Best gold scalping strategy reddit. com, a trading forum run by professional traders.

Best gold scalping strategy reddit This article will guide you through proven XAUUSD scalping strategies, tips for getting started, and potential pitfalls to watch out for. He is my best sentiment indicator and counter trading him has yielded almost a 100% win rate. To score quick points on forex you need liquidity. Profitable strategies can predict the behavior of the simple strategies, and trade based on that. Are you interested in day trading or scalping? Big difference. I’ve tried trailing , but it seems that it gets stopped out more often than not from small pullbacks. Best Scalping Strategy in Forex Trading 2024 | Profitable Scalping Strategy #xauusd #gold Welcome to FXGears. There is an absolute "No Troll" policy - this is a place where traders can learn and help each other. Had a profitable scalp earlier where I used both. Ill definitely check back in, in 3months regardless of obvious sarcasm. I’m looking to scalp on Gold - even quick trades on 15 and 5 mins time frame. It's more about taking very high probable small-movement trades. I was also scalping gold past week. Trading the right Stock is 50% of the strategy. Traders use this technical indicator for obtaining buying and selling signals that stem from crossovers and divergences of the historical averages. You have to be a step ahead. From fundamentals, price action, charting and divergences. I’m willing to learn. The term stochastic refers to the Crypto. The Law School Admission Test (LSAT) is the test required to get into an ABA law school. Share your strategies, tips, and favorite moments with fellow fans. Gold Scalping Trading System Explained. The profitability is quite good. Scalping requires large size, small moves and quick profits. If you’re new, then “scalping” is the best way to lose most of your equity within a few weeks. It took me around 1000 hours or more to get here. 1. Personally, I find value in using both the MACD and RSI in my trading strategy. Here's a better question: is scalping in any form a reliable strategy? Yes, there are plenty of people who do it. Scalping is 90% accurate with a win/loss of 1:3 or maybe even more like 1:5. Crypto. Choosing the right timeframe is crucial for successful scalping in the gold market. You can scalp this pair all day long. Remember, successful scalping requires thorough market analysis, risk management, and swift execution. 1K subscribers in the ForexCracked community. If you really want to invest and make cash then trading with high leverage on a 1 minute scale isn't the best way to go. r/scalping: The home for discussion of stock and futures scalping. It's not uncommon to see scalpers having upward of 80% as winrate. 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 STEPN is a Web3 lifestyle app with Social-Fi and Game-Fi elements that uses a dual-token system. Honestly, do not learn about candle stick patterns, they are meaningless and will ruin your trading. Prices are driven by trades. Is it easy? That depends entirely on you and how you manage risk. Anyone here who currently trades Gold on these lower time frame and is consistently profitable, please could you drop some advice. I've worked myself up to a $10k position on each trade. You should not be relying on indicators alone to develop this sense. Simple, well-known strategies are going to be the ones that more people are using. Then questions came like this, ok scalping is good and have high probability but how to do scalp. It can move in one direction for weeks without pullback. To establish gold scalping, you will need a typical Forex trading platform such as Every strategy has a different edge. Key indicators such as moving averages, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence) are commonly used to try identifying potential trading opportunities. I use FP Markets because their spreads are also stable even during volatile conditions, and there is no No-Dealing Desk. Referencing your comment you have a 100% win rate scalping your first two days. So enter quick, collect pips and out. There is always gonna be variance and random distribution of results, even with a successfully tested edge. 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 Oct 17, 2024 · Understanding EMA Scalping EMA Scalping Strategies What is EMA Scalping? EMA scalping is a trading strategy that uses Exponential Moving Averages to identify short-term trends and potential entry and exit points. Apr 12, 2024 · Overview. Keep in mind no strategy is perfect and this is just what works for me right now. 20 etc (every 100 pips basically). All I need is $. Post any questions you have, there are lots of redditors with LSAT knowledge waiting to help. Nov 19, 2024 · Gold scalping in Forex focuses on quick trades to profit from small price movements in the gold market. It doesn’t move like forex pairs. RSI (Relative Strength Index) Strategy. With the CopyFX Investor account, investors can subscribe to a professional trader's account and replicate all their trades without having to deal with complicated trading strategies or platforms. The best scalping strategies. Welcome to FXGears. That particular strategy gets the best results right when the market opens at 9:30 and after halts, but also happens during the day. It can see volatile a random pair to trade. 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. Reddit Forex Scalping Strategies: 1- Scalping trading using the stochastic oscillator. The price needs to make a pullback into the 50 EMA. 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. I am referring to the XAU/USD pair, which has the perfect amount of flexibility that you can use to your advantage. For example squeezes and flushes are way more identifiable on the 1m chart so usually I make a plan using the 1m chart. 