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Best gold scalping strategy reddit com Visa Card — the world’s most widely available crypto card, Welcome to FXGears. Your problem with the 2:1 strategy is most likely your mindset, and that’s perfectly fine. 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. 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 been trading forex for a bit and know that things like low spreads, decent leverage, and quick execution are key, especially for scalping. i use the daily pivots points to determine target profit exit and stop loss levels. But it requires that you backtest to find out what works or not. Moving average strategy. In the fast-paced world of forex trading, scalping strategies for XAUUSD (Gold against the U. It is basically a scalping method which can provide a potential profit (according to the author of course) of up to $500 per contract traded per day. I’m willing to learn. 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. 5RR or attempt to trail using the bollinger bands. A few days ago gold skyrocketed 400 pips in one minute. My forex provider recently lowered the spreads significantly from ~ 2-5 pips to ~ 0. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. Entry: Buy when the 5 EMA crosses above the 13 EMA, sell when it crosses below. I kinda regret why it is only now that I have backtested and observed gold in depth. I have seen such YouTubers and I am ready to bet that they only show you the best days, try not to get fooled into thinking that you can have a 100% win percentage, there is no such thing. In this strategy, traders use a 1-minute chart to Welcome to FXGears. Scalping can be achieved by using the stochastic oscillator. They have the ability to indicate price fluctuations and suggest optimal moments for entering and exiting transactions. 1:1 might work with a strategy with a high trade volume but my strategy isn't one of those. The EMA calculation prioritizes recent prices over older ones, averaging the asset’s price over a specified time period. That is just one example, where I've had the best results. Why? Because scalping allows traders to capitalize on small price movements in a How to use a gold scalping system and strategies. Its established history and widespread adoption contribute to its attractiveness for scalpers. edit With more than 10 years of experience in trading, I have found the best gold scalping strategy. It also does not work well for strong trending markets. The results are getting better as Im getting more used to the strategy and isolating specific stocks which Im more familiar with. 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. It will eat your account for breakfast. Prices are driven by trades. This is a 1min scalping strategy I've been developing exclusively for XAU/USD. The EMA Indicator. There are several trading strategies that traders use to buy and sell cryptocurrencies, manage risk, and maximize profits. Gold is a commodity it prices are heavily influenced by basic demand and supply even more so than forex pairs. Find out the best scalping system by following the easy step guide. Unlike other trading strategies, scalping is all about frequent trades and quick exits, usually within minutes. 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. 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. I might try FTX, lower fees but less pairs to trade Understanding Scalping in Gold Scalping Strategies Best Indicators for Gold scalping & How to use them for Scalp trading 1. Scalping Strategy: Make many quick, small trades for little profits. 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 Welcome to FXGears. I was still profitable, but it mentally drained me, so I changed my strategy and started looking for more long term trades on multiple pairs. 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. There is no one size fits all. I found I had to adjust my setups quite a bit for the second half of this year. Or check it out in the app stores Gold Scalping FOREX Trading Strategy- XAUUSD (High winning Locked post. 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 Here's a better question: is scalping in any form a reliable strategy? Yes, there are plenty of people who do it. A place to discuss forex strategy, ideas, analysis, and concepts. From fundamentals, price action, charting and divergences. 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. A choppy day for gold means its stuck in a 100 pip range. Articles, links, etc are all welcome. They have some of the best daytime margins $$400/ES and $1000/NQ, and they have really cheap commissions. r/scalping: The home for discussion of stock and futures scalping. comments sorted by Best Top New Controversial Q&A Add a Comment AriesWarlock • Additional comment actions. Personally, I find value in using both the MACD and RSI in my trading strategy. 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 I'm looking for the best forex broker for scalping and could use some advice. I was pleasantly surprised to find that this Gold trading strategies surround a range of methodologies designed to profit from gold’s price movements, considering factors such as market trends, economic indicators, and geopolitical events. The hardest part of options is picking the right option strike that won’t decay faster than it gains in price. 