[January 14] 30-second Gold No-Discretion Scalping Trade Result
Details of 30-second GOLD discretionary scalping are here
Trading on January 14.
At 22:30, the US Producer Price Index (PPI) for December is coming up.
The range of movement is large and requires caution.
On days with such large anticipated fluctuations, the market tends to be quiet and only moves after the indicators cause volatility, so personally I don’t like it very much (lol).
Because January 13 was a large downward move, January 14 tended to be a range adjustment with no clear direction.
The unusually large bullish candle on the enlarged side is due to economic indicators.
Until then the market was quiet, but at the 22:30 indicators there was a price movement of nearly 100 pips.
I expected a breakout in either direction from there, but there hasn’t been much direction and it’s been drifting.
In such markets, entry opportunities are scarce, and I ran into several fakeouts.
Not only this method, but any method tends to underperform in such markets.
The question is how to minimize losses and exit without wavering, and be able to enter calmly and steadily, so let’s cut losses and stay pragmatic.
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