Trades Idea for Tuesday 23 April 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 23 April 2024
SELL LIMIT Order: $2366.32
Stop Loss: $2392.32
Take Profit 1: $2340.58
Take Profit 2: $2306.34
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 50% and 38.20%, both stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%
Trade Review For 22 April
The price did not retrace at all and head straight down. Therefore, our limit order did not get triggered. Let's try again tomorrow.
April 2024 Trade Results
P&L for the month: -10.25R
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
12 April no.1: -1R
12 April no.2: -1R
15 April no.2: Running
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
