Make Money Quickly Every Second👋Hello everyone!
Today, I want to share a simple yet effective scalping strategy, particularly suitable for those trading gold. With this strategy, you can optimize your profits and minimize risks during trading.
To achieve this, the first thing you need to do is create a strategy that suits your goals (profit targets, risk tolerance). I usually set my stop loss around 30 - 50 pips per trade and divide the profit into three main stages.
⭐️ Example of a Buy XAUUSD trade:
📉 ENTRY: $3,750
❗️ SL: $3,745 (50 pips)
✅ TP1: $3,753 (30 pips)
✅ TP2: $3,755 - $3,757 (50-70 pips)
✅ TP3: $3,760 ++ (>= 100 pips)
📌 TP1 – 30 Pips
If the price moves in your favor and hits $3,753 (equivalent to 30 pips), you can close part of the position if the entry was bad, and move the stop loss to the entry price ($3,750) to ensure you don't incur any loss if the market reverses.
📌 TP2 – 50-70 Pips
Close part of the profit, and move the stop loss to TP1 if you want to keep the position open. Now your SL is at $3,753, which guarantees the remaining profit and, in case of a sudden reversal, you’ve already secured 30 pips in profit.
📌 TP3 – Close All Positions
✅Close the remaining position to secure all profits and wait for future trading opportunities.
Notes:
Only use a small portion of your capital per trade to minimize risk.
Always keep up with news and technical analysis to make timely decisions (whether to hold or close the position).
Patience: Don’t rush to close the position if the market is still moving in your favor.
I hope this strategy helps you trade more effectively. Don’t forget to like this post to support me🚀, as I have more exciting content waiting for you.
Good luck!
