Best gold scalping strategy reddit I was also scalping gold past week. You have to be a step ahead. I would suggest using AMP Futures for your broker, and selecting Rithmic for your data feed. That is just one example, where I've had the best results. It works like this: ENTRYLong. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. 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. RoboForex's CopyFX allows investors to replicate the strategies of professional traders without the need for prior trading experience. But i do agree gold can sometimes move 500-1000 pips a day. Al Brooks - Trading Price Action Trends - Technical Analysis of Price Charts Bar by Bar for the Serious Trader Bob Volman - Understanding Price Action - Practical Analysis of the 5-minute time frame ---Best Forex Trading Systems: TradeJuice & Forex Trendy Review---Let's set up the Reddit Scalping Strategy. What if i told you that there is a live streamer who publicly bought the weekly highs twice and sold the weekly bottom on gold. That are probably the worst conditions for a retail trader with no experience to start with Trading isn't done properly in a year of hustling, it's not won by learning and trading 8 hours a day for a year and it certainly isn't mastered by only trying out scalping, or even worse just one scalping strategy. Moving average strategy. Learn this Simple Scalping Strategy that uses the Best scalping strategy indicator. S/R zones are beneficial to any strategy so using them would be a good idea. Prices are driven by trades. 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. I've never done it before since the spreads were so big and I always used a different strategy. For ES I look at 20tick reversal bars to draw levels and then 10 or 5 tick reversals for entry. Join us to explore the game's challenges, mechanic's, lore and environments and share our love for this thrilling game. The EMA indicator is regarded as one of the best indicators for scalping since it responds more quickly to recent price changes than to older price changes. 0 spot gold trading strategies. com Exchange and Crypto. That’s your strategy for the entry pattern you look for and you’ve clearly optimized it to work for you. 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. It took me around 1000 hours or more to get here. I use FP Markets because their spreads are also stable even during volatile conditions, and there is no No-Dealing Desk. I really like the moving average strategy if you are simply scalping stock as you just have to get the direction right Nd you are good. 10, 100. From fundamentals, price action, charting and divergences. For day trading I look at the 4h and 1h charts, take entries on the 5mn chart (30 to 40pips I’m out). Silver Trend Following Scalping Strategy for MT5 FREE Download 😍😍💸🤘 Get Premium EA and indicators ,lessons strategies free everyday 💸 Link in Bio 💸#forex #forexea #forexexpert #forexexpertadvisor #forexexpertadvisorsfree #forexcracked #freeforexsignals #freeforexearobot #forexrobot #forextrading STEPN is a Web3 lifestyle app with Social-Fi and Game-Fi elements that uses a dual-token system. Time frames in which to operate: This strategy has been designed for time frames of 5 and 15 minutes. You can be profitable adhering to any proven strategy. Learned this the hard way. It's more about taking very high probable small-movement trades. i use the daily pivots points to determine target profit exit and stop loss levels. 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. I've been trading forex for a bit and know that things like low spreads, decent leverage, and quick execution are key, especially for scalping. Be very aware of margin requirements for your broker and how holding a position through open and close impacts margin requirements. 20 etc (every 100 pips basically). You should not be relying on indicators alone to develop this sense. Gold isn’t forex, gold is a precious metal which has great volatility. Then questions came like this, ok scalping is good and have high probability but how to do scalp. It can see volatile a random pair to trade. 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. It doesn’t move like forex pairs. If anyone has a better strategy then pls suggest. The patterns the peice tend to make at key levels. Currently I use ATM strategies thatI have set up on Ninja trader adjusted for market conditions, so I have take profits set at 5 , 10, 12, 20 ticks with stop loses equal so Hey there, I recently discovered a pretty interesting strategy and created a script for it. 