Trades Idea for Monday 15 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 15 April 2024
Trade Idea 1
SELL LIMIT Order: $2382.74
Stop Loss: $2431.84
Take Profit 1: $2333.88
Take Profit 2: $2307.30
Trade Idea 2
SELL LIMIT Order: $2394.26
Stop Loss: $2431.84
Take Profit 1: $2333.88
Take Profit 2: $2307.30
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 12 April 2024
Our limit orders were triggered in the middle of the night, our trades are still open and running. We'll maintain our positions until either the stop loss or take profit 1 is reached. However, we need to exercise extreme caution due to the escalating tensions in Israel, which will directly impact gold and potentially lead to increased volatility.
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
12 April no.1: Running
12 April no.2: Running
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) Ideas For 15 April 2024
Trade Idea 1
SELL LIMIT Order: $2382.74
Stop Loss: $2431.84
Take Profit 1: $2333.88
Take Profit 2: $2307.30
Trade Idea 2
SELL LIMIT Order: $2394.26
Stop Loss: $2431.84
Take Profit 1: $2333.88
Take Profit 2: $2307.30
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 12 April 2024
Our limit orders were triggered in the middle of the night, our trades are still open and running. We'll maintain our positions until either the stop loss or take profit 1 is reached. However, we need to exercise extreme caution due to the escalating tensions in Israel, which will directly impact gold and potentially lead to increased volatility.
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
12 April no.1: Running
12 April no.2: Running
The year 2024 Trade Results
January: +2.6R
February: +3.35R
March: -2.90R
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.