Scalping gold reddit. No one in their right mind will teach you this though.

Scalping gold reddit This method leverages gold price volatility, aiming for numerous small gains that add up over time. . May 31, 2023 · Gold moves with the market open and high liquidity. Is scalping gold a good idea? Welcome to FXGears. Waiting for trade opportunities to present themselves will be the hardest part when scalping. Gold moves with the market open and high liquidity. 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. we will see this high spread for the rest of teh week at least. Gold scalping is fast-paced. A few days ago gold skyrocketed 400 pips in one minute. It can see volatile a random pair to trade. Even the big boys understand the market is not predictable beyond 5 minutes. A choppy day for gold means its stuck in a 100 pip range. 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). Without going into my strategy I'd say that scalping is mostly mental discipline. 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. The secret of scalping in general is what I call explicit trading, i. 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. If we are trending the scalp off vwap is almost guaranteed because of how algos will play it. 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've personally found that gold is not easy to scalp. 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. I was pleasantly surprised to find that this scalping strategy helps identify the tops/bottoms of a ranging market as well. 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. Once the trade goes in my favor, I manually adjust my risk. I’m looking to scalp on Gold - even quick trades on 15 and 5 mins time frame. r/scalping: The home for discussion of stock and futures scalping. I've tested out several risk to reward bracket orders. I was also scalping gold past week. 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. Look for people to share ideas and experience scalping with 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 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. Risking $100 and making $200 seems to be a good balance for my scalping strategy. 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. 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. But i do agree gold can sometimes move 500-1000 pips a day. After experimenting I found it to be the cheapest way to scalp. bollinger bands, 8 ema and stochastics 5,3,3. using. Nov 19, 2024 · Gold scalping in Forex focuses on quick trades to profit from small price movements in the gold market. e. May 12, 2022 · I’m looking to scalp on Gold - even quick trades on 15 and 5 mins time frame. Can you (please reply or comment if you are like scalping Gold) list down your personal reasons as to why you like trading Gold? We would like to show you a description here but the site won’t allow us. No set strategy for futures scalping. The secret sauce for me has been the timeframe/lookback interplay. No one in their right mind will teach you this though. Scalping is more likely to be done watching a DOM so that you can literally watch the ranges being bounced around. knowing the technical levels the big guys use for gauging/mediating price strength and then trading directly on their back. 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. You should pay special attention instead to retracement and expansion. 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. I only scalp US30 now. This is a 1min scalping strategy I've been developing exclusively for XAU/USD. You can make a lot of money really fast and you can lose it just as fast too. Jun 21, 2023 · The secret of scalping in general is what I call explicit trading, i. 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. 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. So if you want to maximize your intraday trades during these times it's worth it to learn how to scalp. scalping on gold now is really bad,only mid-long term is reasonable for now. But, perhaps summertime else has. We’ll break down essential tools like the Central Pivot Range (CPR), VWAP, Parabolic SAR, RSI, MACD, and more. Gives a chance to know what levels are solid and tradeable for 5-60 seconds. Hi there, Please, does someone knows a scalping strategy to catch 5 pips per trade and make like 7-8 same trades per day? I would really appreciate… Jun 21, 2023 · The secret of scalping in general is what I call explicit trading, i. When it comes to high, it can go up for a moment but in a long run it will inevitably lead to loss. Scalpers hold positions briefly, often for seconds or minutes. Scalping is 90% accurate with a win/loss of 1:3 or maybe even more like 1:5. Im scalping on a 5min chart. Locked post. 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. Choosing the right timeframe is crucial for successful scalping in the gold market. I've found it works better swing trading based off longer term resistance patterns. psiid xqc fmtyts ivr ysvwk nfe snuxz oaxxv ggkfgj qwy