Monday
Gold opened at 2350. Asian session was dead — 4 pips range in 8 hours. I spent the morning reviewing last week's trades on my iPad with TradingView. Three losses from last Thursday still bothering me: two from overtrading during London, one from entering 15 minutes before NFP.
Lesson I keep re-learning: less is more. The three losses were all avoidable. Two were revenge trades after the first loss.
Tuesday
London session showed a clean ascending triangle on the 4-hour. Resistance at 2358. I waited. NY open rejected 2358 twice. I shorted at 2357. Stop at 2365. Target 2340.
Gold dropped to 2342 in two hours. Took profit at 2345 (+12 pips, 0.5 lot). Left a 0.2 lot runner that got stopped at 2355 breakeven.
Result: +$60 on the runner, +$600 on the main position. Net: +$660.
Best trade of the week. Setup was textbook — rejection at resistance + DXY breaking above 104.5. If I had been watching the 5-minute chart, I would have exited too early. The 4-hour kept me in.
Wednesday
Tried to catch a bounce at 2340 support. Entered long at 2341. Stop at 2335. Got stopped out in 20 minutes as gold sliced through support like it wasn't there.
Gold dropped to 2328 before bouncing.
Result: -$300 (0.5 lot, 6 pips loss).
Mistake: I traded against the NY session momentum. DXY was still strong from Tuesday's breakout. Should have waited for DXY to show weakness before buying gold.
Thursday
Two trades:
- Long at 2335 support (after DXY finally pulled back). Stop at 2325. Target 2355. Gold hit 2352 and reversed. Stopped out at breakeven on the runner.
Result: +$500 on first target exit.
- Short at 2355 resistance rejection. Stop at 2363. Target 2330. Still open.
Friday
Thursday's short is still running. Gold at 2342 as I write this. Moving stop to breakeven. Letting it run into next week if the setup holds.
No new trades on Friday. I never trade NFP day anymore — too many fakeouts.
Weekly Summary
| Trade | Result | P&L |
|-------|--------|-----|
| Tuesday short (main) | Win | +$600 |
| Tuesday runner | Breakeven | $0 |
| Wednesday long | Loss | -$300 |
| Thursday long (main) | Win | +$500 |
| Thursday short | Open | - |
| Total | 3-1 | +$800 |
Takeaways
- The best trade was the one I waited for — Tuesday's short. Clean setup, clear confluence, proper execution.
- Wednesday's loss was entirely avoidable. I knew DXY was strong but traded against it anyway.
- Trading the 4-hour chart for direction and using NY session for entry is the combination that works for me.
- $800 in a week is not life-changing. But consistent $200-$500 weeks compound into real money over time.
See you next week.