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 25 April 2024
SELL LIMIT Order: $2327.62 Stop Loss: $2337.64 Take Profit 1: $2317.85 Take Profit 2: $2304.86
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 1x SELL LIMIT orders at 38.20%, both stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%
Trade Review For 24 April The price did not retrace far enough to our limit order. Let's try again tomorrow.
April 2024 Trade Results
P&L for the month: -8.75R
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 12 April no.1: -1R 12 April no.2: -1R 15 April no.2: 1.5R 17 April no.1: -1R 17 April no.2: -1R 18 April no.1: -1R 18 April no.2: -1R
The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R