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S&P500 - Week 35 Recap and Takeaways This week was full of twists and surprises in the stock market. We managed to execute three trades, all of which ended in profit, but there were some key lessons to carry forward into next week. Let's dive into the rollercoaster that was Week 35. 1. The Bulls Lost the Fight for a Breakout Our initial Plan A was geared toward a bullish breakout above the blue resistance level, with hopes of reaching a new all-time high (ATH). However, the market had other plans. As soon as the index dipped below the VWAPs with strong volume, our Plan B automatically kicked in. 2. Trade 1 - Initiating Plan B As we outlined last weekend, our backup plan was to look for a 4-star bearish setup between the key zones (blue and green). The idea was to enter a short trade if the RVOL was greater than 3 and the market dipped below VWAP1 and VWAP2, provided the risk/reward (R/R) ratio was in our favor at a minimum of 1.7. This setup unfolded perfectly on Monday. We entered the trade, but as the price paused at an R/R ratio of 1.5, we decided to take 50% off the table, move our SL to the entry level, and let the market decide the rest. Although we aimed for a TP2 at an R/R ratio of 2.5, the price didn't drop that low and started a comeback later in the day. When the intraday downtrend broke near the end of the session, we closed Trade 1, netting a realized R/R ratio (r) of 0.885. Given the shaky conditions, we were happy to walk away with clear signals and a modest profit. 3. Understanding R/R Ratio(e) vs. R/R Ratio(r) Both estimated (e) and realized (r) R/R ratios are crucial in trading. Success in trading isn't just about estimating potential gains but also about tracking what you actually realize. This distinction is vital, especially during back-testing, as it separates profitable traders from those who break even or worse. 4. Trade 2 - The Day Before NVIDIA’s Quarterly Report On Wednesday, NVIDIA released its quarterly report after the NY exchange closed, and the results fell short of market expectations. The day started below VWAP with high RVOL, which matched our criteria for another short trade. We again set our TP in two stages—TP1 at an R/R ratio of 1.5 and TP2 at 2.5, as the market confirmed a new intraday downtrend. This trade played out perfectly, with both the estimated and realized R/R ratios matching. Some might wonder why we closed the trade even with strong momentum. The answer lies in the green long-term bullish trend line. We placed our final TP just above this line, anticipating support in that area, which is exactly what happened. The market bounced back just before the end of the day, and we closed out the trade before NVIDIA’s report was released. The risk of holding on for more was simply too high. 5. Trade 3 - The Day After NVIDIA After NVIDIA’s report, the S&P 500 dipped below the long-term trend line during the Asian session, but by the time the London session began, the price was fighting back. With RVOL greater than 3 and the index reclaiming VWAP1 and VWAP2, we entered another short trade with an estimated R/R ratio greater than 1.7. This trade also hit both of our TPs, and we exited just as the market approached the blue resistance zone. 6. Were There More Setups This Week As we reviewed the week, we found that no additional trades aligned with our strategy. On Tuesday, the market bounced back from VWAP with high RVOL but didn’t offer a favorable R/R ratio. On Thursday, RVOL was below 3 during a potential setup, and on Friday, despite strong RVOL, the R/R ratio was again too low. Later on Friday, the market surged, but low RVOL kept us on the sidelines. Conclusion The key takeaway from this week is the importance of patience and discipline. It’s crucial to sit on your hands when not all your rules are checked. Even if the trade you didn’t take would have worked out, letting your ego guide your trading decisions can be a trap. Your ego might remember that one missed opportunity and push you to take the next trade without all your criteria being met, but that’s a recipe for disaster. Sticking to your trading rules is like maintaining trust in a relationship. Ignoring your rules is akin to cheating; it might be thrilling at first, but it will eventually lead to more pain than gain. So, stay calm, trust your process, and let the market create the trade for you, not the other way around. We hope this update adds real value as you continue to navigate the markets this week. Stay disciplined, patient, and focused on making smart, strategic trades! Can’t Get Enough? Don’t Miss Out! Subscribe to stay updated on all our latest trading ideas and strategies. Share your thoughts in the comments, and let’s build a community of traders who are committed to learning, growing, and succeeding together. Your journey to market mastery is just beginning, and we’re here to guide you every step of the way! What You’ll Learn: - In-depth market analysis - Proven trading setups - Effective risk management techniques - The importance of discipline in trading - How to adapt to changing market conditions - And much more!... Best wishes, TradingMasteryHub
