XAUUSD Scalping Strategy — Transcript

Full transcript

1. 0:00you guys have no idea how many dms i get
2. 0:03asking to learn how to trade gold gold
3. 0:06is like
4. 0:07the gold standard of day trading if you
5. 0:09can get successful trading gold you can
6. 0:11make a lot of money very quickly
7. 0:13and if you suck at trading gold you can
8. 0:15lose a ton of money
9. 0:16very quickly so in this video i'm going
10. 0:19to show you
11. 0:20how i would scalp gold i do not trade
12. 0:23gold because i've been
13. 0:24burned on it before so it left a bad
14. 0:26taste in my mouth
15. 0:28but i've been back testing it and using
16. 0:30the strategies that i've made videos on
17. 0:32this
18. 0:32channel i'm getting some pretty good
19. 0:34results
20. 0:36[Music]
21. 0:38welcome back to the channel everybody my
22. 0:40name is artie and this
23. 0:41is the moving average the show where we
24. 0:43discuss everything day trading to keep
25. 0:44you
26. 0:45profitable on a consistent basis so
27. 0:47because gold has different contract
28. 0:49sizes you can place a small trade on
29. 0:51gold
30. 0:52and make way more money than you would
31. 0:54the same small trade on forex it's the
32. 0:56same with indices or cryptocurrencies
33. 0:58the issue with gold is that the price
34. 1:00can spike up or down dramatically at a
35. 1:03moment's notice
36. 1:03so here is my warning do not trade gold
37. 1:06with live money if you've never done it
38. 1:08before
39. 1:09start on demo the next thing that you
40. 1:12need to do before you even touch this
41. 1:14is watch all of my strategy videos i've
42. 1:17got a whole playlist
43. 1:18on the channel about all the strategies
44. 1:20that i do i do not make a video on a
45. 1:22strategy
46. 1:22that i feel does not work you won't see
47. 1:25me reviewing strategies
48. 1:26that simply suck just to get the views
49. 1:28the reason i say this is because you
50. 1:30need to use a combination of strategies
51. 1:33you need to know support and resistance
52. 1:34levels you need to be able to trade off
53. 1:37of moving averages going with the trend
54. 1:39you need to be able to identify
55. 1:41engulfing candles and
56. 1:42when to trade off of them and what a
57. 1:45three line strike looks like you're
58. 1:46going to use
59. 1:47all of these strategies all combined
60. 1:49into one
61. 1:50the best way that i can explain it is to
62. 1:52watch my rsi divergence video
63. 1:55because i cover all of the confluences
64. 1:57that you need to have
65. 1:58to have a successful gold trade i have a
66. 2:01pen
67. 2:01and paper also because i like to write
68. 2:03down what i'm seeing
69. 2:05it helps me execute my trades properly
70. 2:07without getting lost in all the noise
71. 2:09and letting my emotions take over my
72. 2:11trade so without further ado
73. 2:12let's get into the charts so like i said
74. 2:15gold at a moment's notice can swing
75. 2:17up and down very quickly hitting
76. 2:19people's stop losses
77. 2:20as you can see right here and right here
78. 2:23so
79. 2:24in order to trade gold properly in my
80. 2:27opinion you need to go to a lower time
81. 2:30frame
82. 2:30one minute is far too noisy it creates a
83. 2:33lot of false signals and i do not
84. 2:35recommend
85. 2:36it but the five minute is nice and quick
86. 2:39and yet still gives you decent signals
87. 2:41for a decent trade position
88. 2:43these trades are going to be extremely
89. 2:46short term
90. 2:47i'm talking about a maximum of six
91. 2:50five minute candles so less than an hour
92. 2:52on any one of these gold trades
93. 2:54the reason is gold is a fickle
94. 2:57and i don't want you guys to get burned
95. 2:59you are going to have extremely tight
96. 3:01stop losses and you are going to get in
97. 3:03and out of the market quickly
98. 3:05so i've got gold usd up here on the five
99. 3:07minute chart
100. 3:08and we are going to focus on trades
101. 3:11going long
102. 3:12when it is above the 200 period smoothed
103. 3:15moving average
104. 3:16and short trades when it is below the
105. 3:19200 period moving average
106. 3:20again these are smooth moving averages
107. 3:23so things that i need you to avoid
108. 3:25completely you do not want to trade
109. 3:28while moving averages are smashed
110. 3:30together like this it is a no-no in any
111. 3:33day trading scenario
112. 3:34if you see them smashed and flat no
113. 3:37touchy okay
114. 3:38i want you to visually see these three
115. 3:41moving averages
116. 3:42fanned out at a nice slope these moving
117. 3:45averages
118. 3:46are smoothed they are the 21 the 50 and
119. 3:49the 200.
120. 3:49i also want you to put an rsi up just to
121. 3:52see if the price
122. 3:53is below or above the 50 level on the
123. 3:55rsi
124. 3:56not overbought and oversold we're also
125. 3:58going to be looking for rsi divergences
126. 4:00that's going to help us a lot when
127. 4:02getting out of our positions so if you
128. 4:04guys can catch a move as it crosses
129. 4:06through the 200 period moving average
130. 4:08then comes up to retest one of these
131. 4:11subsequent moving averages
132. 4:12you can actually get a nice decent move
133. 4:16to the downside or the upside
134. 4:17with a three line strike i've zoomed
135. 4:20this in super close but you can see the
136. 4:22price went down below the 200 period
137. 4:24moving average
138. 4:25we got three nice decent bullish candles
139. 4:29and then a big fat engulfing bearish
140. 4:32candle engulfing
141. 4:33at least fifty percent of this move at
142. 4:35this point
143. 4:36this is where you would get into your
144. 4:38short position and you would keep your
145. 4:40stop loss
146. 4:41right about here so for this specific
147. 4:43trade your entry
148. 4:44was 1778 and your stop loss is 1780.
149. 4:50that is only a
150. 4:51two dollar difference this is why it's
151. 4:54important to keep your stop losses tight
152. 4:56because gold can move quickly and really
153. 4:59never ever come back to your entry price
154. 5:01and you will blow your account
155. 5:03nine times out of ten if you hold it
156. 5:05thinking it's going to go the opposite
157. 5:06direction so
158. 5:07basically what we're looking at here
159. 5:10usually i
160. 5:10double the size of this engulfing candle
161. 5:13for my stop loss but because the 200
162. 5:15period moving average
163. 5:17is right here i'm just gonna leave it at
164. 5:19that maybe just a little bit above
165. 5:21so when exiting a trade you are looking
166. 5:24for an
167. 5:25rsi divergence basically the price
168. 5:28already has momentum you see these huge
169. 5:31big fat red candles to the downside it
170. 5:33has momentum to the downside so we are
171. 5:36definitely going to go down to the
172. 5:37oversold
173. 5:38area of the rsi so we created this low
174. 5:41right here and this one didn't exceed it
175. 5:43but
176. 5:43this one did once we see this lower low
177. 5:46being formed we're automatically always
178. 5:49looking
179. 5:49at the rsi for higher lows
180. 5:52signifying a divergence if you're happy
181. 5:55with the first
182. 5:56swing you got three dollars off of this
183. 5:58gold trade
184. 5:59and with a decent lot size like you
185. 6:02could have made a lot of money off of
186. 6:03this short move
187. 6:04but if you're waiting for the rsi
188. 6:06divergence i mean technically you still
189. 6:08would have gotten out at the same point
190. 6:09because
191. 6:10at this close of this candle that's when
192. 6:12you would have gotten out because we're
193. 6:13creating
194. 6:14higher lows right here and creating a
195. 6:17lower low right here
196. 6:18again you have to be extremely careful
197. 6:20like you have to be
198. 6:21very focused on lows and higher lows and
199. 6:25lower lows
200. 6:26structure rejection off of moving
201. 6:28averages i would have gotten out of this
202. 6:30trade right away when i started to see
203. 6:31this consolidation
204. 6:33because we rejected off of that 21
205. 6:35moving average and instead of continuing
206. 6:37down we started to go back up
207. 6:38that's consolidation for me and i get
208. 6:40out of a trade when i see consolidation
209. 6:42i don't like to be in it because i don't
210. 6:44know if it's going to continue down or
211. 6:45go up that is your first three line
212. 6:48strike and you're engulfing your entry
213. 6:50and your exit now again we're only
214. 6:52looking for short positions because
215. 6:53we're below the moving averages right
216. 6:55again we have one two and three candles
217. 6:58right here with a big engulfing candle
218. 7:00to the downside
219. 7:01basically covering about 50 percent of
220. 7:03that move so we can actually get in
221. 7:04on another short position here this
222. 7:06we're just going to double the size of
223. 7:08that candle
224. 7:09and we're going to wait for our next rsi
225. 7:10divergence this one actually played out
226. 7:13really really nicely because we created
227. 7:15that
228. 7:16low right here and on the rsi was about
229. 7:18the 14 level
230. 7:19showing a very very oversold market
231. 7:22means that the momentum is very strong
232. 7:24in that direction
233. 7:25so we actually started coming up
234. 7:27creating another lower low and another
235. 7:29lower low so i actually would have
236. 7:30gotten
237. 7:31out on this first divergence here you
238. 7:34can see the move is right here we had
239. 7:35this low point and then
240. 7:37a higher low even though the price went
241. 7:40down and created a lower low that first
242. 7:42divergence and this
243. 7:44long wick right here that was my exit
244. 7:46point at the close of
245. 7:47that candle and with this one trade you
246. 7:49went from 1776
247. 7:51to 1769 a seven dollar move on gold
248. 7:55which is not bad do you see what i'm
249. 7:57getting at here you need to be
250. 7:58trading with the trend you cannot hold
251. 8:01back the momentum of gold with your bare
252. 8:03hands it is physically impossible
253. 8:06imagine a semi truck with a rope at the
254. 8:08end and you see it driving by
255. 8:10and it's like going slowly and you're
256. 8:12like oh yeah i'm just going to grab this
257. 8:14rope and hold the semi truck that's
258. 8:15literally what you're doing when you
259. 8:17trade against the trend with gold it is
260. 8:19physically impossible for you to win
261. 8:22just to keep this video quick
262. 8:24all of the strategies that i'm showing
263. 8:26you right now i've made detailed videos
264. 8:28on
265. 8:28you can find them on this youtube
266. 8:31channel also if you guys are still
267. 8:32watching this video
268. 8:33that means that you like it so hit the
269. 8:34thumbs up button so we're trading with
270. 8:36the trend we're trading three line
271. 8:38strikes
272. 8:38for sniper entries with extremely
273. 8:41extremely
274. 8:42tight stop losses we're looking for an
275. 8:44rsi divergence to exit our trade
276. 8:47and we never ever ever ever ever
277. 8:51trade gold when the moving averages are
278. 8:53touching each other
279. 8:55or flat again you guys need to know
280. 8:57market structure you need to know how to
281. 8:58trade off of moving averages
282. 9:00you need to know how to recognize these
283. 9:02engulfing candles but
284. 9:03this works consistently also keep in
285. 9:06mind don't
286. 9:07force the trade unless you actually see
287. 9:09like three subsequent candles in one
288. 9:11direction and then an engulfing
289. 9:13do not get in on a trade like this was
290. 9:16not a good
291. 9:16trade to get in on even though it went
292. 9:19up and you would have made money
293. 9:21you're not sure about it and you should
294. 9:23never ever ever do that
295. 9:25write down your rules on a piece of
296. 9:26paper only get into a trade when you
297. 9:28have all of your confluences
298. 9:30to find all the confluences that i'm
299. 9:32talking about please watch my rsi
300. 9:34divergence video
301. 9:36right here and if you guys enjoyed this
302. 9:38video and you like the way that i teach
303. 9:40consider subscribing to the channel by
304. 9:42clicking this
305. 9:43button right here it's tma the moving
306. 9:46average the name of this channel and i
307. 9:47would deeply appreciate it and it would
308. 9:49boost my ego
309. 9:50thanks again for watching and we'll see
310. 9:52you in the next one