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. What indicators you may need for gold scalping. I want to get super consistent as well and I am looking for the right strategies and what works for me, since I didn’t have luck with two legged pullbacks either. S. Scalping is very subjective in my opinion. You learn to recognize certain patterns and act on them. e. Emotions will screw most of us taking many losses on such short stop losses. Gold Scalping Trading A place to discuss forex strategy, ideas, analysis, and concepts. 0 spot gold trading strategies. This strategy uses two EMAs: a fast 5-period EMA and a slower 13-period EMA. This trading strategy was developed by a trader who trades Futures and currency pairs. I use FP Markets because their spreads are also stable even during volatile conditions, and there is no No-Dealing Desk. What is Gold Scalping? what is the best time to scalp gold? technical indicators for XAUUSD, pros & cons and more. The best gold trading strategy for scalping is to trade only during the London and New 30K subscribers in the SelfPromotionYouTube community. 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 Welcome to FXGears. You won’t always win but I have found that if you play it right, you can win most of the time. 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. 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. Ill definitely check back in, in 3months regardless of obvious sarcasm. S/R zones are beneficial to any strategy so using them would be a good idea. The best you could do is research "smart money concepts" aka SMC, and understand the very basis of what it means. So enter quick, collect pips and out. knowing the technical levels the big guys use for gauging/mediating price strength and then trading directly on their back. Scalping is more likely to be done watching a DOM so that you can literally watch the ranges being bounced around. Look up for example "round number scalping strategy" its easy basically when prize is getting close to some round number like 100 there usually is quick prize move and you can capitalize on it. Gold investment for IRA accounts. Some of the best strategies utilize “now or never” Approach. The ES is one of the most popular trading vehicles in the world, so scalping it is also common. One of the biggest factors being spread on the asset youre trading. com serves over 80 million customers today, with the world’s fastest growing crypto app, along with the Crypto. If you find you like scalping as well. 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. Referencing your comment you have a 100% win rate scalping your first two days. 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. Best results when price is bouncing between support and resistance zones. Profitable strategies can predict the behavior of the simple strategies, and trade based on that. Swing Trader Trading Take trading rush with a pinch of salt, their strategy does work but loses success on lower timeframes, I personally see it as a swing strategy. The most liquid pairs are the biggest currency combinations at the right times: EURUSD or GBPUSD during the London open. I’m looking to scalp on Gold - even quick trades on 15 and 5 mins time frame. It is particularly popular among day traders who wish to capitalize on the volatility in gold prices. With more than 10 years of experience in trading, I have found the best gold scalping strategy. In this subreddit, you have the freedom to self promote your youtube vids and any other videos “Scalping” is just a silly term for short-term low-point trading. I suspect we will have similar market conditions at least for the first half of next year. Hey guys im new trader, doing it 1year and wanted to read some advice and best strategies you guys got. Posted by u/Taolou - 12 votes and 19 comments We would like to show you a description here but the site won’t allow us. Welcome to FXGears. One of the most crucial things to being successful as well is to take quality Welcome to FXGears. The ONLY Multiple TMA FOREX Trading Strategy You Will EVER youtube upvote r/ProfitingForexTrading ---Best Forex Trading Systems: TradeJuice & Forex Trendy Review---Let's set up the Reddit Scalping Strategy. Traders use this technical indicator for obtaining buying and selling signals that stem from crossovers and divergences of the historical averages. Keep in mind no strategy is perfect and this is just what works for me right now. When it comes to high, it can go up for a moment but in a long run it will inevitably lead to loss. Don’t go against the trend. Gotta learn price action too. if you don't have your own ideas for gaining an edge in various market conditions then you will not make money. For individuals with day jobs and other activities, scalping is not necessarily an ideal strategy. In your opinion what is the best stop loss strategy for scalping really low time frames like the 1-5 minute. That doesnt account for the different strategies there are for scalping. All of your brain power must be focused on how the price moves. Gold isn’t forex, gold is a precious metal which has great volatility. GOOD VIBES ONLY🥇 Luck is what happens when preparation meets opportunity. I've worked myself up to a $10k position on each trade. /r/MCAT is a place for MCAT Don’t trade gold if you’re new to trading. And I think there are relatively few market participants. 