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. So I don't even look at strategies where they're not talking about resistance and support lol. The Law School Admission Test (LSAT) is the test required to get into an ABA law school. Gives a chance to know what levels are solid and tradeable for 5-60 seconds. When it comes to high, it can go up for a moment but in a long run it will inevitably lead to loss. Indeed, each of these indicators - Stochastic, RSI, and MACD - provides a unique perspective on price momentum and potential reversals. The best place on Reddit for LSAT advice. If you've thought about this, or if you select trade routes with an eye toward duration and the trading posts they create, I've love to hear your thoughts and strategy. This will not always be true obviously. com is the best place to buy, sell, and pay with crypto. I am a couple weeks in using this strategy and becoming increasingly profitable. The price must be above the 200 EMA. You can eventually combine them to get the best of both worlds. They have some of the best daytime margins $$400/ES and $1000/NQ, and they have really cheap commissions. otherwise its full account trading for small moves over and over, i despise utilizing and really risking more than 10-15% of the account on any given position all it would take for the market is a few wrong scalps to spin your account and from there emotions Don’t trade gold if you’re new to trading. 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. A Lot Of People Keep Questioning / Putting Down My Strategies Since My First Thread. Best results when price is bouncing between support and resistance zones. Fighting for price is throwing out orders when those few second opportunities appear, stopping out, and getting back in or adding during the “now or never” moments. I kinda regret why it is only now that I have backtested and observed gold in depth. Daytrading futures, forex, stocks, etc. But I feel like the 5m chart is too slow in the morning when there is a lot of volatility. And I think there are relatively few market participants. Nov 19, 2024 · Gold scalping in Forex focuses on quick trades to profit from small price movements in the gold market. Articles, links, etc are all welcome. Don’t try to make any conclusions based on ten trades. A place to discuss forex strategy, ideas, analysis, and concepts. if you don't have your own ideas for gaining an edge in various market Welcome to FXGears. Jun 10, 2023 · With more than 10 years of experience in trading, I have found the best gold scalping strategy. There are certain market conditions that lend themselves well to scalping. Don’t go against the trend. Slight misconception - scalping doesn't necessarily mean tons of trades per day. Users equip NFT Sneakers – walk, jog or run outdoors to earn tokens and NFTs. Bob Volman - Forex Price Action Scalping an in-depth look into the field of professional scalping. 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. It also does not work well for strong trending markets. Remember, successful scalping requires thorough market analysis, risk management, and swift execution. Scalping doesn't mean take a huge position that will eat your account alive. I’m willing to learn. Searching on YouTube and Reddit for a strategy won't land you something interesting, been there done that. I eventually worked my way back into the buy side again, mostly for hedging the CSPs. 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. 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. true. Be sure to think about how fees would impact your scalping. Honestly, do not learn about candle stick patterns, they are meaningless and will ruin your trading. 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. So what is the best place to start ?? The Reddit LSAT Forum. also 13 50 moving average cross over is one of my entry rules. There is no one size fits all. Scalping requires large size, small moves and quick profits. Range edges, are the top most part and bottom most part. One thing I would say is a 60% win rate isn't always gonna be a 60% win rate. Post any questions you have, there are lots of redditors with LSAT knowledge waiting to help. Share your strategies, tips, and favorite moments with fellow fans. Personally, I prefer the NQ for the volatility. To score quick points on forex you need liquidity. A choppy day for gold means its stuck in a 100 pip range. The ES is one of the most popular trading vehicles in the world, so scalping it is also common. Profitable strategies can predict the behavior of the simple strategies, and trade based on that. Yeah Ive managed to come out positive with my profits in the end manually trading, but unless youre scalping with bots optimized for that trading style honestly its more of a gamble in my opinion. Thanks Welcome to FXGears. You need 1,000 to know if a strategy is actually working and has a meaningful edge. Structure here doesnt mean the bulshit triple top , holligans flag patters or some utensil like the rounding bottom saucepan or whatnot. Scalping has been replaced by high frequency trading, so the only thing left that you can focus on is day