Scalping gold reddit. Then later get a good strategy down.
- Scalping gold reddit If I place a random trade on Silver or Oil or Natgas, I usually make a profit, but Gold is really up and downs. com is the best place to buy, sell, and pay with crypto. Scalping is never made for trend stocks because of higher failure Get the Reddit app Scan this QR code to download the app now. Thanks for the reply! I appreciate all the info. r/scalping: The home for discussion of stock and futures scalping. 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 3 subscribers in the Goldscalping community. ($165k - $1. Sometimes waiting a bit longer for profit makes sense, but that’s only if the order flow / your entry reasons continue to support it. Scalp the range, trade the trend. But hey. Honestly, do not learn about candle stick patterns, they are meaningless and will ruin your trading. You can scalp this pair all day long. Reply reply Choosing the right broker for scalping is crucial. At least 2 times a day there will be a broad squeeze available for scalping timeframe players to participate in (intense move with strong deltas and without pullbacks). I pay attention to structure and use ema 50/20/9 with macd. I have been scalping s & p 500 and us30 basically using the same strategy, i use the 15 minutes and look for breakouts at the first 2 hours of opening of the market. Locked post. I found a scalper whos very succesful (proven my fx book), he trades once a day, risks 1% to get 3% per day. BUT because its leveraged i am putting up NO WHERE NEAR that amount in risk. 4/ for me it used to be fomc and nfp but A place to discuss forex strategy, ideas, analysis, and concepts. I want to learn some 5 minute strategies because they’d allow me to be in trade longer. And the 15min for my entry. So I have a question for people scalping at M5, do you look at higher time frames to compare before executing your trade, or not? Why and why not? Background: I am a M5/M15 scalper and I am profitable using these time frames and 5 subscribers in the forexACTIVE community. Stop scalping if your doing funded only scalp live account okay switch to h1 tf and do supply and demand and hold trade for atleast 30mins-1hr about 40-80 pips use a 30 lot which is 30$ a pip don’t worry about DD I did ftmo 25k in 35 mins doing two trades at 40 lots and my DD was-$143 and profit was $10,345 the thing with ftmo about drawdown The definition of scalping morphed over the years with all these retail traders who are scared shitless. Gotta learn price action too. I pay $0. 2 - . I see all these gurus on twitter etc saying they’re making money scalping options but i don’t think anyone can make money (consistently) scalping options. Think 2 ticks on $10000 risk vs $100 risk. 1/ I used to trade gold a lot with cfds before I moved to futures. Scalping is for the big boys. This is also a weekly chart so is this person placing trades on a weekly bias or scalping 10-20 pips a move? Big difference in swing trading HT and scalping I currently use a risk calculator but is there a way to quickly calculate lot sizes within 10 seconds of a candle printing for scalping on the… Skip to main content Open menu Open navigation Go to Reddit Home I wait for a micro trend (at least) to establish, then I scalp a 2nd entry or a failed 2nd entry. 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. 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. So enter quick, collect pips and out. Price tends to stay relatively stagnant until there's a significant movement that clears out the existing market liquidity. A sister reddit of /r/wow. Everyone thinks scalping is about clicking the button 100 times a day. I read in many places that trading gold is the most difficult asset, but like you, I want to trade only this. I was pleasantly surprised to find that this scalping strategy helps identify the tops/bottoms of a ranging market as well. Look for people to share ideas and experience scalping with gold. Now you decide to scratch, loss or wait for scratch opportunity. It can see volatile a random pair to trade. Exactly my point bro! You nailed it. If I was scalping my first TP could be 10 pips. You learn to recognize certain patterns and act on them. Crypto. 00 in margin. just possibly trying to challenge the "norm" of what some people think scalping is "My opinion anyways") I only think about how much percentage I make a day. rsi. Discussion should focus on the theory and practice of making gold in World of Warcraft. Even GJ is usually less than 0. I use FP Markets because their spreads are also stable even during volatile conditions, and there is no No-Dealing Desk. 04 seconds in front of the EURUSD market (according to him). If we are trending the scalp off vwap is almost guaranteed because of how algos will play it. 00 in Feb. I agree. I spent months just scrolling through his messages, taking note and testing. Welcome to FXGears. I stopped scalping a few years ago because I had the same problem. I'm interested in learning to capture bigger moves like that, though, as I'm typically only scalping 1 point, sometimes less. A place to discuss forex strategy, ideas, analysis, and concepts. Don’t go against the trend. Tbh I trade a lot of gold and sometimes it rips me a new one. NQ can be moved by anything, so scalping small moves feels much more like gambling than scalping the ES. Best broker to scalp gold futures Share It’s gotta be one of the new price action traders that popped up after Raja started getting new clout. also 13 50 moving average cross over is one of my entry rules. scalping on gold now is really bad,only mid-long term is reasonable for now. 