Mechanical Consistency; Gold (XAUUSD) Trade Review for 25 July
Hi, Just sharing my trading journey with you guys!
Disclaimer: Not Financial Advise, just sharing my trading journey. Please take it as educational content. Thank you!
As a full-time working individual, I do not have the time to constantly monitor the charts and look out for the "perfect" trading opportunity. This is why I decide to adopt the mechanical trading strategy to earn extra money.
This approach eliminates the need for extensive technical or fundamental analysis and completely removes any guesswork. It is a 100% Mechanical rule-based strategy, ensuring disciplined and consistent decision-making.
Here's how it works: Immediately after the 1st-hour candlestick closes either below or above the 200 EMA (Exponential Moving Average), you place precise Buy/Sell limit orders. Once all parameters are meticulously set, you can confidently attend to your daily routine, including your day job, while entrusting the market to dictate the trades.
For the trade on 25 July 2023, I manage to profit a 0.5R with my mechanical approach without any analysis.
Disclaimer: Not Financial Advise, just sharing my trading journey. Please take it as educational content. Thank you!
As a full-time working individual, I do not have the time to constantly monitor the charts and look out for the "perfect" trading opportunity. This is why I decide to adopt the mechanical trading strategy to earn extra money.
This approach eliminates the need for extensive technical or fundamental analysis and completely removes any guesswork. It is a 100% Mechanical rule-based strategy, ensuring disciplined and consistent decision-making.
Here's how it works: Immediately after the 1st-hour candlestick closes either below or above the 200 EMA (Exponential Moving Average), you place precise Buy/Sell limit orders. Once all parameters are meticulously set, you can confidently attend to your daily routine, including your day job, while entrusting the market to dictate the trades.
For the trade on 25 July 2023, I manage to profit a 0.5R with my mechanical approach without any analysis.