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Unlocking Gold Trading Success: Intense 1-Minute Scalping System

  • #101
  • Jul 10, 2023 8:56am Jul 10, 2023 8:56am
Same setup, extra confirmation was large bullish volume (not spike) on a bullish indecision candle - entered on subsequent bearish volume spike, price got stuck in between a small range for a bit but broke through for quick scalp
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Can't go broke making profit
  • #102
  • Jul 10, 2023 8:58am Jul 10, 2023 8:58am
Quoting FireScape
Same setup, extra confirmation was large bullish volume (not spike) on a bullish indecision candle - entered on subsequent bearish volume spike, price got stuck in between a small range for a bit but broke through for quick scalp {image} {image}
price reversing back to upside now, that’s why we get in and out quickly
Can't go broke making profit
  • #103
  • Jul 10, 2023 9:00am Jul 10, 2023 9:00am
Index testing resistance let’s see

edit - bullish volume spike fail

bulls we’re able to win and push to next zone - no trade
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Can't go broke making profit
  • #104
  • Jul 10, 2023 9:06am Jul 10, 2023 9:06am
Gold testing
entered on this spike in draw down
sl hit
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Can't go broke making profit
  • #105
  • Jul 10, 2023 11:30am Jul 10, 2023 11:30am
notice the accuracy is at its highest when market is the most liquid. NY OPEN all trades hit right as planned, right around 10-11 volume starts to fade and setups take longer and longer and the longer a setup takes the less accurate your bet gets. Going to focus only scalping NY and LONDON open
Can't go broke making profit
  • #106
  • Jul 10, 2023 3:28pm Jul 10, 2023 3:28pm
Quoting encryptedehs
{quote} No. I have an EA made on this running on vps. encryptedehs
How successful is the EA you made? and have you backtested it? Is there a way we can get it and test it?
  • #107
  • Edited 7:31am Jul 19, 2023 7:10am | Edited 7:31am
TradingView indicator “Trend Channels” by a Chart Prime is an awesome indicator to detect levels.

So what I’ve been testing is, as price approaches the level or as we are in the level, we want to see a big spike. After the spike we enter at the cleanest trend line break

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Can't go broke making profit
  • #108
  • Jul 19, 2023 7:32am Jul 19, 2023 7:32am
Quoting FireScape
TradingView indicator “Trend Channels” by a Chart Prime is an awesome indicator to detect levels. So what I’ve been testing is, as price approaches the level or as we are in the level, we want to see a big spike. After the spike we enter at the cleanest trend line break {image}
You can see on the last arrow that the volume bar wasn’t a big enough spike, demonstrated when price couldn’t break trend line
Can't go broke making profit
  • #109
  • Jul 19, 2023 7:44am Jul 19, 2023 7:44am
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hard to see but the trend line is drawn clean off the tops of wicks not intersecting any candles or wicks
Can't go broke making profit
  • #110
  • Jul 19, 2023 8:15am Jul 19, 2023 8:15am
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  • #111
  • Jul 19, 2023 9:02am Jul 19, 2023 9:02am
A quick try from my demo account i wish it was on my real account ahah worked so well there was resistance sma was crossed with green volume so i took a sell and closed with a profit but i could hold till sma cross again thanks Encryptedehs
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  • #112
  • Jul 19, 2023 9:15am Jul 19, 2023 9:15am
Another try closed with profit
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  • #113
  • Jul 19, 2023 9:42am Jul 19, 2023 9:42am
That's the hardes one between sup and dem let's see what's gonna happen there
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  • #114
  • Jul 19, 2023 9:43am Jul 19, 2023 9:43am
Quoting kadak
That's the hardes one between sup and dem let's see what's gonna happen there {image}
So quick update in seconds one more winnig trade
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  • #115
  • Jul 19, 2023 9:59am Jul 19, 2023 9:59am
Another quick one my last try on demo account was succesfull
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  • #116
  • Jul 19, 2023 12:07pm Jul 19, 2023 12:07pm
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Can't go broke making profit
  • #117
  • Jul 19, 2023 2:46pm Jul 19, 2023 2:46pm
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Can't go broke making profit
  • #118
  • Jul 19, 2023 2:53pm Jul 19, 2023 2:53pm
Quoting FireScape
{image}
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Can't go broke making profit
  • #119
  • Jul 19, 2023 4:23pm Jul 19, 2023 4:23pm
Quoting FireScape
{quote} {image} {image}
what are all the indicators you are using in trading view?

and what’s the volume indicator you are using?
  • #120
  • Jul 19, 2023 4:37pm Jul 19, 2023 4:37pm
Quoting Outcast918
{quote} what are all the indicators you are using in trading view? and what’s the volume indicator you are using?
Hey I mentioned it in a previous post but I’m using the “Trend Channels” indicator by Chart Prime and the default volume indicator by TradingView. (Enable moving average )

Just two indicators - really liking the trend channels indicator, it’s working like magic. I feel infinitely more comfortable with this system now that I have found my dynamic support and resistance indicator. The whole concept is based around sup and res so if that’s not up to par neither will your system.

im loving the aggressive trading style with this system, lots of fun. Additionally I’m in love with the simple logic. Price approaching area, price spikes, make trade.
fundamentally it doesn’t get any cleaner.

However, it’s a scalping strategy. I’m learning how to manage my positions and not let losers get out of hand. These liquid markets like nas and gold can be a bit scary
Can't go broke making profit
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