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Trades Idea for Thursday 18 April 2024DISCLAIMER 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 18 April 2024 Trade Idea 1 SELL LIMIT Order: $2375.19 Stop Loss: $2395.89 Take Profit 1: $2354.73 Take Profit 2: $2343.60 Trade Idea 2 SELL LIMIT Order: $2380.01 Stop Loss: $2395.89 Take Profit 1: $2354.73 Take Profit 2: $2343.60 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 15 April 2024 Our trade is still running, let's continue to hold until either take profit or stop loss hit! Trade Review For 17 April 2024 Both our trades ended in a loss again... I apologise for the disappointing trade result. This marks the 5th losing day, I will try again tomorrow. April 2024 Trade Results P&L for the month: -8.25R 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: -1R 12 April no.2: -1R 15 April no.2: Running 17 April no.1: -1R 17 April no.2: -1R The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R
OANDA:XAUUSDShort
by Barry_Games_Trading
Trades Idea for Wednesday 17 April 2024DISCLAIMER 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 17 April 2024 Trade Idea 1 BUY LIMIT Order: $2380.72 Stop Loss: $2362.81 Take Profit 1: $2398.38 Take Profit 2: $2407.99 Trade Idea 2 BUY LIMIT Order: $2376.55 Stop Loss: $2362.81 Take Profit 1: $2398.38 Take Profit 2: $2407.99 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 15 April 2024 Our trade is still running, let's continue to hold until either take profit or stop loss hit! Trade Review For 16 April 2024 None of our limit orders got triggered. Let's try again tomorrow. April 2024 Trade Results P&L for the month: -6.25R 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: -1R 12 April no.2: -1R 15 April no.2: Running The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R
OANDA:XAUUSDLong
by Barry_Games_Trading
Trades Idea for Tuesday 16 April 2024DISCLAIMER 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 16 April 2024 Trade Idea 1 BUY LIMIT Order: $2355.95 Stop Loss: $2324.01 Take Profit 1: $2387.65 Take Profit 2: $2404.89 Trade Idea 2 BUY LIMIT Order: $2348.47 Stop Loss: $2324.01 Take Profit 1: $2387.65 Take Profit 2: $2404.89 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 12 April 2024 Unfortunately, both trades hit the stop loss before reversing up to both take profits... This marks the fourth losing day in a row. I apologize for the poor results, but I'm curious to see how far this losing streak can go. As my mentor once told me, you won't win every time, and you won't lose every time. Let's stick to the strategy, and we will become profitable! Trade Review For 15 April 2024 The price triggered our first limit order last night, let's continue to hold until either stops loss or take profit gets triggered in. April 2024 Trade Results P&L for the month: -6.25R 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: -1R 12 April no.2: -1R 15 April no.2: Running The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R
OANDA:XAUUSDLong
by Barry_Games_Trading
Trades Idea for Monday 15 April 2024DISCLAIMER 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
OANDA:XAUUSDShort
by Barry_Games_Trading
Trades Idea for Friday 12 April 2024DISCLAIMER 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 12 April 2024 Trade Idea 1 BUY LIMIT Order: $2351.75 Stop Loss: $2325.49 Take Profit 1: $2377.76 Take Profit 2: $2391.90 Trade Idea 2 BUY LIMIT Order: $2345.61 Stop Loss: $2325.49 Take Profit 1: $2377.76 Take Profit 2: $2391.90 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 11 April 2024 Unfortunately, we've hit a losing streak. Our trades began profitably with minimal drawdown, but the price reversed after the high-impact data from the US. Despite this setback, I'm not discouraged. We won't lose everything. Let's regroup and try again tomorrow. 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 The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R
