Symbol: GC (CME)
Tick Value: .10 (1200.1)
Cost/Tick: $10.00 usd
Margin: $1,000 usd/contract
Benefits: Moves with the Dollar, Large moves and Consistent Patterns
Drawbacks: identify sideways markets and capitalize on them!
Best Time to Trade: 7:45am – 2:00pm EST
Favorite Pattern: Breaker Pattern out of sideways trading ranges.
Favorite Timeframes: 4-Range for Scalping, 13-Range for Day Trading, 21 & 34-Range for Swing Trading
Gold is also one of my favorite futures markets for many reasons. It gives us plenty of trading opportunities each day, its cheap to access the market with low commissions and you don’t need a big account to trade it.
Gold has great breakouts, and when you can read the tape and ‘feel’ the rhythm of the price action you can anticipate and profit from its large price reversals.
We make money every day with gold futures contracts, and its something we will always look forward to trading in the live trade room.
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Learn How to Day Trade, Scalp Trade and Swing Trade Gold Futures