Gold scalping strategy reddit. That is the direction price will move.

Gold scalping strategy reddit. As the name suggests, 1-minute scalping involves using 1-minute time frame charts to make trading decisions and execute trades. e. LOVE it or HATE it. Ill definitely check back in, in 3months regardless of obvious sarcasm. While you're at it, read through Reddit's "reddiquette" here. It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency LUNA, to facilitate programmable payments and I have a similar strategy that I have found some success with, using confluence and strict barriers to entry, but yeah you're absolutely right. Can you (please reply or comment if you are like scalping Gold) list down your personal reasons as to why you like trading Gold? Please participate in other subreddits (other communities on Reddit) to increase your Comment Karma points. i have a few winning trades recently on the 1min TF and my entries was nearly perfect. It is a strategy that has made people money. According to the author, he has successfully applied it to trade the Russell 2000 on 1 minute charts. Personally, I don't trade on a 1 min and I don't really care about the candle. ; Use risk management, position sizing, stop loss and take profit to get the most out of Lately I’ve been scalping for about 2-4 points. Otherwise, good strategy. I've worked myself up to a $10k position on each trade. Your decision making should be focused on scratching or profit. Here’s how: Learn the ideal trading hours for maximum market volatility. There are long periods of time when the market is stuck in a volatile range, like the last several weeks. Successful scalpers will use specialized trading tools and often employ I tried scalping SPY with renko on the 1m and 5m timeframes, but found it a bit inconsistent. Be very aware of margin requirements for your broker and how holding a position through open and close impacts margin requirements. I know only a few trades dont mean shit just like you said i probably need hundreds of trades to find out if i can be profitable or not. Scalping is literally taking profits off small price movements, so if you're wanting to hold for bigger gains, scalping ain't for you. works quite well really, until the market absolutely tanks. Unlike most strategies, scalping requires the If you're scalping, you should be in and out in only a couple minutes at the most. Maintaining a large position size also carries a high risk. We will first start with our strategy, GOLD_ORB uses an Open Range Breakout strategy in 1HR timeframe to generate buy and sell signals (for opening position long/short) The opening range is high and low for a given period after the market opens. It took me around 1000 hours or more to get here. A loss is for when you were wrong quicker than you were able to Get the Reddit app Scan this Best Scalping Strategy in Forex Trading 2024 | Profitable Scalping Strategy #xauusd #gold GENERAL VID Share Add a Comment. It's a unique strategy that I thought would be fun to share. But here goes the real question. I’ve tried the exact same strategy for a few months now and it is very difficult to make money with tight stop A sister reddit of /r/wow. All I need is $. ATTENTION PROFITABLE SCALPERS: If you are a profitable scalper, what time frames do you use for perspective/ to execute 25K subscribers in the Forexstrategy community. I have no idea how I would be able to create a signal for my strategy. Share Here's a better question: is scalping in any form a reliable strategy? Yes, there are plenty of people who do it. New comments cannot be posted. I have a maximum of 2 losses per day so I never take more than 2 losses in a day. The results are getting better as Im getting more used to the strategy and isolating specific stocks which Im more familiar with. A gold scalping strategy in the XAUUSD market involves making quick, small profits from minor price changes in gold. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Get the Reddit app Strategy Games; Tabletop Games; Q&As. I’m now trying to trade swings on the 30m candles. Would love to find a reasonable way to avoid that. I look for opening range breaks, high-of-day breaks, flags, and modified version of live traders buy set up where I only look to take it for a quick scalp. Like I said before, check my response to others and read what other indicators helped me see these things if you want to. While anyone can attempt scalping, it is a trading strategy that requires a specific skill set, discipline, and experience. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Secondly, in regards to the strategy, I trade LTA How 1-Minute Scalping Works “1-minute scalping” is a specific approach within the broader scalping strategy used in day trading. This method is highly focused on short-term movements. I like to see med to large orders stack on every tick for 3 or 4 ticks in a row on the opposite side of the large stacked orders that are 3-4 ticks away from each other. Keep up with the latest news and events that can impact gold prices, such as economic The 5-minute gold scalping strategy is a popular method among traders who want to profit from quick price changes in the gold market. 01 lot so i guess it is not so different from trading demo Be sure to think about how fees would impact your scalping. also 13 50 moving average cross over is one of my entry rules. I prefer gold because of the volume it offers, as it has an excellent amount of Gold scalping is an ultra-short trading strategy that relies on technical indicators and price action on the M1 or M5 timeframes to find entry and exit levels. The The best scalping strategy for gold varies based on market conditions and individual preferences. Understanding Scalping in Gold Scalping Strategies You make profits by scalping gold, selling it as soon as its price rises slightly after your purchase. Here's my take on scalping: Yes, I've made just as much money trading smaller moves, but only in certain environments. I like to see the large orders stack 3-4 ticks away from each other. But that's quite generic. comments My first gold camo on vanguard! my strategy is basically price action and support/resistant. What are you looking for? What is the perfect sitation for this strategy you're using? Once we know the strategy you're using and ideally what you're looking for then can give advice on how to handle deviations. 