Scalping gold reddit. 5% to 2-3% a day Only 1 indicator.
Scalping gold reddit I use the Day trend for direction. It's not uncommon to see scalpers having upward of 80% as winrate. People that are afraid to scalp don’t know how slow the 1 minute chart really is when you treat it like any other time frame: WAIT FOR YOUR SETUP TO PRESENT. You dont need the fundamentals to trade it. Learn trading… I've tested out several risk to reward bracket orders. Gold Scalping Trading System Explained. 1hour for a signal. Is scalping gold a good idea? Welcome to FXGears. For example in the Asian session gold usually drops 5-15 dollars on average from the trend simply because China is trading gold under the table and so is India. I use tick charts, which print candles by batches of orders being processed rather than accumulating by the minute. How so? It's not that hard. I scalp too so spread is really important to me. A place to discuss forex strategy, ideas, analysis, and concepts. That’s my most consistent way to scalp. 4/ for me it used to be fomc and nfp but (Not trying to be a dick. Gotta learn price action too. I'm only a few months into live trades and have had mixed results overall. Risking $100 and making $200 seems to be a good balance for my scalping strategy. Im a scalper scalping GU,DOW,Gold on 1min,3m,5m using pure price action with liquidity areas (retail and institutional trading combined) trading just one pair cause of 1min per day not switching between my min: RR is 3:1 and the highest i got with trailed SL is 15:1 RR No set strategy for futures scalping. It’s not. XAUUSD scalping isn't easy. My goal is to grow my account 1. To establish gold scalping, you will need a typical Forex trading platform such as Hi there, Please, does someone knows a scalping strategy to catch 5 pips per trade and make like 7-8 same trades per day? I would really appreciate… Hey I’d say scalping involves a certain amount of intuition. Thanks for the reply! I appreciate all the info. Tbh I trade a lot of gold and sometimes it rips me a new one. also 13 50 moving average cross over is one of my entry rules. 20's and buy, and the Maybe for swings indicators work, but scalping it's too fast. 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. Even GJ is usually less than 0. When it comes to high, it can go up for a moment but in a long run it will inevitably lead to loss. It’s about finding your setup and trading it, the same as any other time frame. Really need to be patient with entries and identify supply and demand zones along side using fibs and moving averages. Gives a chance to know what levels are solid and tradeable for 5-60 seconds. scalping on gold now is really bad,only mid-long term is reasonable for now. we will see this high spread for the rest of teh week at least. 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. Futures are great for this, when the trade goes in your favor, because they are highly leveraged. Had a profitable scalp earlier where I used both. I use FP Markets because their spreads are also stable even during volatile conditions, and there is no No-Dealing Desk. . Then later get a good strategy down. strategy works for nasdaq 100 as Ah interesting, thanks. Discussion should focus on the theory and practice of making gold in World of Warcraft. A choppy day for gold means its stuck in a 100 pip range. Scalping is 90% accurate with a win/loss of 1:3 or maybe even more like 1:5. We are talking about the same thing. It is particularly popular among day traders who wish to capitalize on the volatility in gold prices. r/FuturesTrading is a place to discuss futures, commodities, etc. I love how volatile it is because it leads me to believe that it would be a good pair to trade daily. 4. AU is also probably 90% at 0 spread. Slight misconception - scalping doesn't necessarily mean tons of trades per day. You should pay special attention instead to retracement and expansion. This method leverages gold price volatility, aiming for numerous small gains that add up over time. Thanks I was also scalping gold past week. Get the Reddit app Scan this QR code to download the app now I’m on my 2nd month being profitable scalping gold on 1m tf entry. HIS STOP LOSS IS… So I've recently been having some successes with scalping gold XAUUUSD, I wanted to get some other opinions about it. A sister reddit of /r/wow. If we are ranging it's a lot more dangerous to try to play vwap as we could just melt right past it as algos are trying to play the edges of the range. It doesnt make sense to me why you are using fundamentals for a 7 point trade. Scalpers hold positions briefly, often for seconds or minutes. To put it another way, if you’re scalping and it moves against you quickly, you were wrong. You can post a thousand winning trades, (which I did lol) a negative minded person will still call it luck each thousand times lol I am simply pointing out the fact that they are projecting a losing mentality on other traders, and lmao 🤣 you got me questioning if they even real now. You should not be relying on indicators alone to develop this sense. The patterns the peice tend to make at key levels. 5% to 2-3% a day Only 1 indicator. Also, there are other ways to see volume happening at that moment. 374K subscribers in the Forex community. Share futures trading insight, tips, and your trades! Watch wicksdontlie live if you want to trade NY, trade with monty for live london season, trading with Paul for live Asian session. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! This is a 1min scalping strategy I've been developing exclusively for XAU/USD. It can see volatile a random pair to trade. 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. Forex trading Robots and various Expert Advisors! 16 votes, 52 comments. We would like to show you a description here but the site won’t allow us. Scalping is more likely to be done watching a DOM so that you can literally watch the ranges being bounced around. A few days ago gold skyrocketed 400 pips in one minute. I started scalping gold for fun and I found 3m for entries work best for me Feb 15, 2024 · 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 simplified version of how I was going to approach this was to basically trade the 1 minute chart and buy at the bottom of a range & sell at the top. Wicksdontlie does a market fluidity course and mentorship for a reasonable price, if you don't want to pay for the mentorship or a course find one of those three that you get on with and watch 6 months of their streams. In my opinion, it's more important to focus on money and trade management first. Now you decide to scratch, loss or wait for scratch opportunity. ForexCracked Official subreddit; Share and Discuss Forex EA, Indicators, Lessons, strategies, Video… 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. I dont trade it now as I only really trade ES but best hours are ny session for gold IMO. I'm interested in learning to capture bigger moves like that, though, as I'm typically only scalping 1 point, sometimes less. Hi everyone! I have severe scalp psoriasis and ultimately shaved most of my head a few months ago (I’m a female), which