Updated

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!🍀

Trade active

🍀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!🍀

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.

flukefluke_

buymeacoffee: buymeacoffee.com/flukefluke_
Stay lucky!🍀