trading ranges - high to low or low to high

RANGE  GOLD  SILVER  NASDAQ100  DAX  COFFEE  SUGAR  COCOA  WTI OIL
30 MIN. 01.45 00.03 023 027 00.70 00.07 014 00.30 
2 HRS. 03.00 00.06 041 050 01.00 00.12 029 00.50 
4 HRS 04.30 00.09 048 067 01.30 00.17 037 00.70
6 HRS 05.70 00.12 061 086 01.30 00.17 033 00.80
DAILY 12.20 00.25 136 179 02.60 00.33 074 01.80
WEEKLY 26.50 00.53 306 426 05.40 00.69 157 03.90

Intraday-price-moves for dedicated timeframes (showing the 'volatility' expected). Ex: If @ 02:00 PM Gold has already moved USD 14 for the day, then it is less likely Gold will stretch much further that day. Within a 2 hour period for ex., do expect a USD 3 move for GOLD and so on. Be happy to acheive intraday gains equal to a specified range. Numbers also to be used towards stop loss ranges.

intraday chart and comment

Goldprice before US open

Gold favours shorts..

In the search of consistent trading patterns for the Gold price intraday, there are interesting observation from 14:20 – 15:20 CET (since July to present):

Thursday is the preferred day to go short gold from 14:20 – 15:20 CET. Wednesday is the day to stay Long, but from 14:00 CET, and to close the position at 15:00 CET.

Monday, Tuesday and Friday also favours short positions from 14:20 – 15:20 CET as pointed out below. Here are the distributions of favourable outcomes.

MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY
22% 21.8% 10.8% 25.6% 19.9%

 

These intraday patterns seems to be persistant regardless of the entire intraday priceaction from open to close, and regardless of 'longer trends'.GOLD INTRADAY TRADES 14 - 15

Always make sure to keep a relevant stop loss in place to limit losses, always remeber a daily range of an instrument, and always expect the unexpected!  

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