An interview with gold trader Chandar who passed his evaluation account in one day and made substantial profit in the live market. He uses moving averages, Bollinger bands, and volume analysis in his trading strategy, and prefers gold due to its high volatility during the London session. Chandar explains how he makes decisions based on volume and moving averages, with a 365 moving average used for profit-taking. Viewers can join their Discord for more insights from prop traders.

Article:

Interview with Chandar: The Gold King Reveals His Trading Strategies

Introduction:

Chandar, a successful gold trader, has recently passed his funded account evaluation with over $4,000 in profits in just two days. In this interview, Chandar shares some of his trading strategies that have been instrumental in his success.

Why Trade Gold?

Chandar explains that he trades gold because it is the most active market during the London session, providing high volatility and liquidity. The market reacts to news and events, making it a lucrative market, especially during times of uncertainty. The high volatility and volume in gold also make it an attractive market to trade.

Trading Strategies:

Initially, Chandar used moving averages extensively, but he soon realized that the inefficiencies in the market were not being fully exploited. He now combines the use of Bollinger bands and volume indicators to check the strength and volume in the market, along with moving averages to give a clear indication of when to enter and exit the market.

Example Trades:

Chandar shares a couple of trades he made to earn a significant profit. Using the example of a trade that earned him over $1,000 in just three minutes, Chandar explains that he entered the market when the volume was increasing and exited when the following candle went down. He also shares a trade where he managed to pick the bottom of the market and earn $4,000 in just 20 minutes. Chandar primarily uses lower time frames, such as one minute, and utilizes moving averages and Bollinger bands to help him make trade decisions.

Moving Averages:

Chandar uses four different moving averages: 28, 50, 109, and 365. He uses the 365 to exit the market and set his profit target. The others are used to determine when to enter the market, and Chandar gets short in the market preemptively when they coincide.

Bollinger Bands:

Chandar uses Bollinger bands with a standard 20 and two moving average. He uses the Bollinger bands to determine when the volume is high and looks to get short in the market preemptively when it coincides with a moving average cross.

Conclusion:

Chandar’s success in trading gold can be attributed to his ability to combine multiple technical indicators and tools to gain a clear indication of when to enter and exit the market. This interview provides valuable insights into the strategies used by successful traders. Chandar’s example trades show how quickly profits can be made in the gold market with the right strategy and timing.