[June 23] 30-second scalping trades with gold, no discretion - trade results
Details of 30-second GOLD Discretionary-free Scalping here
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This is the trade from June 23.
22:45
U.S. PMI (Purchasing Managers' Index - Flash) June [Manufacturing PMI - Flash]
22:45
U.S. PMI (Purchasing Managers' Index - Flash) June [Non-Manufacturing PMI - Flash]
22:45
U.S. PMI (Purchasing Managers' Index - Flash) June [Composite PMI - Flash]
23:00
U.S. Existing Home Sales May [Existing Home Sales] and other indicators are due.
and other indicators are due.
It's Monday, but there are indicators with large movement ranges and importance, so caution is needed during this time period.
The Tokyo market started with an unusual gap, but at this point it exceeded the previous high and was marching toward the May 18 high.
However, it was temporary, and then it dropped sharply.
It fell nearly 400 pips in one go, approaching last Friday's low.
However, it did not break the low, rose in the London market, and the price action was quite hectic.
Such unstable movements could affect the NY market, so we enter NY with a bit of unease.
From the London market, it rose further, approaching the highest price reached in the morning.
Finally the rise paused, but the entry was a false move, and after exiting it fell sharply—regrettable indeed.
Later, after a decline, a long-entry for a buy was made, but after another exit it rose sharply again—a painful turn of events.
After slightly recovering, the day ended in loss for me.
Gold has been moving with a difficult pattern of rising after confirming a bearish-to-bullish shift, but there is still a lot ahead this week, so let's recoup then.
Let's continue to enter trades calmly without discretion.
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