[April 22] 30-Second Gold No-Discretion Scalp Trading Result
Details of 30-second GOLD discretionary-free scalping
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This is a trade from April 22.
There were no particularly notable indicators.
GOLD had been making new highs, but after forming a top in the London session, it suddenly fell.
This was not a range where buyers and sellers were balancing, but a large drop driven by a sudden withdrawal of buying pressure, continuing to fall vigorously as it moved into the New York market.
From the left side of the chart image, where the candlesticks are bearish consecutively, you can tell the drop was rapid.
Moreover, the volatility is quite large given the pip values listed.
Even within one 30-second bar there can be over 30 pips, and even with a rule to close early and exit, this amount of pip movement is substantial.
The first loss hit pretty hard.
Later, as it stopped declining and started to rise, I captured the upward move cleverly and earned nearly 100 pips over two entries.
Overall, the profit is substantial, but considering losses can be large as well, be sure to manage funds and adjust lot sizes properly when trading.
From now on, continue entering trades calmly without discretion.
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