This Gold Scalping Strategy Still Makes $100s in Seconds!

Summary

In this video, the trader demonstrates a scalping strategy on gold, focusing on 1 to 5 minute time frames to profit quickly. They analyze various chart patterns such as rectangle, double top, and bearish engulfing, and confidently execute trades with a negative risk-reward ratio, anticipating price retests of support levels. Despite initial losses, they maintain their strategy, adjusting stop losses and taking profits as the market moves, ultimately resulting in profitable trades. The video concludes with a promotion for the trader's VAP signals and price action trading guide.

Takeaways

• 💼 The speaker is demonstrating a live trading session on gold, aiming to prove the profitability of scalping strategies on short time frames.
• ⏱ The trading focuses on 1 to 5 minute time frames, with the speaker asserting that this approach can yield quick profits.
• 📉 The speaker identifies a downtrend on the 15-minute time frame and uses this to inform their trading decisions.
• 📈 The speaker marks previous support levels on the 5-minute chart and identifies a rectangle pattern on the 1-minute chart to base their trade on.
• 💹 The speaker opens a trade with a size of five lots, indicating a significant position on their account, which contains $18,000.
• 📊 The speaker sets stop loss and take profit levels with a negative risk-reward ratio, anticipating a retest of a previous support level.
• 📈 The speaker discusses various chart patterns, including a double top, rectangle, and triangle, as bearish confirmations for their sell orders.
• 📉 The speaker anticipates a bounce off the 50 moving average and considers entering another trade if the price respects this level.
• 🔄 The speaker modifies their stop loss for an open trade, aiming to adjust their risk management based on the ongoing market movement.
• 💰 The speaker concludes the session with a profit, highlighting the effectiveness of their scalping strategy and promoting their trading signals and guides.

Q & A

What is the main topic of the video script?

The main topic of the video script is demonstrating a live trading session on gold, using scalping strategies on short time frames like 1 to 5 minutes to make quick profits.

What is the speaker's stance on the effectiveness of the trading strategy discussed?

The speaker is confident about the effectiveness of the trading strategy and aims to prove the skeptics wrong by showcasing a live trading session.

What time frames are being analyzed in the trading strategy?

The trading strategy involves analyzing the 15-minute, 5-minute, and 1-minute time frames to identify trading opportunities.

What chart patterns are mentioned in the script that support the bearish outlook?

The chart patterns mentioned include a rectangle pattern, double top, triangle pattern, and bearish engulfing candlestick.

What is the speaker's trading size for the gold position?

The speaker's trading size for the gold position is 5 lots.

What is the speaker's approach to risk management in this trading session?

The speaker sets stop loss and take profit levels, and is willing to adjust the stop loss if the price moves in their favor, aiming for a negative risk-reward ratio.

Why does the speaker mention the moving averages in the trading strategy?

The speaker refers to moving averages as indicators of potential support and resistance levels, which can influence the direction of the price movement.

What is the speaker's opinion on the importance of chart patterns in trading?

The speaker believes that chart patterns are crucial for confirming trade entries and exits, as they provide visual cues for potential market movements.

What is the speaker's strategy for entering additional trades?

The speaker plans to enter additional trades if the price retests certain support or resistance levels, indicating a potential continuation of the trend.

What is the speaker's final outcome in terms of profit from the gold trades discussed in the script?

The speaker ends up with a total profit of $569 from the gold trades using the scalping strategy discussed.

What additional resources does the speaker offer for those interested in learning more about the trading strategy?

The speaker offers a link to their VAP signals and a price action trading guide for those who want to learn more about the trading strategy.

Outlines

00:00

📈 Gold Scalping Strategy and Live Trading Session

The speaker demonstrates a gold scalping strategy on short time frames, specifically 1 to 5 minutes, aiming to prove its profitability despite skepticism. They analyze the 15-minute, 5-minute, and 1-minute time frames, identifying patterns like a squeeze, rectangle, and triangle that suggest a downward trend. A trade is executed with a significant lot size, and stop loss and take profit levels are set with a negative risk-reward ratio, anticipating a retest of a support level. The speaker discusses potential adjustments to the stop loss based on moving averages and expresses confidence in the strategy despite an initial loss. They also mention additional chart patterns like double top and bearish engulfing candles, which reinforce the bearish outlook. The session includes a second trade entry and adjustments to the stop loss, with the speaker emphasizing trust in their strategy despite market volatility.

