Gold Futures Intraday System (Past 12 Months)

Here is a look at an intraday system for trading Gold Futures that we have been working with. It has a basic strategy, and tests well. In live trading we have added various filters to help us focus on higher probability setups (that we have not yet coded). We use TradeStation as a testing tool to allow us to better understand different personality profiles for the various markets we trade. We then use what we have tested as a 'Grey Box' trading model where our traders take trades around what we have found, using the indicators we have created off of the systems to guide their trading.

Below is a TS Trading Performance Report (Link):
Here is the link to the report (Click Here)

Wheat Futures Trading 6-19-08

Wheat (Thurs 6-19)

Previous Day, Overnight, & KeyLevels

Prev Day

• Tested Lower
• Price rejection lows
• 11:45 50% retracement from Thrust that (did NOT take out intray highs)
• 
  
• Tested highs end of day
• Fails to take out intrday highs

====Choppy Trading Day (for Prev Day)====

Overnight

• Tested Higher Sold Off

Levels for Next Day

Up: 914 (prev & daily)

Dn: 844 (prev), 869 (daily)

New Day

• Opening Range = Weak/Choppy/No Velocity open
• 11AM session
• Test move lower
  

• Proximity to Previous Level
• Hit at 887 area for the 885 breakout
• Entry for Continuation Lower
• Enter at 887, and on retrace to 893

Entry: 887, 893
Exit: 893
Losing Trade
Comments: Could have looked to enter all on retracement and hold position longer.

See Below:

Gold Futures Trading 6-19-08

Gold (Thurs 6-19)

Overnight Setup:

• Failure to break lower in the overnight session
  

AM Setup

• Looks to test the High[1]
• Price of 898.10
• Clean Break of level

AM TRADE:

• Look to enter long position at H[1]
• Risk/Reward (1:2)

Trade Analysis
Entry: 898.40
Exit: 904.50

Comment: Little bit of early exit, but risk reward was achieved