sunbright

I do not limit God by seeing limitation in myself. With God and myself all things are possible. Sunbright arc

FRIDAY GOLD REVIEW WHAT DO YOU SEE? 4H TREND = BULLISH (HL 3960, HH 4430) On the daily we have a clean bearish engulfing hammer candle that swept 4430 liquidity before closing. It is a high probability reversal candle. On the 4H, after the triple top that formed around the 4430 price point, price has broken below the 4380 KL to commence the 50% pullback. I will patiently hold my sell positions until we sweep 4230 and retest 4200. I will start to look out for buy confirms at the retest of 4200 range highs or at deeper demand zones. OPTIMAL TRADE LEVELS 1. 4150 - 4200 buys upon confirm 2. 4030 - 4100 buys upon confirm 3. 4380 - 4430 sells upon confirm 4. Buys invalidated below 3960 FUNDAMENTALS 1. US Iran war still active. Ongoing fragile ceasefire for potential talks and Hormuz deal. Overnight, Iran attacked 2 UAE tankers in the Strait of Hormuz. This can be the beginning of another escalation as the US might want to retaliate. 2. Hormuz still fully closed by Iran.

THURSDAY GOLD REVIEW WHAT DO YOU SEE? 4H TREND = BULLISH (HL 3960, HH 4430) On the 4H, price is in bullish structure after breaking above previous LH(4380). Price has moved 4000 pips in a straight line and is due for a pullback to balance market structure. Price printed a triple top at the 4430 level signalling exhaustion and potential reversal and pullback. Because upside liquidity around the 4430 level has been swept twice, I now expect price to sweep downside liquidity around the 4230 level and a potential retest of the 4200 range top. OPTIMAL TRADE LEVELS 1. 4150 - 4200 buys upon confirm 2. 4030 - 4100 buys upon confirm 3. 4480 - 4430 sells upon confirm 4. Buys invalidated below 3960 FUNDAMENTALS 1. US Iran war still active. Ongoing fragile ceasefire for potential talks and Hormuz deal. Hormuz deal looking very unlikely as Iran demands the US remove blockade and pay war reparations before opening Hormuz. 2. NFP came out at -23k in July with UER down to 4.1%. Not enough new jobs added but also unemployment coming down. 3. CPI Y/Y 3.4% (est 3.4%, prev 3.5%), core Y/Y 2.5% (est 2.5%, prev 2.6%). 4. PPI in focus today.

THURSDAY WEEK 33 TRADE 4 GOLD SELL ENTRY 4405 SL 4460 TP 4150/4200

WEDNESDAY GOLD REVIEW WHAT DO YOU SEE? 4H TREND = BULLISH (HL 3960, HH 4430) On the 4H, price has broken the last LH(4380) and has now entered a bullish structure. Price has moved 4000 pips in a straight line since the 4000 KL bottom, I am looking out for a decent 50% pullback. Yesterday price printed a bearish engulfing candle after sweeping the 4380 LH and I sold Gold targeting downside liquidity. Price might also come back to sweep the 4430 high again but ultimately, we are due for a pullback to balance market structure. My bias now is bullish Gold but I will buying from more optimal discount prices and not buying at the highs. OPTIMAL TRADE LEVELS 1. 4150 - 4180 buys upon confirm 2. 4030 - 4100 buys upon confirm 3. 4480 - 4430 sells upon confirm 4. Buys invalidated below 3960 FUNDAMENTALS 1. US Iran war still active. Ongoing fragile ceasefire for potential talks and Hormuz deal. Hormuz deal looking very unlikely as Iran demands the US remove blockade and pay war reparations before opening Hormuz. 2. NFP came out at -23k in July with UER down to 4.1%. Not enough new jobs added but also unemployment coming down. 3. CPI today.

Tails drive everything in business, investing, trading. It's normal for a lot of trades to be wrong and fail. Most gains will come from a small percentage of the total trades you ever take. Our own failures and setbacks often feels like we're doing something wrong. It's possible we are wrong or just sort of right as often as the pros are. They may have been more right when they were right, but they could have been wrong just as often as you. It's not whether you're right or wrong that's important but how much you make when you're right and how much you lose when you're wrong. You can be wrong half the time and still make a fortune.

