DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose.
Gold/USD (XAUUSD) Ideas For 12 April 2024 Trade Idea 1 BUY LIMIT Order: $2351.75 Stop Loss: $2325.49 Take Profit 1: $2377.76 Take Profit 2: $2391.90
Trade Idea 2 BUY LIMIT Order: $2345.61 Stop Loss: $2325.49 Take Profit 1: $2377.76 Take Profit 2: $2391.90
Risk per trade: 0.5%. MT4/5 trade expiration: Today
100% mechanical strategy, zero analysis, zero guesswork. Rise and repeat day in and day out.
Reason The first-hour candlestick closes above 21 EMA, hence our bias is to BUY. We will place 2x BUY LIMIT orders at 50% and 38.20%, both stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%
Trade Review For 11 April 2024 Unfortunately, we've hit a losing streak. Our trades began profitably with minimal drawdown, but the price reversed after the high-impact data from the US. Despite this setback, I'm not discouraged. We won't lose everything. Let's regroup and try again tomorrow.
April 2024 Trade Results
P&L for the month: -4.25R
02 April no.1: +1.25R 04 April no.1: +0.5R 05 April no.1: -1R 05 April no.2: -1R 10 April no.1: -1R 10 April no.2: -1R 11 April no.1: -1R 11 April no.2: -1R
The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R