OANDA:XAUUSDLong
by Barry_Games_Trading
Trades Idea for Thursday 11 April 2024DISCLAIMER 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 11 April 2024 Trade Idea 1 SELL LIMIT Order: $2339.77 Stop Loss: $2360.40 Take Profit 1: $2319.40 Take Profit 2: $2308.31 Trade Idea 2 SELL LIMIT Order: $2344.58 Stop Loss: $2360.40 Take Profit 1: $2319.40 Take Profit 2: $2308.31 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 10 April 2024 Unfortunately, the U.S. CPI data caused both of our trades to crash. Let's regroup and try again tomorrow! Remember, persistence is key, and in the long run, we will come out ahead! April 2024 Trade Results P&L for the month: -2.25R 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 The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R
OANDA:XAUUSDShort
by Barry_Games_Trading
Trades Idea for Wednesday 10 April 2024DISCLAIMER 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 10 April 2024 Trade Idea 1 BUY LIMIT Order: $2351.33 Stop Loss: $2337.02 Take Profit 1: $2365.40 Take Profit 2: $2373.05 Trade Idea 2 BUY LIMIT Order: $2348.01 Stop Loss: $2337.02 Take Profit 1: $2365.40 Take Profit 2: $2373.05 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 09 April 2024 Same as yesterday, none of my limit orders got triggered in, let's try again tomorrow! April 2024 Trade Results P&L for the month: -0.25R 02 April no.1: +1.25R 04 April no.1: +0.5R 05 April no.1: -1R 05 April no.2: -1R The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R
OANDA:XAUUSDLong
by Barry_Games_Trading
Trades Idea for Tuesday 09 April 2024DISCLAIMER 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 09 April 2024 Trade Idea 1 BUY LIMIT Order: $2328.57 Stop Loss: $2302.73 Take Profit 1: $2354.16 Take Profit 2: $2368.08 Trade Idea 2 BUY LIMIT Order: $2322.53 Stop Loss: $2302.73 Take Profit 1: $2354.16 Take Profit 2: $2368.08 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 08 April 2024 Although my direction bias was correct, the price did not retrace enough to touch my limit order so no trade at all. We could have pocketed +1.25R! Nonetheless, let's follow our mechanical strategy and try again tomorrow. April 2024 Trade Results P&L for the month: -0.25R 02 April no.1: +1.25R 04 April no.1: +0.5R 05 April no.1: -1R 05 April no.2: -1R The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R
OANDA:XAUUSDLong
by Barry_Games_Trading
Trades Idea for Monday 08 April 2024DISCLAIMER 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 08 April 2024 Trade Idea 1 BUY LIMIT Order: $2299.15 Stop Loss: $2267.53 Take Profit 1: $2330.53 Take Profit 2: $2347.59 Trade Idea 2 BUY LIMIT Order: $2291.75 Stop Loss: $2267.53 Take Profit 1: $2330.53 Take Profit 2: $2347.59 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 05 April 2024 We experienced our first loss for April due to an unexpected turn of events that caused the price of Gold to rise, despite unfavorable US Data. Although we could have made a profit at take profit 1, the price did not drop further, coming close to reaching our target levels. Nevertheless, we remain optimistic and look forward to the next trade! April 2024 Trade Results P&L for the month: -0.25R 02 April no.1: +1.25R 04 April no.1: +0.5R 05 April no.1: -1R 05 April no.2: -1R The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R
OANDA:XAUUSDLong
by Barry_Games_Trading
