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Scalping-gold

How To Scalp or Day Trade XAUUSD. Scalping Strategy 15m. In this video, we explore a high-probability scalping and/or day trading strategy for XAUUSD (Gold), building upon concepts introduced in our previous videos about trading plan development and risk management. This installment focuses on refining entry points for high-probability trades. Initially, we analyze a basic trend continuation strategy on the 4-hour time frame. Subsequently, we zoom in on the 15-minute time frame to pinpoint specific price action that offers precise entry opportunities. Our approach involves identifying sideways price action, forming a range, and patiently waiting for signs of volatility. Once liquidity is hit above or below the range, the trend often establishes itself on the lower time frame, allowing us to execute trades on the 15-minute chart. As always, please note that this video serves an educational purpose and should not be considered financial advice.” 🚀📊
FOREXCOM:XAUUSDEducation
by tradingwithanthony
Using Stochastic RSI to trade Gold on shorter time framesFor the past 2 months I tested a scalping strategy using the Stoch RSI oscilator for OANDA:XAUUSD . Basically, it consisted in entering a position, short or long, whenever the Stoch RSI crossed the signal above (shorting) or bellow (long) the overbought /oversold zones with very tight SL, waiting until the Stoch RSI gave me a clear trend change signal. I tried several time frames for Gold and found that 15m and 30m worked the best. Bear in mind I tried this for stocks, Bitcoin and it didn't fit at all. Only with gold. And only with the stoch RSI, the RSI was almost useless. At first this strategy was providing me good results. I had a hit rate of up to 85% on shorts and and 50% on longs. I tried several explanations for this and best one I found is a combination of the following two: 1) gold was in a macro slight downtrend and even in very short time frames, the probability of being right shorting was higher. 2) gold (and everything?) tends to come down more decisively than up so the oscillators pick a more clear trend shift. 3) my psychology was stronger shorting, somehow I seem to be more "afraid" when longing, perhaps because of point number 2). I eventually 1) gave up longing gold 2) used less leverage to have less tight SL and the strategy seemed too good to be true. No one was mentioning this on ideas or chats and sometimes I felt like I had found some sort of cheat code. Fellow traders would write "it's going up" or "it's going down" and they were almost always wrong if the Stoch RSI didn't match. However, suddenly i stopped having clear signals, the market completely changed. Stubbornly and because I wanted to test it, I stuck to it, but it never worked again (so far). My conclusion is that for it to work, the price action needs to be in "oscillator" mode with gold trading sideways on 15/30 minute time frame with a range of more than 3-4$ between tops and bottoms. It's also wiser to follow the main trend and opting out on entering short or long positions against a main trend. Also, it is very important to check TVC:DXY and TVC:US10Y in real time. (right now those two indicators are much more relevant to me than stoch RSI). I know for many more experienced traders the above idea might seem very obvious or naive, but I'm learning every day and I though I'd share my experience. Feel free to comment and happy trading to all.
TVC:GOLDEducation
by Aguia7777
1
AUDJPY: BULLISH CHANNELING,POTENTIAL STRONG RESISTANCE BREAKOUT?Hello Enthusiast Forex Traders! Here's short-term outlook for AUDJPY, Please give us the thumbs up and support the channel by Smashing the FOLLOW button :) AUDJPY has broken out of the Descending Broadening Wedge Pattern . Breaking out of the pattern may indicates a potential bullish bias ahead. The momentum indicator are nearly crossing above the zero level, it could indicate a stronger momentum going upward in the near future. The roadmap will be invalid after exceeding the support/target area. DISCLAIMER: This is only an outlook, not a recommedation to buy or sell the cryptocurrency.
Long
by financialfreedomgoals101
2
Gold remains undecisive Holds On a strong Trend-lineGold is currently undecisive price is at a key level both bullish and bearish scenario applies. Price could respect the prolonged blue trendline and form sort of like a 1-2 1-2 sequence and makes a move to the upside I also like the fact that we are currently trading on a 78,6 Fibonacci retracement. The bearish scenario suggests that we are forming a 1-2-3-4-5 and we are trading at the 3rd wave phase and we need to wait for wave 4 to occur before selling.
TVC:GOLD
by Weshareio
XAUUSD Approaching the Zone and Entry Triggered Update(12.5.21)Hello Everyone Yesterday Analysis on Gold approaching as we Analyzed! The Daily Candle did close below 40% of the Previous Engulfing Body, If we measure the Retracement of the Previous impulsive leg there we can see the market lining up the 50% retracement level+Previous support turns resistance and shooting star candle closing below our mark level in the H1 chart gives us nice opportunity to ride the trend of BC leg as AB=CD as shown in the chart! In the H4 Chart market growing as a Trending channel so the lower trendline testing,61.8 retracement of the previous daily impulsive +AB=CD validation will gives us strong next move to the upside. Now if u like this free analysis, give a tip n follow will improve the next step thanks to all We help all the traders who r not profitable and who had to face lots of problems with their financial statement and income. We know cause we were there at some point!
OANDA:XAUUSDShort
by liveschangerfx4u
XAUUSD LongThe main reason which I like to see more continuation to the upside Resistance line plus weekly market structure zone because the Dollar index was selling for a long time and US10Y has just declined from the monthly Drop base Drop Supply zone So it better to go with the trend continuation and the previous NFP added more strength to go upside. We can buy after the hourly breakout of the 1845 Price level and target around 1875 1878 SL will be at 1830 As I m just started using the trading view so u r likes , give a tip n follow will improve the next step thanks to all
OANDA:XAUUSDLong
by liveschangerfx4u
1
Washout Scalp In December Gold FuturesAt press time, December gold futures are up moderately for the session trading above the 1210.0 handle. Make no mistake, this is a critical technical level. If we see another late day sell-off in bullion, a bearish washout may develop beneath Tuesday’s low (1205.8). Here is the trade: 1)Entry: Sell 1205.7 2)Stop Loss: 1207.1 3)Profit Target: 1204.7 4) Risk vs Reward: Sub-1/1 The goal is quick and positive price action. If there are buyers home above the 1205.0 handle, then head for the door. This trade is good for the remainder of the Wednesday session.
COMEX:GCZ2018Short
by FXLeaders