Gold scalping strategy reddit. Range edges, are the top most part and bottom most part.


  • Gold scalping strategy reddit Always adapt and be willing to learn new things. See scalping is discovered because no one knows the direction and traders pick every small moment that is occurring and not hope for big trend. Moving average strategy. A community to discuss Affiliate marketing (AM,) paid traffic, SEO, email marketing, and more - has now been disabled indefinitely in solidarity with the current Reddit blackout to protest the new rules and regulations by Reddit CEO /spez. You can basically go over a certain days movements and place trades. Scalping is never made for trend stocks because of higher failure Swing Trading is an investment strategy generally characterized by a short time horizon, emphasis on stock momentum, and monitoring both an underlying's fundamentals and technical analysis. 5 days with zero losses and practically no drawdown. Don’t trade gold if you’re new to trading. works quite well really, until the market absolutely tanks. I am a bot, and this action was performed automatically. Share your strategies, tips, and favorite moments with fellow fans. Scalping requires large size, small moves and quick profits. While you're at it, read through Reddit's "reddiquette" here. Stochastic Oscillator Strategy. true. Opening range breakout or high of day break is what I usually play. Simple, well-known strategies are going to be the ones that more people are using. You can scalp this pair all day long. For example squeezes and flushes are way more identifiable on the 1m chart so usually I make a plan using the 1m chart. Trading the right Stock is 50% of the strategy. You gotta find a method that suits your personality, it sounds like you’re more of a longer hold type of trader so use those strategies for yourself instead. I have been scalping s & p 500 and us30 basically using the same strategy, i use the 15 minutes and look for breakouts at the first 2 hours of opening of the market. It will eat your account for breakfast. I was also scalping gold past week. Scalping can be achieved by using the stochastic oscillator. So I don't even look at strategies where they're not talking about resistance and support lol. personally, I think a scalping style of trading requires at the very least $50,000 IF you want a CHANCE at lets just say a $100 a day. Even the big boys understand the market is not predictable beyond 5 minutes. I'm interested in learning to capture bigger moves like that, though, as I'm typically only scalping 1 point, sometimes less. Reddit Forex Scalping Strategies: 1- Scalping trading using the stochastic oscillator. I am referring to the XAU/USD pair, which has the perfect amount of flexibility that you can use to your advantage. Then questions came like this, ok scalping is good and have high probability but how to do scalp. Those VWAPs (daily/weekly/monthly) if you think about it are also anchored to a specific starting price and start time…. I’m looking to scalp on Gold - even quick trades on 15 and 5 mins time frame. At least 2 times a day there will be a broad squeeze available for scalping timeframe players to participate in (intense move with strong deltas and without pullbacks). 10, 100. If you must use an indicator, I suggest one that can average out buy/sell tick volume to help reduce market noise while using the lower timeframes. 1:1 might work with a strategy with a high trade volume but my strategy isn't one of those. I have been told and seen many times that these time frames are the worst to trade on Gold as it’s very volatile and random. ForexCracked Official subreddit; Share and Discuss Forex EA, Indicators, Lessons, strategies, Video… Welcome to FXGears. strategy works for nasdaq 100 as Every strategy has a different edge. It's not uncommon to see scalpers having upward of 80% as winrate. Hello guys, can anyone suggest the right way to enter the trade on 1 minute or 3 minute timeframes for scalping? Well, in general, I'm using the "Bollinger Bands" scalping technique, which means when candlesticks cross the upper BB bands, I enter short selling, and vice versa. I prefer gold because of the volume it offers, as it has an excellent amount of volatility. It is particularly popular among day traders who wish to capitalize on the volatility in gold prices. The micros especially take a big bite relative to number of ticks. If you apply a strategy without thinking about price action, it'll never make you profitable. One thing I would say is a 60% win rate isn't always gonna be a 60% win rate. The “XAUUSD 1-Minute Scalping Strategy” is a short-term trading strategy specifically designed for the XAUUSD forex currency pair on the 1-minute timeframe. Al Brooks - Trading Price Action Trends - Technical Analysis of Price Charts Bar by Bar for the Serious Trader Bob Volman - Understanding Price Action - Practical Analysis of the 5-minute