Trades Idea for Friday 05 April 2024DISCLAIMER 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 05 April 2024 Trade Idea 1 SELL LIMIT Order: $2292.69 Stop Loss: $2305.90 Take Profit 1: $2279.73 Take Profit 2: $2272.67 Trade Idea 2 SELL LIMIT Order: $2295.75 Stop Loss: $2305.90 Take Profit 1: $2279.73 Take Profit 2: $2272.67 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 04 April 2024 Our first limit order was triggered during a period of high-impact news releases. This trade managed to reach Take Profit 1 before hitting stop loss at breakeven. April 2024 Trade Results P&L for the month: +1.75R 02 April no.1: +1.25R 04 April no.1: +0.5R The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R
OANDA:XAUUSDShort
by Barry_Games_Trading
Trades Idea for Thursday 04 April 2024DISCLAIMER 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 04 April 2024 Trade Idea 1 BUY LIMIT Order: $2283.39 Stop Loss: $2265.26 Take Profit 1: $2301.27 Take Profit 2: $2311.00 Trade Idea 2 BUY LIMIT Order: $2279.17 Stop Loss: $2265.26 Take Profit 1: $2301.27 Take Profit 2: $2311.00 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 03 April 2024 We almost triggered a limit order and could have profited at least +0.5R. Let's give it another shot tomorrow. April 2024 Trade Results P&L for the month: +1.25R 02 April no.1: +1.25R The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R
OANDA:XAUUSDLong
by Barry_Games_Trading
Trades Idea for Thursday 02 April 2024DISCLAIMER 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
OANDA:XAUUSDLong
by Barry_Games_Trading
Trades Idea for Wednesday 03 April 2024Apologise for the inconsistent dates 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 03 April 2024 Trade Idea 1 BUY LIMIT Order: $2263.94 Stop Loss: $2246.47 Take Profit 1: $2281.16 Take Profit 2: $2290.52 Trade Idea 2 BUY LIMIT Order: $2259.87 Stop Loss: $2246.47 Take Profit 1: $2281.16 Take Profit 2: $2290.52 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 02 April 2024 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. April 2024 Trade Results P&L for the month: +1.25R 02 April no.1: +1.25R The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R
OANDA:XAUUSDLong
by Barry_Games_Trading
Trades Idea for Thursday 01 Apr 2024DISCLAIMER 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 01 Apr 2024 Trade Idea 1 BUY LIMIT Order: $2211.87 Stop Loss: $2187.16 Take Profit 1: $2236.33 Take Profit 2: $2249.64 Trade Idea 2 BUY LIMIT Order: $2206.10 Stop Loss: $2187.16 Take Profit 1: $2236.33 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% April 2024 Trade Results P&L for the month: pending The year 2024 Trade Results January: +2.6R February: +3.35R March: -2.90R
OANDA:XAUUSDLong
by Barry_Games_Trading
Trades Idea for Tuesday 26 Mar 24DISCLAIMER 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 26 Mar 2024 Trade Idea 1 SELL LIMIT Order: $2172.51 Stop Loss: $2181.66 Take Profit 1: $2163.61 Take Profit 2: $2158.77 Trade Idea 2 SELL LIMIT Order: $2174.61 Stop Loss: $2181.66 Take Profit 1: $2163.61 Take Profit 2: $2158.77 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% March Trade Results P&L for the month: -0.15R 01 Mar: +1.35R 06 Mar: +1.35R 08 Mar: +1.35R 11 Mar: -1R 12 Mar no.1: -1R 12 Mar no.2: -1R 13 Mar no.1: -1R 13 Mar no.2: +0.5R 14 Mar no.1: -1R 14 Mar no.2: -1R 15 Mar no.1: -1R 15 Mar no.2: +1.65R 18 Mar no.1: +0.5 19 Mar no.1: -1R 19 Mar no.2: +0.5R 20 Mar no.1: -1R 20 Mar no.2: +1.65R 21 Mar no.1: Running 25 Mar no.1: Running 25 Mar no.2: Running The year 2024 Trade Results January: +2.6R February: +3.35R
OANDA:XAUUSDShort
by Barry_Games_Trading