The thesis was right and timing was not right. Timing will not always be right but you have to re enter trades if the thesis is still there.

TUESDAY GOLD REVIEW WHAT DO YOU SEE? 4H TREND = BULLISH (HL 3960, HH 4430) On the 4H price is now in bullish structure after closing above the previous LH(4380). Studying the bearish trend from the 4880 LH shows that sellers have strongly defended all LHs(4880, 4750, 4580) by sending price lower after a 50% pullback. Sellers failed to defend the last LH(4360) and buyers were able to break above it showing strong buy momentum. I now expect at least a 50% pullback before entering new buys. I will wait patiently for a retest of 4180 previous high and potentially a sweep of 4150 liquidity for buy confirms. Optimal buy pricing rests between the 4030-4100 range. OPTIMAL TRADE LEVELS 1. 4150 - 4180 buys upon confirm 2. 4030 - 4100 limit buys 3. 4380 sells upon confirm ✅ 4. Buys invalidated below 3960 FUNDAMENTALS 1. US Iran war still active. Ongoing fragile ceasefire for potential talks and Hormuz deal. Hormuz deal looking very unlikely as Iran demands the US ends naval blockade and pay war reparations before opening Hormuz. 2. NFP came out at -23k in July with UER down to 4.1%. Not enough new jobs added but also unemployment coming down. 3. CPI in focus this week.

You don’t lose confidence because of losses. You lose confidence because you don’t trust yourself to follow your own rules. Fix that,and losses stop feeling personal. Confidence comes from keeping promises you made to yourself

Adding to winning trades is an absolute key trait of the successful trader. It reinforces correct behavior. It serves as an antidote to the temptation of wanting to take profit. When I am in a profitable position, I have trained my mind to ask, "How can I make my position bigger?" rather than dwelling on the idea of taking profits. When you're in a winning position, instead of thinking where to get out, why don't you think about where to get in more?

We are not losing money over time because we don't know enough about technicals or the market as a whole. We lose money because we refuse to accept what is right in front of us. One of the greatest writing about trading. Trade what you see.

Trading is a thinking skill, It is a risk taking skill. Not a staring charts contest.

The ability to manipulate reality with your thoughts is forever inaccessible to skeptics, because the only true superpower is belief. In other words, be delusionally optimistic about everything.

We are all going to die so you might as well give it your all. Fvck your fears and bet heavily on yourself and intuition.

Bet Big When Everyone Says Stop

You don’t need more inputs. You don’t need to overload your brain with more information. You need to leave your phone at home and go for a 3-hour walk. Choose one goal. Delete the rest. Work on it every day as a daily habit. Make “do not disturb” your default mode. Operate with present moment awareness, not from the past (depression) or future (anxiety). Be so ambitious that mediocrity becomes your biggest nightmare.

Society is programmed to develop extreme hatred of failure, rejection, stress, and uncertainty. This leads people to give up as soon as things get a little hard. Reality won’t bend to your vision if you give up when it gets hard. Only when it gets hard do you know you’ve made the right decision. The biggest trap is jumping from one goal to another looking for rainbows and unicorns, then giving up right before you get any ROI. This creates a lifetime of frustration. It’s the worst feeling in the world. If you’re relentless and apply all your time and energy to one goal, it’s nearly impossible to lose if you refuse to give up. It won’t be easy but that’s the whole point. Be so committed that your worst-case scenario is still better than average. The goal isn’t to succeed. It’s to commit to your goal and know that whatever happens, it’s the story that matters most.

Training your mind to add to winners is one of the highest developmental edge a trader can attain. Our brains are wired to avoid pain, most traders have not just a pain of loss but also a pain of seeing profits disappear. This is why the majority makes no money trading. As long as your target has not been hit and the market still confirms your bias, you have to add to winners even if a little position. The goal is not to make more money at first, it is to train your mind to not take half or full profits before targets are hit and to enable you develop the balls to bet harder on your convictions. Sometimes you will lose, but when you win by adding to winners and making more, there's no going back from that feeling.