trading on minimum 1 or 5 minute timeframe, but typically it's easier if you're on 15m or higher timeframes. The term stochastic refers to the Crypto. Check out the sidebar for intro guides. My point was that others’ entry strategies may have such a lower probability of running and higher probability of short term reversal that, in those cases, TP at the point that the majority of cases reverse is the more profitable play. I'm looking for the best forex broker for scalping and could use some advice. And Sometimes the desired entry or exit price is only available for a couple seconds. r/scalping: The home for discussion of stock and futures scalping. I've worked myself up to a $10k position on each trade. Here's a better question: is scalping in any form a reliable strategy? Yes, there are plenty of people who do it. Can’t wait to start fresh next week and use these guidelines. Specifically, I'm wondering about how to best leverage trading post positioning and trade route durations to efficiently accomplish that. Parabolic SAR Indicator Strategy. I've been checking out brokers with metatrader platforms since I like using MT4 or MT5 for their tools and indicators. Litecoin (LTC): Known as the silver to Bitcoin's gold, LTC offers relatively high liquidity and volatility, making it suitable for scalping strategies. The best scalping strategies. The profitability is quite good. Scalpers hold positions briefly, often for seconds or minutes. He is my best sentiment indicator and counter trading him has yielded almost a 100% win rate. To establish gold scalping, you will need a typical Forex trading platform such as Every strategy has a different edge. It is particularly popular among day traders who wish to capitalize on the volatility in gold prices. Forex trading Robots and various Expert Advisors! Hey I’d say scalping involves a certain amount of intuition. Your problem with the 2:1 strategy is most likely your mindset, and that’s perfectly fine. 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. ForexCracked Official subreddit; Share and Discuss Forex EA, Indicators, Lessons, strategies, Video… Welcome to FXGears. 1. 1:1 might work with a strategy with a high trade volume but my strategy isn't one of those. The most liquid pairs are the biggest currency combinations at the right times: EURUSD or GBPUSD during the London open. You won’t always win but I have found that if you play it right, you can win most of the time. The price needs to make a pullback into the 50 EMA. The best way to scalp is with a tick chart + 1m chart or the price ladder. This article will guide you through proven XAUUSD scalping strategies, tips for getting started, and potential pitfalls to watch out for. The results are getting better as Im getting more used to the strategy and isolating specific stocks which Im more familiar with. 47 votes, 87 comments. Personally, I find value in using both the MACD and RSI in my trading strategy. For scalping I use the 15mn timeframe to establish short trends and take entries on the 1mn or 3mn charts (5 to 10 pips and I’m out). Look at he market structures. Crypto. When Is the Best Time to Scalp Gold? The gold scalping strategy will determine the best time to scalp gold. It begins with understanding your risk tolerance, setting clear money management guidelines, and identifying the best positions to enter and exit trades. This community is devoted to the teaching of strategies and resources to help traders become consistently profitable. 00, 100. 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. Ready to dive in? Let’s get into it! Feb 15, 2024 · In this strategy, traders use a 1-minute chart to monitor the price movement of gold closely. Keep in mind no strategy is perfect and this is just what works for me right now. Gotta learn price action too. There is an absolute "No Troll" policy - this is a place where traders can learn and help each other. Seneca This sub is dedicated to all the investors and traders passionate about the Uranium market and to all the people, scientist or not, who believe in nuclear energy / nuclear power generation to fight climate change. Stochastic Oscillator Strategy. Aug 28, 2024 · What is Gold Scalping? what is the best time to scalp gold? technical indicators for XAUUSD, pros & cons and more. Jun 10, 2023 · With more than 10 years of experience in trading, I have found the best gold scalping strategy. Hello guys, can anyone suggest the right way to enter the trade on 1 minute or 3 minute timeframes for scalping? Well, in general, I'm using the "Bollinger Bands" scalping technique, which means when candlesticks cross the upper BB bands, I enter short selling, and vice versa. Ill definitely check back in, in 3months regardless of obvious sarcasm. com Visa Card — the world’s most widely available crypto card, the Crypto. In the fast-paced world of Forex trading, the