Trades Idea for Tuesday 09 April 2024

4月8日

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) Signal For 09 April 2024
Trade Idea 1
BUY LIMIT Order: $2328.57
Stop Loss: $2302.73
Take Profit 1: $2354.16
Take Profit 2: $2368.08

Trade Idea 2
BUY LIMIT Order: $2322.53
Stop Loss: $2302.73
Take Profit 1: $2354.16
Take Profit 2: $2368.08

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 below 21 EMA, hence our bias is to SELL. We will place 2x SELL 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 08 April 2024
Although my direction bias was correct, the price did not retrace enough to touch my limit order so no trade at all. We could have pocketed +1.25R! Nonetheless, let's follow our mechanical strategy and try again tomorrow.

April 2024 Trade Results

P&L for the month: -0.25R

02 April no.1: +1.25R
04 April no.1: +0.5R
05 April no.1: -1R
05 April no.2: -1R

The year 2024 Trade Results
January: +2.6R
February: +3.35R
March: -2.90R