[March 18] In the end, yesterday only here [Featured as a GOLD trader by GogoJyan!]
Details here↓↓
https://www.gogojungle.co.jp/tools/indicators/74653
+++++++++++++++++++++++++++++++++
March 18 trade.
20:00
United States - MBA Mortgage Applications Index 03/07 - 03/13 [vs. previous week]
21:30
United States - Producer Price Index (PPI) Feb [MoM]
+12.4 pips 0.5% 0.2% 0.7%
21:30
United States - PPI Feb [YoY]
21:30
United States - PPI Feb [Core, MoM excluding food and energy]
21:30
United States - PPI Feb [Core, YoY excluding food and energy]
23:00
United States - Durable Goods Report (Final) Jan [MoM]
23:00
United States - Durable Goods Report (Final) Jan [Excluding transportation, MoM]
23:00
United States - New Orders for Manufactured Durable Goods Jan [MoM]
23:30
United States - Weekly Petroleum Status Report 03/07 - 03/13 [Crude oil stocks, WoW]
23:30
United States - Weekly Petroleum Status Report 03/07 - 03/13 [Gasoline stocks, WoW]
23:30
United States - Weekly Petroleum Status Report 03/07 - 03/13 [Distillate stocks, WoW]
Indicators such as these are in the offing.
Various indicators cluster in the same time window, so this period requires caution.
Trades are made with that in mind.
Today’s GOLD moved in a low-volatility range at the start, gradually losing upside momentum, and then shifted direction in the middle.
Breaking below the range intensified selling, followed by consecutive large bearish candles, leading to a sharp decline with little pullback.
In the end, there was some stabilization around the lows, but overall the trend remained bearish.
Like Tuesday, it began with a rise before continuing to move higher in the early stage.
From there, it tried to rise again in the New York session.
However, it failed to surpass the high of London and then plunged sharply.
This drop marked a low not seen since February 18.
Given the magnitude of the decline, the first wave could not be traded.
In the latter half, there was a brief opportunity, but I ended with a losing streak due to a bottom-fish trap.
This week is already in the black, so no problem, but this fall reset the previous gains, so I’m watching how the market will unfold.
Continue to enter mechanically and without discretion.
-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+-+
March 18 — “30-Second GOLD Auto-Matic FX” trade results
Since GOLD's market feel and analysis are repetitive, please refer to the 30-second GOLD Unrestricted Scalping article.
Today’s GOLD entry!! ✅?
The second wave of trend-following captured the initial move of the early decline and earned a large number of pips.
But from mid to late, there was essentially no opportunity.
The market is quite volatile, so avoid overtrading; since the first wave’s loss has been covered, the mutual following relationship complements well.
Continue to trade mechanically according to the rules, as the name suggests for Auto-Matic FX!
*＊*＊*＊*＊＊*＊*＊*＊*＊*＊*＊*＊*＊*＊*＊*＊*＊
Details of 30-second GOLD Unrestricted Scalping
*＊*＊*＊*＊＊*＊*＊*＊*＊*＊*＊*＊*＊*＊*＊*＊*＊
The long-awaited second installment of “30-second” × “GOLD”!!
↓↓ Details of 30-second GOLD Auto-Matic FX here ↓↓
https://www.gogojungle.co.jp/tools/indicators/66726
Would you like to challenge 30-second scalping now?
Details here↓↓
