Scalping gold reddit. Ah interesting, thanks.

Scalping gold reddit You should not be relying on indicators alone to develop this sense. 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 Welcome to FXGears. Forex trading Robots and various Expert Advisors! A place to discuss forex strategy, ideas, analysis, and concepts. The main factor being lot size, pips can be relevant if it’s also a part of your trading style (scalp,intra, swing). 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). knowing the technical levels the big guys use for gauging/mediating price strength and then trading directly on their back. Ah interesting, thanks. Scalping is 90% accurate with a win/loss of 1:3 or maybe even more like 1:5. For example, if a stock has been going sideways for a few hours between $10. rsi. 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. 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. Crypto. 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. Trading ideas all about XAUUSD Incase someone is interested in a copytrading system that actually works… Sniper scalping like this helps a lot with trailing drawdowns and consistency rules. Welcome to the WoW Economy Subreddit A place to discuss the economy in World of Warcraft. 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. You can scalp this pair all day long. ($165k - $1. The secret sauce for me has been the timeframe/lookback interplay. 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 For me, 5min for trend direction, 1m for entries on US30. 20's and buy, and the Welcome to FXGears. That $200 on 10 accounts = $2000. 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. 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. (Not trying to be a dick. strategy works for nasdaq 100 as To put it another way, if you’re scalping and it moves against you quickly, you were wrong. I could be a crazy lunatic on the internet True scalping is an art. Even the big boys understand the market is not predictable beyond 5 minutes. 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. We are talking about the same thing. If I place a random trade on Silver or Oil or Natgas, I usually make a profit, but Gold is really up and downs. If you have something to teach others post here. Gives a chance to know what levels are solid and tradeable for 5-60 seconds. In my opinion, it's more important to focus on money and trade management first. Nov 19, 2024 · Gold scalping in Forex focuses on quick trades to profit from small price movements in the gold market. 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! Tbh I trade a lot of gold and sometimes it rips me a new one. CL is 100:1. Watch Peter Davies, John Grady and Fat Cat channels. I use tick charts, which print candles by batches of orders being processed rather than accumulating by the minute. Thanks for the reply! I appreciate all the info. edit subscriptions. also 13 50 moving average cross over is one of my entry rules. 20 - $10. I want to learn some 5 minute strategies because they’d allow me to be in trade longer. I use FP Markets because their spreads are also stable even during volatile conditions, and there is no No-Dealing Desk. scalping on gold now is really bad,only mid-long term is reasonable for now. 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 Welcome to FXGears. And maybe have a separate acc for gold cause gold has no chill sometimes. i use the daily pivots points to determine target profit exit and stop loss levels. 6. 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. Gold makes specific market structures and the structures do react. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. I'm only a few months into live trades and have had mixed results overall. A place to discuss forex strategy, ideas, analysis, and concepts. Been backtesting gold for 4 years i can say if you learn to trade it, mainly scalp, you can be really really profitable considering its volatile and price tends to draw on liquidity quite often Reply reply A place to discuss forex strategy, ideas, analysis, and concepts. I can't get a consistent 20-day green, for example. I started scalping gold for fun and I found 3m for entries work best for me So I've recently been having some successes with scalping gold XAUUUSD, I wanted to get some other opinions about it. 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. But I feel like the 5m chart is too slow in the morning when there is I agree. 1K subscribers in the ForexCracked community. Traders using a gold scalping strategy also use the M30 to H1 timeframes to analyze the short Ok, so I trade gold every day for the last 2 years. 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. But you need price action, reading candlesticks, volume price analysis and a good on stock direction before you even look at an indicator. 374K subscribers in the Forex community. I am referring to the XAU/USD pair, which has the perfect amount of flexibility that you can use to your advantage. popular-all-usersAskReddit-pics-funny-movies-gaming-worldnews-news-todayilearned-nottheonion-explainlikeimfive-mildlyinteresting-DIY-videos XAUUSD scalping isn't easy. I'm typically trading off market hours and the movement is much slower, it sounds like you're probably trading higher volume times. It’s about finding your setup and trading it, the same as any other time frame. r/scalping: The home for discussion of stock and futures scalping. 1hour for a signal. I'm not sure why. That’s my most consistent way to scalp. Futures are great for this, when the trade goes in your favor, because they are highly leveraged. 