@camerongill Maybe that's why it could be better to scalp it, if we cannot be sure in long-term where the gold will go? When it comes to the timeframes, I think they should match the personality rather than the instrument, except of course of some quite illiquid markets.
Thanks Martin, I agree.
The other aspect is the crowd mentality and how the majority get it wrong, and less than 20% of traders make money (with a very small percent making good money). One would think that if the majority would determine the trend of the market, however just goes to show that manipulation by central banks and large commercials have a big influence on direction.
I agree that you just have to trade your own system based on your personality - which in turn reflects your level of risk, lot sizes, trading during volatility, timing of trades etc..
I am lucky being in Australia as I am asleep when US session is on, this is where it appears the potential trade setups for the following day are formed.