Scalping Gold Using Supply & DemandImagine, not giving a flying F about anything and just taking trades where you think the market is likely to react. Well you don't have to imagine because that is quite literally exactly what I do using this scalp system I've created.
Truth be told I've created this scalp system many years ago but I only recently (within the last few months or so) perfected this particular system. Most of you who know me know me to be a very avid swing trader as my analysis are usually pretty detailed and good.
This system is a stark contrast of my swing style and such a simple change of pace to be frank.
That being said, so long as you understand the general concept of this method you'd be surprised as to how consistent it is despite its simplicity.
Have a good one guys, see you real soon =)
Goldscalper
XAUUSD 250 pips in profit and counting!Good afternoon gold gang!! hope you're having a good day
The forecasted sells finally came after the predicted consolidation before news. I took the sells impulsively is it broke the key level and it began to rise up to my first target.
Price continued t rise as the DXY fell and smashed through my target on to my second level (marked in red) .. i have a small runner doing the work now with trailed stops.
This tops off a great week of analysis on gold. You may have guessed by now that i don't do medium term price predictions, i am a scalper and i project what can happen that day. I never marry a bias and im always adaptable .. the way you should be in these markets as we have no idea what the outcome can be.
Have a great weekend guys!! have a beer on me
tommyXAU