time frame Welcome to FXGears. My Easy 5 Min Scalping Strategy. Options are crazy volatile, especially on TSLA, so it's best to take your win and jump out vs letting it reverse on you for a loss. Using bespoke indicators on Ctrader, I succeeded at reaching 30% return on the account in 3. Edit: id like to add that a 50% win rate is quite low for a scalping strategy… it should be up around 70-90%, at least in small cap nasdaqs, i dont know about futures. Forex trading Robots and various Expert Advisors! Members Online Welcome to FXGears. Tos has an "on demand" feature. Your decision making should be focused on scratching or profit. To establish gold scalping, you will need a typical Forex trading platform such as I stopped scalping a few years ago because I had the same problem. Reddit scalping strategy for Gold - XAU/USD Scalping system to trade spot Gold (XAU/USD) In this article we are going to introduce a scalping trading system designed for trading spot gold (XAU/USD), which can be quite profitable if the trader follows the rules carefully. Learned this the hard way. However, after testing the concept on a demo account for a month, I moved the strategy to a live account. Aug 28, 2024 · A 5-Minute Gold Scalping Strategy . I still spend an hour or two every weekend doing this to confirm my strategy still works and to try to improve and learn BRN = Big Round Number, like for USDJPY 100. Oct 13, 2024 · Download a Collection of Indicators, Courses, and EA for FREE. Parabolic SAR Indicator Strategy. So enter quick, collect pips and out. I’ve got funded accounts with FTMO but on my Personal I use pepperstone, spreads tend to be around 10-14 but there’s no zero commission on gold, perfect for scalping, especially if you’re jumping in and out the market 20-50 trades a day Welcome to FXGears. London Open Scalping Strategy Example of Trade Setup. Your problem with the 2:1 strategy is most likely your mindset, and that’s perfectly fine. This tells me how much of my bank the strategy can potentially lose. Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. Join us to explore the game's challenges, mechanic's, lore and environments and share our love for this thrilling game. 20 etc (every 100 pips basically). It doesn’t move like forex pairs. Gold Scalping Trading System Explained. Scalping is 90% accurate with a win/loss of 1:3 or maybe even more like 1:5. Dec 6, 2022 · 値動きが活発なため短時間のスキャルピングでも広い値幅が狙えるゴールドのスキャルピング。 トレードの時間を多くは取れない人でもサクッとまとまった利益を狙えるため人気のトレードスタイルです。 47 votes, 87 comments. On this community our goal is to share most latest forex trading manual and automated strategies. Creating a gold scalping strategy depends on individual preferences, and my tips below will help new scalpers to test various combinations until they develop the one that suits their trading style. View community ranking In the Top 1% of largest communities on Reddit. I also consider the max draw down of the strategy. The best scalping strategies. i use the daily pivots points to determine target profit exit and stop loss levels. Ah interesting, thanks. S/R zones are beneficial to any strategy so using them would be a good idea. For beginners why not stick to day trading (frankly imo the only way to make consistent money)? You need to understand the market dynamics well enough to know when there is an imbalance that can bring you small profits. Apr 12, 2024 · Overview. It can see volatile a random pair to trade. Otherwise, good strategy. In fact, I prefer profit factor of at least 3. I was still profitable, but it mentally drained me, so I changed my strategy and started looking for more long term trades on multiple pairs. If you believe this was a mistake, please kindly message the mods. Bob Volman - Forex Price Action Scalping an in-depth look into the field of professional scalping. This indicates a tight stop relative to the potential profit. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. The secret of scalping in general is what I call explicit trading, i. No one in their right mind will teach you this though. 1. . The results are getting better as Im getting more used to the strategy and isolating specific stocks which Im more familiar with. com, a trading forum run by professional traders. Be very aware of margin requirements for your broker and how holding a position through open and close impacts margin requirements. Range edges, are the top most part and bottom most part. It's more about taking very high probable small-movement trades. Profitable strategies can predict the behavior of the simple strategies, and trade based on that. I love how volatile it is because it leads me to believe that it would be a good pair to trade daily. 