[September 5] 30-second gold scalping trade results with no discretion

This is the trade on September 5th.

21:30
United States – Employment Statistics August [Non-farm Payrolls, MoM]

21:30
United States – Employment Statistics August [Unemployment Rate]

21:30
United States – Employment Statistics August [Average Hourly Earnings, MoM]

21:30
United States – Employment Statistics August [Average Hourly Earnings, YoY]

and other indicators are expected.

Because this is Employment Statistics data, a very high level of caution is required.

Trade is based on that consideration.

The day before, prices briefly fell below the low, but there was no significant movement.

The Tokyo market on the 5th showed no particularly large price action or direction and moved in a tense manner.

The London market also did not change significantly, and it moved into the NY market as is.

As expected, there was a large move at 21:30 due to economic indicators.

It jumped nearly 400 pips in one go and updated the high of the 3rd.

Traders had been waiting and keeping quiet in anticipation of this, causing the price action to be subdued until then.

With the rapid rise, the market became volatile, and for a while there was nothing more to do but observe.

Finally, after a slight calm, a sell entry could be made, but the retracement was large and the gains in pips were not as large as the drop.

Again, rapid rise and fall repeated, no entry opportunities, but the last drop and the entry rule aligned, resulting in a big trade.

Thus, today we achieved a large win and the weekly total also turned out to be strongly positive.

Normally I aim for a reasonable number of entries with a favorable risk-reward, but this week the total number of entries was relatively low, though the win rate was solid.

Since this is non-discretionary, I wasn’t aiming for it, but it turned out positive, so I am satisfied.

Good work this week as well.

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