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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
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