[July 16] 30-second gold scalping trades with no discretion results
Details of 30-second GOLD discretionary-free scalping here
+++++++++++++++++++++++++++++++++
July 16 trades.
21:30
United States Producer Price Index (PPI) June [YoY]
21:30
United States Producer Price Index (PPI) June [Core: food and energy excluding - MoM]
21:30
United States Producer Price Index (PPI) June [Core: food and energy excluding - YoY]
22:15
United States Industrial Production Index June [MoM]
22:15
United States Industrial Production Index June [Utilization rate]
23:30
United States Weekly Petroleum Status Report 07/05 - 07/11 [Crude oil stocks - WoW]
23:30
United States Weekly Petroleum Status Report 07/05 - 07/11 [Gasoline stocks - WoW]
23:30
United States Weekly Petroleum Status Report 07/05 - 07/11 [Distillate stocks - WoW]
are in store.
In particular, 21:30 has very large volatility and high importance, so it may be better to refrain from trading during this time.
Trades are made with those considerations in mind.
In yesterday's New York market, prices fell to new lows and the highs also declined, forming a downward trend with a considerable drop.
In the Tokyo market on the 16th, bearish candles were prominent, but there wasn't enough momentum to break the previous day's low, and there was a rebound that pushed prices higher.
However, the near-term low around the 15th acted as resistance, and highs were driven lower leading to a decline.
It resembles the movement on the 15th.
We fall from the London market into the NY market.
However, after a initial decline, prices moved into a range and were trapped there.
The chart also shows a long period of sideways movement.
Nevertheless, there was decent volatility, and an unusually high number of entries occurred.
The direction is hard to interpret, but it was fortunate to capture a short-term drop and gain nearly 50 pips.
Near midnight, there was another abnormal price movement, which fortunately we also captured.
Looking again, prices moved over 300 pips; perhaps the range beforehand warned of this abnormal movement.
Anyway, luck or not, we clearly captured pips, so all is well.
Let’s continue with this steady, unflustered approach and keep entering trades.
*＊*＊*＊*＊＊*＊*＊*＊*＊*＊*＊*＊*＊*＊*＊*＊*＊
