GHX-07 — RANGE BOUND SCALPING

This model identifies when price is moving sideways between clear boundaries, then trades reversals at those boundaries with tight risk management.

• It reads a range from a fixed run of completed 5-minute candles, and the floor and the ceiling each have to have been tested on three separate occasions before the range counts at all.
• Tests only count when they are genuinely separate: candles resting at the same level count once, and price has to come back to the middle before the next test counts.
• Once recorded, the floor, the ceiling and the middle are frozen. They are never redrawn or rolled forward, and a range that has failed cannot be relabelled — a completely new run of candles has to form first.
• A trade needs a completed close back in the middle first, then the next visit to either edge, and that candle has to hold the edge and close back inside it rather than push through.
• Entry is only valid for a short window after that candle closes, and only while the spread and the distance moved since the close are inside what it accepts. If the move to the middle is not worth more than the risk after costs, it declines.
• A trade carries a stop just beyond the edge and a single full exit short of the middle, both fixed before the order is sent. There is no part exit and no trailing.
• It leaves early if a completed candle closes through the edge it was trading, if the range stops behaving like a range, or if the trade has gone nowhere shortly after entry, and it will not hold past its time limit or the session cutoff.
• It refuses a fade taken straight against a strong recent hourly move, and it stands aside through known major United States announcement windows.
• If the conditions are not all present, it records a wait with the one reason that stopped it.

• Defines the range and trades from its edges toward the middle.
• Keeps targets and stops small and symmetrical.
• Stops trading the range once an edge is decisively broken.

The method itself is documented in full in Gold range scalping. It explains the wider trading idea, its risks and the conditions that can invalidate it.

Thrives in consolidation periods with well-defined ranges. Works well during low-volatility sessions and when price respects boundaries.

• Clear, persistent ranges with respected edges.
• Quiet sessions with no scheduled catalyst.
• Accounts with genuinely tight gold spreads.

Suffers losses when ranges break out unexpectedly. Can be slow in low-activity periods and may miss trending opportunities.

• Wide-spread brokers, where costs exceed the edge outright.
• Breakout days, when the range stops existing.
• High-impact data, when both edges go in one minute.

No model is right about gold all of the time. When available, it will act only while you leave it switched on, on an account you choose and within the limits you set.

• Risk per trade, as a percentage of the account or a cash amount.
• Daily loss limit — once hit, no new entries for the rest of the London trading day.
• Maximum open positions on gold at any one time.
• Sessions it may trade, and whether high-impact news blocks new entries.

Every order still passes the same pre-trade checks as a trade you place by hand. Reducing or closing risk is never blocked.

No demonstration trades published on this model yet. The record begins with its first closed forward-test trade.

No closed gold trades have been recorded for this model in that period.

Scope: XAUUSD only, closed trades only, grouped by London trading day, across Gold Hunts practice and real-money accounts. Cash outcomes are deliberately not published, because they depend on account size, lot size and leverage. Older rows do not always record whether the account was real or practice.

Range Bound Scalping trades a method Gold Hunts has already documented in full. These 7 pieces cover the rules, the sessions, the failure modes, the risk arithmetic and worked examples on XAUUSD.

• Gold range scalping: the full method

  The institutional guide to XAUUSD range scalping: confirming the Asian session range, fading the edges on thin liquidity, cost arithmetic as a percentage of target, break-of-range abort discipline and two fully worked gold trades.

• BEST SESSIONS FOR GOLD RANGE SCALPING

  Hourly XAUUSD behaviour in UTC for range scalping: why the Asian range and the London lunch lull are the only reliably tradeable windows, cost per round trip by hour, a session-suitability table, day-of-week effects and DST handling.

• WHEN GOLD RANGE SCALPING FAILS

  Why XAUUSD range scalping fails: unconfirmed ranges, high-ATR and news regime breaks, cost drag from spread and commission, revenge re-entries, stops smaller than gold noise, and thin-liquidity execution slippage.

• SIZING GOLD RANGE SCALPS

  Position sizing XAUUSD range scalping on the 100-ounce contract: $3–$5 stops, cost-adjusted expectancy, daily trade caps, correlation risk across XAU crosses and prop-firm frequency constraints.

• GOLD RANGE SCALPING PSYCHOLOGY

  The mental failure modes specific to XAUUSD range scalping: tilt from rapid-fire losses, widening the stop to avoid being wrong, overtrading a dead range, and screen fatigue eroding decision quality — with a hard rule and journal prompt for each.

• JOURNALING GOLD RANGE SCALPS

  How to journal a high-frequency XAUUSD range-scalping book without drowning: batching by session, tagging by boundary, the cost columns every row must carry — spread paid, commission, slippage — and the edge-decay metrics that catch a dying setup before the account does.

• THREE GOLD RANGE-SCALPING TRADES, IN FULL

  Three fully annotated XAUUSD range-scalping trades: a clean win on a confirmed Asian range, a valid loss on a boundary that failed cleanly, and a trade that should never have been taken on an unconfirmed range — with boundaries, entry, stop in dollars per ounce, target, lot sizing from a stated balance and risk percentage, spread and commission cost, net R and a post-trade review.

• Counter-Trend Scalping — Quick tactical fades when gold overextends intraday.

See all twenty gold models