Trades Idea for Friday 26 April 2024

26 thg 4

DISCLAIMER
This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose.

Gold/USD (XAUUSD) Ideas For 26 April 2024

BUY LIMIT Order: $2320.27
Stop Loss: $2304.78
Take Profit 1: $2335.51
Take Profit 2: $2355.78

Risk per trade: 0.5%.
MT4/5 trade expiration: Today

100% mechanical strategy, zero analysis, zero guesswork. Rise and repeat day in and day out.

Reason
The first-hour candlestick closes above 21 EMA, hence our bias is to BUY. We will place 1x BUY LIMIT orders at 38.20%, both stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%

Trade Review For 25 April 2023
Thanks to the US market data, we successfully hit our first take profit target! However, the price retraced to our breakeven point, leading us to close the trade with a modest profit of 0.5R. This trade represents a positive step towards recovering from previous losses.

April 2024 Trade Results

P&L for the month: -8.25R

02 April no.1: +1.25R
04 April no.1: +0.5R
05 April no.1: -1R
05 April no.2: -1R
10 April no.1: -1R
10 April no.2: -1R
11 April no.1: -1R
11 April no.2: -1R
12 April no.1: -1R
12 April no.2: -1R
15 April no.2: 1.5R
17 April no.1: -1R
17 April no.2: -1R
18 April no.1: -1R
18 April no.2: -1R
25 April: +0.5R

The year 2024 Trade Results
January: +2.6R
February: +3.35R
March: -2.90R