How I made $260,000 trading GOLD so you can just copy me
Summary
TLDRThe speaker shares a gold trading strategy with an 83% win rate, using a three-step process focused on price action, market structure, and candle behavior. They trade during the second hour of the Asian session, emphasizing the importance of high-volume periods around the 4-hour candle open. The approach involves top-down analysis, starting with higher time frames and refining entries on lower ones. DXY correlation (Dollar Index) is used as an inverse indicator for gold. The strategy aims to identify direction, areas of interest, and entry models for quick, high-quality trades.
Takeaways
- 📊 The user has been trading gold for over 4 years, using a three-step strategy that boasts an 83% win rate.
- ⏰ The preferred trading time is around the second hour of the Asian session and at the opening of a new 4-hour candle due to higher volume and clearer price direction.
- 📈 The user focuses on price action, particularly market structure and candle behavior, and integrates DXY (Dollar Index) correlation into their trades.
- 🔄 The three-step strategy involves: 1. Identifying overall direction (bullish, bearish, or ranging), 2. Finding an area of interest, 3. Looking for an entry model like a market structure shift or a break and retest.
- 📉 Higher time frame analysis is essential for establishing overall direction, while lower time frames are used for precise entries.
- 🕒 The user notes that price tends to move in a push-pull pattern, often creating a pullback before continuing in the direction of the trend.
- 📐 The strategy involves looking for bearish signs at resistance levels, such as when multiple time frames (4-hour, hourly, and 30-minute) close bearish.
- 🔄 Candle behavior is key, and a top wick forming in the first half of a new candle can indicate a good entry point for a sell.
- 📅 Time frame alignment is critical, as the user connects high time frame candle closes with lower time frame entries to increase win rates.
- 💹 DXY correlation is used to confirm trades, with inverse movements between gold and the Dollar Index providing additional confidence for trade direction.
Q & A
What is the primary strategy mentioned for trading gold?
-The strategy mentioned focuses on trading gold around the 4-hour candle close, as this time is said to have high volume and a clearer market direction. The process is based on market structure and candle behavior.
Why does the trader prefer trading at the 4-hour candle close?
-The trader finds that trading around the new 4-hour candle close offers a higher win rate, as it provides clearer entries and a better sense of market direction due to the increased volume and structure at that time.
What are the three steps in the trader's process to achieve an 83% win rate?
-The three steps are: 1) Identify the overall market direction (bullish, bearish, or range), 2) Find an area of interest for potential trades, and 3) Look for an entry model such as a shift in market structure, a break and retest, or a high time frame candle close.
What is the significance of using DXY correlation in this strategy?
-DXY, or the Dollar Index, is inversely correlated with gold prices. By analyzing DXY movements, the trader gains additional confirmation for potential gold trades, improving accuracy in entry and exit points.
How does the trader use top-down analysis to enhance trade accuracy?
-The trader starts with higher time frames, like the daily or 4-hour charts, to establish overall market direction and structure, then moves down to lower time frames for precise entries based on the same structure.
Why does the trader not immediately enter buy positions despite seeing bullish high time frame closes?
-Even with a bullish high time frame close, the trader waits for a bottom wick to form, which signals a pullback before the continuation of the bullish move. This improves trade timing and reduces the risk of entering prematurely.
What is the importance of identifying market structure shifts in this strategy?
-Identifying market structure shifts helps the trader determine when a trend reversal might occur, such as breaking a low and then a high, or vice versa. This insight is key to finding optimal entry points.
How does the trader refine entries on lower time frames?
-The trader refines entries by analyzing lower time frames like the 1-minute or 5-minute charts. By waiting for the creation of a wick and observing fractal price patterns, the trader ensures better risk-to-reward ratios.
What role does candle behavior play in the trader's strategy?
-Candle behavior helps the trader determine market direction based on how candles open, close, and form wicks. For example, a bearish close signals that price is likely to continue in that direction, and the trader waits for the next candle to form a top wick before entering a sell.
How does the trader use high time frame structures to find trade opportunities on lower time frames?
-The trader aligns high time frame market direction with lower time frame entries. For instance, if the 4-hour and daily candles are bullish, but the lower time frames show a pullback, the trader waits for the pullback to complete before entering a trade in the direction of the overall trend.
Outlines
💡 Introduction to Gold Trading and Strategy Overview
The speaker, an experienced gold trader for over 4 years, introduces a gold trading strategy with an 83% win rate, using a three-step process. The focus is on trading around the opening of the 4-hour candle, using price action, market structure, and DXY (Dollar Index) correlation. The first step is identifying the overall direction (bullish, bearish, or ranging), followed by finding an area of interest for entry, and finally, executing an entry based on shifts in market structure, break and retest, or high-time-frame candle closes.
📊 Daily Time Frame and Market Structure Analysis
The speaker explains how to analyze the daily time frame, noting a strong bullish close but waiting for a pullback before looking for buys. Emphasis is placed on the push-pull nature of price movement and the importance of considering the time of day. By aligning the 4-hour, 1-hour, and 30-minute candles, the speaker highlights the importance of understanding the creation of wicks and shifts in market structure to refine trade entries.