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 am very got into trading XAUUSD whats the… Some of the best strategies utilize “now or never” Approach. This community is devoted to the teaching of strategies and resources to help traders become consistently profitable. Jun 17, 2024 · Strategies for gold trading vary widely, from short-term approaches like collapse and range trading to long-term investment perspectives centered on macroeconomic trends and hedging against market risks. ForexCracked Official subreddit; Share and Discuss Forex EA, Indicators, Lessons, strategies, Video… Welcome to FXGears. 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. Scalpers hold positions briefly, often for seconds or minutes. Thanks Welcome to FXGears. For day trading I look at the 4h and 1h charts, take entries on the 5mn chart (30 to 40pips I’m out). I've been trading forex for a bit and know that things like low spreads, decent leverage, and quick execution are key, especially for scalping. Even the simplest strategy requires complex infrastructure to execute. Personally, I prefer the NQ for the volatility. I kinda regret why it is only now that I have backtested and observed gold in depth. Fighting for price is throwing out orders when those few second opportunities appear, stopping out, and getting back in or adding during the “now or never” moments. Aug 28, 2024 · Traders using a gold scalping strategy also use the M30 to H1 timeframes to analyze the short-term trend, as trading in the direction of the trend can increase the profitability of the gold scalping strategy. But I feel like the 5m chart is too slow in the morning when there is a lot of volatility. But i do agree gold can sometimes move 500-1000 pips a day. Searching on YouTube and Reddit for a strategy won't land you something interesting, been there done that. For scalping, the best choice of broker is an ECN because they have lower spreads, so brokers like Global Prime and FP Markets are good choices. Look at he market structures. Don’t go against the trend. A Lot Of People Keep Questioning / Putting Down My Strategies Since My First Thread. Scalping is never made for trend stocks because of higher failure I Have Made Over 300K Scalping On TOS Since May 2020 (Little More On My Other Broker). @betsuni_123 have you tried this strategy with the moon averages? I will be honest. The best place on Reddit for LSAT advice. com is the best place to buy, sell, and pay with crypto. 2-0. 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. Learned this the hard way. Find out the best scalping system by following the easy step guide. 🏃🏾🏃‍♀️🏃🏻‍♂️ _____ Users can trade their NFTs on the in-app marketplace. Specifically, I'm wondering about how to best leverage trading post positioning and trade route durations to efficiently accomplish that. 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 Don’t trade gold if you’re new to trading. You learn to recognize certain patterns and act on them. The hardest part of options is picking the right option strike that won’t decay faster than it gains in price. Jun 10, 2023 · With more than 10 years of experience in trading, I have found the best gold scalping strategy. When it comes to high, it can go up for a moment but in a long run it will inevitably lead to loss. Can’t wait to start fresh next week and use these guidelines. All of your brain power must be focused on how the price moves. For scalping I use the 15mn timeframe to establish short trends and take entries on the 1mn or 3mn charts (5 to 10 pips and I’m out). You won’t always win but I have found that if you play it right, you can win most of the time. Time frames in which to operate: This strategy has been designed for time frames of 5 and 15 minutes. Check out the sidebar for intro guides. If anyone has a better strategy then pls suggest. That are probably the worst conditions for a retail trader with no experience to start with Trading isn't done properly in a year of hustling, it's not won by learning and trading 8 hours a day for a year and it certainly isn't mastered by only trying out scalping, or even worse just one scalping strategy. Scalping can be achieved by using the stochastic oscillator. com Exchange and Crypto. Your problem with the 2:1 strategy is most likely your mindset, and that’s perfectly fine. The best way to scalp is with a tick chart + 1m chart or the price ladder. Seneca This sub is dedicated to all the investors and traders passionate about the Uranium market and to all the people, scientist or not, who believe in nuclear energy / nuclear power generation to fight climate change. if you don't have your own ideas for gaining an edge in various market Welcome to FXGears. Gotta learn price action too. Its established history and widespread adoption contribute to its attractiveness for scalpers. I eventually worked my way back into the buy side again, mostly for hedging the CSPs. And Sometimes the desired entry or exit price is only available for a couple seconds. This is the VuManChu Cypher B+ EMA Pullback Strategy. Don’t try to make any conclusions based on ten trades. 10, 100. You need 1,000 to know if a strategy is actually working and has a meaningful edge. S/R zones are beneficial to any strategy so using them would be a good idea. When Is the Best Time to Scalp Gold? The gold scalping strategy will determine the best time to scalp gold. 0 spot gold trading strategies. Moving average strategy. I mainly scalp ES, but I think NQ is better for scalping. GOOD VIBES ONLY🥇 Luck is what happens when preparation meets opportunity. Gold scalping is fast-paced. com Visa Card — the world’s most widely available crypto card, the Crypto. You can eventually combine them to get the best of both worlds. com DeFi Wallet. Now, since the spreads are so low, I want to give scalping a shot. Forex trading Robots and various Expert Advisors! Hey I’d say scalping involves a certain amount of intuition. To each their own. Aug 5, 2023 · In this comprehensive guide, we will explore the best scalping strategy for trading gold, including essential aspects such as timeframes, technical indicators, risk management, and market conditions. 