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 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. Not to mention scalping strategies are very hard to stick to unless they are automated. 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. I would suggest using AMP Futures for your broker, and selecting Rithmic for your data feed. There is always gonna be variance and random distribution of results, even with a successfully tested edge. I focused on scalping gold and after 5 or 6 profitable trades, I'd have a 5 to 6 consecutive losing trades. New comments cannot be posted. Parabolic SAR Indicator Strategy. I am a couple weeks in using this strategy and becoming increasingly profitable. I've never done it before since the spreads were so big and I always used a different strategy. View community ranking In the Top 1% of largest communities on Reddit. 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. 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 Get the Reddit app Scan this QR code to download the app now. Best of Reddit; Topics; Content Policy; 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 # 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 Learn this Simple Scalping Strategy that uses the Best scalping strategy indicator. . Even the simplest strategy requires complex infrastructure to execute. If anyone has a better strategy then pls suggest. It doesn’t move like forex pairs. The fun part starts when he you get to know he runs a paid group and has nearly 80k subs on youtube. Matt Diamond YT Channel and Eric M. You can scalp this pair all day long. MACD is a mixed bag, it can be very right or very wrong but always too late. So, a backtesting with an optimization can be quite useful. Indeed, each of these indicators - Stochastic, RSI, and MACD - provides a unique perspective on price momentum and potential reversals. There's a high chance that the best performing one, even It took me around 1000 hours or more to get here. Just make sure not to just pick the strategy with the highest Sharpe Ratio or highest profit, because that'll probably lead to overfitting since you're picking out of a lot of strategies. The strategy utilizes the Relative Strength Index (RSI) indicator along with its moving average to identify potential trade setups based on divergences between price Likewise, different combinations of the RSI can also be tested to find which RSI pair produces the best results of the strategy. 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. We also encourage members to post news, rumors, and updates related to the game. The MCAT (Medical College Admission Test) is offered by the AAMC and is a required exam for admission to medical schools in the USA and Canada. RSI (Relative Strength Index) Strategy. Users equip NFT Sneakers – walk, jog or run outdoors to earn tokens and NFTs. 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. also 13 50 moving average cross over is one of my entry rules. I’m just really ecstatic to put into action and execution my 2. We call the indicator the MEERKAT! The strategy is simple. Had a profitable scalp earlier where I used both. Litecoin (LTC): Known as the silver to Bitcoin's gold, LTC offers relatively high liquidity and volatility, making it suitable for scalping strategies. Those VWAPs (daily/weekly/monthly) if you think about it are also anchored to a specific starting price and start time. 65 sell and 1% stop. Tick based renko or heikin ashi charts with sniper strategies is best for prop firm trading, at least that’s what I’ve found. 5 pips. Scalping is never made for trend stocks because of higher failure 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. The 30 sec will have more false signals than the 1, but the trade off is it will also have better entries for scalping if you learn how to filter the false signals out. 47 votes, 87 comments. Gold Scalping Strategy – All You Need to Know! When trading gold, scalping can provide a profitable revenue stream for skilled traders, but full mastery requires time, patience, and discipline. com is the best place to buy, sell, and pay with crypto. Possible entry points can appear and disappear very quickly, and thus, a trader must remain tied to his platform. 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. Cryptocurrency trading can be both exciting and daunting at the same time, especially for those who are just starting out. I think the fast paced movements and being able to jump to content. Ema, Rsi, Vwap- with a trend. 1st wait for a trend to form 2nd buy the pullbacks 3rd set SL at swing high/low or 25 pips 4th Set a 1:1. Reddit Forex Scalping Strategies: 1- Scalping trading using the stochastic oscillator. If after 3 months the results matched your expectations you can consider investing real dollars. if you need more explanantion and the I was also scalping gold past week. And Sometimes the desired entry or exit price is only available for a couple seconds. I mainly scalp ES, but I think NQ is better for scalping. Personally, I prefer the NQ for the volatility. Can’t wait to start That particular strategy gets the best results right when the market opens at 9:30 and after halts, but also happens during the day. Gives a chance to know what levels are solid and tradeable for 5-60 seconds. The #1 social media platform for MCAT advice. There is an absolute "No Troll" policy - this is a place where traders can learn and help each other. Dollar) are often a go-to choice for high-frequency traders. 