What does a live New York session trade setup look like?

What does a live New York session trade setup look like in Rihari's video?

In the video, Rihari live-trades gold through the New York session open: he watches price react at a 4-hour point of interest, waits for the COMEX open to bring in volume, then lines up 15-minute, 5-minute and 1-minute structure before entering on confirmed closure above a swing high.

The video is filmed as a running commentary, not a scripted recap. Rihari says gold had been moving up and down within a range through the week, after the prior week opened into news around an oil conflict, pushed price up, then reversed into what he calls an "internal charge," a pullback, and a continuation down that he describes as "very very nice." By the time this session starts, the video shows price sitting at a 4-hour point of interest and reacting with what Rihari calls indecision, meaning it is not yet clear which way the range will break.

Rihari says that in conditions like this, "all we can do really is just have a look at what the lower timeframe's doing, wait for fundamentals to come out, and just see what's going to happen." That framing, watch, wait, confirm, is the backbone of everything that follows in the video: he does not predict a direction and trade it immediately. He waits for the market to show him a direction first.

Rihari opens the video by telling viewers directly that they are watching the session unfold in real time rather than a recap: "you guys are going to watch me live doing this... so you know this is not fake." That framing matters for how the rest of the video should be read. It is a single, unedited narration of one session on one instrument, filmed as it happened, not a curated highlight reel and not a claim about how every session plays out.

Why does Rihari wait for the COMEX open before entering a trade?

Rihari says he specifically waits for the COMEX (commodities exchange) open, which the video places about 20 minutes into the New York session, because that is the point he expects real volume to arrive in gold. Before it, he describes price as "mucking around" with no structure worth trading.

In the video he counts down to it directly: "11:17 in 3 minutes, which is 20 minutes into New York open. That's when the COMEX open happens... which obviously for gold and anything commodity, that's when that exchange opens. Should see some volume coming in." Once that volume shows up, he says it is "looking ideal for us," and only then does he start actively looking for a trade rather than just watching.

Before COMEX opens, the video shows repeated false starts: price pushes to a high, comes back, pushes up again, gets rejected, and comes back again. Rihari narrates this as "waiting for some structure to happen, and then we're going to start to have a look," treating the pre-COMEX period as noise rather than opportunity.

How does Rihari read gold's price action before New York session opens?

Rihari says he reads the higher timeframe first: the prior week's move up on oil-conflict news, the reversal down, and the reaction now happening at a 4-hour point of interest. He treats that reaction as the frame the rest of the session's trading has to fit inside.

He is explicit that he cannot forecast where price goes next. "With obviously the war and stuff, like if we're having a look at what's going on throughout the world, there's so much stuff going on that it's hard to predict where price action's going to go," he says. Rather than guessing, he says his role at this stage is to note his ideal scenario, price continuing up off the 4-hour point of interest into higher highs, while staying open to the alternative, a break down, because the video also shows him flagging that momentum on the lower timeframe was, in his words, "still starting to look down" at one point in the session.

That two-sided framing matters: Rihari is not claiming certainty about direction. He is describing a bias he wants to see confirmed, and waiting for the market to either confirm or invalidate it before acting.

He also names the specific pattern he is looking for once the session starts moving: rejection at a low, a pullback, and continuation. Watching his training partner's separate trade unfold, he narrates it this way: "he's seen rejection at the low... momentum starting to shift, right? Pushed up, price came back down at this level, got rejection. So he decided I'm going to go in from this level." That same rejection-pullback-continuation sequence is what Rihari then says he is waiting to see on his own setup, rather than a fresh pattern invented for his own trade.

Why does Rihari say news headlines are not enough to trade on their own?

Rihari says that during this session, the news calendar he uses (which the video shows him referring to as "MarketWatch") was showing contradictory signals, some events implying gold should rise, others implying it should fall, which he says made direction "hard to determine."

He walks through several headlines live on screen, remarking, "this is saying gold's going to go up... this is making gold go down... so there's a lot of contradicting information out there." His conclusion is not that news should be ignored, but that it should not be traded in isolation: "when stuff like that's happening, a lot of people just stay out of the market, especially long-term traders. Fair enough." As an intraday and scalp trader, he says he still looks for setups on lower timeframes despite the noisy headlines, but only once price action itself, not the news feed, gives him structure to act on.

The same tool also displays what Rihari describes as internal readouts on sentiment, an overall "day trading" bias he calls slightly bearish, a "swing trading" bias he calls bullish, and an "internal range" bias he also calls slightly bearish. He treats these as one more input to weigh, not as a signal to trade directly, and folds them into the same wait-for-confirmation approach he applies to the headlines.

How does Rihari use the 15-minute, 5-minute and 1-minute charts together?

Rihari says he builds the trade top-down across three timeframes: the 15-minute has to establish structure and close bullish first, the 5-minute has to deliver a pullback that closes "super bullish" to confirm the move is healthy, and the 1-minute is where he times the actual entry once micro structure lines up.