Mindmap
Keywords
💡Price Action
💡Market Structure
💡Candle Behavior
💡Top-Down Analysis
💡4-Hour Candle
💡Area of Interest
💡Shift of Market Structure
💡Break and Retest
💡DXY Correlation
💡Fractal Patterns
Highlights
Gold trading strategy with an 83% win rate based on a simple three-step process: identify direction, find an area of interest, and apply an entry model.
The best time to trade gold is around the 4-hour candle close and open, particularly during the second hour of the Asia session for higher win rates.
Price action trading based on market structure and candle behavior, focusing on shifts, breaks, and retests.
DXY (Dollar Index) is inversely correlated with gold, and is used as an additional confirmation tool for trade decisions.
Step 1: Identify the overall direction (bullish, bearish, or ranging).
Step 2: Find an area of interest for potential entries, such as a high time frame candle close, and wait for price to react.
Step 3: Apply an entry model like a shift in market structure or break and retest. Refine entries for better risk-to-reward ratios.
Top-down analysis is key: start with higher time frames and enter on lower time frames for precise timing.
High time frame structures influence trades, but short-term pullbacks often occur before continuation, requiring awareness of price exhaustion.
Fractal nature of market patterns allows for refining entries across multiple time frames.
Focus on creating a 'bottom wick' on the daily time frame before looking for bullish continuation.
Multiple time frame candle closes (4-hour, 1-hour, 30-minute) aligning in a bearish direction can provide strong sell opportunities.
Using smaller time frames like the 1-minute or 5-minute chart allows for quicker entries with favorable risk-to-reward ratios.
Gold tends to experience strong reactions at key levels, which can be exploited for quick, high-probability trades.
DXY pullbacks can signal potential bearish moves in gold, enhancing confirmation for sell entries.
Transcripts
so I've been trading gold for over 4
years I'm going to show you the exact
approach I use to catch trades like
these every single day and this strategy
has an 83% win rate with a simple
three-step process and I'm going to show
you the most important things I focus on
when trading gold so I trade gold at the
second hour of Asia every single day you
don't have to trade at Asia anytime
works but what's important I find I get
a really high win rate when I'm trading
around that new 4-Hour candle so when a
4-Hour candle closes and a new one is
opening right here I find I have
extremely high win rate it's a lot
easier to find direction and entries
when I'm trading around a new high time
frame candle so this is a trade I took
this morning with exact strategy that
I'm going to show you with my Discord
for a pretty simple clear 5minute trade
so there tends to be high volume at that
new for candle open and this is why I
recommend to trade that open so I trade
purely based off price action which can
be broken down into Market structure and
candle Behavior I also use dxy
correlation with my trades so that's the
dollar Index which is inversely
correlated which I will cover later the
first step is just to identify an
overall direction this can be bullish it
can be bearish it can be rangeb that
still direction is just sideways the
second step is to find an era of
Interest so this is where I'm looking to
find my entry model which is a third
step which is an entry model this can be
a shift of Market structure it can be a
break and retest it can be a high time
frame candle close I'm going to cover
the ones that I use and have found the
most success with but this simple three
step approach is what I use to get an
83% win rate it's like pretty simple it
doesn't have to be overly complicated I
also use top down analysis so starting
on the higher time frames and entering
on the lower time frames so first off
I'm going to start off on the daily time
frame we have a really strong High time
frame close bullish so really big body
close above previous highs and that's
really strong bullish clo but am I going
to be looking for buys no I'm first
going to be looking for it to create a
bottom wi fill in some of this move as
price tends to move in a push and a pull
so being mindful of the time of day
you're trading at is really important so
we have a previous 4-Hour close bullish
we've broken above these highs after
taking out a low so kind of a shift
where we made a low broke that low went
into break a high and then had a
continuation bullish so 4 hour is
aligning bullish with the daily as well
then if we just go onto that 11 a.m. so
this will be the 11:00 a.m. open of that
new 4our candle we do have a 4-Hour
close barer so overall High time frame
is looking bullish but we're not looking
for buys why is that I'm going to kind
of cover that now um just being mindful
we are at alltime highs on gold so we
are around a higher time frame are of
Interest we also had this 4-Hour close
bearish here so 4H hour close bearish uh
creating this little AA of Interest as
well um open close as well so if we just
drop down to that 1 hour time frame as
well you have an hourly close with that
4 hour close bearish yes High time frame
structure is looking bullish but you had
a really big push up here you a really
big push up here and you're at some
highs so price is a push and a pull if
you want to continue moving bullish it's
unlikely that you just keep on pushing
price will tend to get exhausted you
have a pull back first and then you'll
continue so I find this tends to happen
around the start of the day if you have
a really big high time frame close
bullish on the day um the start of that
next day will tend to create a bond Wick
first there create bottom Wick and then
flip bullish and continue on if we just
go down to this alley um I place a level
at the open and close so when you go
from a bearish to a bullish candle
bearish to a bullish candle or a bullish
to a bearish that would be a level there
and I just draw a zone or era around
where price is reacting to so being
mindful of overall High time frame
structure that overall bullish bias is
actually giving us reasons to sell cuz
we're first looking for it to create
