Trades Idea for Monday 08 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) Signal For 08 April 2024
Trade Idea 1
BUY LIMIT Order: $2299.15
Stop Loss: $2267.53
Take Profit 1: $2330.53
Take Profit 2: $2347.59
Trade Idea 2
BUY LIMIT Order: $2291.75
Stop Loss: $2267.53
Take Profit 1: $2330.53
Take Profit 2: $2347.59
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 2x 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 05 April 2024
We experienced our first loss for April due to an unexpected turn of events that caused the price of Gold to rise, despite unfavorable US Data. Although we could have made a profit at take profit 1, the price did not drop further, coming close to reaching our target levels. Nevertheless, we remain optimistic and look forward to the next trade!
April 2024 Trade Results
P&L for the month: -0.25R
02 April no.1: +1.25R
04 April no.1: +0.5R
05 April no.1: -1R
05 April no.2: -1R
The year 2024 Trade Results
January: +2.6R
February: +3.35R
March: -2.90R
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 08 April 2024
Trade Idea 1
BUY LIMIT Order: $2299.15
Stop Loss: $2267.53
Take Profit 1: $2330.53
Take Profit 2: $2347.59
Trade Idea 2
BUY LIMIT Order: $2291.75
Stop Loss: $2267.53
Take Profit 1: $2330.53
Take Profit 2: $2347.59
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 2x 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 05 April 2024
We experienced our first loss for April due to an unexpected turn of events that caused the price of Gold to rise, despite unfavorable US Data. Although we could have made a profit at take profit 1, the price did not drop further, coming close to reaching our target levels. Nevertheless, we remain optimistic and look forward to the next trade!
April 2024 Trade Results
P&L for the month: -0.25R
02 April no.1: +1.25R
04 April no.1: +0.5R
05 April no.1: -1R
05 April no.2: -1R
The year 2024 Trade Results
January: +2.6R
February: +3.35R
March: -2.90R
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