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. It’s about finding your setup and trading it, the same as any other time frame. I scalp us30 1min chart, so simple you’d laugh. we will see this high spread for the rest of teh week at least. I do scalp a lot but I'm no way good enough for it. 1. I prefer using limit orders so entries are precise but scalping I usually have to do market prefers as my strategy is close confirmation, and generally it runs quick after candle close. Supply and Demand Scalping Over the past few months I have been trying to trade supply and demand zones as a primary strategy. After experimenting I found it to be the cheapest way to scalp. We are sound for picture - the subreddit for post sound in Games, TV / Television , Film, Broadcast, and other types of production. 1000 barrels of crude oil costs me $1000. 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! I have no idea how to scalp but I was listening to the interview with that guy one here who made hella money from scalping and he's holding for <20 seconds. Dollar) are often a go-to choice for high-frequency traders. My goal is to make 2-4 trades a day and turn a profit (mostly spy). 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. Scalping is entering the trade with the intention to exit relatively quickly and profiting off the price difference, either as a short or a long trade. Some type of indicator that might help identify reversals, fake outs, or breaks (not sure if that is possible unless with ATR over a longer time period)? I mostly use VWAP bands and volume and have seen some good success so far. Sniper scalping like this helps a lot with trailing drawdowns and consistency rules. 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). That $200 on 10 accounts = $2000. It's great that you prefer MT4 or MT5; many brokers offer these platforms. To put it another way, if you’re scalping and it moves against you quickly, you were wrong. Wait for a pullback to 20/50 with structure and macd momentum. 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. My goal is to grow my account 1. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Avoid costly errors and learn safer scalping techniques before risking your trades in the gold market. bollinger bands, 8 ema and stochastics 5,3,3. Build a system around it. But I feel like the 5m chart is too slow in the morning when there is Maybe for swings indicators work, but scalping it's too fast. I started going all in, then when earnings came out, I got crushed. So I've recently been having some successes with scalping gold XAUUUSD, I wanted to get some other opinions about it. A few days ago gold skyrocketed 400 pips in one minute. 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. And maybe have a separate acc for gold cause gold has no chill sometimes. I was buying and selling for 1-5 cent differences and made 30-50 a trade Welcome to r/InnerCircleTraders, the largest ICT community on reddit! This community serves as a dedicated space where ICT's followers can connect, discuss, and learn from each other. 4 subscribers in the forexscalping community. I worked for it, put in all my experience ideas intuitions and backtested long hours. Gold Scalping Trading System Explained. They will exit a trade after a few ticks in their favor cause they do not have a pot to piss in and settle for scraps. 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. Honestly think you should risk about $10 per trade, and try various kinds of trades, eg scalping 15-20pip, looking for bigger trades of ~40-60pip, try and find a 100pip trade etc. The secret sauce for me has been the timeframe/lookback interplay. e. The simplified version of how I was going to approach this was to basically trade the 1 minute chart and buy at the bottom of a range & sell at the top. 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. Then questions came like this, ok scalping is good and have high probability but how to do scalp. When it comes to high, it can go up for a moment but in a long run it will inevitably lead to loss. 20's and buy, and the Gold makes specific market structures and the structures do react. 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. Like you can’t ride the “meat” of a short trend/move. To establish gold scalping, you will need a typical Forex trading platform such as And your definition of scalping can actually be applied for trading on any tfs. A choppy day for gold means its stuck in a 100 pip range. Gold is a store of value and a hedge against uncertainty. What can happen, for example… If you set a 20 pip stop loss and the news goes against you, the price will surge so hard that your 20 pip stop loss becomes a 100+ pip loss. Spreads are generally decent for S&P. It takes low risk trades ideal for funded accounts with a daily… When you only focus on scalping in one pair for a long time, you tend to create biases due to straying too long on that chart. Scalping is 90% accurate with a win/loss of 1:3 or maybe even more like 1:5. I use the Day trend for direction. Risking $100 and making $200 seems to be a good balance for my scalping strategy. risk management is the focus, goes back to the coin-toss, its 50/50 but without the proper RR to match the % profitable you wont make money. Posted by u/Significant_Egg_9083 - 12 votes and 23 comments 16 votes, 52 comments. Ok, so I trade gold every day for the last 2 years. com serves over 80 million customers today, with the world’s fastest growing crypto app, along with the Crypto. com Exchange and Crypto. You could possibly find some confluence that indicators can help you confirm a breakout or trend change. Feb 15, 2024 · What is the 1 Minute Gold Scalping Strategy? 