quest for the best scalping system is a common challenge among traders. Gold scalping is fast-paced. So enter quick, collect pips and out. Stop losing money and learn strategies that at least won’t lose money over time. Referencing your comment you have a 100% win rate scalping your first two days. If your main strategy works, continue to use it. Even the big boys understand the market is not predictable beyond 5 minutes. Choosing the right timeframe is crucial for successful scalping in the gold market. Find out the best scalping system by following the easy step guide. It's not uncommon to see scalpers having upward of 80% as winrate. Gold Scalping Trading System Explained. There is always gonna be variance and random distribution of results, even with a successfully tested edge. Are you interested in day trading or scalping? Big difference. I started as an options trader in 2021 and quickly realized that I gravitated towards scalping methods and am looking for some resources for good NQ scalping strategies. com DeFi Wallet. Trading the right Stock is 50% of the strategy. 1K subscribers in the ForexCracked community. Nov 13, 2024 · The best forex scalping strategies are not solely about the indicators but encompass a holistic approach. The hardest part of options is picking the right option strike that won’t decay faster than it gains in price. If you’re new, then “scalping” is the best way to lose most of your equity within a few weeks. 50c and I set my stop at that level that way I lock in my daily goal. 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. But The Truth is Only You Know The In And Out Of Your Strategies. Over the course of the last 2ish years my strategy has become entirely dependent on the the pricing of the options. Markets in which to operate: This strategy can be put into practice in all markets, including Forex and precious metals. All I need is $. I prefer gold because of the volume it offers, as it has an excellent amount of volatility. The fun part starts when he you get to know he runs a paid group and has nearly 80k subs on youtube. Hey guys im new trader, doing it 1year and wanted to read some advice and best strategies you guys got. “Scalping” is just a silly term for short-term low-point trading. Scalping is never made for trend stocks because of higher failure I Have Made Over 300K Scalping On TOS Since May 2020 (Little More On My Other Broker). I am referring to the XAU/USD pair, which has the perfect amount of flexibility that you can use to your advantage. . 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. 7M subscribers in the Daytrading community. PATs has been a successful strategy for over 20 years now from what I understand in any type of market condition, so I’m literally betting on it continuing to be remain an edge. I’m looking to scalp on Gold - even quick trades on 15 and 5 mins time frame. Now, since the spreads are so low, I want to give scalping a shot. Those VWAPs (daily/weekly/monthly) if you think about it are also anchored to a specific starting price and start time…. 5 pips. The micros especially take a big bite relative to number of ticks. For example squeezes and flushes are way more identifiable on the 1m chart so usually I make a plan using the 1m chart. I love how volatile it is because it leads me to believe that it would be a good pair to trade daily. We also encourage members to post news, rumors, and updates related to the game. Scalping is 90% accurate with a win/loss of 1:3 or maybe even more like 1:5. A few days ago gold skyrocketed 400 pips in one minute. best book that includes guide to implementing algo trading software or best platform that I can use to implement scalping strategy without wasting 100+ hours on python script? if there were a prescriptive solution then it wouldn't work as the markets are a zero sum game. This method leverages gold price volatility, aiming for numerous small gains that add up over time. This provides much better opportunity for scalping. 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. If you apply a strategy without thinking about price action, it'll never make you profitable. To each their own. Scalping can be achieved by using the stochastic oscillator. All of your brain power must be focused on how the price moves. 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. Scalping is more likely to be done watching a DOM so that you can literally watch the ranges being bounced around. Even the simplest strategy requires complex infrastructure to execute. If you find you like scalping as well. Gold makes specific market structures and the structures do react. See scalping is discovered because no one knows the direction and traders pick every small moment that is occurring and not hope for big trend. RSI (Relative Strength Index) Strategy. Simple, well-known strategies are going to be the ones that more people are using. Statistics will show whether you’re gambling or have a repeatable strategy with an edge. With the CopyFX Investor account, investors can subscribe to a professional trader's account and replicate all their trades without having to deal with complicated trading strategies or platforms. Had a profitable scalp earlier where I used both. This is completely dependent on your strategy, how you read the market etc. 