GOLD Trades Idea for Tuesday 19 June 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 19 June 2024
BUY LIMIT Order: $2316.78
Stop Loss: $2306.40
Take Profit 1: $2326.91
Take Profit 2: $2340.38
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 1x BUY LIMIT orders at 38.20%, stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%.
Trade Review For 17 June 2024
Our trade managed to hit take profit 1! I shifted stop loss to break even. This trade is risk-free now!
Trade Review For 18 June 2024
Unfortunately, our trade ended in a loss before the price went back up to our take profit levels! Let's try again tomorrow!
P&L for the month: -1.4R
03 June: +0.5R
04 June: +1.6R
05 June: -1R
07 June: -1R
14 June: -1R
17 June: +0.5R, running
18 June: -1R
The year 2024 Trade Results
January: +2.6R
February: -1.3R
March: +0.7R
April: +4.10R
May: +0.2R
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 19 June 2024
BUY LIMIT Order: $2316.78
Stop Loss: $2306.40
Take Profit 1: $2326.91
Take Profit 2: $2340.38
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 1x BUY LIMIT orders at 38.20%, stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%.
Trade Review For 17 June 2024
Our trade managed to hit take profit 1! I shifted stop loss to break even. This trade is risk-free now!
Trade Review For 18 June 2024
Unfortunately, our trade ended in a loss before the price went back up to our take profit levels! Let's try again tomorrow!
P&L for the month: -1.4R
03 June: +0.5R
04 June: +1.6R
05 June: -1R
07 June: -1R
14 June: -1R
17 June: +0.5R, running
18 June: -1R
The year 2024 Trade Results
January: +2.6R
February: -1.3R
March: +0.7R
April: +4.10R
May: +0.2R
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.