TVC:GOLD   CFDs on Gold (US$ / OZ)
3.26.20 gold scalping Part 1 This is about scalping which my students tended to, and so I will try to help them. However, this requires a shift in my paradigm and I have to use my tools a little differently, and I have to count more on pattern trading using the boxes. Normally in my training I want broader ranges, not narrow ranges, but when a market contracts and is still broad enough in its vertical range you can use this as long as you understand that this is different than the price action that took you to this rangy behavior. I think this is very important but you will have to read it about five times, after you work through these boxes a little bit. By definition, if I wanted trade to make $1500 or thousand dollars, I am trading a very narrow vertical range in the market. If you think about it, this should be very difficult to scalp if we were looking at a strongly trending market that moves ahead and never really gives you a chance to work with the previous price. What I'm trying to do is pick a market that has contracted with a narrow range and try to treated for relatively small targets in either direction which is very different than trying to trade a market that is truly trending in one direction. I did not state this in the video but the gold market is tradable for scalping opportunities because it is contracted and its transitioning between finding its high and possibly going higher as noted by the selling tales as a tried to move higher, but then move lower.... to a market that was actually going to start moving lower.




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