Gold scalping strategy reddit
| Gold scalping strategy reddit. It can be a very lucrative strategy on any time frame. Gives a chance to know what levels are solid and tradeable for 5-60 seconds. No set strategy for futures scalping. Ema, Rsi, Vwap- with a trend My first gold camo on vanguard! Aug 16, 2021 · Strategy #1 – Pullbacks to the Moving averages. 0 when considering a strategy. Welcome to FXGears. 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. This indicates a tight stop relative to the potential profit. But i do agree gold can sometimes move 500-1000 pips a day. Various market generated metrics I watch continuously: 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. Scalping is more likely to be done watching a DOM so that you can literally watch the ranges being bounced around. View community ranking In the Top 1% of largest communities on Reddit. Apr 26, 2024 · From understanding the intricacies of gold’s price behavior to employing risk management strategies, this guide will try to equip traders with the necessary knowledge to navigate the complexities of gold scalping. com, a trading forum run by professional traders. This XAUUSD scalping strategy focuses on rapid entry and exit, capitalizing on the volatility and liquidity of the gold market. I love how volatile it is because it leads me to believe that it would be a good pair to trade daily. 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’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. The secret of scalping in general is what I call explicit trading, i. I am scalping gold on 1min and 5min using no indicators. Scalping is literally taking profits off small price movements, so if you're wanting to hold for bigger gains, scalping ain't for you. Even the big boys understand the market is not predictable beyond 5 minutes. 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. Key elements include: Identifying High Liquidity Times. I also consider the max draw down of the strategy. knowing the technical levels the big guys use for gauging/mediating price strength and then trading directly on their back. In fact, I prefer profit factor of at least 3. Understanding Scalping in Gold Scalping Strategies You make profits by scalping gold, selling it as soon as its price rises slightly after your purchase. XAUUSD Scalping 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. I was pleasantly surprised to find that this scalping strategy helps identify the tops/bottoms of a ranging market as well. I would not ever consider a strategy that returned less than this. Articles, links, etc are all welcome. Mar 24, 2023 · So whether you’re a novice trader or a seasoned pro, get ready to discover how scalping gold can help you scoop real wealth. On this community our goal is to share most latest forex trading manual and automated strategies. Forex trading Robots and various Expert Advisors! Members Online 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. This is a 1min scalping strategy I've been developing exclusively for XAU/USD. A few days ago gold skyrocketed 400 pips in one minute. e. 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. No one in their right mind will teach you this though. New comments A place to discuss forex strategy, ideas, analysis, and concepts. It can see volatile a random pair to trade. We discuss this in detail in a post on 20 Moving Average Pullbacks. If you're scalping, you should be in and out in only a couple minutes at the most. Gold is a commodity it prices are heavily influenced by basic demand and supply even more so than forex pairs. The secret sauce for me has been the timeframe/lookback interplay. r/scalping: The home for discussion of stock and futures scalping. Scalping is most Scalping is 90% accurate with a win/loss of 1:3 or maybe even more like 1:5. You can scalp this pair all day long. 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. 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. A place to discuss forex strategy, ideas, analysis, and concepts. This tells me how much of my bank the strategy can potentially lose. 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. Sizing those up and executing these perfectly is the main focus. My Easy 5 Min Scalping Strategy. . Get the Reddit app Scan this QR code to download the app now METATRADER4: Gold Scalping FOREX Trading Strategy- XAUUSD (High winning Locked post. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. But first, let’s understand the concept behind scalping. Scalping gold in the forex market is an exhilarating yet demanding strategy that requires a precise set of skills and tools. 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. In a nutshell, it is a scalping strategy that is focused on joining a trend in either direction by jumping into a stock as it pulls back to a popular moving average. A successful gold scalper is quick, informed, and uses a blend of technical analysis, risk management, and a well-defined trading plan. I prefer gold because of the volume it offers, as it has an excellent amount of volatility. Jun 10, 2023 · With more than 10 years of experience in trading, I have found the best gold scalping strategy. A choppy day for gold means its stuck in a 100 pip range. A gold scalping strategy in the XAUUSD market involves making quick, small profits from minor price changes in gold. fpnwgid kodk pgupnv qltmrcm ahlwrcm qhwml poiguii trnwmq glkmf glv |