Video summary

Gold Range Calculation Strategy | Simple & Profitable (4.68 Rule)

Main summary

Key takeaways

Finance

Finance-Focused Summary (from the Provided Subtitles)

Asset / Instrument & Trading Style

  • Instrument: Gold only (explicitly stated)
  • Trading style: Scalping / “tracking” using intraday levels
  • Timeframes used: 3-minute and 5-minute
    • Explicit caution: Do not use 1-minute

Core “Range Calculation” Framework (Step-by-Step)

1) Build the Range Map

  • Create a range map with 4 key levels:
    • 25%
    • 50%
    • 75%
    • 100%
  • Do not use 12.5%
    • (The speaker notes others suggested 12.5%, but his method uses only 25/50/75/100.)

2) Apply Range Using Candle Body (Major Rule)

  • Major rule: Apply levels to the candle body, not the wick.
  • When selecting body vs wick depends on completion:
    • If the upper range is not completed, apply range using the candle body.
    • If the market has reached/confirmed completeness at the relevant level, he sometimes references applying via wick (notably around rejection/pinning behavior).

3) Use Pending Levels Only

  • Trade construction uses pending levels.
  • Only trade if a “pending area” exists.
  • If both sides of the range complete, he repeatedly stresses to skip the trade.

Explicit Trade Entry / Exit Rules

Entry Trigger (Upside Setup)

  • When a 3-minute candle closes above the 50% level:
    • The move tends toward 75%.

Entry Logic (Upside)

  • Stop Loss (SL): 20 pips (repeated instruction: only SL of 20 pips)
  • Entry: Take upside expecting movement toward 75%.

Multi-Entry / Scaling Plan (Up to 3 Entries)

  • Described as up to 3 entries, depending on whether prior SLs trigger.
  • If the first setup fails (SL hit) and price doesn’t reach the expected turn level:
    • Use 25% / 75% / 100% zones as subsequent entry triggers
    • Always with SL = 20 pips (per the explanation)

Risk Management / Position Scaling

  • On the first adverse move (example described as “market gives 1” before continuing):
    • Exit 50% of the position quantity
    • Keep the remaining 50% for the next target / pending level
  • Do not use C2C
    • He discourages changing the stop strategy (“C to C”).
  • Targets are tied to the pending level that the market has yet to complete.

Additional Tactical Rule: Close vs Wick Behavior

  • He repeatedly emphasizes:
    • Range must be applied based on candle close/body.
  • Example logic described:
    • If price closes above a level, apply the range to project the next target (e.g., toward 75% or 100%, depending on stage).
    • If price does not close above (rejection/pin behavior):
      • apply the range with more emphasis on wick behavior in that scenario (as described around the mid-video).

“4.68 Rule” (Strategy Modification for Daily Trading)

Method / Framework

  • Use the previous day total range.
  • Explicit example provided:
    • Previous day total range = 102.24
    • Divide by 4.68
    • Resulting step/trading range = 21.84 (as narrated)

Timing

  • Use the opening price from 3:30.
  • Mentions time zone handling, including UTC 5:30 Kolkata time to locate the correct candle.

Building the Day’s Levels

  • Construct the day’s range levels using the same:
    • 25% / 50% / 75% / 100% subdivision
  • Applied on the 3-minute chart.

Key Numbers Explicitly Stated

  • Range division constant: 4.68
  • Previous day example range: 102.24
  • Derived range example: 21.84
  • Opening price example (chart-specific): 4766.75
  • SL: consistently 20 pips
  • Percent levels used: 25%, 50%, 75%, 100%

Recommendations / Cautions

  • Watch from start to end (rules are critical)
  • Do not use 1-minute timeframe; use 3-min / 5-min
  • Do not use 12.5%
  • Apply range to candle body, not wick (unless the speaker indicates wick-based application after “completion/rejection” conditions)
  • Only trade when there is a pending level; avoid trading if both sides are already completed

Disclosures / Disclaimers

  • The provided subtitles do not include a clear legal disclaimer (e.g., “not financial advice”) in the text shown.

Presenter / Source

  • Presenter/source: “Sasodia Trades”
    • The speaker repeatedly references the channel/authority as “Sir” and Sasodia Trades.
  • No other external sources are named in the subtitles.

Original video