[May 16] 30-second gold non-discretionary scalping trade result
Details of 30-second GOLD Discretionary-free Scalping here
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This is the trade on May 16.
21:30
United States: Housing Starts 04/ [Building Permits]
21:30
United States: Housing Starts 04/ [Housing Permits - MoM]
21:30
United States: Import Price Index 04/ [MoM]
and so on are ahead.
The range of movement and the importance are not that significant, but let's be cautious nonetheless.
Trade based on these considerations.
GOLD had been showing a downward trend, but it rose in yesterday’s NY market.
It continued to rise in the Tokyo market on the 16th, approaching the previous near-term high.
It pulled back after hitting resistance here, but since there was no clear lower high, it’s questionable whether the downtrend will continue as is.
In the London market, there was no clear direction and it drifted, but suddenly showed a large drop and moved into the NY market.
Because of the big move just before, subsequent movement has slowed.
Also, the decline did not drop below the previous low, so momentum seems weak.
Trading in that environment, it ended up as a trade within a box range.
Successfully entering from the bottom to go long and from the top to go short, I managed to exceed in profit quite a bit.
After exiting, there were many immediate re-entries, requiring a lot of focus, but honestly the results exceeded expectations.
In situations like this, I’d like to accumulate pips firmly.
Continue to trade consistently without discretion, following the rules.
Great job this week as well.
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