[August 7] 30-second Gold No-discretion Scalp Trading Result

This is the trade on August 7.

21:30
US Nonfarm Payroll Employment Index (Preliminary) Q2 [Nonfarm Payroll Employment—QoQ]

21:30
US Nonfarm Payroll Employment Index (Preliminary) Q2 [Unit Labor Cost—QoQ]

21:30
US Initial Jobless Claims 07/20 - 07/26 [Continuing Claims]

21:30
US Initial Jobless Claims 07/27 - 08/02

+8.6 pips 218,000 cases
(219,000 cases)
220,000 cases 226,000 cases
23:00
Canada Ivey Purchasing Managers' Index July

+6.4 pips 53.3 --- 55.8
23:00
US Wholesale Inventory (Preliminary) June [Wholesale Inventory—MoM—Preliminary]

23:00
US Wholesale Inventory (Preliminary) June [Wholesale Sales—MoM]

Indicators like these are in store.

Both importance and volatility are not very large, but let's keep them in mind just in case.

Trades are made with those in consideration.

On the 5th and 6th, the market has been range-bound without a clear direction.

Generally, Tokyo to London markets have been calm, with the NY market moving temporarily but not forming a trend.

The Tokyo market on the 7th also showed no notable movement, with neither highs nor lows being exceeded, making it difficult to judge the market.

After a big rise in the London market with the high briefly updated, it quickly retraced and became a temporary rise, making it hard to judge as we enter the NY market.

Even looking at the chart, there’s no clear direction; this week has a messy wave pattern.

When it tried to rise, it was capped from above, and when it tried to fall, it bounced back sharply from below, showing unstable behavior.

A large bearish candlestick appeared, aligning with entry rules, but then it retraced significantly, resulting in a drawdown we have not seen in a while.

Overall it’s a small loss, but the market remains murky and painful.

Although the lows are technically rising, forming a possible uptrend, the wave pattern is ugly and by the 8th it will be a tough fight to move into the green, but continue to enter calmly without discretion.