Trades Idea for Monday 22 Mar 24DISCLAIMER 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 22 Mar 2024 Trade Idea 1 SELL LIMIT Order: $2194.68 Stop Loss: $2223.17 Take Profit 1: $2166.45 Take Profit 2: $2151.09 Trade Idea 2 SELL LIMIT Order: $2201.34 Stop Loss: $2223.17 Take Profit 1: $2166.45 Take Profit 2: $2151.09 Risk per trade: 0.5%. 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 a SELL limit order at 38.20%, stop loss at 23.60% and take profit at 127.20% for trade no.1 and a SELL limit order at 61.80%, stop loss at 100% and take profit at 127.20% for trade no.2. March Trade Results P&L for the month: -0.15R 01 Mar: +1.35R 06 Mar: +1.35R 08 Mar: +1.35R 11 Mar: -1R 12 Mar no.1: -1R 12 Mar no.2: -1R 13 Mar no.1: -1R 13 Mar no.2: +0.5R 14 Mar no.1: -1R 14 Mar no.2: -1R 15 Mar no.1: -1R 15 Mar no.2: +1.65R 18 Mar no.1: +0.5 19 Mar no.1: -1R 19 Mar no.2: +0.5R 20 Mar no.1: -1R 20 Mar no.2: +1.65R 21 Mar no.2: Running The year 2024 Trade Results January: +2.6R February: +3.35R
OANDA:XAUUSDShort
by Barry_Games_Trading
Trades Idea for Monday 21 Mar 24DISCLAIMER 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 21 Mar 2024 Trade Idea 1 BUY LIMIT Order: $2173.91 Stop Loss: $2158.67 Take Profit 1: $2188.91 Take Profit 2: $2199.58 Trade Idea 2 BUY LIMIT Order: $2164.65 Stop Loss: $2149.41 Take Profit 1: $2179.64 Take Profit 2: $2199.58 Risk per trade: 0.5%. 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 a BUY limit order at 38.20%, stop loss at 23.60% and take profit at 127.20% for trade no.1 and a BU limit order at 61.80%, stop loss at 100% and take profit at 127.20% for trade no.2. March Trade Results P&L for the month: -0.15R 01 Mar: +1.35R 06 Mar: +1.35R 08 Mar: +1.35R 11 Mar: -1R 12 Mar no.1: -1R 12 Mar no.2: -1R 13 Mar no.1: -1R 13 Mar no.2: +0.5R 14 Mar no.1: -1R 14 Mar no.2: -1R 15 Mar no.1: -1R 15 Mar no.2: +1.65R 18 Mar no.1: +0.5 19 Mar no.1: -1R 19 Mar no.2: +0.5R 20 Mar no.1: -1R 20 Mar no.2: +1.65R The year 2024 Trade Results January: +2.6R February: +3.35R
OANDA:XAUUSDLong
by Barry_Games_Trading
1
Trades Idea for Monday 20 Mar 24DISCLAIMER 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 20 Mar 2024 Trade Idea 1 BUY STOP Order: $2156.91 Stop Loss: $2150.66 Take Profit 1: $2162.91 Take Profit 2: $2167.18 Trade Idea 2 BUY LIMIT Order: $2153.20 Stop Loss: $2146.96 Take Profit 1: $2159.20 Take Profit 2: $2167.18 Risk per trade: 0.5%. 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 a BUY limit order at 38.20%, stop loss at 23.60% and take profit at 127.20% for trade no.1 and a BU limit order at 61.80%, stop loss at 100% and take profit at 127.20% for trade no.2. March Trade Results P&L for the month: -0.8R 01 Mar: +1.35R 06 Mar: +1.35R 08 Mar: +1.35R 11 Mar: -1R 12 Mar no.1: -1R 12 Mar no.2: -1R 13 Mar no.1: -1R 13 Mar no.2: +0.5R 14 Mar no.1: -1R 14 Mar no.2: -1R 15 Mar no.1: -1R 15 Mar no.2: +1.65R 18 Mar no.1: +0.5 19 Mar no.1: -1R 19 Mar no.2: +0.5R The year 2024 Trade Results January: +2.6R February: +3.35R
OANDA:XAUUSDLong
by Barry_Games_Trading
Why Bitcoin won't drop from hereHello Traders and Investors, My name is Philip and I am a German swing-trader with over 4 years of trading experience. I only trade the higher timeframes, preferably the monthly chart, because this allows me to capitalize on the major market swings. I view trading as a long term game over the next 20 years which will help me to build massive wealth - it is not a get rich quick scheme. ------------------------------------------------------------------- Today I want to share with you my outlook on Bitcoin: In the beginning of 2023 Bitcoin perfectly retested the previous cycle high of 2018 and already perfectly rejected this key structure level towards the upside. Since we had a cross support at the $17.000 level, there is a very low chance of Bitcoin breaking below this level at all. ------------------------------------------------------------------- Most of the people always follow the quick money. But the quick money is never the big money. They think that making 5% a month consistently is reasonable, which is one of the reasons why so many traders fail. The only think which you can control is your risk, everything else is unknown. Keep your long term vision!
