Trades Idea for Wednesday 01 May 2024

Happy Holiday in Singapore

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 01 May 2024

SELL LIMIT Order: $2316.86
Stop Loss: $2336.66
Take Profit 1: $2297.30
Take Profit 2: $2271.30

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 30 April 2023
Our limit order almost triggered in, we could have won a full trade with +1.6x! Nonetheless, at least our direction bias was correct. Let's try again tomorrow!

May 2024 Trade Results

P&L for the month: 0R

01 May: Pending

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