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'm looking for the best forex broker for scalping and could use some advice. 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. “Scalping” is just a silly term for short-term low-point trading. Indeed, each of these indicators - Stochastic, RSI, and MACD - provides a unique perspective on price momentum and potential reversals. Scalping is more likely to be done watching a DOM so that you can literally watch the ranges being bounced around. One of the most crucial things to being successful as well is to take quality In your opinion what is the best stop loss strategy for scalping really low time frames like the 1-5 minute. Gold isn’t forex, gold is a precious metal which has great volatility. strategy works for nasdaq 100 as 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. 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. The price must be above the 200 EMA. 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. Scalping doesn't mean take a huge position that will eat your account alive. i use the daily pivots points to determine target profit exit and stop loss levels. 47 votes, 87 comments. Gold makes specific market structures and the structures do react. The EMA indicator is regarded as one of the best indicators for scalping since it responds more quickly to recent price changes than to older price changes. If your main strategy works, continue to use it. 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. Structure here doesnt mean the bulshit triple top , holligans flag patters or some utensil like the rounding bottom saucepan or whatnot. Gives a chance to know what levels are solid and tradeable for 5-60 seconds. 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. 00, 100. For ES I look at 20tick reversal bars to draw levels and then 10 or 5 tick reversals for entry. One thing I would say is a 60% win rate isn't always gonna be a 60% win rate. 5 pips. In the fast-paced world of Forex trading, the quest for the best scalping system is a common challenge among traders. If you apply a strategy without thinking about price action, it'll never make you profitable. I am a couple weeks in using this strategy and becoming increasingly profitable. Stochastic Oscillator Strategy. BRN = Big Round Number, like for USDJPY 100. 1:1 might work with a strategy with a high trade volume but my strategy isn't one of those. Litecoin (LTC): Known as the silver to Bitcoin's gold, LTC offers relatively high liquidity and volatility, making it suitable for scalping strategies. best book that includes guide to implementing algo trading software or best platform that I can use to implement scalping strategy without wasting 100+ hours on python script? if there were a prescriptive solution then it wouldn't work as the markets are a zero sum game. This system is based on custom technical indicators for Metatrader 4, so unfortunately it can only be used on this I want to learn some 5 minute strategies because they’d allow me to be in trade longer. The fun part starts when he you get to know he runs a paid group and has nearly 80k subs on youtube. 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. That is just one example, where I've had the best results. I love how volatile it is because it leads me to believe that it would be a good pair to trade daily. 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. Scalping has been replaced by high frequency trading, so the only thing left that you can focus on is day trading on minimum 1 or 5 minute timeframe, but typically it's easier if you're on 15m or higher timeframes. RoboForex's CopyFX allows investors to replicate the strategies of professional traders without the need for prior trading experience. This will not always be true obviously. Articles, links, etc are all welcome. A choppy day for gold means its stuck in a 100 pip range. A place to discuss forex strategy, ideas, analysis, and concepts. The results are getting better as Im getting more used to the strategy and isolating specific stocks which Im more familiar with. Daytrading futures, forex, stocks, etc. I've been checking out brokers with metatrader platforms since I like using MT4 or MT5 for their tools and indicators. Even the big boys understand the market is not predictable beyond 5 minutes. 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. Keep Refine It And You Will Find Your Edge In The Market. We also encourage members to post news, rumors, and updates related to the game. Markets in which to operate: This strategy can be put into practice in all markets, including Forex and precious metals. This provides much better opportunity for scalping. And I think there are relatively few market participants. Parabolic SAR Indicator Strategy. My forex provider recently lowered the spreads significantly from ~ 2-5 pips to ~ 0. You can be profitable adhering to any proven strategy. 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. 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. What if i told you that there is a live streamer who publicly bought the weekly highs twice and sold the weekly bottom on gold. This method leverages gold price volatility, aiming for numerous small gains that add up over time. Opening range breakout or high of day break is what I usually play. I prefer gold because of the volume it offers, as it has an excellent amount of volatility. That’s your strategy for the entry pattern you look for and you’ve clearly optimized it to work for you. Be very aware of margin requirements for your broker and how holding a position through open and close impacts margin requirements. This is completely dependent on your strategy, how you read the market etc. On this community our goal is to share most latest forex trading manual and automated strategies. Statistics will show whether you’re gambling or have a repeatable strategy with an edge. I would suggest using AMP Futures for your broker, and selecting Rithmic for your data feed. Hey guys im new trader, doing it 1year and wanted to read some advice and best strategies you guys got. Aug 28, 2024 · What is Gold Scalping? what is the best time to scalp gold? technical indicators for XAUUSD, pros & cons and more. Scalpers aim to make numerous small profits from quick trades, often holding positions for just a few minutes or even seconds. Currently I use ATM strategies thatI have set up on Ninja trader adjusted for market conditions, so I have take profits set at 5 , 10, 12, 20 ticks with stop loses equal so Hey there, I recently discovered a pretty interesting strategy and created a script for it. Be sure to think about how fees would impact your scalping. 