1. Strategies for the Fast-Paced Day Traders: Momentum Strategy: Ride the wave of trending stocks, quickly. There are certain market conditions that lend themselves well to scalping. Keep Refine It And You Will Find Your Edge In The Market. I'd say move away from robotic indicator focused trades and try using more chart patterns. Generally one has to market order into fast moving stocks or ask+0. The secret of scalping in general is what I call explicit trading, i. true. I prefer gold because of the volume it offers, as it has an excellent amount of volatility. To each their own. # Advanced Gold Scalping Strategy with RSI Divergence ## Overview This Pine Script implements an advanced scalping strategy for gold (XAUUSD) trading, primarily designed for the 1-minute timeframe. 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. Reversal Strategy: Bet on stocks that seem to be turning around. It has way too many factors which impact it. READ MORE: Join Capitalist Exploits Newsletter for Free Tips. For ES I look at 20tick reversal bars to draw levels and then 10 or 5 tick reversals for entry. Then questions came like this, ok scalping is good and have high probability but how to do scalp. A Lot Of People Keep Questioning / Putting Down My Strategies Since My First Thread. BTC might not be the best pair for scalping though : Binance is great there too since you can trade many pairs. This provides much better opportunity for scalping. I have a scalping strategy live there generating steady profits. But i do agree gold can sometimes move 500-1000 pips a day. Scalping is quick profit. What’s the best TA only strategy for scalping? Looking for a TA strategy that has over 70% win rate that has quick close times, under 20 mins and a lot of entry points. If you’re new, then “scalping” is the best way to lose most of your equity within a few weeks. Remember, successful scalping requires thorough market analysis, risk management, and swift execution. No 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). For example, 1-2 minis on ES at 2 points (8 ticks) at a time is already $100-$200. The best way to scalp is with a tick chart + 1m chart or the price ladder. I've been checking out brokers with metatrader platforms since I like using MT4 or MT5 for their tools and indicators. Stochastic Oscillator Strategy. One thing I would say is a 60% win rate isn't always gonna be a 60% win rate. Trading the right Stock is 50% of the strategy. ; Exit: Use a fixed pip target or wait for an opposite crossover. All I need is $. Thanks Scalping doesn't mean take a huge position that will eat your account alive. Overview. Learned this the hard way. You can eventually combine them to get the best of both worlds. strategy works for nasdaq 100 as well. This will not always be true obviously. According to the author, he has successfully applied it to trade the Russell 2000 on 1 minute charts. My Easy 5 Min Scalping Strategy. In this discussion, let's share our most effective crypto trading strategies and learn from each other. I trade crude oil and sometimes gold. I’ve tried trailing , but it seems that it gets stopped out more often than not from small pullbacks. 🏃🏾🏃‍♀️🏃🏻‍♂️ _____ Users can trade their NFTs on the in-app marketplace. 50c and I set my stop at that level that way I lock in my daily goal. This makes the Welcome to FXGears. in a perfect world. 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 Can anybody share some scalping strategies that worked well in the market environment this year? Or maybe some setups you have backtested. 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. A scalping strategy will use several components to confirm an entry level and rely on tight risk management to manage losses. If you apply a strategy without thinking about price action, it'll never make you profitable. I am very got into trading XAUUSD whats the I Have Made Over 300K Scalping On TOS Since May 2020 (Little More On My Other Broker). You should not be relying on indicators alone to develop this sense. It's more about taking very high probable small-movement trades. EDIT These are nice trades though 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'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 The best scalping strategies. I am Welcome to FXGears. The best indicator for scalping gold trading strategies is oscillators such as the stochastic indicator or MACD, RSI, stochastic, etc. Currently using trend + Williams %R with 0. EMA Scalping Strategies 1. It's not uncommon to see scalpers having upward of 80% as winrate. With Traveling Trading are the only 2 momentum traders worth watching and learning from. Scalping is a difficult strategy to execute successfully. 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. Share your strategies, tips, and favorite moments with fellow fans. Major approaches and trading methodologies described in detail. 1 % on limit orders). Sizing those up and Been scalping MNQ profitably for the past month and a half and it’s been proving well for me. For day trading I look at the 4h and 1h charts, take entries on the 5mn chart (30 to 40pips I’m out). 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. If your main strategy works, continue to use it. Are you interested in day trading or scalping? Big difference. 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. The best scalping strategy for gold varies based on market conditions and individual preferences. 