CRYPTO:BTCUSDLong
by basictradingtv
9
Follow your Plan! Must have rules to avoid being liquidityFollowing your trade entry rules is the key to avoiding Following your trading plan is the key to being a consistent trader! Make sure you have thought out objectives that are being hit prior to entering a trade. We want to create a system where once your initial signal is hit (such as a HTF supply zone mitigation, strong level hit, FVG mitigation), we then have further rules that help us avoid false breakouts/liquidity grabs and stop loss hits. The simple truth that all traders eventually find out is the market doesn't do what you expect it to do when you expect it. Even the most advanced and sound calculations will be losers if the point of entry is treated as a secondary factor. Our psychology refuses to account for smaller (LTF) price fluctuations but they happen at usually prior to doing exactly what we predicted! So, have your strict rules - a set of guidelines that this, this, and this need to happen before entering a trade - and if they do, you did your job win or lose. On this trade specifically, I had pointed out the potential for a wedge breakout and had a bias toward the downside. As mentioned and as I highlight above, if I would have entered the trade prior to awaiting my entry signals, I would have been stopped out on a major liquidity grab to the upside. Therefore, when preparing for the trade, I identified upper zones that were potential price objectives that went against my bias. If price did reach these zones and other factors were still supporting my former bias, this upper liquidity grab would be an even greater opportunity for my short trade - but only once the LTF entry signals start blaring. TL;DR: Even though the HTF signs and confluence for a drop were there, I awaiting a lower time frame CHoCH and reversal (my trade entry rules) in order to enter the trade. This led me to a winning trade as opposed to being stopped out earlier for a losing trade. This is the key to consistency!
Short
by ReigningTrades
1
XLU - Hold Utilities for ConsistencyUtilities are basically yesterday's tech stocks. In the late 1800s, the stock market ditched railroads and moved on - to utilities. In fact, there was a time where speculation ran rampant and panics were set off based on the movement of utility stocks. Today, utilities are the opposite of tech stocks. They are basically the most consistent and boring stocks you can find on the market. The utility SPDR (XLU) yields 3.3% on dividends & is a very good composite of the utility sector. It has gone up 16% over the past 5 years, which pales in comparison to the S&P 500 (43%.) The only reason you would want to hold onto them for the long term is that you can be absolutely sure they will stay & keep paying dividends as long as the US stays alive. Right now, XLU (and pretty much all utility stocks) has come down sharply. It briefly reached the key range near $61 only to sharply rebound. Because utilities are so consistent, they will generally crash and rebound pretty sharply. In 2020, utilities crashed quickly & stayed down due to extreme volatility. When you have any short of sharp decline, utilities usually move with the trading day and sometimes even underperform. In 2008, utilities crashed and stayed generally undervalued for a while. In 2000, utilities also crashed and stayed undervalued for a while. This may have been due to the Enron scandal around the time. If you are worried about 1970s-like stagflation, you will be pleased to hear that utilities outperformed during the time and generally stayed flat. (The only catch is that during a major crash, they are not completely immune and will probably go down.) From a trading perspective, this is a great time to enter because you can be pretty sure that within a few weeks, XLU will rebound to as far as $74 within a matter of weeks. From an investing perspective, this is also a great time to enter if you like utilities. Often, people who are very bearish miss out on a lot of gains because they do not hold anything for the very long term. Utilities are sort of the most defensive stock option, and I would recommend them if you think a super financial crisis is approaching. You can hold them with minimal fear of stock declines. In fact, they stand to profit from the issues we may be facing - stagflation, energy crisis, etc. Plus, you get a steady flow of dividends that you can reinvest. In normal conditions, utilities underperform - but overall, they outperform during bear markets. You could even pick pretty much any regional utility. I did some chart analysis on DUK (Duke Energy) and found it had also bounced off a key support. Almost all the utilities have the same chart pattern, with the exception of troubled ones like PG&E. In summary, I would go long utilities here if you don't know what to pick in this time. You can be almost certain buying for both the long and short term that utility stocks provide value.
