[April 20] Was that entry really necessary? [As a GOLD trader, featured by GoGoJan!]
For more details click here↓↓
https://www.gogojungle.co.jp/tools/indicators/74653
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This is the trade on April 20.
There were no particularly notable indicators.
This trade is based on that context.
This time GOLD initially sold off sharply in the early session, then rebounded from the lower price area, and the trend shifted to an upward movement afterward.
In the early stage, a large bearish candle caused a swift drop with strong selling pressure, but later a candle with a long lower wick appeared, confirming support at the lows.
This movement triggered a trend reversal, and from the middle of the session, bullish candles appeared in succession. The price rose while making higher lows.
There were moments of ranging afterward, but the price did not break substantially to the downside, and buying gradually became dominant.
In the early part of the New York market, there was no clear direction and the price traded in a range.
Within that range there were opportunities, but they were not particularly good entries.
There was some movement in the middle, with a rise, but then a gentle decline, lacking a clear retracement, making it a no-chance situation.
Recently, it’s rare to see entries even in the first move.
Continue to enter mechanically without discretion and proceed calmly.
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April 20“30-Second GOLD Auto Matic FX” trading results
Since the market feel and analysis for GOLD are repetitive, please refer to the 30-second GOLD automated scalping article for details.
Today’s GOLD Entry!! ✅?
The second attempt of the trend-following strategy also did not offer many good opportunities.
The second trade’s entry point wasn’t bad, but it didn’t extend cleanly and was stopped out at the margin.
However, with the third trade, I managed to recover and endure the drawdown.
Although last week has shown a tepid market,
continue to follow the rules mechanically, as the name suggests, and enter according to the system!
Great job today as well.
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Details of 30-Second GOLD Mechanical Scalp
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The long-awaited second edition of “30-second” x “GOLD”!!
↓↓Details of 30-second GOLD Auto Matic FX are here↓↓
https://www.gogojungle.co.jp/tools/indicators/66726
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