Trades Idea for Monday 29 April 2024

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 29 April 2024

SELL LIMIT Order: $2342.60
Stop Loss: $2352.89
Take Profit 1: $2332.57
Take Profit 2: $2319.22

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 26 April 2023
Although our direction bias was correct, the price went further up and did not trigger in our limit order. Let's try again tomorrow!

April 2024 Trade Results

P&L for the month: -8.25R

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: 1.5R
17 April no.1: -1R
17 April no.2: -1R
18 April no.1: -1R
18 April no.2: -1R
25 April: +0.5R

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

Trade closed: target reached:

Take profit 1 reached! Shifted stop loss to break even!