05:01

💰 Profitable Outcome and Trading Resources Offer

The speaker concludes the video by summarizing the successful outcome of the gold scalping strategy, having made a total profit of $569. They invite viewers to access a link for further information on the strategy and to join their VIP signals group. The offer includes a price action trading guide, which is positioned as a valuable resource for learning to trade effectively using the demonstrated techniques.

Keywords

💡Scalping

Scalping in the context of trading refers to a strategy where traders aim to profit from small price changes in a short period of time, often within minutes. In the video, the presenter is demonstrating how to scalp gold on the 1 to 5 minute time frames, which is a quick and intensive trading approach. The presenter's strategy involves identifying patterns and making trades based on these short-term market movements.

💡Time Frames

Time frames are the intervals used by traders to analyze market data. In the video, the presenter specifically mentions the 1 to 5 minute time frames for scalping gold, indicating a focus on very short-term market behavior. This is crucial for scalpers who need to react quickly to market changes to capitalize on small price movements.

💡Support and Resistance

Support and resistance are concepts used in technical analysis to identify price levels at which it is thought the security will have a reaction. In the script, the presenter discusses marking previous areas of support and resistance on the chart, which are used to make trading decisions. For example, the presenter anticipates that the price will retest a previous support level, indicating a potential entry point for a short trade.

💡Chart Patterns

Chart patterns are formations on a price chart that can suggest future price movements. The presenter mentions several chart patterns, such as the rectangle and triangle patterns, which are used to identify potential trading opportunities. These patterns are significant in the video's theme as they are the basis for the scalping strategy being demonstrated.

💡Stop Loss and Take Profit

Stop loss and take profit are orders used in trading to limit potential losses or lock in profits. The presenter sets these levels for their trades, as seen when they mention having a negative risk-reward ratio and adjusting the stop loss based on the moving averages. These orders are essential for risk management in the fast-paced environment of scalping.

💡Risk-Reward Ratio

The risk-reward ratio is a measure used in trading to evaluate the potential risk of a trade against the potential reward. The presenter discusses having a negative risk-reward ratio, which means they expect a higher potential loss than gain. This is a strategic decision based on their belief that the price will retest a certain area, as mentioned in the script.

💡Moving Averages

Moving averages are a widely used indicator in technical analysis that help smooth out price data to show underlying trends. In the video, the presenter refers to various moving averages, such as the 50 and 100 moving averages, to determine entry and exit points for trades. These averages provide a reference point for the presenter's scalping strategy.

💡Bearish Engulfing Candlestick

A bearish engulfing candlestick pattern occurs when a small bullish candle is followed by a larger bearish candle, indicating a potential trend reversal to the downside. The presenter mentions this pattern as a confirmation for sell orders, showing how they use candlestick patterns to support their trading decisions in the scalping strategy.

💡Consolidation Phase

A consolidation phase is a period of price stability following a significant price movement, often seen as a pause before the next major trend. The presenter expresses concern about a potential consolidation phase, as it could limit the opportunities for scalping. This is relevant to the video's theme because scalpers thrive on volatility and quick price movements.

💡M Pattern

The M pattern, also known as a double top, is a bearish chart pattern that forms when the price reaches a peak, pulls back, and then retests the peak again without surpassing it. The presenter discusses the formation of an M pattern and the breaking of the neckline, which is a signal for a potential price drop, fitting into the scalping strategy by providing a sell signal.

Highlights

Demonstrating a gold scalping strategy on 1 to 5 minute time frames to disprove critics.

Analyzing the 15-minute time frame to identify a downtrend and squeeze pattern.

Marking a previous area of support on the 5-minute chart for potential trading decisions.

Identifying a rectangle pattern on the 1-minute chart that indicates a breakout and potential short position.

Executing a trade with a large lot size of five on a significant account with $18,000 capital.

Setting stop loss and take profit levels with a negative risk-reward ratio based on the anticipation of price retesting support.

Considering adjusting the stop loss higher if the price moves up and respects the 200 moving average.

Observing a rectangle tool pattern and a double top pattern as confirmations for a bearish move.

Mentioning a bearish engulfing candlestick pattern and a broken trend line as sell signals.

Discussing the potential for a price bounce at the 50 moving average and the strategy for entering another trade.

Entering a second trade with a modified stop loss to increase the chances of profit.

Describing a bearish engulfing candlestick pattern near the 100 moving average as a strong resistance area.

