[July 31] 30-second Gold No-Discretion Scalping Trade Result
Details of 30-second GOLD discretionary-free scalping here
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July 31 trades.
21:30
United States Initial Jobless Claims 07/13 - 07/19 [Continuing Claims]
21:30
United States Initial Jobless Claims 07/20 - 07/26
21:30
United States Personal Income & Spending 06 [Personal Income MoM]
21:30
United States Personal Income & Spending 06 [Personal Spending MoM]
21:30
United States PCE Price Index 06 [PCE Price Index MoM]
21:30
United States PCE Price Index 06 [PCE Price Index YoY]
21:30
United States PCE Price Index 06 [Core PCE Price Index MoM]
21:30
United States PCE Price Index 06 [Core PCE Price Index YoY]
21:30
United States Employment Cost Index Q2 [ QoQ ]
etc., many indicators cluster in the same time frame.
This time period requires very careful attention.
Trades should take that into account.
With July ending, indicators and monthly changes can cause many trends to become volatile.
Among them, July 30 in the NY market was mostly range-bound, then suddenly fell, and continued to fall into the late night, an extreme market continues.
Such markets are difficult not only for this method but for everyone, so you may be hoping for the market to settle soon.
However, July 31 in the Tokyo market rose sharply to fill the previous drop.
It forms a pronounced V-shape and may continue rising into the London market.
But it does not have enough momentum to break the previous high, and again forms a somewhat wavering pattern as it enters the NY market.
Because it rose rapidly in the early stage, there is little momentum in the NY market.
From the London market it became a range and stopped rising, but didn’t fall to new lows.
Even looking at the chart image, the decline is gradual and not very clean, ending with a small loss of 2 wins and 2 losses.
This week has mostly ranged markets across the board, and even when moving, it’s brief before returning to range, making this a very challenging market.
As the decline has been considerable, a trend reversal seems likely, but it may not switch abruptly and could continue to churn, so endure until the market starts moving.
Continue trading without discretion.
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