Trades Idea for Friday 12 April 2024

12 apr

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 12 April 2024
Trade Idea 1
BUY LIMIT Order: $2351.75
Stop Loss: $2325.49
Take Profit 1: $2377.76
Take Profit 2: $2391.90

Trade Idea 2
BUY LIMIT Order: $2345.61
Stop Loss: $2325.49
Take Profit 1: $2377.76
Take Profit 2: $2391.90

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 2x BUY 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 11 April 2024
Unfortunately, we've hit a losing streak. Our trades began profitably with minimal drawdown, but the price reversed after the high-impact data from the US. Despite this setback, I'm not discouraged. We won't lose everything. Let's regroup and try again tomorrow.

April 2024 Trade Results

P&L for the month: -4.25R

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

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