40, I'd wait until it got to the low $10. You learn to recognize certain patterns and act on them. Structure here doesnt mean the bulshit triple top , holligans flag patters or some utensil like the rounding bottom saucepan or whatnot. It's more about taking very high probable small-movement trades. Even GJ is usually less than 0. Join our community for valuable day trading insights, discussions, and resources. com Visa Card — the world’s most widely available crypto card, the Crypto. No one in their right mind will teach you this though. See scalping is discovered because no one knows the direction and traders pick every small moment that is occurring and not hope for big trend. GU, UJ, USDCHF, USDCAD are probably like 80% at 0 spread. Stop scalping if your doing funded only scalp live account okay switch to h1 tf and do supply and demand and hold trade for atleast 30mins-1hr about 40-80 pips use a 30 lot which is 30$ 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 3 subscribers in the Goldscalping community. I prefer gold because of the volume it offers, as it has an excellent amount of volatility. Scalpers hold positions briefly, often for seconds or minutes. I scalp too so spread is really important to me. 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. If anyone has advice for scalping or methods to improve scalping please don't hesitate to comment and give your opinion. You can make a lot of money really fast and you can lose it just as fast too. 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. The official Python community for Reddit! Stay up to date with the latest news, packages, and meta information relating to the Python programming language. Supply and Demand Scalping Over the past few months I have been trying to trade supply and demand zones as a primary strategy. Posted by u/Significant_Egg_9083 - 12 votes and 23 comments Jun 10, 2023 · With more than 10 years of experience in trading, I have found the best gold scalping strategy. The secret of scalping in general is what I call explicit trading, i. This is a 1min scalping strategy I've been developing exclusively for XAU/USD. 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. 2 - . Discussion should focus on the theory and practice of making gold in World of Warcraft. 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 also use a trade copier to lower market exposure while at the same time multiplying gains on minimal trades. 3 days ago · my subreddits. I got three setups so far today. After experimenting I found it to be the cheapest way to scalp. 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 only scalp US30 now. 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. AU is also probably 90% at 0 spread. 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. Ive noticed that scalping only 2-5k worth of shares of stocks ranging from 1-20 $ are incredibly easy to make consistent profit. I found a scalper whos very succesful (proven my fx book), he trades once a day, risks 1% to get 3% per day. Think 2 ticks on $10000 risk vs $100 risk. I'm interested in learning to capture bigger moves like that, though, as I'm typically only scalping 1 point, sometimes less. 1. Hey everyone! I’m primarily a momentum scalper and I’m in and out using the 1 minute chart. ES around 100:1 and corn/APPL/GOOG are On this community our goal is to share most latest forex trading manual and automated strategies. All of your brain power must be focused on how the price moves. Risking $100 and making $200 seems to be a good balance for my scalping strategy. 4. No set strategy for futures scalping. I am basically a swing trader. I’m looking to scalp on Gold - even quick trades on 15 and 5 mins time frame. Gotta learn price action too. If we are trending the scalp off vwap is almost guaranteed because of how algos will play it. Also, there are other ways to see volume happening at that moment. Extensive and continuous backtesting is essential to truly understand gold's price action dynamics. Every pip is different in terms of the pair and the lot size. 6K subscribers in the DayTradingPro community. 16 votes, 52 comments. You could possibly find some confluence that indicators can help you confirm a breakout or trend change. 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. 5ers Forex spreads are amazing but the spreads on their indices, gold and silver could be better. 4/ for me it used to be fomc and nfp but Exactly my point bro! You nailed it. Too much wait for the trade setups and target reach made me think of scalping gold for instant gratification aka quick profits. Or check it out in the app stores Scalping gold futures . 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. 5 and typically . HIS STOP LOSS IS… 54K subscribers in the FuturesTrading community. Then took out $500 and made it to $5,200 equity by day 20 (still holding on to slightly underwater btc buys) Mostly with scalping gold! I scalp the one-minute timeframe and I think an oscillator would be helpful. My goal is to make 2-4 trades a day and turn a profit (mostly spy). I worked for it, put in all my experience ideas intuitions and backtested long hours. The typical pattern in gold trading involves phases of accumulation, distribution, and manipulation. 1000 barrels of crude oil costs me $1000. Hey I’d say scalping involves a certain amount of intuition. Scalping is never made for trend stocks because of higher failure Slight misconception - scalping doesn't necessarily mean tons of trades per day. Choosing the right broker for scalping is crucial. Price tends to stay relatively stagnant until there's a significant movement that clears out the existing market liquidity. Ensure they are regulated and have a good reputation for handling scalping. com is the best place to buy, sell, and pay with crypto. Once the trade goes in my favor, I manually adjust my risk. Avoid costly errors and learn safer scalping techniques before risking your trades in the gold market. And the 15min for my entry. So enter quick, collect pips and out. Maybe for swings indicators work, but scalping it's too fast. I swing so I know most of my targets are 100ish pips but I set and forget with first TP at relevant order blocks. Articles, links, etc are all welcome. com Exchange and Crypto. Reply reply The best way to scalp is with a tick chart + 1m chart or the price ladder. Now you decide to scratch, loss or wait for scratch opportunity. 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. we will see this high spread for the rest of teh week at least. Gold is NOT an investment, it is money. Share futures trading insight… It works for some people, not for others. It's great that you prefer MT4 or MT5; many brokers offer these platforms. 