that bottom Wick and then move bullish
and you also at a high time frame area
of Interest kind of like a resistance
level um and you have that 4-Hour candle
close bearish here 4our close bearish
with also if you look here you have an
hourly close bearish this candle and you
also have a 30 minute close bearish any
close below the open close close below
the structure if a candle closes in a
certain direction let's say bearish
you're first going to look for it to
create a top Wick to then flip and
continue that direction overall daily
time frame has a closed bullish so
you're looking for it to create a bottom
Wick um but 4our hourly and 30 minute
close bearish so you're looking forward
to open create a top wick on that 4H
hour then flip to push down create that
bottom wick on that daily so you're kind
of stacking time frames to find
direction and to really look at how
price moves and doing this will give you
a really high room rate this is like one
of the most important things that I
found for finding direction but that's
mainly counter behavior for Market
structure what are we looking at um if
we were just to zoom out a bit on Market
structure you have an overall shift
bullish so yes you have that daily close
bullish but what does it look like you
break a low uh you have highs around
here and then you break a high come back
into retest that high here and you
continue pushing bullish So based off
Market structure that's how you kind of
find that high time frame bias but um
connecting low time frames and high time
frame candles this 4H hour hourly and 30
minute candle closes bearish also aligns
with let's go on the 5 minute time frame
now this five minute shift of Market
structure so what does that look like
you create a high here create a new low
and then create a higher high so you
have a break of a high and then you
immediately come in and break a low so
exactly how we're looking at that
previously for that bullish record
structure you're now looking at that on
that bearish structure so lower time
frame wise we're looking very bearish
because you have those High time frame
candle closes bearish and you have this
5 minute shift in Market structure if we
then were to go down into a one minute
time frame you still see that bigger
shift in Market structure but then we
can refine that further but if we just
look at this lower time frame structure
we have kind of this these lows and
these highs this could be like a lower
time frame a of Interest we've gotten
our Direction we've got a lower time
frame a of Interest this is kind of the
era that we're looking to take a sell um
then we just wait for an entry so this
would look like on that four hour we're
looking for it to open create a top Wick
maybe react to this level here and then
flip and continue bearish so we
immedately open kind of go in each
Direction and then we start moving
bullish we have a pretty strong reaction
to these highs here really strong
reaction what is that that's about six
Pips of movement and you have a big
close bearish you even break the low of
the previous candle as well so exactly
how we're looking like on the 4-Hour
time frame where you have a bearish
close looking for it to create a top
quick in that first half of that candle
to enter for a good entry I'm going to
do the exact same thing on this one
minute candle looking for it to create a
top quick in that first half of that
candle because it price is fral patterns
happen on every single time frame it's
fractal just for a better entry and this
is how you refine get really nice risk
Awards really nice entries with a high
win rate um and my trade is on average
around 5 to 10 minutes a really quick
simple trade with volume we're above the
open the best sells will always be above
the open the best buyers always be below
the open we immediately create a top
Wick first here respect that high these
highs and then we drive bearish here the
4-Hour candle flip
and I took my take profit at around 1 to
two pretty nice simple trade let me move
on to create that bottom Wick with lots
of volume in that first half of the day
bottom wick on that daily time frame and
then we have a shifter
structure and then the day flips and
continues moving bullish so hopefully
this helped with aligning time frames
top down analysis Direction air of
interest and entry model which can be a
shift can be a break and retest can just
be a one minute candle close in your
favor that reement of those areas of
interest of everything allows me to get
an 83% win rate with that simple
three-step approach and really high
quality trades there and you could have
used the exact same thing for this buy
as well so you have a clear break of a
low then break of a high a pretty clear
simple shift with a pullback for that
continuation of that higher time frame
Trend you created a bottom Wick and you
had a shift lots of volume in your favor
for a really nice clear simple trade on
that 30-minute bottom work being created
as well for a really nice trade and just
as well another thing that I was looking
at um when whenever you're looking for a
sell on gold I'm always looking for dxy
to be the inverse so moving in the
opposite direction gold was looking
pretty bearish but what I was looking at
was a previous air of interest on the
30-minute time frame and we had a nice
reaction to this low here same reaction
to these highs we moved off this low for
a pullback so price is always going to
be a push and a pull you can be low on
dxy um but if you're expecting a
pullback on that you can use it as added
confirmation of that dxy expected
pullback to take a sell on gold to
continue moving bearish and so that's
the strategy I Ed to get that 83% run
rate on gold trading with dxy
correlation and that shift of structure
that one minute shift of structure where
you're going from making a new high to a
new low entering on that pullback for
continuation of that trade and that's a
sell um if you're looking for a buy with
that overall higher time frame you can
look for a breakable a low and then a
break of a high there with a high time
frame cter close in your favor so it's
just at 30 minute for a continuation of
that trade
浏览更多相关视频
5.0 / 5 (0 votes)