מעודכן

Gold - Reversal Strategy Long Setup

🍀Overview

I am not a discretionary technical analyst, so I rely on predefined setups rather than subjective chart analysis. I built the rules into a strategy to make the decision-making process more systematic.
This setup occurred before I developed the strategy. I am documenting it retrospectively and will continue to follow the trade until the strategy or I exit the position.

🍀Process

Ticker:
Date: 25/03/2026
Timeframe: Daily
Direction: Long
Strategy: Reversal Strategy
Strategy Overview: Overview: A Reversal Strategy for Trading on the Daily Timeframe
Strategy Chart: Please refer to the 2nd screenshot

Signals

Main signal: RSI crossed above 30, indicating an exit from the oversold zone. This contributed a score of 0.5
Confirmation signal: The NATR Oscillator reached 88.6, exceeding the required threshold of 80. This contributed a score of 0.5

Signal Scoring

Long setup score = main signal score + confirmation signal score = 0.5 + 0.5 = 1.0
Long score threshold: 1.0
The long setup score met the required threshold. The strategy therefore placed a long bracket order.

Risk Management

Reward-to-risk ratio: 4:1
Entry: 4677.9 (the close of the setup candle)
Stop distance: 795.6 (approximately 4x daily ATR)
Target distance: 3182.5 (approximately 16x daily ATR)

Order Management: Bracket order

Limit entry: 4677.9
Market stop: 3882.6
Limit target: 7859.5

Baseline

Assume the worst has already happened: the stop loss has been reached.

🍀Outcome

Trade Execution

The strategy executed the long trade at the open of the following trading day.

Trade Status

Trading: active

Stay lucky!🍀

עסקה פעילה

🍀Overview

The original chart had back-adjustment (B-ADJ) enabled. This update uses B-ADJ off and replaces the previously published Risk Management and Order Management levels.
The strategy uses the setup candle’s daily close as the limit-entry price. With B-ADJ off, that historical closing price will not be retrospectively adjusted when the continuous futures chart switches contracts. A rollover gap may still appear because the new contract can trade at a different price.

Main signal: RSI Signals crossed above 30, indicating an exit from the oversold zone. This contributed a score of 0.5
Confirmation signal: NATR Oscillator reached 88.4, exceeding the required threshold of 80. This contributed a score of 0.5

Signal Scoring

Main signal score = 0.5
Confirmation signal score = 0.5
Long setup score = Main signal score + Confirmation signal score = 0.5 + 0.5 = 1.0
Long score threshold: 1.0
The long setup score met the required threshold. The strategy therefore placed a long bracket order.

Risk Management

Reward-to-risk ratio: 4:1
Entry: 4552.3 (the close of the setup candle)
Stop distance: 795.4 (approximately 4x daily ATR)
Target distance: 3181.7 (approximately 16x daily ATR)

Order Management: Bracket order

Limit entry: 4552.3
Market stop: 3756.9
Limit target: 7734.0

Baseline

Assume the worst has already happened: the stop loss has been reached. Everything else is upside.

🍀Outcome

Trade Execution

25/03/2026: The daily candle closed, triggering the strategy to place a long bracket order.
26/03/2026: Price reached the trigger level, and the long entry filled.

Trade Status

Trading: active

P.S. I’m currently applying this strategy to the Nasdaq-100. Let me know which stock you’d like me to look at next.

Stay lucky!🍀

flukefluke_

buymeacoffee: buymeacoffee.com/flukefluke_
Stay lucky!🍀

כתב ויתור

המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.

flukefluke_

buymeacoffee: buymeacoffee.com/flukefluke_
Stay lucky!🍀