1K subscribers in the ForexCracked community. I've been trading for over thirty years and if you find a successful way to scalp gold, you may want to write a book, play the lottery and start throwing darts at random penny stock symbols because those are more likely to be successful. A loss is for when you were wrong quicker than you were able to recognise you were about to be wrong. Gives a chance to know what levels are solid and tradeable for 5-60 seconds. PATs has been a successful strategy for over 20 years now from what I understand in any type of market condition, so I’m literally betting on it continuing to be remain an edge. If it's a Thursday or Friday, I'll roll to the next week options chain, as it helps preserve profits as the IV crush can be nasty on a 0 DTE option. popular-all-usersAskReddit-pics-funny-movies-gaming-worldnews-news-todayilearned-nottheonion-explainlikeimfive-mildlyinteresting-DIY-videos This article will guide you through proven XAUUSD scalping strategies, tips for getting started, and potential pitfalls to watch out for. Gold is a commodity it prices are heavily influenced by basic demand and supply even more so than forex pairs. this strategy is slick. I trade in the direction of the first 5 minute candle after the open. And I think there are relatively few market participants. Magnified gains corresponds to magnified losses. Fun to be very active in the market. It has worked decently well, but not as good i think it can. A few days ago gold skyrocketed 400 pips in one minute. EDIT These are nice trades though Welcome to FXGears. We will review your case and get back to you. 00, 100. Therefore, for novices, I recommend that you first become familiar with and master the trading of other currency pairs, and then gradually gain a deeper understanding of the characteristics and risks of gold trading. We also encourage members to post news, rumors, and updates related to the game. Ill definitely check back in, in 3months regardless of obvious sarcasm. No set strategy for futures scalping. I focused on scalping gold and after 5 or 6 profitable trades, I'd have a 5 to 6 consecutive losing trades. This is my exact strategy. New comments I tweaked this strategy like the guy with the long comment suggested. Stop loss is to protect against a catastrophe. The image above shows a EUR/USD M1 chart where the stochastic oscillator enters the oversold zone, and a bullish pin bar appears. If youre Interested in watching live examples, I'd definitely recommend it. All I do I scalp options, usually weeklies. Scalping is literally taking profits off small price movements, so if you're wanting to hold for bigger gains, scalping ain't for you. It can move in one direction for weeks without pullback. We are talking about the same thing. The term stochastic refers to the Welcome to FXGears. Slight misconception - scalping doesn't necessarily mean tons of trades per day. That and they dont push courses or merch so thats nice lol Personally I spent years reading/listening to everything out there and I've tried almost every strategy before settling on the very few strategies that I currently use. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. The necessary conditions for gold scalping include frequent trading opportunities throughout the day and the use of indicators such as EMA, SMA, and MACD for analyzing trade entries and exits. I’ve been doing quite a lot of digging around looking for ways to trade gold, I have been mucking around with forex for about 4-5 months now and i’m really trying to buckle down and find a profitable strategy for trading gold. If you're scalping, you should be in and out in only a couple minutes at the most. A place for redditors to discuss quantitative trading, statistical methods, econometrics, programming, implementation, automated strategies, and bounce ideas off each other for constructive criticism. also 13 50 moving average cross over is one of my entry rules. Sizing those up and executing these perfectly is the main focus. What I am doing when anchoring to a high volume reversal is you can now see where the average buyer/seller is from that high/low. ended up with a 2k loss on a 1 contract trade (on my sim account lol). I've worked myself up to a $10k position on each trade. I dont' try to trade everything, and my biggest jump in performance came when I stopped trying to trade every day and only traded when I was confident in the setup. Be sure to think about how fees would impact your scalping. edit subscriptions. There is an absolute "No Troll" policy - this is a place where traders can learn and help each other. A choppy day for gold means its stuck in a 100 pip range. All I need is $. Ema, Rsi, Vwap- with a trend My first gold camo on vanguard! Silver Trend Following Scalping Strategy for MT5 FREE Download 😍😍💸🤘 Get Premium EA and indicators ,lessons strategies free everyday 💸 Link in Bio 💸#forex #forexea #forexexpert #forexexpertadvisor #forexexpertadvisorsfree #forexcracked #freeforexsignals #freeforexearobot #forexrobot #forextrading In this article we will discuss how the gold scalping strategy can be risky but still a good choice for those who anticipate