He narrates each handoff live. On the 15-minute: "this 15 minute looks all right though... if it closes like this, I'll consider it, because then we should get bullish pullback continuation." Once that closes in his favour, he turns to the 5-minute: "we want this 5 minute to close super bullish, we want it to be solid." Only once both of those align does he watch the 1-minute for what he calls "micro structure stepping up," a repeating pattern of small pushes higher followed by small pullbacks, before triggering the entry.

| Timeframe | Rihari's stated role for it | What he says he is watching for | |---|---|---| | 4-hour | Sets the higher-timeframe point of interest for the session | Whether price reacts at that level with a clear turn | | 15-minute | Establishes whether structure is building in his favoured direction | A bullish close above the last swing high | | 5-minute | Confirms the pullback after the 15-minute close is healthy | A "super bullish," solid candle close | | 1-minute | Times the entry itself | Repeating higher highs and higher lows ("micro structure stepping up") |

Rihari is direct that skipping this sequence is a mistake. Describing an early stretch where the 1-minute chart was only making "micro structure all the way down," he says, "we can't really get into buys off of that because it's just silly, you're going against what current volume and current momentum's doing." The entry, in his account, only comes once all three timeframes agree.

What steps does Rihari follow to build the trade, in order?

Based on how Rihari narrates this specific session, the sequence he describes running through, from first watching the chart to placing the trade, is as follows.

1. Mark the higher-timeframe point of interest (here, a 4-hour level) and wait to see how price reacts there rather than assuming a direction.
2. Check the economic news calendar for scheduled events, but treat contradictory headlines as background noise rather than a trade signal.
3. Wait for the New York session, and specifically the COMEX open around 20 minutes in, before expecting genuine trading volume in gold.
4. Watch the 15-minute chart for structure to build, looking for a bullish close above the most recent swing high.
5. Wait for a 5-minute pullback that "looks healthy" and itself closes bullish, rather than a pullback that looks "ugly."
6. Use the 1-minute chart to confirm repeating micro structure, higher highs and higher lows, before treating the setup as ready.
7. Enter once price closes above the prior high on the lower timeframe, with the reward-to-risk target (here, 1 to 4) already understood before entering.
8. Move the stop loss to break even once the trade is in profit, so the worst-case outcome from that point is a scratch, not a loss.

Rihari calls the waiting itself the discipline: "it's legit a waiting game for your setup to happen. Once that happens, bro, you just attack, man."

How did the trade in the video actually finish?

The trade shown in the video ended at break even. Rihari entered targeting a 1 to 4 reward-to-risk outcome, moved his stop loss to his entry price once price moved in his favour, and when price pulled back and hit that level, the trade closed flat rather than as a win or a loss.

He is candid about how often this happens to him: "it's not every time that you're going to win these trades. I legitimately, more often than not, I have the same amount of break-even trades, if not more, than what my wins are." He credits this outcome, and the fact he did not lose money on the trade, to the discipline of moving the stop once the position was safely in profit: "right now we're actually stop loss at break even, so we're now risk free... whether this trade goes up or down, we're not going to lose nothing." He also repeats his framing on patience: "my patience is what keeps me out of the stupid moves... that's why my losses are very minimal, because I'm waiting for things to happen."

Separately, earlier in the session, the video shows a training partner of Rihari's, described as being coached by him and his team, closing a different gold buy for what Rihari says was "nearly 4%" on that trade. That is a single trade shown on camera for one other person, described by Rihari in the moment; it is not a business, licensing or income claim, and it says nothing about what any other trader following the same session process would achieve. The video does not report a track record, a win rate, or an average return for either trader, and this article does not extrapolate one.

Rihari also narrates the discomfort of holding the position while it was live, at one point saying "the only terrifying part is when you enter a trade and you just want it to move off your entry," and earlier, while waiting through a slow stretch of the session, "1 minute is actually a very long time." Those lines describe how the wait feels in the moment; they are not offered here as evidence of any method's reliability, only as part of what the video itself shows about the process.

What do independent statistics say about retail CFD and forex trading risk?

Everything above is Rihari's own account of one trading session, narrated in his own words. Independently of the video, two data points from regulators and market bodies put session trading like this in a wider context.

Australia's corporate regulator found that most retail investors who traded CFDs, the instrument class that includes gold trading of the kind shown in this video, lost money over a full financial year. ASIC Report 828: Risky business records that 68% of Australian retail CFD investors lost money in the 2024 financial year. That figure is not drawn from the video and is not a claim Rihari makes; it is an independently published regulatory finding, included here because it bears directly on the odds facing anyone trading the way this video shows.

Separately, the enormous liquidity that session timing like the COMEX open is designed to catch exists at a scale far beyond any single trader's activity. The BIS 2025 Triennial Survey reported average daily OTC foreign-exchange turnover of US$9.6 trillion in April 2025. That number describes the market gold and forex trading sit inside; it says nothing about any individual trader's results, and this article makes no claim that it does.

Read together, the two figures frame the same video differently depending on which one is in view. The BIS number explains why Rihari waits specifically for the New York session and the COMEX open: that is when a market of this size brings genuine volume into gold, which is the condition his setup depends on before he will consider a trade at all. The ASIC number explains why nothing in this video, a single trade narrated in real time, should be read as evidence that the process shown is reliably profitable. Most Australian retail CFD investors in ASIC's 2024 financial year sample lost money; a single break-even trade, or a single training partner's 4% gain, changes nothing about that regulatory finding one way or the other.