Trades Idea for Wednesday 14 Mar 24
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) Signal For 14 Mar 2024
Trade Idea 1
BUY LIMIT Order: $2170.73
Stop Loss: $2161.28
Take Profit 1: $2179.92
Take Profit 2: $2186.47
Trade Idea 2
BUY LIMIT Order: $2165.05
Stop Loss: $2155.61
Take Profit 1: $2174.24
Take Profit 2: $2186.47
Risk per trade: 0.5%.
100% mechanical strategy, zero analysis, zero guesswork. Rise and repeat day in and day out.
Reason
The first-hour candlestick above 21 EMA, hence our bias is to BUY. We will place a BUY limit order at 38.20%, stop loss at 23.60% and take profit at 127.20% for trade no.1 and a BUY limit order at 61.80%, stop loss at 100% and take profit at 127.20% for trade no.2.
March Trade Results
P&L for the month: +0.05R
01 Mar: +1.35R
06 Mar: +1.35R
08 Mar: +1.35R
11 Mar: -1R
12 Mar no.1: -1R
12 Mar no.2: -1R
13 Mar no.1: -1R
13 Mar no.2: running
The year 2024 Trade Results
January: +2.6R
February: +3.35R
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 14 Mar 2024
Trade Idea 1
BUY LIMIT Order: $2170.73
Stop Loss: $2161.28
Take Profit 1: $2179.92
Take Profit 2: $2186.47
Trade Idea 2
BUY LIMIT Order: $2165.05
Stop Loss: $2155.61
Take Profit 1: $2174.24
Take Profit 2: $2186.47
Risk per trade: 0.5%.
100% mechanical strategy, zero analysis, zero guesswork. Rise and repeat day in and day out.
Reason
The first-hour candlestick above 21 EMA, hence our bias is to BUY. We will place a BUY limit order at 38.20%, stop loss at 23.60% and take profit at 127.20% for trade no.1 and a BUY limit order at 61.80%, stop loss at 100% and take profit at 127.20% for trade no.2.
March Trade Results
P&L for the month: +0.05R
01 Mar: +1.35R
06 Mar: +1.35R
08 Mar: +1.35R
11 Mar: -1R
12 Mar no.1: -1R
12 Mar no.2: -1R
13 Mar no.1: -1R
13 Mar no.2: running
The year 2024 Trade Results
January: +2.6R
February: +3.35R
Trade closed: stop reached:
Trade Review For 14 Mar 2024
Both trades ended up as losers. However, we mustn't give up and always trust in the strategy! When faced with a series of losses, I will go back to the charts and backtest the strategy to regain confidence and continue trading the next day. Let's give it another shot tomorrow.
Both trades ended up as losers. However, we mustn't give up and always trust in the strategy! When faced with a series of losses, I will go back to the charts and backtest the strategy to regain confidence and continue trading the next day. Let's give it another shot tomorrow.