Trades Idea for Thursday 02 April 2024
Updated
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 02 April 2024
Trade Idea 1
BUY LIMIT Order: $2247.16
Stop Loss: $2228.29
Take Profit 1: $2265.78
Take Profit 2: $2275.90
Trade Idea 2
BUY LIMIT Order: $2242.76
Stop Loss: $2228.29
Take Profit 1: $2265.78
Take Profit 2: $2275.90
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 01 April 2024
None of my limit orders got triggered, let's try again tomorrow!
April 2024 Trade Results
P&L for the month: 0R
02 April: Pending
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 02 April 2024
Trade Idea 1
BUY LIMIT Order: $2247.16
Stop Loss: $2228.29
Take Profit 1: $2265.78
Take Profit 2: $2275.90
Trade Idea 2
BUY LIMIT Order: $2242.76
Stop Loss: $2228.29
Take Profit 1: $2265.78
Take Profit 2: $2275.90
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 01 April 2024
None of my limit orders got triggered, let's try again tomorrow!
April 2024 Trade Results
P&L for the month: 0R
02 April: Pending
The year 2024 Trade Results
January: +2.6R
February: +3.35R
March: -2.90R
Trade closed: target reached
Trade no.1 hit both take profit levels with almost zero drawdown, resulting in a profit of about +1.25R. This outcome is exactly what I aim for when trading my strategy. Overall, I'm pleased with the results.
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