OANDA:SPX500USD
by TradingMasteryHub
e-Learning with the TradingMasteryHub - 3 Strategies You Need Welcome to the TradingMasteryHub Education Series! Are you ready to take your trading to the next level? Join us for another exciting lesson in our 10-part series where we dive deep into strategies that can transform your trading game. Whether you're a beginner or looking to refine your strategy, these lessons are designed to guide you on your journey to mastering the markets. Three Proven Strategies That Can Make You a Fortune, When You Follow Them with Discipline! In trading, having the right strategy is crucial, but even the best strategy won’t work if you don’t stick to it. Today, we’re uncovering three live-proven strategies that can potentially lead to massive gains—when executed with discipline and precision. 1. The Trend-Following Strategy: Ride the Waves Trend-following is all about identifying and capitalising on sustained market movements. This strategy involves buying when the market is in an uptrend and selling when it’s in a downtrend. The key is to use indicators like moving averages and the ADX (Average Directional Index) to confirm the strength of the trend. The beauty of trend-following lies in its simplicity. By aligning your trades with the market's momentum, you increase your chances of catching big moves. But remember, patience is key. Wait for clear signals before entering a trade, and always protect your position with a well-placed stop-loss to minimise risk. 2. The Breakout Strategy: Capture Explosive Moves Breakout trading focuses on identifying price levels where the market has repeatedly struggled to break through—these are your key support and resistance levels. When the price finally breaks out of these levels, it often leads to significant moves. To execute this strategy, use tools like the Volume-Weighted Average Price (VWAP) and Relative Volume (RVOL) to confirm the strength of the breakout. A high RVOL indicates that the breakout is supported by strong market participation, increasing the likelihood of a sustained move. The trick here is to act quickly but carefully, entering the trade as soon as the breakout is confirmed and setting your stop-loss just below the breakout level to protect against false moves. 3. The Mean Reversion Strategy: Profit from Market Extremes Mean reversion strategies work on the principle that prices eventually return to their average or "mean" after extreme moves. This approach is particularly effective in range-bound markets where prices oscillate between defined levels. To implement this strategy, you’ll need indicators like the RSI (Relative Strength Index) or Bollinger Bands to identify overbought and oversold conditions. When the market shows signs of exhaustion at these extremes, you can enter a trade expecting a reversal back toward the mean. The key to success here is timing—enter too early, and you might get caught in a continued move against you; enter too late, and the best part of the move may already be over. The Key to Success: Discipline and Consistency While these strategies have the potential to deliver significant returns, they only work if you follow them with discipline. That means sticking to your trading plan, setting realistic profit targets, and most importantly, managing your risk. Remember, no strategy is foolproof—losses are part of the game. The goal is to stay consistent, manage your emotions, and keep learning from each trade, win or lose. Conclusion and Recommendation These three strategies—trend-following, breakout trading, and mean reversion—are time-tested and can be incredibly profitable when applied correctly. But success in trading doesn’t come from the strategy alone; it comes from the discipline to follow your plan, manage your risk, and stay calm under pressure. As you incorporate these strategies into your trading routine, focus on maintaining a strong risk/reward ratio and a consistent approach. Over time, this discipline will build the confidence and experience you need to potentially turn these strategies into a fortune. Can’t Get Enough? Don't Miss Out! Subscribe, share, and engage with us in the comments. This is the start of a supportive trading community—built by traders, for traders! Join us on the journey to market mastery, where we grow, learn, and succeed together. What You'll Learn: - Proven trading strategies - How to confirm trade setups - Risk management and execution - And much more!... Best wishes, TradingMasteryHub
