[January 7] 30-second Gold scalping with no discretion + [Second installment: 30-second Gold Automated FX] trade results!

Trading on January 7th.

21:00
U.S. MBA Mortgage Applications Index 12/20 - 12/26 [MoM]

21:00
U.S. MBA Mortgage Applications Index 12/27 - 01/02 [MoM]

22:15
U.S. ADP Employment Change December [MoM]

and other indicators are ahead.

Trades are made with those in mind.

On the 5th and 6th both rose sharply, but both moved greatly in the Tokyo market, while London and NY tended to range or stay subdued.

What will happen on the 7th? It’s been blocked by important prices on the 23rd and 24th last year.

From the Tokyo market, it fell sharply and looked volatile.

Even after entering the London market, the downward momentum did not change, falling nearly 500 pips.

It rose briefly in the London market, but then quickly retraced, and now it heads into the NY market.

Within the price movements in the London market, a boxed range has formed, and it is moving within that range.

This box range is almost the same in the support/resistance formed on the London market on the 6th, and it’s quite solid and hard to break.

Looking at the chart image, it is almost flat, but volatility is quite large, showing the high popularity of GOLD recently.

In particular, the downward momentum for selling entries is tremendous, and even in 30-second bars, a lot is captured.

This day shows a substantial positive start for the new year!

Let’s continue this year to enter mechanically without discretion.

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January 7th Trade results of “30-second GOLD Automatic FX”

Since GOLD market feeling and analysis are repetitive, please refer to the 30-second GOLD no-discretion scalping article.

Today’s GOLD entry!! ✅?

GOLD had been steadily rising, but now it shows signs of a decline.

As a result, buying and selling forces are balanced, and in the NY market it is in a range-bound state.

Looking at the chart image, it is almost flat, and this is not favorable for the second installment which is trend-following.

There were few opportunities, and with no clear rise or fall, a 2-1 record with +10 pips is something to endure well.

It did not turn into a profit from yesterday yet, but there are two more days this week, so let’s reset properly.

As the Automatic FX name implies, continue to enter mechanically according to the rules!

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