After Hours Mini-Gold

[increasenow]

Quote from chrisjs87:

Yep, still at it. I'm trying to learn more about wheat and corn also.

when you do trade miniGold...what type of point target do you go after? and what type of stop?...cannot scalp miniGold

 

[chrisjs87]

Quote from increasenow:

when you do trade miniGold...what type of point target do you go after? and what type of stop?...cannot scalp miniGold

RTH, between 3 and 6 points. ETH, it's usually a struggle (time-wise) to get 2. Stops are based around ATR and position in standard deviation channels.

 

[increasenow]

got +2.2 in my first mini-Gold trade today

 

[chrisjs87]

Nice. What time frame are you using?

 

[increasenow]

Quote from chrisjs87:

Nice. What time frame are you using?

5 minute chart and only trading during RTH...kinda like it...anything new with you on it?

 

[chrisjs87]

Nah nothing lined up for me today.

 

[increasenow]

Quote from chrisjs87:

Nah nothing lined up for me today.

choppy...wha do you think about entering tonight US time and setting a stop into AM?

 

[chrisjs87]

Quote from increasenow:

choppy...wha do you think about entering tonight US time and setting a stop into AM?

Sorry I didn't see this in time. What did you decide on?

 

[Rod Shaft]

quit wasting your time with mini-gold and trade GC, it's much better

 

[chrisjs87]

+7.2 today so far

Almost perfect short entry at 8 this morning. my exit on this trade will probably prove to have been too conservative though.