has been great for getting creams down to my scalp more effectively. Sometimes waiting a bit longer for profit makes sense, but that’s only if the order flow / your entry reasons continue to support it. On this community our goal is to share most latest forex trading manual and automated strategies. If anyone has advice for scalping or methods to improve scalping please don't hesitate to comment and give your opinion. I was pleasantly surprised to find that this scalping strategy helps identify the tops/bottoms of a ranging market as well. I have a 30-40% wr on a 1-3% Gold makes specific market structures and the structures do react. Build a system around it. I wait for a micro trend (at least) to establish, then I scalp a 2nd entry or a failed 2nd entry. You learn to recognize certain patterns and act on them. You can scalp this pair all day long. I'm typically trading off market hours and the movement is much slower, it sounds like you're probably trading higher volume times. Can you (please reply or comment if you are like scalping Gold) list down your personal reasons as to why you like trading Gold? 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 secret of scalping in general is what I call explicit trading, i. But you need price action, reading candlesticks, volume price analysis and a good on stock direction before you even look at an indicator. Aug 28, 2024 · 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. 6K subscribers in the DayTradingPro community. 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! Exactly my point bro! You nailed it. 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. 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). I could be a crazy lunatic on the internet True scalping is an art. 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. But hey. 1K subscribers in the ForexCracked community. 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. 2/ Dxy sometimes has opposite move to gold but its by no means a trade signal as often they will move in the same direction. Avoid costly errors and learn safer scalping techniques before risking your trades in the gold market. 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! If we are trending the scalp off vwap is almost guaranteed because of how algos will play it. Gold moves with the market open and high liquidity. Or check it out in the app stores Scalping gold futures . That :"coulda had a 6k gain" you mention is much less likely to happen in these conditions as opposed to when the market is in a clear trend on the daily. 1/ I used to trade gold a lot with cfds before I moved to futures. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. And the 15min for my entry. My most profitable trades with gold are swings and tbh that's really the only way to trade it unless you are a very fast scalper otherwise you'll get ripped to r/scalping: The home for discussion of stock and futures scalping. IMO this environment lends itself to scalping. Jun 10, 2023 · With more than 10 years of experience in trading, I have found the best gold scalping strategy. I’m looking to scalp on Gold - even quick trades on 15 and 5 mins time frame. For example, if a stock has been going sideways for a few hours between $10. Structure here doesnt mean the bulshit triple top , holligans flag patters or some utensil like the rounding bottom saucepan or whatnot. I found a scalper whos very succesful (proven my fx book), he trades once a day, risks 1% to get 3% per day. Nov 19, 2024 · Gold scalping in Forex focuses on quick trades to profit from small price movements in the gold market. e. Scalping is entering the trade with the intention to exit relatively quickly and profiting off the price difference, either as a short or a long trade. 20 - $10. 5ers Forex spreads are amazing but the spreads on their indices, gold and silver could be better. Even the big boys understand the market is not predictable beyond 5 minutes. 40, I'd wait until it got to the low $10. Welcome to the WoW Economy Subreddit A place to discuss the economy in World of Warcraft. Best broker to scalp gold futures Share Welcome to FXGears. I prefer gold because of the volume it offers, as it has an excellent amount of volatility. 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. com, a trading forum run by professional traders. But i do agree gold can sometimes move 500-1000 pips a day. Saw this one on tiktok and oh my goddddd the relief the oatmeal provides is immediate. GU, UJ, USDCHF, USDCAD are probably like 80% at 0 spread. So if you want to maximize your intraday trades during these times it's worth it to learn how to scalp. Everyone thinks scalping is about clicking the button 100 times a day. i use the daily pivots points to determine target profit exit and stop loss levels. 3/ I know some metals traders who follow mining more than other metals. You can eventually combine them to get the best of both worlds. The secret sauce for me has been the timeframe/lookback interplay. It's more about taking very high probable small-movement trades. 2 - . This system is based on custom technical indicators for Metatrader 4, so unfortunately it can only be used on this At first it may be tempting to scalp for a single point but if you attempt a trade where a 1:3 risk reward looks good then you can move your stop loss to be in the money and slowly follow the trend by moving each stop with the direction of the trend. 5 and typically . com's Reddit Forex Trading Community! Here you can converse about trading ideas… congrats, this was nice, but one thing id say is that you are trading the 5 minute chart. Posted by u/Significant_Egg_9083 - 12 votes and 23 comments For me, 5min for trend direction, 1m for entries on US30. 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. Gold scalping is fast-paced. No one in their right mind will teach you this though. The official Python community for Reddit! Stay up to date with the latest news, packages, and meta information relating to the Python programming language. knowing the technical levels the big guys use for gauging/mediating price strength and then trading directly on their back. Anyone here who currently trades Gold on these lower time frame and is consistently profitable, please could you drop some advice. If you have something to teach others post here. 6. I scalp the 15min. Articles, links, etc are all welcome. Welcome to FXGears. 1. Once the trade goes in my favor, I manually adjust my risk. Join our community for valuable day trading insights, discussions, and resources. Get the Reddit app Scan this QR code to download the app now. 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. You could possibly find some confluence that indicators can help you confirm a breakout or trend change. rsi. Unfortunately most creams haven’t worked great for the itch factor. just possibly trying to challenge the "norm" of what some people think scalping is "My opinion anyways") I only think about how much percentage I make a day. I agree. yeah, now gold is high volatility now due to QE, stimulus and mine closing in south africa. hfcjuqrakaitevdwsinzivwiwqcsqgnzdvjoidqedbupwoi