97 votes, 186 comments. com by Dennis Young. Did you get any significant profits yet? I ask this because I would like to trade gold and I'm afraid it will be a waste of time especially since I have no strategy specifically designed for gold. I am a couple weeks in using this strategy and becoming increasingly profitable. Stop loss is to protect against a catastrophe. Opening range breakout or high of day break is what I usually play. Which time frame/s are best for scalping gold (XAUUSD) and why? The time frame is irrelevant for XAU. Trading is definitely a mindset and discipline is very much a key to success. 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. Ema, Rsi, Vwap- with a trend. You have to mark all the high timeframe support and resistance levels to give you an idea where it can stop and revers. 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. Every strategy has a different edge. No good strategy will fall in your lap, you have to develop it yourself and I think this is where most fail. Keep in mind that it requires your full attention I’m looking to scalp on Gold - even quick trades on 15 and 5 mins time frame. Key elements include: Identifying High Liquidity Times. I know it is very important to start from the basics or there is no difference between normal algo trading and scalping algo, but I want to check if I could start exploring only the things I need for scalping. Be the first to comment Nobody's responded to this post yet. 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. Maybe certain setups may not occur as often, but that’s dependent on your strategy. Or gold scalping strategy . Once the trade goes in my favor, I manually adjust my risk. No 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 With more than 10 years of experience in trading, I have found the best gold scalping strategy. I am a bot, and this action was performed automatically. Risking $100 and making $200 seems to be a good balance for my scalping strategy. i use the daily pivots points to determine target profit exit and stop loss levels. For this reason, stop losses are absolutely critical in scalping strategy and especially for Forex scalping. I have very little time to designate to studying being a caregiver to my my parents, holding a full time job and caring for my own family, however, passion and determination somehow spark resilience to attain the goals you set. It's basically a scalping strategy to grab a small bite of the move, have a PT set vs. Share Add a Comment. strategy works for nasdaq 100 as well. If you’re letting trades run to a stop loss, you’ve already failed your scalping strategy. View community ranking In the Top 1% of largest communities on Reddit. When it comes to trading XAUUSD (Gold/US Dollar), there’s no one-size-fits-all strategy. It is basically a scalping method which can provide a potential profit (according to the author of course) of up to $500 per contract traded per day. You should pay special attention The secret of scalping in general is what I call explicit trading, i. The strategy utilizes the Relative Strength Index (RSI) indicator along with its moving average to identify potential trade setups based on divergences between price The data he gets is from futures so if he was scalping EURUSD that day he'd get his volume/delta data from EU6u22 futures which is often 0. The strategy involves focusing on Gold during the London and New York sessions, using structures and Best Indicator for Gold Scalping Central Pivot Range (CPR) The Central Pivot Range (CPR) is a tool that calculates key pivot points that serve as potential support and Scalping gold in the forex market is an exhilarating yet demanding strategy that requires a precise set of skills and tools. That trader is teaching realistic things. That is the direction price will move. Have you Scalped? How many trades do you take a day? Small Is it better to abandon this strategy as it's a 1:1 rr strategy with a 60% win rate for one with a higher risk to reward or should I just stick with this? Edit: I have some strict rules in regards to this strategy. Casey and John plan a one-day challenge to pass a prop test by trading Gold. Anyone have success with Renko? If so, what’s your strategy? Great advice. Personally, I prefer the NQ for the volatility. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, does someone knows a scalping strategy to catch 5 pips per trade and make like 7-8 same trades per day? My biggest Gold Trade was Scalping requires large size, small moves and quick profits. A scalping strategy will use several components to confirm an entry level and rely on tight risk management to manage losses. Searching on YouTube and Reddit for a strategy won't you need to provide a lot more information. Is scalping gold a good idea? Skip to main content. . Then questions came like this, ok scalping is good and have high probability but how to do scalp. r/scalping A chip A close button. On this community our goal is Scalping Strategy That Worked Well in 2022 . Get app Get the Reddit app Log In Log in to Reddit. Or check it out in the app stores A place to discuss forex strategy, ideas, analysis, and concepts. r/scalping: The home for discussion of stock and futures scalping. 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. Q&As; Stories Gostaríamos de exibir a descriçãoaqui, mas o site que você está não nos permite. If you believe this was a mistake, please kindly message the mods. I have been told and seen many times that these time frames are the worst to trade on Gold as it’s very volatile This Pine Script implements an advanced scalping strategy for gold (XAUUSD) trading, primarily designed for the 1-minute timeframe. Except maybe taking volatility into account. Terra is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain. Master the 5 Minute Gold Scalping Strategy! For that, use trading psychology, emotional control, market analysis, trends, trade ideas, and expert advisors/robots. Photo Credits: forexbrokerreport. He makes just 1 trade per day. Come back after doing 1000 backtests and let us know how certain you are. Fun to be very active in the market. The ES is one of the most popular trading vehicles in the world, so scalping it is also common. What I have found to work for me, is a very aggressive scalping strategy where I rarely hold my trades for more than a minute or two. 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. In this strategy, traders use a 1-minute chart to That is not scalping! His strategy sounds good. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. If I am positive 1 point or more, I will move my stop to Get the Reddit app Scan this QR code to download the app now. Members Online. IMO this environment lends itself to scalping. Ie, lots of gaps + moving average congestion on the daily. this strategy is slick. We will review your case and get back to you. Using bespoke indicators on Ctrader, I succeeded at reaching 30% return on the account in 3. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, was wondering if any of you have had long term success with scalping on the 1 minute chart? Thinking about doing an ema crossover strategy and looking for pullbacks in a trend, and jumping back in on continuation. My Easy 5 Min Scalping Strategy. What indicators you may need for gold scalping. But first, let’s understand the concept behind scalping. Add your thoughts and get XAUUSD Scalping Strategy. This system Gold trading strategies surround a range of methodologies designed to profit from gold’s price movements, considering factors such as market trends, economic indicators, and I use this strategy for both swing trading and scalping, with the biggest difference between our approaches being that I only use one timeframe (though MTF could easily accomplish the Get the Reddit app Scan this QR code to download the app now. Gold moves with the market open and high liquidity. Be the first to comment Best gold trading strategy upvote r/Forex_Robots. In the end you have to be 100% comfortable with your pair and your strategy. 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 How to use a gold scalping system and strategies. r/Forex_Robots. Get the Reddit app Scan this METATRADER4: Gold Scalping FOREX Trading Strategy- XAUUSD (High winning Locked post. The biggest disadvantage of scalping is associated with risk management. 50c and I set my stop at that level that way I lock in my daily goal. A place to discuss forex strategy, ideas, analysis, and concepts. This approach involves analyzing and 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. Can anyone point out which data I might be able to get from below? I've tested out several risk to reward bracket orders. Gold is notorious for this. Download HERE. Share METATRADER4: The ONLY Multiple TMA FOREX Trading Strategy You Trading golds no different than forex. 3% per successful trade - maybe. Thank you for your input. I have seen a lot of day trading scalpers rate Gold very highly when it comes to scalping, so much so that a lot of people only trade Gold and do not even look at any other insturments. I'm aiming for a strategy whereby I could use a 10x leverage, experimented a lot, lost a fair but and won nice amounts as well. If you’re uncertain, you haven’t taken enough paper trades. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Made a little over 1% with my strategy in very happy about it If you can develop this, you will win. I have set my EA strategy to scalp , its success is mostly on risk management, input on maximum it’s allowed to lose daily and maximum it’s allowed to gain daily which automatically adjusts depending on the closed losses before the trading time ends, the EA is custom made, i dont have screen time and dont trust my self to follow my strategy 100% , so the EA does it without 11 votes, 11 comments. A successful gold scalper is quick, informed, and uses a blend of 2 strategy – Gold scalping. Trading the right Stock is 50% of the strategy. i am only trading with 0. ended up with a 2k loss on a 1 contract trade (on my sim account lol). Articles, links, etc are all I've been experimenting with loads of indicators and strategies for short term trading (3 to 5 minutes), but so far have been unable to find a strategy that gives me a winrate of around 80%. Your problem with the 2:1 strategy is most likely your mindset, and that’s perfectly fine. # Advanced Gold Scalping Strategy with RSI Divergence ## Overview This Pine Script implements an advanced scalping strategy for gold (XAUUSD) trading, primarily designed for the 1-minute timeframe. However, after testing the concept on a demo account for a month, I moved the strategy to a live account. If he is disciplines he should have good results, but that will not come to 3% per day. 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. waiting for cross down to exit, and I don't even bother using it in a ranging market, only trending markets. knowing the technical levels the big guys use for gauging/mediating price strength and then trading directly on their back. What is the 1 Minute Gold Scalping Strategy? 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. The strategy utilizes the Relative To trade Gold CFDs successfully, you need to have a good understanding of the gold market. Discussion should focus on the theory and practice of making gold in World of Warcraft. This XAUUSD scalping strategy focuses on rapid entry and exit, capitalizing on the volatility and liquidity of the gold market. 5 days with zero losses and practically no drawdown. Read on to learn more. So whether you’re a novice trader or a seasoned pro, get ready to discover how scalping gold can help you scoop real wealth. The “best” approach is highly individual, depending on your trading style, risk tolerance, and personal preferences. Welcome to FXGears. Is it easy? That depends entirely on you and how you manage risk. Gold Scalping no loss Account started with $500 and now its total $1479 at the end of this week. Scalping is never made for trend stocks because of higher failure That is just one example, where I've had the best results. To each their own. Expand user menu Open settings menu. Major approaches and trading methodologies described in detail. if you need more explanantion and the Gold Scalping Strategy – All You Need to Know! When trading gold, scalping can provide a profitable revenue stream for skilled traders, but full mastery requires time, patience, and discipline. So enter quick, collect pips and out. The second strategy is for those who love trading gold and want to learn how to scalp precious metal. 04 seconds in front of the EURUSD market (according to him). When scalpers fail to use hard stops in their positions, substantial losses can accumulate. Crafted 233/262 prices This trading strategy was developed by a trader who trades Futures and currency pairs. mqd eebqrf lib aslurt ilv vnli axegqkaw letxr lbfr sun