probably the MM doing.

After price hit the TARGET ZONE we need to update new price level. I will keep updating very soon..

Monday Update GBP

Price Retrace before hitting the TARGET ZONE indicate MM want to lure traders to short. Herd Mentality breakout without hunting stop losses make traders trapped both long and short.

MM need more sellers to drive market up. The best way is to drive price going down more into the PLAY ZONE before price GOING UP.

Weekend Update

Target Zone on the upside. Price might retrace a bit to scare traders and stop loss hunter. Before price reach the BIG TARGET ZONE then long position is still valid.

Good strategy is to buy on every dip when stop loss hunter happened. Price may consolidate and choppy for quite some time and may hit the target with big spike. Be aware and keep cautious.

Update GBP

Friday will be a tough day. Another lower high is indication to attract more shorts and shakes the longs. It is a strong signal for long breakout maybe next week after more longs are cleared

Stop Loss Hunter Experiment

After long time inactive I post new experiment about Stop Hunting Money Maker. This is GU hourly chart. More Buyers trapped than Sellers. It means Price will likely going down to Trigger the Stop Losses before Going Up again.


More update soon...