Oct '25 • General discussion
Weekly Trading Plan: Gold Micro Futures (MGC)
Focus: Smart Money Concepts | Institutional Trend | Volume & Price Action | Gold Volatility Sensitivity
🗓 1.
Weekly Preparation – Fridays @ 5:00 PM (EST)
- ✅ Mark weekly high & low (yellow lines).
- 🔁 Identify weekly imbalance zones or FVGs (Fair Value Gaps).
- 📈 Assess higher-timeframe trend (weekly & daily):Is the trend bullish or bearish?Are we near a premium (sell zone) or discount (buy zone)?
- 🧭 Note macro catalysts (FOMC, CPI, NFP) for the upcoming week.
- Updated Tip: Use volume profile on the weekly chart to highlight points of control (POC) and high-volume nodes.
☀️ 2.
Daily Preparation – Before 8:00 AM (EST)
- 📌 Mark previous day’s high & low (pink lines).
- 🔍 Use the 1-hour chart to:Assess structure (HH/HL or LH/LL)Identify inducement zones, liquidity grabs, and supply/demand zones
- 🟢 Use a green trend ray to mark directional bias (from hourly break of structure).
- ❗Avoid trading during news releases (8:15-10:00 AM), unless targeting post-news liquidity sweeps.
⏰ 3.
Entry Strategy – Smart Money Intraday Execution
- 🕒 Entry window: 9:30 AM to 11:30 AM
- ✅ Confirmation checklist:Market structure aligned with higher timeframes?Liquidity taken (e.g., stop hunt above/ below key level)?Volume spike confirming interest?Entry at premium/discount relative to internal range?
- 📉 If bearish: Wait for sweep of previous high, followed by break of structure.
- 📈 If bullish: Wait for sweep of previous low, then structure shift.
- Entry timeframes: Start with 15-min, refine on 5-min.
📊 4.
Execution & Scaling
TimeActionContracts9:30 AMFirst entry @ confirmation110:30 AMAdd if trade is running well+211:00 AMFinal scale-in (if risk is safe)+2ExitAt key HTF S/D zone or TPAll
- 🎯 Targets:1st TP = intraday liquidity zoneFinal TP = imbalance or daily high/low
- 📛 Exit if:Price hits key S/R before 12 PMTrade runs into major newsStructure shifts against trade
⚠️ 5.
Risk Management (2025-Adjusted)
- 🛑 Stop Loss (based on structure, not fixed $):SL for 1 contract = 15-20 ticks ($150–$200)SL for 3 contracts = 30-35 ticks ($600–$700 max risk)
- 💡 Suggested: Use soft SL past liquidity zones, hard SL at structure invalidation.
- 📉 Max weekly loss: $1,200
- 📈 Target weekly profit: $3,000
- 🔁 Max trades/week: 3 high-quality setups (Wed–Fri only)
🧠 6.
Monitoring & Review
- 🔍 Optimal trading days: Wednesday–Friday
- 🕗 Optimal hours: 9:30 AM – 12 PM EST
- 📘 Keep a daily trade log including:Entry reasoningScreenshots of entry zonesOutcome + what you learned
- 💻 Weekly post-trade review with TradeZella (if plan hits targets)
🎯
Strategy Goal
Refine a repeatable, high-probability strategy focused on Smart Money entries, low drawdown, and clean technical confluence.
📊
Live Market Setup — Week of June 2–6, 2025
📈 Weekly High/Low Levels
- Gold rose ~2.5% this week, reaching around $3,368.49/oz as of June 6, 2025, supported by weaker U.S. economic data .
- Thursday’s futures closed near $3,365.73/oz, with COMEX futures in the $3,388.90 range .
- These form your weekly reference zones:High ≈ $3,368–3,369Low ≈ $3,365–3,366 (if midweek pullback)
- Note: February’s historical range ($2,844–$3,065) shows strong medium‑term support .
💵 Volume & Institutional Activity
- Volume’s robust: ~230K contracts on June 5, up from ~172K on June 4 .
- Open interest hit ~415K, confirming solid institutional participation .
🏦 Macro Drivers
- Cooling U.S. labor-market data: Initial jobless claims reached a 7-month high .
- Anticipation of June nonfarm payrolls creates added volatility .
- Central banks are buying gold (+29% YTD) and expected to keep it steady .
🗓
Updated Weekly Plan: Gold Micro Futures
1. Weekly Prep (Friday @5 PM EST)
- Mark updated zones:Yellow high ≈ $3,368.50Yellow low ≈ $3,366.00
- Observe any Fair Value Gaps within that range.
- Check at weekly structure: bullish overall—supported by central-bank buying and macro data.
- Note upcoming economic releases, especially June NFP (Friday).
2. Daily Prep (Before 8 AM EST)
- Use pink for previous-day highs/lows to find potential orderflow zones.
- Watch structure in the 1-hour chart; mark liquidity zones just above/below daily range.
- Maintain green trend ray from recent higher-timeframe slope.
3. Intraday Entry Strategy (9:30–11:30 AM EST)
- Bullish environment — look for sweep of recent low ($3,366 area) then structure flip and validated by volume.
- Use 5-min/15-min for precise entries.
- Example: if price dips to $3,366, sweeps slightly lower then reverses with volume spike—enter long.
4. Execution Template
TimeActionSize9:30First entry1 contract10:30Scale in+2 contracts if in momentum11:00Final scale (optional)+2 contracts if confirmedExitAt daily high target (~$3,370–3,372), structure shift, or time rule
- 🛡 Stop at structure invalidation—e.g., close below the sweep zone (15–20 ticks away, ~$150–$200).
- 🎯 Take-profit near intraday liquidity: daily high or minor swing high.
5. Risk & Money Management
- Stop per contract: 20 ticks ($200)
- Weekly max loss: $1,200
- Weekly profit target: $3,000
- Max trades/week: 3 targeted setups (Wed–Fri)
6. Monitoring & Review
- Focus on Wed–Fri, 9:30–12 PM EST.
- Log each setup: rationale, chart visuals, outcome.
- Post-week review: update TradeZella with live P&L and metric analysis.
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Weekly Trading Plan: Gold Micro Futures (MGC)
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