OANDA:DE30EUREducation
by TradingMasteryHub
8 Key qualities of a good traderA good trader often possesses a combination of skills, discipline, and mindset that sets them apart. Here are eight key qualities: 1. **Discipline**: A good trader sticks to a well-defined trading plan and doesn't let emotions drive their decisions. They consistently follow their strategies, whether in profit or loss, avoiding impulsive actions. 2. **Patience**: Successful traders understand that good trades don't happen every day. They patiently wait for the right opportunities that align with their trading strategy, avoiding the temptation to chase the market. 3. **Courage**: Trading often involves making difficult decisions under uncertainty. A good trader has the courage to take calculated risks, enter trades that align with their analysis, and stay in positions even when the market is volatile, as long as their strategy supports it. 4. **Confidence**: Confidence in their trading strategy and decisions is crucial for a trader. A good trader believes in their analysis and is not easily swayed by market noise or the opinions of others. This confidence helps them stick to their plan even in challenging situations. 5. **Consistency**: Consistency in execution is key to long-term trading success. A good trader applies their strategy consistently across different market conditions, refining it over time but maintaining a steady approach to achieve reliable results. 6. **Analytical Skills**: A strong ability to analyse market data, charts, and trends is essential. Good traders can interpret technical indicators, fundamental data, and market sentiment to make informed decisions. 7. **Risk Management**: Managing risk is crucial in trading. Good traders set stop-loss orders, position sizes, and risk-reward ratios to protect their capital. They understand that no trade is guaranteed, so they always prepare for potential losses. 8. **Adaptability**: Markets are constantly changing, and good traders can adapt to new conditions. They update their strategies as needed, learn from mistakes, and stay informed about market developments to remain competitive. These qualities, combined with experience and continuous learning, help traders succeed in the long run. Many happy trading years ahead.........NicheFX.
OANDA:NAS100USDEducation
by Costy13
2
4. e-Learning with the TradingMasteryHub - Risk Management 1x1🚀 Welcome to the TradingMasteryHub Education Series! 📚 Are you looking to level up your trading game? Join us for the next 10 lessons as we dive deep into essential trading concepts that will help you grow your knowledge and sharpen your skills. Whether you're a beginner or looking to refine your strategy, these lessons are designed to guide you on your journey to better understand the markets. 📊 Manage Your Risk with These Three Simple Methods! In trading, managing risk effectively is crucial to long-term success. Even the best strategies can fail if risk management is ignored. In this session, we'll explore three key methods that every trader should master to protect their capital and stay consistently profitable. 1. Position Sizing: Trade Smart, Trade Safe Position sizing is the foundation of risk management. I always set a daily and weekly stop-loss limit to ensure that I can recover mentally and financially from any losses. My daily stop-loss is capped at 5-10% of my entire trading account, and I never risk more than 30% of that daily limit on a single trade. Each trade's risk allocation depends on the quality of the opportunity: - 5-star setups: Up to 30% of the daily stop-loss. - 4-star setups: Up to 15% of the daily stop-loss. - 3-star setups: Up to 5% of the daily stop-loss. I only trade 4-star setups and above to avoid overtrading and the temptation to jump into random market opportunities. This disciplined approach ensures that I’m only putting my capital at risk when the odds are strongly in my favor. 2. Stop-Loss Orders: Protect Your Trades with Precision When setting stop-losses, I place them at strategic points highlighted by the market, such as significant support or resistance levels. To avoid premature stop-outs due to market noise, I set my stop-loss beyond the spread and the market’s natural fluctuations. For example, if the FDAX is in an uptrend with the last higher low at 17,000 points and the spread is 15 points, I would set my stop-loss at 16,967 points (17,000 - 15 - 17). This ensures that my risk/reward ratio (R/R-ratio) is correctly calculated. Before entering any trade, I carefully assess whether the potential upside justifies the risk. If the R/R-ratio isn’t favorable, even for a 5-star setup, I might avoid the trade to protect my capital. 