Get started

Mechanicaltradingsystem

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
GOLD Trades Idea for Thursday 23 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 23 May 2024 SELL LIMIT Order: $2406.90 Stop Loss: $2426.86 Take Profit 1: $2387.18 Take Profit 2: $2360.95 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 22 May 2023 We captured a full win today! Our limit order was triggered, and the price quickly reached our first take profit target early in the day. The price continues to push downward to our final take profit! 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
GOLD Trades Idea for Wednesday 22 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 22 May 2024 SELL LIMIT Order: $2423.36 Stop Loss: $2434.00 Take Profit 1: $2412.73 Take Profit 2: $2398.59 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 21 May 2023 Unfortunately, our trade headed to stop loss right after triggering our limit order before reversing back. This is the unpredictable side of trading, let's try again tomorrow. P&L for the month: -0.4R 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 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 Tuesday 21 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 21 May 2024 BUY LIMIT Order: $2423.68 Stop Loss: $2407.09 Take Profit 1: $2440.03 Take Profit 2: $2461.76 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 20 May 2023 The price pushes higher before heading back down for a retracement. But the retracement is not strong enough to hit our limit order, hence no order for today. Let's try again tomorrow! P&L for the month: +0.6R 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 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 20 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 20 May 2024 BUY LIMIT Order: $2392.65 Stop Loss: $2373.77 Take Profit 1: $2411.28 Take Profit 2: $2436.06 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 17 May 2023 Our trade resulted in a loss. The price had an initial favourable movement but eventually went into loss. Let's try again tomorrow! P&L for the month: +0.6R 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 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 17 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 17 May 2024 SELL LIMIT Order: $2387.39 Stop Loss: $2397.77 Take Profit 1: $2377.27 Take Profit 2: $2363.80 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 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 16 May 2023 We did not trigger our limit order. No trade for Thursday. Let's continue and try again tomorrow! P&L for the month: +1.6R 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 The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R April: -7.75R
OANDA:XAUUSDShort
by Barry_Games_Trading
GOLD Trades Idea for Thursday 16 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 16 May 2024 BUY LIMIT Order: $2366.58 Stop Loss: $2351.67 Take Profit 1: $2381.25 Take Profit 2: $2400.76 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 May 2024 This trade resulted in a loss, we did get some initial reaction around our entry but the price failed to continue the downtrend. Let's try again tomorrow! Trade Review For 15 May 2023 We did not trigger our limit order. No trade for Wednesday. Let's continue and try again tomorrow! P&L for the month: +1.6R 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 The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R April: -7.75R
OANDA:XAUUSDLong
by Barry_Games_Trading
GOLD Trades Idea for Wednesday 15 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 15 May 2024 BUY LIMIT Order: $2344.37 Stop Loss: $2334.64 Take Profit 1: $2353.85 Take Profit 2: $2366.45 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 May 2024 We managed to trigger our limit order during high-impact market data. Let's hold until either take profit 1 or stop loss. P&L for the month: +2.6R 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: Pending The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R April: -7.75R
OANDA:XAUUSDLong
by Barry_Games_Trading
GOLD Trades Idea for Tuesday 14 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 14 May 2024 SELL LIMIT Order: $2352.16 Stop Loss: $2364.80 Take Profit 1: $2339.77 Take Profit 2: $2323.28 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 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 13 May 2024 Our first loss for the week, but this is completely normal and is part and parcel of the trading world. As long as we adhere to good risk management practices by risking a small amount and ensuring that our wins outweigh our losses, we can be profitable in the long run. Let's regroup and approach tomorrow's trading with renewed focus and determination! May 2024 Trade Results P&L for the month: +2.6R 01 May: +0.5R 02 May: +0.5R 03 May: +0.5R 06 May: +1.6R 09 May: +0.5R 13 May: -1R The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R April: -7.75R
OANDA:XAUUSDShort
by Barry_Games_Trading
GOLD Trades Idea for Monday 13 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 13 May 2024 BUY LIMIT Order: $2358.02 Stop Loss: $2345.07 Take Profit 1: $2370.72 Take Profit 2: $2387.60 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 10 May 2024 Gold continued to push higher and did not trigger our limit order. Let's try again tomorrow! May 2024 Trade Results P&L for the month: +3.6R 01 May: +0.5R 02 May: +0.5R 03 May: +0.5R 06 May: +1.6R 09 May: +0.5R The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R April: -7.75R
OANDA:XAUUSDLong
by Barry_Games_Trading