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’ve got funded accounts with FTMO but on my Personal I use pepperstone, spreads tend to be around 10-14 but there’s no zero commission on gold, perfect for scalping, especially if you’re jumping in and out the market 20-50 trades a day Oct 17, 2024 · Understanding EMA Scalping EMA Scalping Strategies What is EMA Scalping? EMA scalping is a trading strategy that uses Exponential Moving Averages to identify short-term trends and potential entry and exit points. Therefore, for novices, I recommend that you first become familiar with and master the trading of other currency pairs, and then gradually gain a deeper understanding of the characteristics and risks of gold trading. Oct 17, 2024 · Understanding EMA Scalping EMA Scalping Strategies What is EMA Scalping? EMA scalping is a trading strategy that uses Exponential Moving Averages to identify short-term trends and potential entry and exit points. Welcome to FXGears. GOOD VIBES ONLY🥇 Luck is what happens when preparation meets opportunity. The best you could do is research "smart money concepts" aka SMC, and understand the very basis of what it means. 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. BRN = Big Round Number, like for USDJPY 100. 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. com, a trading forum run by professional traders. It will eat your account for breakfast. It has way too many factors which impact it. Keep Refine It And You Will Find Your Edge In The Market. One of the most crucial things to being successful as well is to take quality In your opinion what is the best stop loss strategy for scalping really low time frames like the 1-5 minute. 🏃🏾🏃‍♀️🏃🏻‍♂️ _____ Users can trade their NFTs on the in-app marketplace. @betsuni_123 have you tried this strategy with the moon averages? I will be honest. 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. Key indicators such as moving averages, RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence) are commonly used to try identifying potential trading opportunities. This is the VuManChu Cypher B+ EMA Pullback Strategy. Its established history and widespread adoption contribute to its attractiveness for scalpers. Best Scalping Strategy in Forex Trading 2024 | Profitable Scalping Strategy #xauusd #gold Welcome to FXGears. strategy works for nasdaq 100 as 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. 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. On this community our goal is to share most latest forex trading manual and automated strategies. It can move in one direction for weeks without pullback. 2-0. Traders use this technical indicator for obtaining buying and selling signals that stem from crossovers and divergences of the historical averages. I am very got into trading XAUUSD whats the… Some of the best strategies utilize “now or never” Approach. I mainly scalp ES, but I think NQ is better for scalping. My forex provider recently lowered the spreads significantly from ~ 2-5 pips to ~ 0. Is it easy? That depends entirely on you and how you manage risk. Opening range breakout or high of day break is what I usually play. I’m just really ecstatic to put into action and execution my 2. 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. Apr 12, 2024 · Overview. 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. Or you can scalp while your main trades are working themselves out. personally, I think a scalping style of trading requires at the very least $50,000 IF you want a CHANCE at lets just say a $100 a day. Reddit Forex Scalping Strategies: 1- Scalping trading using the stochastic oscillator. If you really want to invest and make cash then trading with high leverage on a 1 minute scale isn't the best way to go. I’ve tried trailing , but it seems that it gets stopped out more often than not from small pullbacks. com serves over 80 million customers today, with the world’s fastest growing crypto app, along with the Crypto. Scalpers aim to make numerous small profits from quick trades, often holding positions for just a few minutes or even seconds. You can scalp this pair all day long. That particular strategy gets the best results right when the market opens at 9:30 and after halts, but also happens during the day. gkagjfj qoqzkvr jlecw ntma tclwd jlpzho ypjzgdl pxc bftuce qikdse

Best gold scalping strategy reddit. com, a trading forum run by professional traders.