Gold scalping strategy reddit

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