GOLD Trades Idea for Tuesday 14 May 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 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
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.