05 for protection, and throw out limits near the ask to get out ideally until it I stopped scalping a few years ago because I had the same problem. Now, since the spreads are so low, I want to give scalping a shot. It can see volatile a random pair to trade. Optimal is getting filled on the bid and selling out on the ask. Searching on YouTube and Reddit for a strategy won't land you something interesting, been there done that. Instead, longer-term trades with bigger profit targets are more suited. What is XAUUSD Scalping? Scalping XAUUSD refers to a trading style that focuses on capitalizing on small price changes in the gold market. 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). Eric has a little bit more variety than MD i think and actually takes times to coach his followers so hes @betsuni_123 have you tried this strategy with the moon averages? I will be honest. Breakout Strategy: Jump in when stocks break their usual patterns. Scalping is 90% accurate with a win/loss of 1:3 or maybe even more like 1:5. The main strategy that I currently trade on uses a 30 sec and 1 min with a 3 min to check for divergences. Is it easy? That depends entirely on you and how you manage risk. 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 Binance fees are good actually (<. Honestly, do not learn about candle stick patterns, they are meaningless and will ruin your trading. my subreddits. For scalping you dont use trailing stops at all. I’ll hold slightly longer if there’s obvious Despite what people saying, scalping is a perfectly workable strategy for retail traders, but, overall, scalping requires more sophisticated risk management. This is completely dependent on your strategy, how you read the market etc. Binance Review Try to backtest your new strategy if at all possible. He is my best sentiment indicator and counter trading him has yielded almost a 100% win rate. The Classic 5/13 EMA Crossover. It can move in one direction for weeks without pullback. That’s your strategy for the entry pattern you look for and you’ve clearly optimized it to work for you. The term stochastic refers to the Welcome to FXGears. So what is the best place to start ?? Scalping is best on dastrader. Crypto. 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. Make sure that for whatever timeframe you are trading you have enough ongoing volatility that making your profit target (including fees on the position) from entries is basically guaranteed. To score quick points on forex you need liquidity. 2-0. Simple, well-known strategies are going to be the ones that more people are using. 1K subscribers in the ForexCracked community. A place for redditors to discuss quantitative trading, statistical methods, econometrics, programming, implementation, automated strategies, and bounce ideas off each other for constructive criticism. com, a trading forum run by professional traders. Join us to explore the game's challenges, mechanic's, lore and environments and share our love for this thrilling game. Best Scalping Strategy in Forex Trading 2024 | Profitable Scalping Strategy #xauusd #gold This community is devoted to the teaching of strategies and resources to help traders become consistently profitable. Hey I’d say scalping involves a certain amount of intuition. I eventually worked my way back into the buy side again, mostly for hedging the CSPs. ForexCracked Official subreddit; Share and Discuss Forex EA, Indicators, Lessons, strategies, Video 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. Or you can scalp while your main trades are working themselves out. Think of it as trying to catch every tiny wave in the ocean rather than waiting for a big Welcome to FXGears. So I don't even look at strategies where they're not talking about resistance and support lol. Start with a low percentage of your expected full position and increase this as time goes by and you become more confident in your new strategy. I Bob Volman - Forex Price Action Scalping an in-depth look into the field of professional scalping. Traders use the EMA to analyze an asset’s price movement. But The Truth is Only You Know The In And Out Of Your Strategies. Anyone here who currently trades Gold on these lower time frame and is consistently profitable, please could you drop some advice. 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. Nice strategy! have you tried it on currency pairs? Every strategy has a different edge. 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. I love how volatile it 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. The secret sauce for me has been the timeframe/lookback interplay. Unlike most strategies, scalping requires the Welcome to FXGears. Opening range breakout or high of day break is what I usually play. Slight misconception - scalping doesn't necessarily mean tons of trades per day. Even the big boys understand the market is not predictable beyond 5 minutes. Scalping requires large size, small moves and quick profits. You have to be a step ahead. Posted by u/Dominic_Walsh_Trader - 1 vote and no comments 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. ; Stop-loss: Place stops below recent swing lows for long trades, above swing highs The strategy uses a custom indicator I coded for trading view which is 100% free - just DM me or join my DC link in bio. paje ztgqfie mdjhfqb zbmmsg gwxx xemxhf lut vdmnr vwxfl zyxmv