higher gains if compared to those generated when buying or selling the precious metal physically. Feb 15, 2024 · The 1-minute Gold Scalping Strategy in Forex trading is a high-frequency trading strategy designed for those who wish to try engaging in rapid trades with small potential targets. Nov 19, 2024 · Gold scalping in Forex is a highly effective trading strategy that allows traders to profit from small price movements. But I feel like the 5m chart is too slow in the morning when there is a lot of volatility. There is always gonna be variance and random distribution of results, even with a successfully tested edge. A place to discuss forex strategy, ideas, analysis, and concepts. If you’re letting trades run to a stop loss, you’ve already failed your scalping strategy. I am a couple weeks in using this strategy and becoming increasingly profitable. I'm typically trading off market hours and the movement is much slower, it sounds like you're probably trading higher volume times. "Degenerate Candlesticks" on YouTube is currently doing a small account challenge utilizing a scalping strategy. If you really insist on scalping, look into one-minute scalping strategy. These people are weird man, I don’t even understand it, everything is right there and no one does that, a select few 99 percent don’t show none of it, they are stuck with their decision, I probably have more hours on YouTube watching everyone then most and Don is one of the few I think is real, may not have the best strategy, a bad rr even r/scalping: The home for discussion of stock and futures scalping. How so? It's not that hard. Even the simplest strategy requires complex infrastructure to execute. My point was that others’ entry strategies may have such a lower probability of running and higher probability of short term reversal that, in those cases, TP at the point that the majority of cases reverse is the more profitable play. Various market generated metrics I watch continuously: Welcome to FXGears. But i do agree gold can sometimes move 500-1000 pips a day. That is just one example, where I've had the best results. 0 when considering a strategy. Prices are driven by trades. The strategy is solid, i just need to improve my ability and skill in following it. For about a year now I have been trying to find a scalping strategy (1 minute or 5 minute) that has a high win rate and at the same time also provides at least 2-3 trading opportunities in a forex major pair every day. Gold isn’t forex, gold is a precious metal which has great volatility. You have to be a step ahead. Scalping is more likely to be done watching a DOM so that you can literally watch the ranges being bounced around. Dont give up,keep backtesting strategies( reccomend tos for this). When it comes to high, it can go up for a moment but in a long run it will inevitably lead to loss. e. They've made a lot of mistakes so its been a useful learning tool. What I m trying now on gold (maybe it ll help) is a strategy based on three indicators (the supertrend indicator and a simple EMA + the AO) and it’s been yielding some nice results with proper risk management in place. Would love to find a reasonable way to avoid that. To each their own. Articles, links, etc are all welcome. otherwise its full account trading for small moves over and over, i despise utilizing and really risking more than 10-15% of the account on any given position all it would take for the market is a few wrong scalps to spin your account and from there emotions Get the Reddit app Scan this QR code to download the app now METATRADER4: Gold Scalping FOREX Trading Strategy- XAUUSD (High winning Locked post. knowing the technical levels the big guys use for gauging/mediating price strength and then trading directly on their back. RSI (Relative Strength Index) Strategy. Welcome to FXGears. FUTURES/OPTIONS/CRYPTO TRADERS WELCOME! This community is devoted to the teaching of strategies and resources to help traders become consistently profitable. Ready to dive in? Let’s get into it! Jun 10, 2023 · With more than 10 years of experience in trading, I have found the best gold scalping strategy. 50c and I set my stop at that level that way I lock in my daily goal. I would not ever consider a strategy that returned less than this. 2 days ago · my subreddits. Get the Reddit app Scan this QR code to download the app now Best Scalping Strategy in Forex Trading 2024 | Profitable Scalping Strategy #xauusd #gold GENERAL VID That’s your strategy for the entry pattern you look for and you’ve clearly optimized it to work for you. It has way too many factors which impact it. I want to learn some 5 minute strategies because they’d allow me to be in trade longer. 2 days around 50% gain and third day (Friday) around 90% loss :))) Before that had some successful trades over the long term, even one on news, all on low leverage. jnob yqsmnqqi kpatml yopnuoc ncbx kut hamje susah upjn neaqaw