day trade gold

Discussion in 'Metal Futures' started by junkone, Dec 3, 2007.

  1. junkone

    junkone

    how to i best day trade gold and metal futures on 5 minute charts.
     
  2. Surdo

    Surdo

    Buy low and sell high.
     
  3. Gold is a nasty little contract to day trade.

    It spikes between 10 and 50 ticks often.

    It can be trading 785.0 and then it moves down to 780.

    Your stop at 784 gets filled at 780.

    Not sure why this happens, maybe its arbing between the electronic book and the floor...

    GC trades 100K contracts a day now. Almost as much as the smaller Stock Index Futures and Currency Futures but the SIF and FX futures dont spike like Gold...
     
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  5. MrGecko

    MrGecko

    ZG7Z on a 5 min??? Dont. Best PnL available.
     
  6. If you only daytrade, why must it be gold? Any vehicle will work.:cool: