SIMPLE GOLD SCALPING MODULE: TIME PRECISE MODEL
Gold (XAUUSD) easily has an ATR of 20-30 pips during London Open. We want to Scalp only 10 pips out of it. We concentrate on Asian High-Low manipulation as well as keep an eye on Breakout Continuation.
Before I proceed to the strategy, you need the following indicator:
Trading Session Time with Alert MT5
If you are using MT4 or Trading View/Ninja Trader/CTrader, please find a suitable Market Session Indicator.
Now, install the indicator and set Asian Session. I am from Dhaka, Bangladesh, so London Session opens at 1:00 PM Bangladesh Time. Therefore, in the Trading Session Indicator, I will configure it in a way so my Asian closes at 1:00 PM. This is very important to configure your Chart the same way I did, or the strategy won't work.
Now that you have configured your trading Platform. Let's move on to the strategy.
Rules:
- We only trade XAUUSD (Gold) 15-minute chart.
- Asian High-Low needs to be broken before you can even consider analyzing the Candles.
- If price doesn't break high low within the first 3 hours of London Open - No trade
SELL MODULE
SELL MODULE: ASIAN HIGH MANIPULATION
- Price Break Asian High + Prints Big bear Candle + couple of small Bull Candle + Then Bear Candle engulfs the Bull candle.
SELL MODULE: ASIAN LOW CONTINUATION
- Break Asian Low + Big Bear + Bull Consolidation + Bear Engulf
SELL MODULE: ASIAN LOW BEARS
- Asian Low Break + 2 Consecutive Big Bear Candles
BUY MODULE
BUY MODULE: ASIAN LOW MANIPULATION
- Price Break Asian Low + Prints Big Bull Candle + 1/more small Bear Consolidation Candle + Then Bull Candle engulfs the Bear candle.
BUY MODULE: ASIAN HIGH CONTINUATION
- Break Asian HIGH + Big Bull + Bear Consolidation + Bull Engulf
BUY MODULE: ASIAN HIGH BULLS
- Asian High Break + 2 Consecutive Big Bull Candles
DOUBLE EDGE ENTRY MODULE
DOUBLE EDGE ENTRY TO COVER LOSS
- Double Big Bull + big Bear Engulf + 2nd Big Bear
STOP LOSS AND TRAILING STOP:
- Place Stop Loss Below/Above the 1st Candle that Trigger Buy/Sell.
- Once Price Gain +10 Pips, Close 50% of your Position and Drag Stop Loss Below/Above the Nearest Closed 15-minute Candle Wick for Buy/Sell Order.
Note: The above TRAILING STOP METHOD can certainly help you win BIG Pips some days. But another way to TAKE PROFIT is to Close FULL POSITION at +20 pips.
This is an extremely profitable Gold Scalping Method that requires low commission broker and a Zero Spread Account.
Don't be greedy! 10 pips a day is enough to make a living out of trading.
Gold (XAUUSD) easily has an ATR of 20-30 pips during London Open. We want to Scalp only 10 pips out of it. We concentrate on Asian High-Low manipulation as well as keep an eye on Breakout Continuation.
Before I proceed to the strategy, you need the following indicator:
Trading Session Time with Alert MT5
If you are using MT4 or Trading View/Ninja Trader/CTrader, please find a suitable Market Session Indicator.
Now, install the indicator and set Asian Session. I am from Dhaka, Bangladesh, so London Session opens at 1:00 PM Bangladesh Time. Therefore, in the Trading Session Indicator, I will configure it in a way so my Asian closes at 1:00 PM. This is very important to configure your Chart the same way I did, or the strategy won't work.
Now that you have configured your trading Platform. Let's move on to the strategy.
Rules:
- We only trade XAUUSD (Gold) 15-minute chart.
- Asian High-Low needs to be broken before you can even consider analyzing the Candles.
- If price doesn't break high low within the first 3 hours of London Open - No trade
SELL MODULE
SELL MODULE: ASIAN HIGH MANIPULATION
- Price Break Asian High + Prints Big bear Candle + couple of small Bull Candle + Then Bear Candle engulfs the Bull candle.
SELL MODULE: ASIAN LOW CONTINUATION
- Break Asian Low + Big Bear + Bull Consolidation + Bear Engulf
SELL MODULE: ASIAN LOW BEARS
- Asian Low Break + 2 Consecutive Big Bear Candles
BUY MODULE
BUY MODULE: ASIAN LOW MANIPULATION
- Price Break Asian Low + Prints Big Bull Candle + 1/more small Bear Consolidation Candle + Then Bull Candle engulfs the Bear candle.
BUY MODULE: ASIAN HIGH CONTINUATION
- Break Asian HIGH + Big Bull + Bear Consolidation + Bull Engulf
BUY MODULE: ASIAN HIGH BULLS
- Asian High Break + 2 Consecutive Big Bull Candles
DOUBLE EDGE ENTRY MODULE
DOUBLE EDGE ENTRY TO COVER LOSS
- Double Big Bull + big Bear Engulf + 2nd Big Bear
STOP LOSS AND TRAILING STOP:
- Place Stop Loss Below/Above the 1st Candle that Trigger Buy/Sell.
- Once Price Gain +10 Pips, Close 50% of your Position and Drag Stop Loss Below/Above the Nearest Closed 15-minute Candle Wick for Buy/Sell Order.
Note: The above TRAILING STOP METHOD can certainly help you win BIG Pips some days. But another way to TAKE PROFIT is to Close FULL POSITION at +20 pips.
This is an extremely profitable Gold Scalping Method that requires low commission broker and a Zero Spread Account.
Don't be greedy! 10 pips a day is enough to make a living out of trading.
