Trades Idea for Tuesday 30 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 30 April 2024

SELL LIMIT Order: $2336.52
Stop Loss: $2347.08
Take Profit 1: $2326.21
Take Profit 2: $2312.50

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 29 April 2023
We have another partial win! but it hit my stop loss at breakeven before going back down again. Let's hope to get a full win next time!

April 2024 Trade Results

P&L for the month: -7.75R

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
29 April: +0.5R

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