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. Haven't had any issues yet. Has a great approach for identifying legitimate microcap plays and invests in them rather than scalping. Look for brokers with low spreads and reliable execution, such as AssetsFX. People that are afraid to scalp don’t know how slow the 1 minute chart really is when you treat it like any other time frame: WAIT FOR YOUR SETUP TO PRESENT. Scalping is synonymous to impatience and suiting folks with ADHD or seeking constant action in the market. 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. This is also my strat, so glad somebody has a good describe of it. Gold is not intended to make you “rich” and I never claimed it to do so. That's a scalp. I'm not sure why. Every pip is different in terms of the pair and the lot size. Too much wait for the trade setups and target reach made me think of scalping gold for instant gratification aka quick profits. 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. I am referring to the XAU/USD pair, which has the perfect amount of flexibility that you can use to your advantage. I focused on scalping gold and after 5 or 6 profitable trades, I'd have a 5 to 6 consecutive losing trades. Nov 19, 2024 · Gold scalping in Forex focuses on quick trades to profit from small price movements in the gold market. So you need to kinda find what feels best 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. But i do agree gold can sometimes move 500-1000 pips a day. This method leverages gold price volatility, aiming for numerous small gains that add up over time. I only scalp US30 now. If you are in US try the free commissions plan on Tradestation and just trade there. I dont trade it now as I only really trade ES but best hours are ny session for gold IMO. It's fucking insane how fast he's buying and selling. I scalp the 15min. It’s not. Gold will not move enough on a 5min time frame to be worth it for you regularly, and CL is harder to trade and has a lot of macro aspects your better off not focusing on while new. 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! Leverage: i normally trade between 100-1000 ounces of gold. The secret of scalping in general is what I call explicit trading, i. OP should stay away from it. I'm only a few months into live trades and have had mixed results overall. 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. They pressed so many of the gold experience I'm safe to say everyone will get A copy even if they miss rsd this year 1m scalping gold part three subscribe to participate in the live broadcast #signalfx #ufar #scalping Personally I find success with PATs scalp and run strategy because finding 4 ticks is feasible with a high probability multiple times a day, but that requires a higher win rate because the ES often doesn't allow runners with a break even stop after you get a scalp. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. This is a 1min scalping strategy I've been developing exclusively for XAU/USD. I scalp too so spread is really important to me. without the whipsaws trading is really just 50/50 which means a 2 to 1 reward to risk to make money after commissions, you could essentially toss a coin to make your judgement. 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. I’m looking to scalp on Gold - even quick trades on 15 and 5 mins time frame. If anyone has advice for scalping or methods to improve scalping please don't hesitate to comment and give your opinion. Then later get a good strategy down. Or check it out in the app stores Scalping gold futures . Once the trade goes in my favor, I manually adjust my risk. 1K subscribers in the ForexCracked community. On this community our goal is to share most latest forex trading manual and automated strategies. com, a trading forum run by professional traders. 6K subscribers in the DayTradingPro community. Extensive and continuous backtesting is essential to truly understand gold's price action dynamics. Really good for currency futures. I swing so I know most of my targets are 100ish pips but I set and forget with first TP at relevant order blocks. We kindly remind all members to adhere to our community guidelines, help us maintain a friendly and inclusive environment where traders of all backgrounds can I’ve been trading for around 2 years now and tried literally every pair, every strategy every YouTube video, everything. 🏴☠ Arr, ye scurvy dogs! Welcome aboard our fine vessel, the Reddit community where we be settin our… r/Goldscalping: Trading ideas all about XAUUSD Incase someone is interested in a copytrading system that actually works … Selling a Gold EA that I personally use that provides me consistent income/profit. Structure here doesnt mean the bulshit triple top , holligans flag patters or some utensil like the rounding bottom saucepan or whatnot. Scalping is more likely to be done watching a DOM so that you can literally watch the ranges being bounced around. But if you're a scalper and the market is in a nice trend, it's entirely possible you could make more money with a whole lot less work as now you're scalping a few pips here and I scalp. 3/ I know some metals traders who follow mining more than other metals. 6. Hey I’d say scalping involves a certain amount of intuition. I started scalping gold for fun and I found 3m for entries work best for me Ive noticed that scalping only 2-5k worth of shares of stocks ranging from 1-20 $ are incredibly easy to make consistent profit. 