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. com, a trading forum run by professional traders. What is the best way to scalp crypto on 5min charts? Currently I use ema 10 and 20 indicators for trades but I usually get the conformation late and can’t find the right exit time. Learn this Simple Scalping Strategy that uses the Best scalping strategy indicator. I started as an options trader in 2021 and quickly realized that I gravitated towards scalping methods and am looking for some resources for good NQ scalping strategies. 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 ---Best Forex Trading Systems: TradeJuice & Forex Trendy Review---Let's set up the Reddit Scalping Strategy. EDIT These are nice trades though Gold is a commodity it prices are heavily influenced by basic demand and supply even more so than forex pairs. Yeah Ive managed to come out positive with my profits in the end manually trading, but unless youre scalping with bots optimized for that trading style honestly its more of a gamble in my opinion. Best results when price is bouncing between support and resistance zones. I really like the moving average strategy if you are simply scalping stock as you just have to get the direction right Nd you are good. Being profitable with something like a PATs strategy scalping one point requires a much higher win rate than swing trading supply and demand zones, especially if you trade low amounts of contracts. They have some of the best daytime margins $$400/ES and $1000/NQ, and they have really cheap commissions. The best you could do is research "smart money concepts" aka SMC, and understand the very basis of what it means. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. The micros especially take a big bite relative to number of ticks. So I don't even look at strategies where they're not talking about resistance and support lol. 50c and I set my stop at that level that way I lock in my daily goal. I’m just really ecstatic to put into action and execution my 2. It has way too many factors which impact it. Bob Volman - Forex Price Action Scalping an in-depth look into the field of professional scalping. Over the course of the last 2ish years my strategy has become entirely dependent on the the pricing of the options. The patterns the peice tend to make at key levels. . But The Truth is Only You Know The In And Out Of Your Strategies. Nov 13, 2024 · The best forex scalping strategies are not solely about the indicators but encompass a holistic approach. It also does not work well for strong trending markets. The ES is one of the most popular trading vehicles in the world, so scalping it is also common. Ready to dive in? Let’s get into it! Feb 15, 2024 · In this strategy, traders use a 1-minute chart to monitor the price movement of gold closely. There is no one size fits all. It is particularly popular among day traders who wish to capitalize on the volatility in gold prices. Slight misconception - scalping doesn't necessarily mean tons of trades per day. Or you can scalp while your main trades are working themselves out. So what is the best place to start ?? The Reddit LSAT Forum. Those VWAPs (daily/weekly/monthly) if you think about it are also anchored to a specific starting price and start time…. Users equip NFT Sneakers – walk, jog or run outdoors to earn tokens and NFTs. also 13 50 moving average cross over is one of my entry rules. 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. The best way to scalp is to use the higher time frame for analysis, take position sizes that will not cripple your account, following your strategy and stop loss and take profit placement. Join us to explore the game's challenges, mechanic's, lore and environments and share our love for this thrilling game. It begins with understanding your risk tolerance, setting clear money management guidelines, and identifying the best positions to enter and exit trades. Jun 10, 2023 · With more than 10 years of experience in trading, I have found the best gold scalping strategy. com serves over 80 million customers today, with the world’s fastest growing crypto app, along with the Crypto. Stop losing money and learn strategies that at least won’t lose money over time. A few days ago gold skyrocketed 400 pips in one minute. true. 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. I've never done it before since the spreads were so big and I always used a different strategy. It works like this: ENTRYLong. If you find you like scalping as well. There are certain market conditions that lend themselves well to scalping. If you've thought about this, or if you select trade routes with an eye toward duration and the trading posts they create, I've love to hear your thoughts and strategy. The most liquid pairs are the biggest currency combinations at the right times: EURUSD or GBPUSD during the London open. Oct 17, 2024 · Understanding EMA Scalping EMA Scalping Strategies What is EMA Scalping? EMA scalping is a trading strategy that uses Exponential Moving Averages to identify short-term trends and potential entry and exit points. Range edges, are the top most part and bottom most part. It will eat your account for breakfast. 7M subscribers in the Daytrading community. 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. wesn fph hnfnqiwo gahit clkum oqimnh yetg lpwjb spgg aenhwqi