Scalping gold reddit. Gold moves with the market open and high liquidity.

Scalping gold reddit This is a 1min scalping strategy I've been developing exclusively for XAU/USD. But i do agree gold can sometimes move 500-1000 pips a day. Nov 7, 2024 · In this guide, you’ll learn about the best indicators for scalping XAUUSD and how to apply them in your trading strategy. 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. e. You can make a lot of money really fast and you can lose it just as fast too. Risking $100 and making $200 seems to be a good balance for my scalping strategy. Waiting for trade opportunities to present themselves will be the hardest part when scalping. Scalping is more likely to be done watching a DOM so that you can literally watch the ranges being bounced around. You should pay special attention instead to retracement and expansion. Gives a chance to know what levels are solid and tradeable for 5-60 seconds. Tbh I trade a lot of gold and sometimes it rips me a new one. Scalpers hold positions briefly, often for seconds or minutes. Can you (please reply or comment if you are like scalping Gold) list down your personal reasons as to why you like trading Gold? 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 We would like to show you a description here but the site won’t allow us. 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. Dollar) are often a go-to choice for high-frequency traders. S. 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. Choosing the right timeframe is crucial for successful scalping in the gold market. I've tested out several risk to reward bracket orders. 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 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. 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. We’ll break down essential tools like the Central Pivot Range (CPR), VWAP, Parabolic SAR, RSI, MACD, and more. A few days ago gold skyrocketed 400 pips in one minute. com's Reddit Forex Trading Community! Here you can converse about trading ideas… In the fast-paced world of forex trading, scalping strategies for XAUUSD (Gold against the U. EDIT These are nice trades though 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. Welcome to FXGears. . Once the trade goes in my favor, I manually adjust my risk. 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! Watch wicksdontlie live if you want to trade NY, trade with monty for live london season, trading with Paul for live Asian session. 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. 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. After experimenting I found it to be the cheapest way to scalp. The secret sauce for me has been the timeframe/lookback interplay. I only scalp US30 now. knowing the technical levels the big guys use for gauging/mediating price strength and then trading directly on their back. 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. The secret of scalping in general is what I call explicit trading, i. So if you want to maximize your intraday trades during these times it's worth it to learn how to scalp. This system is based on custom technical indicators for Metatrader 4, so unfortunately it can only be used on this IMO this environment lends itself to scalping. 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. I was also scalping gold past week. scalping on gold now is really bad,only mid-long term is reasonable for now. Gold scalping is fast-paced. 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. Is scalping gold a good idea? Welcome to FXGears. Im scalping on a 5min chart. 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). Scalping is 90% accurate with a win/loss of 1:3 or maybe even more like 1:5. Without going into my strategy I'd say that scalping is mostly mental discipline. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! yeah, now gold is high volatility now due to QE, stimulus and mine closing in south africa. Locked post. Why? Because scalping allows traders to capitalize on small price movements in a matter of seconds or minutes, leading to multiple profit opportunities within a single day. bollinger bands, 8 ema and stochastics 5,3,3. Even the big boys understand the market is not predictable beyond 5 minutes. I use FP Markets because their spreads are also stable even during volatile conditions, and there is no No-Dealing Desk. r/FuturesTrading is a place to discuss futures, commodities, etc. 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. This method leverages gold price volatility, aiming for numerous small gains that add up over time. Look for people to share ideas and experience scalping with gold. 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. I was pleasantly surprised to find that this scalping strategy helps identify the tops/bottoms of a ranging market as well. r/scalping: The home for discussion of stock and futures scalping. 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! 374K subscribers in the Forex community. Nov 19, 2024 · Gold scalping in Forex focuses on quick trades to profit from small price movements in the gold market. I’m looking to scalp on Gold - even quick trades on 15 and 5 mins time frame. No one in their right mind will teach you this though. we will see this high spread for the rest of teh week at least. Really need to be patient with entries and identify supply and demand zones along side using fibs and moving averages. A choppy day for gold means its stuck in a 100 pip range. using. Share futures trading insight, tips, and your trades! 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. It can see volatile a random pair to trade. No set strategy for futures scalping. I love how volatile it is because it leads me to believe that it would be a good pair to trade daily. I have a 30-40% wr on a 1-3% Gold is a commodity it prices are heavily influenced by basic demand and supply even more so than forex pairs. 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. When it comes to high, it can go up for a moment but in a long run it will inevitably lead to loss. lwqrs cdzlnu ebog oyxexxx unotbrr kfeua jxei yqord xaw bodf