[June 5] 30-Second Gold No- discretion Scalping Trade Result
Details of 30-second GOLD discretionary-free scalping here
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Traders for June 5.
21:30
United States - Initial Jobless Claims 05/18 - 05/24 [Continuation of benefits]
21:30
United States - Trade Balance April
21:30
United States - Nonfarm Productivity Index (Final) Q1 [Nonfarm Productivity, QoQ]
As important indicators cluster during this time frame, caution is required when trading in this period.
The price briefly rose above the high on the 4th but did not show a clear upward trend from the bottom, and range-bound trading continued across the days.
Even when the 5th arrived, there was no significant movement in the Tokyo market.
Entering the London market, there was also no push to make new lows, and the early session was calm.
With NY market ahead and indicators looming, there is a possibility of sudden large moves, which makes sudden price swings a bit scary.
Entering the NY market, there was a sharp rise again around 9 p.m.
It exceeded the previous high on June 3 with a strong rise.
I watched the chart during that time and avoided trading, but after the big move, buying pressure faded and price movement settled.
After a rapid rise, the price gradually fell to fill the gap, but several false breaks near the bottom caused small losses.
Additionally, there were rapid drawdowns, and delaying the exit could have been dangerous; ended the day in the red.
As expected in the market, one cannot win every time, and that’s not the goal.
What matters is to end up overall in profit by winning and losing in turn, so stay focused and, following the rules, enter with no discretion and calmly proceed.
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