3. Diversification: Tailor Your Strategy to Your Comfort Level Diversification is another critical aspect of risk management. As a trader, you can choose to focus on a handful of ticker symbols or spread your risk across a broader range of assets. The first approach, trading a few instruments, is easier to manage and ideal for strategies like market profile trading in FX or indices. Alternatively, you might opt for a more diversified portfolio, trading up to 50 different stocks at once. In this strategy, each trade only represents a small fraction of your total risk capital—such as your daily stop-loss. This minimizes the emotional strain of trading, as each individual trade carries a smaller risk. With a solid strategy, you can manage all trades effectively, spreading your approach across calls, puts, different markets, industries, and volatility levels. However, this approach is typically better suited for larger accounts, where spread costs won’t significantly impact your profits. 🔚 Conclusion and Recommendation Risk management isn’t just about protecting your capital; it’s about maintaining the psychological stability needed to trade consistently. By mastering position sizing, setting precise stop-loss orders, and choosing the right diversification strategy, you can navigate the markets with confidence and discipline. Remember, successful trading isn’t just about finding the right opportunities—it’s about managing those opportunities wisely to ensure long-term profitability. By focusing on high-quality trade setups, calculating your risks accurately, and diversifying appropriately, you’ll find that you can maintain your composure even during losing streaks. This approach not only protects your account but also keeps your mind clear and your emotions in check, paving the way for sustained success. --- 🔥 Can’t Get Enough? Don't Miss Out! Subscribe, share, and engage with us in the comments. This is the start of a supportive trading community—built by traders, for traders! 🚀 Join us on the journey to market mastery, where we grow, learn, and succeed together. 💪 💡 What You'll Learn: - The fundamentals of trading - Key technical and sentiment indicators - Risk management strategies - And much more!... Best wishes, TradingMasteryHub
NASDAQ:AMDEducation
by TradingMasteryHub
GOLD Trades Idea for Wednesday 15 July 2024DISCLAIMER 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 15 July 2024 SELL LIMIT Order: $2408.08 Stop Loss: $2418.56 Take Profit 1: $2397.84 Take Profit 2: $2384.23 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%, stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%. Trade Review For 12 July 2024 Manage to reach take profit 1! Shifted stop loss to breakeven to reduce risk. Let's continue to trade! P&L for the month: +6.3R 01 July: +0.5R 02 July: +0.5R 05 July: +1.6R 08 July: +1.6R 11 July: +1.6R 12 July: +0.5R & Running The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R May: +0.2R June: -0.2R
OANDA:XAUUSDShort
by Barry_Games_Trading
GOLD Trades Idea for Wednesday 26 June 2024DISCLAIMER 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 26 June 2024 SELL LIMIT Order: $2328.92 Stop Loss: $2337.41 Take Profit 1: $2320.68 Take Profit 2: $2309.72 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%, stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%. Trade Review For 25 June 2023 This trade almost ends in full profit! But nonetheless, I am happy with the partial profit as well. P&L for the month: +0.8R 03 June: +0.5R 04 June: +1.6R 05 June: -1R 07 June: -1R 14 June: -1R 17 June: +1.6R 18 June: -1R 20 June: +1.6R 24 June: -1R 25 June: +0.5R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R May: +0.2R
OANDA:XAUUSDShort
by Barry_Games_Trading
GOLD Trades Idea for Friday 21 June 2024DISCLAIMER 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 21 June 2024 BUY LIMIT Order: $2342.21 Stop Loss: $2327.52 Take Profit 1: $2356.66 Take Profit 2: $2375.88 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 1x BUY LIMIT orders at 38.20%, stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%. Trade Review For 17 June 2024 This trade managed to reach the final take profit! Trade Review For 20 June 2024 Finally! This trade reaches both take profit levels within short few hours! To be honest, I was lucky that I managed to get into this trade before the pump. P&L for the month: +1.3R 03 June: +0.5R 04 June: +1.6R 05 June: -1R 07 June: -1R 14 June: -1R 17 June: +1.6R 18 June: -1R 20 June: +1.6R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R May: +0.2R