GOLD Trades Idea for Friday 10 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 10 May 2024 BUY LIMIT Order: $2322.16 Stop Loss: $2306.41 Take Profit 1: $2337.67 Take Profit 2: $2358.29 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 06 May 2024 This trade finally hit our second take profit level after holding it for a few days! Finally a decent good profit after so many days of breakeven! Hope you can follow my trades too! Trade Review For 09 May 2023 Fortunately, our trade managed to hit take profit 1 before reversing back to the upside! Took profit and shifted stop loss to break even to secure my profit! May 2024 Trade Results P&L for the month: +3.6R 01 May: +0.5R 02 May: +0.5R 03 May: +0.5R 06 May: +1.6R 09 May: +0.5R The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R April: -7.75R
OANDA:XAUUSDLong
by Barry_Games_Trading
GOLD Trades Idea for Thursday 09 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 09 May 2024 SELL LIMIT Order: $2314.74 Stop Loss: $2321.78 Take Profit 1: $2307.94 Take Profit 2: $2298.91 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 06 May 2024 We are still running this trade. This trade is testing our patience, let's continue to hold, I will provide constant updates until either take profit or stop loss has been reached! Trade Review For 08 May 2023 Once more, our directional bias proved correct. However, the price didn't retrace sufficiently to trigger our limit order. If it had, we could have profited handsomely and hit both our take profit levels precisely as planned! May 2024 Trade Results P&L for the month: +2R 01 May: +0.5R 02 May: +0.5R 03 May: +0.5R 06 May: +0.5R, Running The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R April: -7.75R
OANDA:XAUUSDShort
by Barry_Games_Trading
GOLD Trades Idea for Wednesday 08 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 08 May 2024 SELL LIMIT Order: $2322.36 Stop Loss: $2330.23 Take Profit 1: $2314.75 Take Profit 2: $2304.62 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 06 May 2024 We are still running this trade, this price almost hit our take profit 2. Nonetheless, we must stick to our strategy and hold this trade until either stop loss or take profit 2 has been hit. Trade Review For 07 May 2024 Although our direction bias was correct, our limit order did not get trigger in. Let's try again! May 2024 Trade Results P&L for the month: +2R 01 May: +0.5R 02 May: +0.5R 03 May: +0.5R 06 May: +0.5R, Running The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R April: -7.75R
OANDA:XAUUSDShort
by Barry_Games_Trading
4
GOLD Trades Idea for Tuesday 07 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 07 May 2024 BUY LIMIT Order: $2307.27 Stop Loss: $2291.60 Take Profit 1: $2322.70 Take Profit 2: $2343.21 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 May 2024 Our Friday trade hit our stop loss at breakeven. We still profited a good 0.5R! Trade Review For 06 May 2024 Our limit order was triggered early, allowing us to enter before the price surged upward. Fortunately, this trade experienced almost no drawdown and quickly hit our take profit 1. I'm now in a risk-free position, so let's maintain our position until take profit 2! This is the ideal trade scenario for me: hitting full take profit with minimal drawdown. Let's hold and see how it unfolds! May 2024 Trade Results P&L for the month: +2R 01 May: +0.5R 02 May: +0.5R 03 May: +0.5R 06 May: +0.5R, Running The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R April: -7.75R
OANDA:XAUUSDLong
by Barry_Games_Trading
GOLD Trades Idea for Monday 06 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 06 May 2024 BUY LIMIT Order: $2293.91 Stop Loss: $2277.09 Take Profit 1: $2310.47 Take Profit 2: $2332.50 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 01 May 2024 Our 01 May trade managed to hit take profit 1 but hit our stop loss at break even, still a good win overall! Trade Review For 02 May 2024 Our Thursday trade also ends at take profit 1, before reversing almost immediately. Fortunately, I setup a price alert on the Tradingview app to alert me to take profit and shift stop loss to breakeven. If not this trade could have been in a loss. Trade Review For 02 May 2024 Friday was an important day because of FOMC US data. We trigger in our trade and hit take profit 1 all within an hour. This trade is currently running risk free now! Let's hope this trade can hit final take profit! May 2024 Trade Results P&L for the month: +1.5R 01 May: +0.5R 02 May: +0.5R 03 May: +0.5R + Running 06 May: Pending The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R April: -7.75R
OANDA:XAUUSDLong
by Barry_Games_Trading
2
GOLD Trades Idea for Friday 03 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 03 May 2024 SELL LIMIT Order: $2310.86 Stop Loss: $2326.77 Take Profit 1: $2295.21 Take Profit 2: $2274.40 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 01 May 2024 Our 01 May trade managed to hit take profit 1! I shifted stop loss to break even and I'm running risk-free trade! Trade Review For 02 May 2024 We trigger our second trade while taking profit for the previous trade but it has yet to hit either take profit 1 or stop loss. Let's continue to hold! May 2024 Trade Results P&L for the month: +0.5R 01 May: +0.5R 02 May: Running The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R April: -7.75R
OANDA:XAUUSDShort
by Barry_Games_Trading
GOLD Trades Idea for Thursday 02 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 02 May 2024 BUY LIMIT Order: $2299.54 Stop Loss: $2281.43 Take Profit 1: $2317.40 Take Profit 2: $2341.15 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 01 May 2024 Our limit order was triggered last night based on the US market data. We'll maintain this trade until either the stop loss or the first profit level has been reached! 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 April: -7.75R
OANDA:XAUUSDLong
by Barry_Games_Trading