100 ounces of gold costs me $1000. ES around 100:1 and corn/APPL/GOOG are A place to discuss forex strategy, ideas, analysis, and concepts. 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. Forex trading Robots and various Expert Advisors! He can be seen as an internet bully and rambles a lot, but if you scroll through his chat history you will find lots of gold nuggets in regard to trading SPY option, especially 0DTE. Slight misconception - scalping doesn't necessarily mean tons of trades per day. The data he gets is from futures so if he was scalping EURUSD that day he'd get his volume/delta data from EU6u22 futures which is often 0. No set strategy for futures scalping. Ah interesting, thanks. It's more about taking very high probable small-movement trades. 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. Gives a chance to know what levels are solid and tradeable for 5-60 seconds. Welcome to the WoW Economy Subreddit A place to discuss the economy in World of Warcraft. You can eventually combine them to get the best of both worlds. I was also scalping gold past week. The official Python community for Reddit! Stay up to date with the latest news, packages, and meta information relating to the Python programming language. 5% to 2-3% a day Only 1 indicator. 20 - $10. 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. If you have something to teach others post here. 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. You can make a lot of money really fast and you can lose it just as fast too. . 09 a micro side. Really need to be patient with entries and identify supply and demand zones along side using fibs and moving averages. 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. If the goal of trading is to make profits and keep the profits, the best strategy is to stay away from scalping and patiently look for medium term or long term setups. Of course, scaling up the same is true for the ES, but it just happens less frequent. AU is also probably 90% at 0 spread. Trading ideas all about XAUUSD Incase someone is interested in a copytrading system that actually works… Are you interested in day trading or scalping? Big difference. Scalpers hold positions briefly, often for seconds or minutes. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. Also, there are other ways to see volume happening at that moment. I had $15000. HIS STOP LOSS IS… 54K subscribers in the FuturesTrading community. Snipe scalping can work good if you know what ur doing, but not scalping with set stop losses. I've tested out several risk to reward bracket orders. Learn trading… For me, 5min for trend direction, 1m for entries on US30. 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. com DeFi Wallet. 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. ForexCracked Official subreddit; Share and Discuss Forex EA, Indicators, Lessons, strategies, Video… what is better for scalping, an orderly pair like eurusd or a nuts pair like eurcad? eurcad has some mental moves that are disobedient to technicals Jun 10, 2023 · With more than 10 years of experience in trading, I have found the best gold scalping strategy. Articles, links, etc are all welcome. r/FuturesTrading is a place to discuss futures, commodities, etc. i use the daily pivots points to determine target profit exit and stop loss levels. I can't get a consistent 20-day green, for example. My goal is to net at least $150 a day as side income with trades lasting 2-20 seconds each (appx $4-$20 profit/trade). 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. Join our community for valuable day trading insights, discussions, and resources. Had a profitable scalp earlier where I used both. 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! It works for some people, not for others. People did this for the truth last rsd and it's still extremely easy to find at record stores. strategy works for nasdaq 100 as Welcome to the WoW Economy Subreddit A place to discuss the economy in World of Warcraft. Scalping is indeed the hardest thing to do in trading and it does requires mastery of PA on multiple tfs, which can years. 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! 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. I could be a crazy lunatic on the internet True scalping is an art. I am basically a swing trader. Hey everyone! I’m primarily a momentum scalper and I’m in and out using the 1 minute chart. CL is 100:1. I'm typically trading off market hours and the movement is much slower, it sounds like you're probably trading higher volume times. 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. I just wanted to know where my focus should be if I wanted to trade long term and eventually as my primary source of income. Gold is NOT an investment, it is money. No one in their right mind will teach you this though. The NQ moves for a reason; the book is super thin. 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. com Visa Card — the world’s most widely available crypto card, the Crypto. I also use a trade copier to lower market exposure while at the same time multiplying gains on minimal trades. Ensure they are regulated and have a good reputation for handling scalping. The dollars we incorrectly call “money” today are merely a short-term medium of exchange and hold no longer term value. Finally devised a strategy giving me minimum three four setups each day. There are so many gurus and content creators out there right now teaching PATS, scalping 2,000 tick chart, 2 legged pullbacks, you know what I'm talking about. I tried scalping gold but it’s just too fast and unstable for me. Is scalping gold a good idea? Welcome to FXGears. 