OANDA:XAUUSDLong
by Barry_Games_Trading
GOLD Trades Idea for Tuesday 19 June 2024DISCLAIMER 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 19 June 2024 BUY LIMIT Order: $2316.78 Stop Loss: $2306.40 Take Profit 1: $2326.91 Take Profit 2: $2340.38 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 1x BUY LIMIT orders at 38.20%, stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%. Trade Review For 17 June 2024 Our trade managed to hit take profit 1! I shifted stop loss to break even. This trade is risk-free now! Trade Review For 18 June 2024 Unfortunately, our trade ended in a loss before the price went back up to our take profit levels! Let's try again tomorrow! P&L for the month: -1.4R 03 June: +0.5R 04 June: +1.6R 05 June: -1R 07 June: -1R 14 June: -1R 17 June: +0.5R, running 18 June: -1R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R May: +0.2R
OANDA:XAUUSDLong
by Barry_Games_Trading
GOLD Trades Idea for Tuesday 18 June 2024DISCLAIMER 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 18 June 2024 BUY LIMIT Order: $2318.66 Stop Loss: $2309.77 Take Profit 1: $2327.31 Take Profit 2: $2338.80 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 1x BUY LIMIT orders at 38.20%, stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%. Trade Review For 17 June 2024 Our trade got triggered late at night, let's continue to hold until the price reaches either stop loss or take profit 1! P&L for the month: -0.9R 03 June: +0.5R 04 June: +1.6R 05 June: -1R 07 June: -1R 14 June: -1R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R May: +0.2R
OANDA:XAUUSDLong
by Barry_Games_Trading
GOLD Trades Idea for Monday 17 June 2024Apologies for the short break, I was away on holiday. My trade ideas were still active in the blog. 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 17 June 2024 BUY LIMIT Order: $2315.02 Stop Loss: $2301.36 Take Profit 1: $2328.44 Take Profit 2: $2346.28 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 1x BUY 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 14 June 2024 Unfortunately, this trade ended in a loss. Let's try again tomorrow! P&L for the month: -0.9R 03 June: +0.5R 04 June: +1.6R 05 June: -1R 07 June: -1R 14 June: -1R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R May: +0.2R
OANDA:XAUUSDLong
by Barry_Games_Trading
GOLD Trades Idea for Monday 10 June 2024DISCLAIMER 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 10 June 2024 SELL LIMIT Order: $2349.22 Stop Loss: $2388.04 Take Profit 1: $2310.66 Take Profit 2: $2259.37 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 07 June 2024 The US market data causes our gold to crash all the way, one of the largest movements from the start of the year. Resulted in a loss. Let's try again tomorrow! P&L for the month: +0.1R 03 June: +0.5R 04 June: +1.6R 05 June: -1R 07 June: -1R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R May: +0.2R
OANDA:XAUUSDShort
by Barry_Games_Trading
What Traders and Rock Climbers Have in Common!This post is inspired by @TradingView's rebranding in 2021 and the recent Leap competition. At first glance, trading and rock climbing might seem worlds apart. One involves analyzing market trends, while the other requires physical strength and agility. However, both pursuits share surprising similarities, highlighting unique skills and mindsets. Here’s a look at what traders and rock climbers have in common. ⚙️ Risk Management: Both traders and rock climbers excel at managing risk. Traders use strategies like stop-loss orders and portfolio diversification to protect their capital. Rock climbers assess risks, use safety equipment, and plan routes to avoid danger. Effective risk management is crucial in both fields to prevent catastrophic outcomes. 💡Mental Toughness: Traders face market fluctuations and must make quick decisions under pressure. Rock climbers need to stay focused and composed while navigating challenging routes. Both activities demand mental resilience to overcome fear, maintain focus, and make calculated decisions. 📊 Strategic Planning: Success in trading and rock climbing involves strategic planning. Traders develop strategies based on market analysis and economic indicators, while rock climbers meticulously plan their ascents, studying routes and assessing conditions. Strategic planning helps achieve goals efficiently in both areas. ⚖️ Adaptability: Adaptability is key for both traders and rock climbers. Market conditions can change rapidly, requiring traders to adjust their strategies. Rock climbers face changing conditions like weather and rock quality, adapting their techniques to overcome obstacles and reach their objectives. 