AMEX:XLULong
by roxythetradermage
4
Mechanical Consistency Weekly Review 8; +8% Return.04 Sep to 08 Sep 2023 TL;DR Total Profit of approximately $800 (around +800%) for the 1st week of September 2023. Total 8 trades, 6 wins & 2 loss. 1-hour Timeframe, Oanda, XAUUSD(Gold), $10,000 Capital, $200/ 2% per trade. Mechanical Consistency Trading Strategy; Purely rule-based strategy, zero guesswork, zero analysis. Disclaimer: I am not a financial advisor. The content for this article is purely for educational/research purposes only and is merely based on my personal opinions. Please note: There will be affiliate links in this article. But it will only benefit both of us. If you do not wish to participate under my affiliate links, please feel free to Google them separately. Cheers! I'm truly thankful for yet another successful week employing my mechanical consistency strategy. My retracement trades are consistently delivering the expected results, while any losses I've incurred can be attributed solely to my mean reversion trades on Tuesday. Let's review every day. Monday (04 September 2023) 1x Win Trade Daily bias: Downtrend I was only able to trigger a retracement trade on Monday, but it turned out to be a highly profitable one. Despite the slowing down at night, I was fortunate that the price continued its downtrend the following day, reaching my desired profit level. Tuesday (05 September 2023) 2x Lose trades Daily bias: Downtrend The only losing days I've had this week were both due to my mean reversion trades. These trades carry significant risk since they go against the prevailing trend, relying on a rebound to reach my 21 SMA+EMA level. Unfortunately, the downward trend proved to be stronger, resulting in losses. Wednesday (06 September 2023) 1x Partial win & 1x full win trades Daily bias: Downtrend Contrastingly, I managed to secure a profit with my two mean reversion trades on Wednesday. Fortunately, the price did rebound successfully in both cases, albeit with the first trade yielding a partial profit and the second trade lasting until Friday morning. Nonetheless, I'm quite satisfied with the overall outcome. Thursday (07 September 2023) 0x trade Daily bias: Downtrend There were no trades on Thursday as my mechanical consistency strategy did not trigger any of my limit orders. It was yet another stress-free day for me. Friday (08 September 2023) 1x partial win 2x solid win trades Daily bias: Uptrend Friday turned out to be quite a rollercoaster day for me, with three consecutive trades triggering throughout the day. Fortunately, all of these trades ended in profit. The first mean reversion trade yielded a partial win, the second mean reversion trade was an immediate victory with zero drawdowns, and the third retracement trade delivered a profit by Monday morning. Endnote While I encountered some losses with my mean reversion trades due to their inherent risk of going against the trend, I also enjoyed significant profits from retracement and mean reversion trades that went as planned. Despite the fluctuations, my mechanical consistency strategy helped maintain a stress-free approach to trading, and I ended the week on a positive note, with successful trades on Friday. This experience reinforces the importance of a well-rounded trading strategy and the need to adapt to market conditions while remaining disciplined and focused on long-term goals. Learn My Strategy For Free As a full-time working individual, I do not have the time to constantly monitor the charts and look for the "perfect" trading opportunity. This is why I adopted the mechanical trading strategy to earn extra money. This approach eliminates the need for extensive technical or fundamental analysis and removes any guesswork. It is a 100% Mechanical rule-based strategy, ensuring disciplined and consistent decision-making. If you want to learn my strategy, please visit my blogging site, link in bio. Thank you!
