Gold Spot / U.S. Dollar
Short
Updated

MQP PRESENTS - SCALPING DEVICE #3

718
HEADER - As usual only good for 12 to 16 hours max.

SUMMARY - Daytime U.S. price action say this is at least a coin flip.

DETAILS - if first box fails, it's going to go quick.

SUMMARY - Short w/ hard stop.
Note
NOTE 1 - I like this trade more than I do Sunday's long. That's just instinct saying that. I don't have evidence that it's actually better.

NOTE 2 - If it breaks first box upside, wait a little. If it stays past first box, then this post would end by default.
Note
NOTE 3 - I am not doing overnight tracking updates. FWIW, my short entry was market open 6PM and my hard stop is 1840.
Note
NOTE 4 - Make that 1840.75. It's worth that extra 3/4.
Note
7:37 PM ET move stop back to 1839.75
Note
THE NEXT TIME I DO A SCALP, IT WILL BE BASED OFF THIS OVERALL GUIDE UNTIL STATED OTHERWISE:
MQP-IRLC-001 - BUY EVERY PULLBACK UNTIL 1970, AND THEN SOME

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.