📜 Continuous Learning: Both traders and rock climbers are committed to continuous learning. Traders stay updated on market trends and new tools, while rock climbers seek to improve their skills and stay informed about gear and safety practices. The pursuit of knowledge drives success in both fields. 🧘‍♂️ Focus on Execution: Execution is crucial in trading and rock climbing. Traders need precision, timing, and discipline to execute trades effectively. Rock climbers must execute their moves with precision and confidence to progress safely. The ability to execute under pressure is essential for success in both activities. 🔄Passion and Commitment: Passion and commitment are integral to both trading and rock climbing. Traders have a deep interest in financial markets, while rock climbers are driven by their love for the sport and adventure. This passion fuels their dedication, driving them to invest time and effort into their pursuits. 🧗‍♀️ Conclusion: Despite their apparent differences, trading and rock climbing share many commonalities. Both require effective risk management, mental toughness, strategic planning, adaptability, continuous learning, focus on execution, and a deep-seated passion. Recognizing these parallels can provide valuable insights and inspiration for those engaged in either pursuit, highlighting the universal qualities that drive success in diverse fields. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Education
by TheSignalyst
10
GOLD Trades Idea for Friday 07 June 2024DISCLAIMER 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 07 June 2024 BUY LIMIT Order: $2363.09 Stop Loss: $2353.25 Take Profit 1: $2372.68 Take Profit 2: $2385.43 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 1x BUY 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 04 June 2024 We managed to reach both take profit! I hope we can continue to find good trade again this month! P&L for the month: +0.6R 03 June: +0.5R 04 June: +1.6R 05 June: -1R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R May: +0.2R
OANDA:XAUUSDLong
by Barry_Games_Trading
GOLD Trades Idea for Thursday 06 June 2024DISCLAIMER 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 06 June 2024 BUY LIMIT Order: $2337.98 Stop Loss: $2325.72 Take Profit 1: $2350.00 Take Profit 2: $2365.98 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 1x BUY 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 03 June 2024 We managed to hit take profit 1 but it ends at break even. Let's continue tomorrow! Trade Review For 04 June 2024 We managed to reach take profit 1 as well, now this trade is running risk-free! Let's continue to hold! Trade Review For 05 June 2024 Our first losing trade of the month. We almost hit our take profit 1... Let's try again tomorrow! P&L for the month: +0R 03 June: +0.5R 04 June: +0.5R & running 05 June: -1R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R May: +0.2R
OANDA:XAUUSDLong
by Barry_Games_Trading
GOLD Trades Idea for Wednesday 05 June 2024DISCLAIMER 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 05 June 2024 SELL LIMIT Order: $2338.67 Stop Loss: $2353.14 Take Profit 1: $2324.46 Take Profit 2: $2305.55 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 03 June 2024 We managed to hit take profit 1! Now this trade is running risk-free. Continue to hold until either it reaches take profit 2 or stop loss at break even. Trade Review For 04 June 2024 We manage to trigger this trade, let's continue to hold until either it reaches take profit or stop loss. P&L for the month: +0.5R 03 June: +0.5R 04 June: Running The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R May: +0.2R
OANDA:XAUUSDShort
by Barry_Games_Trading
GOLD Trades Idea for Tuesday 04 June 2024DISCLAIMER 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 04 June 2024 BUY LIMIT Order: $2330.07 Stop Loss: $2314.55 Take Profit 1: $2325.34 Take Profit 2: $2365.64 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 1x BUY 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 03 June 2024 Our trade got trigger in, let's hold the trade until either price reaches stop loss or take profit. P&L for the month: 0R 03 June: Running The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R May: +0.2R
OANDA:XAUUSDLong
by Barry_Games_Trading
