My super simple 1m chart hyper scalping strategy that has been killing it for the last couple of weeks .. enjoy.
Whats up gold gang .. thought id hop on here with a tutorial on how i trade my key levels on the 1 min chart.
Firstly, this is a no bias strategy .. so we can take buys or sells depending how price reacts at the levels. High volume is a must here so around market opens is best.
1. Let price hit the key level.
2. if price is breaking through, wait for a 1 min candle to close and enter in that direction.
3. 10 pip TP 10 pip SL (or as close to the top of the previous candle as possible)
4. SL to BE if you like and hold for runners to target. I like to come out fully at 1:1
5. reversals .. price must print a candle in the opposite direction engulfing the previous. Enter on the break of the previous. 1:1
thats it. Super simple. It sounds dumb and too good to be true but i have been collecting the data and its working so far. I cant post a chart example on the 1m time frame to show you but ill post elsewhere so you can see.
Try it yourselves with low lot sizes and see how it works for you. If not, you can trade the way i normally do waiting for 30m candles to close in the zones.
Have a great holiday weekend .. please like this and comment if you need further help. Dont forget to follow along for constant XAUUSD updates
tommy
Whats up gold gang .. thought id hop on here with a tutorial on how i trade my key levels on the 1 min chart.
Firstly, this is a no bias strategy .. so we can take buys or sells depending how price reacts at the levels. High volume is a must here so around market opens is best.
1. Let price hit the key level.
2. if price is breaking through, wait for a 1 min candle to close and enter in that direction.
3. 10 pip TP 10 pip SL (or as close to the top of the previous candle as possible)
4. SL to BE if you like and hold for runners to target. I like to come out fully at 1:1
5. reversals .. price must print a candle in the opposite direction engulfing the previous. Enter on the break of the previous. 1:1
thats it. Super simple. It sounds dumb and too good to be true but i have been collecting the data and its working so far. I cant post a chart example on the 1m time frame to show you but ill post elsewhere so you can see.
Try it yourselves with low lot sizes and see how it works for you. If not, you can trade the way i normally do waiting for 30m candles to close in the zones.
Have a great holiday weekend .. please like this and comment if you need further help. Dont forget to follow along for constant XAUUSD updates
tommy