Best gold scalping strategy reddit. Trading the right Stock is 50% of the strategy.

Best gold scalping strategy reddit Had a profitable scalp earlier where I used both. Join us to explore the game's challenges, mechanic's, lore and environments and share our love for this thrilling game. All I need is $. Articles, links, etc are all welcome. Keep in mind no strategy is perfect and this is just what works for me right now. 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. It also does not work well for strong trending markets. It is particularly popular among day traders who wish to capitalize on the volatility in gold prices. knowing the technical levels the big guys use for gauging/mediating price strength and then trading directly on their back. In your opinion what is the best stop loss strategy for scalping really low time frames like the 1-5 minute. Honestly, do not learn about candle stick patterns, they are meaningless and will ruin your trading. This method leverages gold price volatility, aiming for numerous small gains that add up over time. 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. On this community our goal is to share most latest forex trading manual and automated strategies. 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. The secret of scalping in general is what I call explicit trading, i. Forex trading Robots and various Expert Advisors! Hey I’d say scalping involves a certain amount of intuition. 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. I was pleasantly surprised to find that this scalping strategy helps identify the tops/bottoms of a ranging market as well. i use the daily pivots points to determine target profit exit and stop loss levels. It's not uncommon to see scalpers having upward of 80% as winrate. This community is devoted to the teaching of strategies and resources to help traders become consistently profitable. 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. Trading the right Stock is 50% of the strategy. Opening range breakout or high of day break is what I usually play. Scalpers hold positions briefly, often for seconds or minutes. There is no one size fits all. A few days ago gold skyrocketed 400 pips in one minute. Gives a chance to know what levels are solid and tradeable for 5-60 seconds. You can scalp this pair all day long. Scalping requires large size, small moves and quick profits. r/scalping: The home for discussion of stock and futures scalping. Share your strategies, tips, and favorite moments with fellow fans. e. Gold scalping is fast-paced. Best results when price is bouncing between support and resistance zones. I mainly scalp ES, but I think NQ is better for 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. You should pay special attention instead to retracement and expansion. The secret sauce for me has been the timeframe/lookback interplay. 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). 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. This is completely dependent on your strategy, how you read the market etc. We also encourage members to post news, rumors, and updates related to the game. 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. You won’t always win but I have found that if you play it right, you can win most of the time. There is an absolute "No Troll" policy - this is a place where traders can learn and help each other. No set strategy for futures scalping. I would suggest using AMP Futures for your broker, and selecting Rithmic for your data feed. If anyone has a better strategy then pls suggest. 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. Be sure to think about how fees would impact your scalping. Jun 10, 2023 · With more than 10 years of experience in trading, I have found the best gold scalping strategy. 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. Gold moves with the market open and high liquidity. . Anyone here who currently trades Gold on these lower time frame and is consistently profitable, please could you drop some advice. You learn to recognize certain patterns and act on them. 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. 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. Be very aware of margin requirements for your broker and how holding a position through open and close impacts margin requirements. I prefer gold because of the volume it offers, as it has an excellent amount of volatility. Those VWAPs (daily/weekly/monthly) if you think about it are also anchored to a specific starting price and start time…. strategy works for nasdaq 100 as 1. They have some of the best daytime margins $$400/ES and $1000/NQ, and they have really cheap commissions. 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. No one in their right mind will teach you this though. All of your brain power must be focused on how the price moves. Gotta learn price action too. But I feel like the 5m chart is too slow in the morning when there is a lot of volatility. I’m willing to learn. I’ve tried trailing , but it seems that it gets stopped out more often than not from small pullbacks. A choppy day for gold means its stuck in a 100 pip range. For example squeezes and flushes are way more identifiable on the 1m chart so usually I make a plan using the 1m chart. Various market generated metrics I watch continuously: Welcome to FXGears. Think of it as trying to catch every tiny wave in the ocean rather than waiting for a big Scalping doesn't mean take a huge position that will eat your account alive. When it comes to high, it can go up for a moment but in a long run it will inevitably lead to loss. 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. also 13 50 moving average cross over is one of my entry rules. The micros especially take a big bite relative to number of ticks. 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. Even the big boys understand the market is not predictable beyond 5 minutes. Aug 28, 2024 · What is Gold Scalping? what is the best time to scalp gold? technical indicators for XAUUSD, pros & cons and more. The best scalping strategy for gold varies based on market conditions and individual preferences. 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. What is XAUUSD Scalping? Scalping XAUUSD refers to a trading style that focuses on capitalizing on small price changes in the gold market. Unlike other trading strategies, scalping is all about frequent trades and quick exits, usually within minutes. Thanks Welcome to FXGears. 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. The best way to scalp is with a tick chart + 1m chart or the price ladder. But i do agree gold can sometimes move 500-1000 pips a day. You can be profitable adhering to any proven strategy. I've worked myself up to a $10k position on each trade. For ES I look at 20tick reversal bars to draw levels and then 10 or 5 tick reversals for entry. Scalping is more likely to be done watching a DOM so that you can literally watch the ranges being bounced around. It's more about taking very high probable small-movement trades. It can see volatile a random pair to trade. com, a trading forum run by professional traders. 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. Nov 19, 2024 · Gold scalping in Forex focuses on quick trades to profit from small price movements in the gold market. You should not be relying on indicators alone to develop this sense. EDIT These are nice trades though Scalping is 90% accurate with a win/loss of 1:3 or maybe even more like 1:5. Welcome to FXGears. 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. I love how volatile it is because it leads me to believe that it would be a good pair to trade daily. You can eventually combine them to get the best of both worlds. Best Scalping Strategy in Forex Trading 2024 | Profitable Scalping Strategy #xauusd #gold Welcome to FXGears. Gold is a commodity it prices are heavily influenced by basic demand and supply even more so than forex pairs. 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. This is a 1min scalping strategy I've been developing exclusively for XAU/USD. A place to discuss forex strategy, ideas, analysis, and concepts. Slight misconception - scalping doesn't necessarily mean tons of trades per day. Which time frame/s are best for scalping gold (XAUUSD) and why? The time frame is irrelevant for XAU. 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. Sizing those up and executing these perfectly is the main focus. 50c and I set my stop at that level that way I lock in my daily goal. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. I was also scalping gold past week. Apr 12, 2024 · Overview. One of the most crucial things to being successful as well is to take quality Welcome to FXGears. I’m looking to scalp on Gold - even quick trades on 15 and 5 mins time frame. 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. ekanf yefkd zdzxrdp kxdt seb cxuh lwpv gjblw tzuq mspbm