GOLD Trades Idea for Friday 03 June 2024DISCLAIMER 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 03 June 2024 SELL LIMIT Order: $2344.78 Stop Loss: $2359.98 Take Profit 1: $2329.83 Take Profit 2: $2309.95 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 31 May 2024 Unfortunately, our Friday trade resulted in a loss, ending the month with a small profit. I will take it as a break even. Let's try again tomorrow! P&L for the month: +0.2R 01 May: +0.5R 02 May: +0.5R 03 May: +0.5R 06 May: +1.6R 09 May: +0.5R 13 May: -1R 14 May: -1R 17 May: -1R 21 May: -1R 22 May: +1.6R 28 May: +0.5R 29 May: -1R 30 May: +0.5R 31 May: -1R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R May: +0.2R
OANDA:XAUUSDShort
by Barry_Games_Trading
GOLD Trades Idea for Friday 31 May 2024DISCLAIMER 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 31 May 2024 BUY LIMIT Order: $2333.83 Stop Loss: $2322.41 Take Profit 1: $2345.00 Take Profit 2: $2359.86 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 above 21 EMA, hence our bias is to BUY. We will place 1x BUY 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 May 2024 Our trade got triggered during the New York session. And we manage to hit take profit 1, let's continue to hold until take profit 2! I shifted stop loss to break even to lower risk. P&L for the month: +1.2R 01 May: +0.5R 02 May: +0.5R 03 May: +0.5R 06 May: +1.6R 09 May: +0.5R 13 May: -1R 14 May: -1R 17 May: -1R 21 May: -1R 22 May: +1.6R 28 May: +0.5R 29 May: -1R 30 May: +0.5R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R
OANDA:XAUUSDLong
by Barry_Games_Trading
GOLD Trades Idea for Thursday 30 May 2024DISCLAIMER 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 30 May 2024 SELL LIMIT Order: $2351.27 Stop Loss: $2361.86 Take Profit 1: $2340.93 Take Profit 2: $2327.18 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 28 May 2024 We didn't hit full take profit and got stopped at break even. Let's try again! Trade Review For 29 May 2023 Unfortunately, this trade heads straight to loss almost immediately, let's try again tomorrow! P&L for the month: +0.7R 01 May: +0.5R 02 May: +0.5R 03 May: +0.5R 06 May: +1.6R 09 May: +0.5R 13 May: -1R 14 May: -1R 17 May: -1R 21 May: -1R 22 May: +1.6R 28 May: +0.5R 29 May: -1R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R
OANDA:XAUUSDShort
by Barry_Games_Trading
GOLD Trades Idea for Wednesday 29 May 2024DISCLAIMER 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 29 May 2024 BUY LIMIT Order: $2349.43 Stop Loss: $2340.06 Take Profit 1: $2358.54 Take Profit 2: $2370.67 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 1x BUY 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 28 May 2024 We managed to hit take profit 1! Shifted stop loss to break even and hope to reach final take profit 2! P&L for the month: +1.7R 01 May: +0.5R 02 May: +0.5R 03 May: +0.5R 06 May: +1.6R 09 May: +0.5R 13 May: -1R 14 May: -1R 17 May: -1R 21 May: -1R 22 May: +1.6R 28 May: +0.5R & Running The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R
OANDA:XAUUSDLong
by Barry_Games_Trading
GOLD Trades Idea for Tuesday 28 May 2024DISCLAIMER 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 28 May 2024 BUY LIMIT Order: $2342.32 Stop Loss: $2332.04 Take Profit 1: $2352.36 Take Profit 2: $2365.71 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 1x BUY 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 27 May 2024 Our limit order did not get triggered in. Let's try again today! P&L for the month: +1.2R 01 May: +0.5R 02 May: +0.5R 03 May: +0.5R 06 May: +1.6R 09 May: +0.5R 13 May: -1R 14 May: -1R 17 May: -1R 21 May: -1R 22 May: +1.6R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R
OANDA:XAUUSDLong
by Barry_Games_Trading
GOLD Trades Idea for Monday 27 May 2024DISCLAIMER 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 27 May 2024 BUY LIMIT Order: $2333.90 Stop Loss: $2325.22 Take Profit 1: $2342.33 Take Profit 2: $2353.54 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 1x BUY 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 May 2024 Our limit order did not get triggered in. Let's try again today! P&L for the month: +1.2R 01 May: +0.5R 02 May: +0.5R 03 May: +0.5R 06 May: +1.6R 09 May: +0.5R 13 May: -1R 14 May: -1R 17 May: -1R 21 May: -1R 22 May: +1.6R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R
OANDA:XAUUSDLong
by Barry_Games_Trading
GOLD Trades Idea for Friday 24 May 2024DISCLAIMER 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 24 May 2024 SELL LIMIT Order: $2362.10 Stop Loss: $2834.04 Take Profit 1: $2340.42 Take Profit 2: $2311.58 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 23 May 2023 Our limit order did not get triggered in. Let's try again today! P&L for the month: +1.2R 01 May: +0.5R 02 May: +0.5R 03 May: +0.5R 06 May: +1.6R 09 May: +0.5R 13 May: -1R 14 May: -1R 17 May: -1R 21 May: -1R 22 May: +1.6R The year 2024 Trade Results January: +2.6R February: -1.3R March: +0.7R April: +4.10R
OANDA:XAUUSDShort
by Barry_Games_Trading