Scalping gold reddit. I have a 30-40% wr on a 1-3% .

Scalping gold reddit Scalping is more likely to be done watching a DOM so that you can literally watch the ranges being bounced around. 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. No set strategy for futures scalping. I was also scalping gold past week. using. 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. Scalping is 90% accurate with a win/loss of 1:3 or maybe even more like 1:5. 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). 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. 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. 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. 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. The secret of scalping in general is what I call explicit trading, i. Scalpers hold positions briefly, often for seconds or minutes. Im scalping on a 5min chart. Without going into my strategy I'd say that scalping is mostly mental discipline. scalping on gold now is really bad,only mid-long term is reasonable for now. 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. bollinger bands, 8 ema and stochastics 5,3,3. It can see volatile a random pair to trade. Tbh I trade a lot of gold and sometimes it rips me a new one. 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. Really need to be patient with entries and identify supply and demand zones along side using fibs and moving averages. After experimenting I found it to be the cheapest way to scalp. 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. 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. 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. 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. Choosing the right timeframe is crucial for successful scalping in the gold market. 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. S. Is scalping gold a good idea? Welcome to FXGears. I love how volatile it is because it leads me to believe that it would be a good pair to trade daily. Locked post. So if you want to maximize your intraday trades during these times it's worth it to learn how to scalp. You should pay special attention instead to retracement and expansion. I was pleasantly surprised to find that this scalping strategy helps identify the tops/bottoms of a ranging market as well. Gold moves with the market open and high liquidity. Dollar) are often a go-to choice for high-frequency traders. I only scalp US30 now. Gold scalping is fast-paced. 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. 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. I've tested out several risk to reward bracket orders. This is a 1min scalping strategy I've been developing exclusively for XAU/USD. Gives a chance to know what levels are solid and tradeable for 5-60 seconds. 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. 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. Even the big boys understand the market is not predictable beyond 5 minutes. Once the trade goes in my favor, I manually adjust my risk. Waiting for trade opportunities to present themselves will be the hardest part when scalping. knowing the technical levels the big guys use for gauging/mediating price strength and then trading directly on their back. A few days ago gold skyrocketed 400 pips in one minute. If we are trending the scalp off vwap is almost guaranteed because of how algos will play it. A choppy day for gold means its stuck in a 100 pip range. This method leverages gold price volatility, aiming for numerous small gains that add up over time. I use FP Markets because their spreads are also stable even during volatile conditions, and there is no No-Dealing Desk. But i do agree gold can sometimes move 500-1000 pips a day. I’m looking to scalp on Gold - even quick trades on 15 and 5 mins time frame. r/FuturesTrading is a place to discuss futures, commodities, etc. No one in their right mind will teach you this though. The secret sauce for me has been the timeframe/lookback interplay. Look for people to share ideas and experience scalping with gold. r/scalping: The home for discussion of stock and futures scalping. we will see this high spread for the rest of teh week at least. Welcome to FXGears. 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. Nov 19, 2024 · Gold scalping in Forex focuses on quick trades to profit from small price movements in the gold market. Risking $100 and making $200 seems to be a good balance for my scalping strategy. . 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. 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. e. We’ll break down essential tools like the Central Pivot Range (CPR), VWAP, Parabolic SAR, RSI, MACD, and more. When it comes to high, it can go up for a moment but in a long run it will inevitably lead to loss. 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 can make a lot of money really fast and you can lose it just as fast too. 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. 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. xnpgbq fxwsxed iqwodo mokeib fpqpi xlmrlj alezqw qvfeynui xhgdrz yev