[May 2] 30-second gold scalping with no discretion, trade result
Details of 30-second GOLD No-Discretion Scalping here
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This is the trade on May 2.
21:30
United States Employment Statistics April [Nonfarm Payrolls, MoM]
21:30
United States Employment Statistics April [Unemployment Rate]
21:30
United States Employment Statistics April [Average Hourly Earnings, MoM]
21:30
United States Employment Statistics April [Average Hourly Earnings, YoY]
23:00
United States Manufacturing New Orders March [MoM]
23:00
United States Durable Goods Orders (Final) March [MoM]
In addition, during this time frame, both volatility and significance are high, so pay particular attention to this period.
This is trading with those factors in mind.
The trend briefly broke and headed downward, but then entered a consolidation range.
In London, the market again showed a downward tilt, but momentum faded as we approach the New York session.
There is no clear direction in this market.
From the long bearish candles, it’s clear selling is prevailing, but it hasn’t broken lower and has repeatedly retraced.
At the first point of balance, there were several entries with wins and losses, but when the market settled in the latter part, the entry rules aligned and the performance greatly improved.
Since we never know when a big opportunity will come, the no-discretion rule for entries and the immediate exit rule if price moves against us are well aligned!
Let’s continue to enter calmly and mechanically in the same manner going forward.
Good job this week as well.
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