5ers Forex spreads are amazing but the spreads on their indices, gold and silver could be better. Waiting for trade opportunities to present themselves will be the hardest part when scalping. There are some tried and true core concepts, that all top traders share but little nuances like a renko chart may fix a deficiency for example in a trader who suffers from traditional chart analysis paralysis as renko can display information in a more clean matter. Check for any specific rules during news events or volatile times. Gold scalping is fast-paced. * Dialog / Dialogue Editing * ADR * Sound Effects / SFX * Foley * Ambience / Backgrounds * Music for picture / Soundtracks / Score * Sound Design * Re-Recording / Mix * Layback * and more Audio-Post Audio Post Editors Sync Sound Pro Tools ProTools De-Noise DeNoise The good thing is I was able to filter more and make my strategy better because of gold’s condition this week. Is very vocal about scamming influencers and often goes after them, often getting blocked. Im scalping on a 5min chart. Not good for shorting stocks, not good for scalping futs, and you need extra charts : embedded like Sterling or DAS , linked like Tradestation or external like Thinkorswim or Tradingview. You can post a thousand winning trades, (which I did lol) a negative minded person will still call it luck each thousand times lol I am simply pointing out the fact that they are projecting a losing mentality on other traders, and lmao 🤣 you got me questioning if they even real now. using. Has absolutely no services, referral links, or anything like that. My fav pair was eurusd because it feels slower in comparison to other pairs so you have time to find something. Gold/Silver is around 200:1. I love how volatile it is because it leads me to believe that it would be a good pair to trade daily. My opinion on this is it's so widely taught now it's not going to work forever, it's easy liquidity for market makers knowing most of retail is trying to scalp the same strategy. I really like scalping ES for 2-4 points at a time continuously throughout the day but I also find trading 2:1 RR minimum on NQ feels so much better to play entering on continuation and wicks. You have to be early and directionally correct with buy and then time the sale before you lose. For example, if a stock has been going sideways for a few hours between $10. 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. See the reality about trading is it is mostly completely subjective. 40, I'd wait until it got to the low $10. But you need price action, reading candlesticks, volume price analysis and a good on stock direction before you even look at an indicator. So if you want to maximize your intraday trades during these times it's worth it to learn how to scalp. 5 and typically . Share futures trading insight… I scalp the one-minute timeframe and I think an oscillator would be helpful. Welcome to ForexACTIVE, a thriving community where Forex traders, enthusiasts, and learners converge… Feb 15, 2024 · What is the 1 Minute Gold Scalping Strategy? 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. 65m) . GU, UJ, USDCHF, USDCAD are probably like 80% at 0 spread. It's not uncommon to see scalpers having upward of 80% as winrate. Choosing just one makes it harder to make money in all market conditions; ex: if price is in a tight range doing a longer term trade might not make any money, but some sort scalps may. All of your brain power must be focused on how the price moves. XAUUSD scalping isn't easy. In my opinion, it's more important to focus on money and trade management first. The best way to scalp is with a tick chart + 1m chart or the price ladder. 4. (Not trying to be a dick. I prefer gold because of the volume it offers, as it has an excellent amount of volatility. The guy who started the thread basically uses delta, volume, and orderflow to trade forex on the m1 or lower. The typical pattern in gold trading involves phases of accumulation, distribution, and manipulation. The main factor being lot size, pips can be relevant if it’s also a part of your trading style (scalp,intra, swing). I have it a shot the other day and was relatively successful. The patterns the peice tend to make at key levels. Futures are great for this, when the trade goes in your favor, because they are highly leveraged. just use the ema for trend filter ie long or short as this would give you a I've been scalping WFC for months, I made a lot of money, then I lost it all in Feb, I started up again this month and turned $800 into $3300. I use tick charts, which print candles by batches of orders being processed rather than accumulating by the minute. That’s my most consistent way to scalp. S. 2/ Dxy sometimes has opposite move to gold but its by no means a trade signal as often they will move in the same direction. I got three setups so far today. 1hour for a signal. Even the big boys understand the market is not predictable beyond 5 minutes. 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 day trading I look at the 4h and 1h charts, take entries on the 5mn chart (30 to 40pips I’m out). You should not be relying on indicators alone to develop this sense. Anyone with a large account can move the price significantly, and it can bounce back just as quick. 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. How so? It's not that hard. 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