Ichi what!? You sticking with the statistical framework you had before right? I think that was a very good framework to work with.
Well, there was a solid sell signal in Gold at 1687 on the monthly A down. That was over 100 handles ago. That trade offered no heat.
Long 95.42. stop loss 95.29. target 96.30 area. Another long off maverick monthly A down level off 95.38.
From what I see, King you look to be more of a scalper. So you are doing all of this while reading the tape and taking your little chunks. Just a different way of looking at things relative to most people on this thread.
It doesn't matter the time frame. There have been countless weekly A downs and intra-day A downs. And plenty of failed weekly and intra-day A ups to fade against the monthly and weekly A downs. The number of trades over the last month or two with the trend probably number over 30. Fading momentum is a very stressful way to trade regardless of whether or not you make money.