OANDA:XAUUSDEducation
by Barry_Games_Trading
Mechanical Consistency Weekly Review 7; +3% Return.I avoided trading on Non-Farm Payroll Day! 28 August to 01 Sep 2023 TL;DR Total Profit of approximately $300 (around +3%) for the 4th week of August 2023. Total 5 trades, 3 wins & 2 loss. 1-hour Timeframe, Oanda, XAUUSD(Gold), $10,000 Capital, $200/ 2% per trade. Mechanical Consistency Trading Strategy; Purely rule-based strategy, zero guesswork, zero analysis. Disclaimer: I am not a financial advisor. The content for this article is purely for educational/research purposes only and is merely based on my personal opinions. Please note: There will be affiliate links in this article. But it will only benefit both of us. If you do not wish to participate under my affiliate links, please feel free to Google them separately. Cheers! What an exhilarating week it’s been with the Non-farm payroll report dominating the market’s volatility! The intense fluctuations led to rapid outcomes in some of my trades, with some resulting in quick wins and others in losses. Let’s dive into a review of this action-packed week! Monday (28 August 2023) 0x Trades Daily bias: Uptrend Thanks to the market movements of the previous week, we didn’t initiate any new trades this time around. It turned out to be a stress-free day for me! Tuesday (29 August 2023) 1x Win & 2 Lose trades Daily bias: Uptrend This week kicked off positively with a substantial profit from the first retracement trade. However, the intense volatility pushed past both my mean reversion trades, causing them both to end up in losses. Wednesday (30 August 2023) 1x Partial win trade Daily bias: Uptrend After a significant bout of volatility the day before, the price settled into a narrow range, a pattern that became evident during the first half of Wednesday’s trading session. It wasn’t until later in the day that the price triggered my mean reversion trade. Fortunately, I was able to secure partial profits at Take Profit 1 before it resumed its upward trend. Thursday (31 August 2023) 1x Solid win trade Daily bias: Uptrend The price remained confined within the narrow range, which worked in our favour as it triggered a retracement trade. I held onto the trade overnight, and by Friday, I successfully closed it with both take profit levels reached! Friday (01 September 2023) 0 trade taken Daily bias: Downtrend Non-Farm Payroll typically takes place on the first Friday of each month, and it’s a known fact that the market becomes extremely volatile when this economic data is released. Traders often face significantly widened spreads, which can be detrimental to their trading strategies. Personally, I steer clear of trading on Non-Farm Payroll days, even if the setup aligns perfectly with my usual trade conditions. The heightened spread can trigger my stop-loss even when the price is far from my actual stop-loss level, making it a risk I’d rather avoid. Endnote In summary, the trading week was marked by the Non-Farm Payroll report’s influence, resulting in a mix of wins and losses. The previous week provided a break from stress, while trading saw a profitable retracement trade and losses in mean reversion trades. A narrow price range on Wednesday allowed for partial profits, and the week ended positively with a successful retracement trade reaching both take profit levels. I will avoid trading on Non-Farm Payroll days due to heightened volatility and widened spreads, mitigating risks from unpredictable market reactions to economic data releases. Learn My Strategy! (FREE) As a full-time working individual, I do not have the time to constantly monitor the charts and look for the “perfect” trading opportunity. This is why I adopted the mechanical trading strategy to earn extra money. This approach eliminates the need for extensive technical or fundamental analysis and removes any guesswork. It is a 100% Mechanical rule-based strategy, ensuring disciplined and consistent decision-making. If you want to learn my strategy, please visit my blogging site, link in bio. Thank you!
OANDA:XAUUSDEducation
by Barry_Games_Trading