Observing a consolidation phase and its implications for the trade strategy.

Identifying an M pattern and its significance in the current trading scenario.

Closing a trade with a profit of $600 after the price retests a strong support area.

Highlighting additional profitable trades made earlier using the same scalping strategy.

Promoting a link to a trading guide and signals service for those interested in learning the strategy.

Transcripts

today I'm showing you how to profit a

lot of money quickly by scalping gold on

the 1 to 5 minute time frames some

people actually dare to say that this

trading strategy doesn't work well today

I'm proving the haters Wrong by live

trading on my main account enjoy okay

looking at the 15-minute time frame

we're currently trending towards the

downside over here clear squeeze pattern

on the 5 minute we can mark this

previous area of support and on the one

minute we had this nice rectangle

pattern just over here it's not yet

finished it just broke out had a pull

back going towards the downside I feel

like it's going to retest this previous

support level so we can definitely short

this gold position so I'm not messing

about today five L size there we go this

is a big account I got 18 Grand okay

these are my stop loss and take profit

levels as you can see I'm having a

negative risk reward because I do

believe it's going to retest this area

zone and I'm aiming above all of the uh

free moving averages if it's going to

continue moving up I might adjust my

stop loss a little bit higher for the

200 moving average but I'm not too sure

since I have opened a five loss size

trade as we can see currently I am minus

$175 so the reason for my confidence is

simple not only do we have this

rectangle tool we also have double top

over here the neckline was broken after

it breaks exhaustion to the moving

averages and now we had the push towards

the downside it could touch this area Z

but I assume it might bounce off the

5050 moving average just around here not

only that we also had the triangle

pattern as we can see over here dropping

down look at this beautiful and this

triangle pattern is also a bearish

confirmation for sell orders I might

have missed my closure I obviously had

my take profit over here is retesting

this area zone this is a great bearish

engulfing Candlestick breaking past this

previous area of trend line I should see

my take profit let's take a look at our

meta trade the $400 at the moment so

currently it made new lows once again as

we can see we are dropping dropping

dropping dropping and now currently

pulling back to the moving average

actually might enter yet another trade

if it respects the 50 one more time

which will help me double down on this

trade cuz I do believe it's going to

retest this previous area Z okay so it's

retesting the 50 maybe it's going to

close like this that would be a shooting

star uh pattern obviously without the

wick at the bottom okay so this was the

previous area resistance as we can see

nice little Wick over here I wish it

went a little bit more down there we go

for our entry one more time I mean it

broke the 50 but I'm not too scared

because it's bouncing off the 100 there

we go okay I'm entering again uh two and

a half this time there we go so these

are my takeprofit and stop- loss levels

for the second trade I'm thinking to do

the same thing for the first trade

increasing the stop loss actually I'll

do that now there we go I'm increasing

it modify the trade so we have two

trades at the moment both far in the

minus but as I said scared money don't

make money trust me I know my strategy I

know it works so good bearish engulfing

Candlestick retested of the 100 moving

average this was a strong area

resistance all chart patterns as I said

are in favor for this trade to drop down

one more time so if we do manage to

retest this previous area zone over here

I might see how much money I made and if

it's enough for me I might close it off

because as I said this Friday the lack

of volatility can actually screw you

over bullish Eng golf in Candlestick

bounce of the 20 moving average is not

good because it might start a

consolidation phase over here and this

is really not what I want to see the

reason why it's struggling to break it

because we have the 100 moving average

over here right he has crossed above it

and now he struggling to break it as you

can see my wife made dinner and I'm

trading I can't even go to the dinner

table now but as we can see uh we have

formed a m pattern over here the

neckline was broken two moving averages

going towards the downside now depending

how this Candlestick closes we'll see

what to do next a nice upper Shadow over

here meaning the wick is very very long

uh comparing to the body and I just want

to retest this previous area so over

here and I might be ending this trade

I'm currently $367 on one of them and

minus 30 on the other as you can see

this area of support is very very strong

we had this dodgy over here off this

support level so we might just close it

off over here unless we break it 135 you

know what

$600 we are closing it off and as you

can see there's the two gold trades that

I placed $445 and $115 these are two

random trades I placed earlier on just

before I was recording and they are

profitable as well using the same

strategy by the way and

$569 in total simply by using this gold

scalping strategy if you want to watch

it I'll leave a link Just Around Here

make sure to join my VAP signals and

learn how to trade with my price action

trading guide it's the first link down

in the description below