[June 2] 30-second Foot Gold non-discretionary scalping trade result
Details of 30-second GOLD discretionary-free scalping here
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Trades for June 2.
22:45
US PMI (Purchasing Managers' Index - Final) May [Manufacturing PMI - Final]
23:00
US ISM Manufacturing Index May
It's Monday, but there are important indicators, so be cautious during this time.
Trades based on those considerations.
Last week the price formed lower lows and traded in a downward trend all day, but it is necessary to carefully determine whether it will clearly transition into a downtrend from there, or if it's a temporary dip within a longer upward trend.
In the Tokyo market there wasn’t much price movement, but once the London session began, prices rose sharply, breaking the recent highs.
Furthermore, at another perceived high, price stopped rising and entered a range, then moved into the New York market.
There were several attempts to push to new highs, but prices were bounced by resistance.
Nevertheless, the balance broke, prices rose sharply, but then entered another range.
The timing was poor; during the monitored hours the price movement was extreme and entries occurred at odd levels that did not align with the entry rules, ending the day with a small profit.
GOLD may turn to a long (buy) bias again, but while keeping the larger situation in mind as knowledge, let's trade methodically and unemotionally according to the rules without discretion.
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