00 in margin. If you are in US try the free commissions plan on Tradestation and just trade there. Really need to be patient with entries and identify supply and demand zones along side using fibs and moving averages. 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. 100 ounces of gold costs me $1000. My goal is to grow my account 1. 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. 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). 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 We would like to show you a description here but the site won’t allow us. The patterns the peice tend to make at key levels. Aug 28, 2024 · Read on to find out how you can develop your gold scalping strategy. Gold is a store of value and a hedge against uncertainty. 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. 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. 65m) . Honestly, do not learn about candle stick patterns, they are meaningless and will ruin your trading. The dollars we incorrectly call “money” today are merely a short-term medium of exchange and hold no longer term value. People did this for the truth last rsd and it's still extremely easy to find at record stores. I use the Day trend for direction. 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. 5% to 2-3% a day Only 1 indicator. Gold/Silver is around 200:1. Peter Davies Jigsaw 'scalping without charts' method. 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). I love how volatile it is because it leads me to believe that it would be a good pair to trade daily. I read in many places that trading gold is the most difficult asset, but like you, I want to trade only this. A sister reddit of /r/wow. I scalp the 15min. You can eventually combine them to get the best of both worlds. BUT because its leveraged i am putting up NO WHERE NEAR that amount in risk. 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. Gold is not intended to make you “rich” and I never claimed it to do so. Get the Reddit app Scan this QR code to download the app now. Snipe scalping can work good if you know what ur doing, but not scalping with set stop losses. Wait for a pullback to 20/50 with structure and macd momentum. Welcome to FXGears. 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! 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. Sometimes waiting a bit longer for profit makes sense, but that’s only if the order flow / your entry reasons continue to support it. 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. For day trading I look at the 4h and 1h charts, take entries on the 5mn chart (30 to 40pips I’m out). 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. 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. But hey. 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 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. Learn trading… 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. com's Reddit Forex Trading Community! Here you can converse about trading ideas… 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. I've tested out several risk to reward bracket orders. Scalping is for the big boys. Check for any specific rules during news events or volatile times. Gold scalping is fast-paced. I dont trade it now as I only really trade ES but best hours are ny session for gold IMO. com, a trading forum run by professional traders. Had a profitable scalp earlier where I used both. Without going into my strategy I'd say that scalping is mostly mental discipline. Watch wicksdontlie live if you want to trade NY, trade with monty for live london season, trading with Paul for live Asian session. It’s not. That's a scalp. 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. Finally devised a strategy giving me minimum three four setups each day. com serves over 80 million customers today, with the world’s fastest growing crypto app, along with the Crypto. . Keep in mind that big players and HFT move through liquidity ranges. Build a system around it. If I was scalping my first TP could be 10 pips. What Is Gold Scalping? 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. Look for brokers with low spreads and reliable execution, such as AssetsFX. 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. This method leverages gold price volatility, aiming for numerous small gains that add up over time. It's not uncommon to see scalpers having upward of 80% as winrate. 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. Don’t go against the trend. No fancy charts, DOM Volume Profile only. 1/ I used to trade gold a lot with cfds before I moved to futures. e. 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 I scalp us30 1min chart, so simple you’d laugh. Waiting for trade opportunities to present themselves will be the hardest part when scalping. Everyone thinks scalping is about clicking the button 100 times a day. I pay attention to structure and use ema 50/20/9 with macd. 3/ I know some metals traders who follow mining more than other metals. After 15 yrs of day trading, I found that scalping for few ticks is the only way to be consistent, like baseball approach in The definition of scalping morphed over the years with all these retail traders who are scared shitless. Is scalping gold a good idea? Welcome to FXGears. Scalping is more likely to be done watching a DOM so that you can literally watch the ranges being bounced around. Are you interested in day trading or scalping? Big difference. Then later get a good strategy down. 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. Then questions came like this, ok scalping is good and have high probability but how to do scalp. r/FuturesTrading is a place to discuss futures, commodities, etc. So if you want to maximize your intraday trades during these times it's worth it to learn how to scalp. 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 DeFi Wallet. I was pleasantly surprised to find that this scalping strategy helps identify the tops/bottoms of a ranging market as well. See the reality about trading is it is mostly completely subjective. loqklq rdsim pxya trvmci rejd rfrz rbbv vvafrfy edi ygljy