[October 24] 30-second Gold Non-discretionary Scalping Trade Result
Details of 30-second GOLD discretionary scalping here
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This is the trade on October 24.
21:30
United States: Consumer Price Index (CPI) for September [MoM]
21:30
United States: CPI for September [YoY]
21:30
United States: CPI for September [Core CPI ex Food & Energy, MoM]
21:30
United States: CPI for September [Core CPI ex Food & Energy, YoY]
22:45
United States: PMI (Purchasing Managers' Index) for October [Manufacturing PMI, Flash]
22:45
United States: PMI for October [Non-Manufacturing PMI, Flash]
22:45
United States: PMI for October [Composite PMI, Flash]
23:00
United States: University of Michigan Consumer Confidence Index (Preliminary) for October [Michigan Consumer Confidence Index]
and other indicators are in store.
With both high volatility and high importance concentrated in the same time frame, caution is required.
Trades are made with that in mind.
After a sharp decline, it has been gradually rising but has not broken the high, entering a consolidation range.
Whether it will fall further or stay in the consolidation range is unclear; even during the Tokyo market on the 24th, there was no notable movement.
Only in the London market did activity occur and it declined, but whether it will continue lower will be seen as the New York market opens.
There was a big drop at one point, and selling entries at that time allowed a substantial pip gain.
However, it did not break the previous low, and there was a large rebound and rise on the indicators.
Afterward, it wandered without a clear direction, and that day ended.
As a result, GOLD crashed massively and ended with enormous profit, but such volatility does not happen often, so treat it as lucky.
Nevertheless, losses were small, and the risk-reward exceeded profits, a method that managed to keep positive in that regard.
Good job this week as well.
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