Scalping XAUUSD without failing a single account? FTMO Trader shares his strategy! | FTMO

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FTMO

FTMO

Күн бұрын

Become our next FTMO Trader and trade up to $200,000 on FTMO Account: ftmo.com
Since our Malaysian FTMO Trader Choon Chiat started trading with us in June, not only has he passed his very first FTMO, he never failed any account at all.
Chooin Chiat is a passionate XAUUSD scalper, and his strategy already brought him over $30k in profits. This strategy has been working for him for about a year, and he explained it to us in detail in our latest interview.
Chapters:
00:00 Intro
01:29 How Choon Chiat Started Training
04:53 Why Trading Gold [XAUUSD]?
08:22 Trading Breakdown
15:28 Does His Strategy Work on Other Symbols?
19:16 FTMO Account MetriX
23:18 Trading Psychology
29:54 Advice to Beginning Traders
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Disclaimer: All information provided on this channel is intended solely for the study purposes related to trading on financial markets and does not serve in any way as a specific investment recommendation, business recommendation, investment opportunity, analysis, or similar general recommendation regarding the trading of investment instruments. The content, in its entirety or parts, is the sole opinion of FTMO and is intended for educational purposes only. The historical results and/or track record does not imply that the same progress is replicable and does not guarantee profits or future profitable trading records or any promises whatsoever. Trading in financial markets is a high-risk activity and it is advised not to risk more than one can afford to lose!

Пікірлер: 210
@ivankun6689
@ivankun6689 6 ай бұрын
You made Malaysia proud 🇲🇾 ! You being so down to earth journey in the mental side of trading, I love your sharing
@constantinegumas7586
@constantinegumas7586 6 ай бұрын
This is a perfect example of how it doesn't really matter for your strategy to be over complicated to work!!.Well done buddy really enjoyed your interview Really loveable character!!
@human_hope
@human_hope 6 ай бұрын
In fact none of the scammer SMC 1:100 RR traders ever make it to ftmo interview or leaderboard (in 99% of cases)
@biasa4830
@biasa4830 5 ай бұрын
@@human_hope I have seen plenty, some are from malaysia as well.
@rupert2275
@rupert2275 2 ай бұрын
Amazing, no clue about how it could work on other markets, yet still consistently profitable. Good job homie!
@naijanewstv
@naijanewstv 5 ай бұрын
I enjoyed every bit of this interview..Weldone!
@banginzaza
@banginzaza 6 ай бұрын
Excellent skills bro!!! 🔥🔥🔥
@fazalwahab4700
@fazalwahab4700 7 ай бұрын
22:30 Buys more profitable because gold on a uptrend
@mmmh2533
@mmmh2533 6 ай бұрын
Thank you buddy been experimenting with RSI on AUD 15m it works
@AmarNath-hw1fk
@AmarNath-hw1fk 2 ай бұрын
15 mins and 5 mins? Also do u know how to use bollinger band to your advantage in the above trade?
@hashankuruppu5995
@hashankuruppu5995 2 ай бұрын
Good luck bro !!!
@mervynmontague1811
@mervynmontague1811 4 ай бұрын
Interesting and informative 🇯🇲
@danukarupasinghe8319
@danukarupasinghe8319 6 ай бұрын
Good luck 🎉
@edmltw
@edmltw 6 ай бұрын
Thanks for sharing
@codemedio6418
@codemedio6418 7 ай бұрын
I just catched up what he does might be entry for retracement after trend finish.
@Kin1989FX
@Kin1989FX 7 ай бұрын
ftmo interview is back ! yes!
@primetradixnevafomo5412
@primetradixnevafomo5412 7 ай бұрын
He has 6 years of trading and probably more than 4 scalping Gold. Am 9 months in and i have reaclise nothing beats experience in this game
@Wavetheory85
@Wavetheory85 7 ай бұрын
5k+ hours watching candles develop and it becomes easy regardless of strategy. Hardest part is mastering the mental game and avoiding prop scams/getting paid.
@howardblaylock3490
@howardblaylock3490 6 ай бұрын
My favorite word OVERSOLD
@misho6794
@misho6794 7 ай бұрын
Gold scalping King. He is smart guy
@holyearth
@holyearth 6 ай бұрын
Great interview but like many other commenters, I fail to understand what Mr. Chiat was saying. I understand about the 30 minute and the lines but at the 5 minute it's not clear what he said. Check the comments, I am not the only one...
@realnamenogimmickz
@realnamenogimmickz 7 ай бұрын
My nigga trade consolidation while majority trade trending market nd he kills it😂
@NyxLevel
@NyxLevel 2 ай бұрын
So basically wait for crab market after 'big boom', draw 2 lines, entry (10 -30 lots) when it hits 1 of the lines, tp sl 1:1. When it works, great. When it doesn't, take a rest and play dota 2, trade tomorrow. Got it, ooga booga strat works
@Killuminati90
@Killuminati90 5 ай бұрын
what does he mean with 'boom' when he talks about the upper trend line that he draws. Does he mean the last moment when price went outside the upper line of the bollinger band? Or does he mean the most recent moment when price touched the upper line of the bollinger band? and the retracement, does he mean when price reached the middle line of the bollinger bands?
@tsboxing9037
@tsboxing9037 5 ай бұрын
I think he’s looking at when price shoots up/down leaving an imbalance
@PaskyBalo
@PaskyBalo 3 ай бұрын
Bull not boom
@jtrades_
@jtrades_ 7 ай бұрын
nice!
@amiroucheifetne3590
@amiroucheifetne3590 7 ай бұрын
best one good luck chan chi
@gamingitechvcy709
@gamingitechvcy709 29 күн бұрын
Hey Bro Choon didn't u consider full time trading since u got decent profit, u don't have to work for someone? I'm curious
@winnerwinner168
@winnerwinner168 Ай бұрын
any chance of getting in touch with this guy to learn? I want to pass my ftmo too!! lol...
@juancarlosvelasquez2722
@juancarlosvelasquez2722 7 ай бұрын
How to contact choon chiat ?
@ChinJianHsiung
@ChinJianHsiung 7 ай бұрын
Proud of you from Malaysia!
@DNAGOOD
@DNAGOOD 2 ай бұрын
what type account of he hold and what size of account?
@tcmengg
@tcmengg 6 ай бұрын
Choon Cheat, Can you upload a video where that explains more elaborate about your strategy please?
@innate7260
@innate7260 5 ай бұрын
its pretty easy mate,,hes using a mean reversion strat
@tcmengg
@tcmengg 6 ай бұрын
Sifoooo, please teach me!!
@codemedio6418
@codemedio6418 7 ай бұрын
Does he have KZbin channel
@tsawra007
@tsawra007 7 ай бұрын
So proud of him nice 👍
@sanjukushwah2238
@sanjukushwah2238 Ай бұрын
I love xauusd
@D-A-A-10
@D-A-A-10 3 ай бұрын
Its actually 20 & 40 pips not 200 or 400 pips
@yevhenbabiichuk2155
@yevhenbabiichuk2155 6 ай бұрын
Good day. Does FTMO teach how to trade forex? If you teach, how can you connect to learning? thank you
@FTMOcom
@FTMOcom 6 ай бұрын
Hello @yevhenbabiichuk2155, Please check our FTMO Academy at: academy.ftmo.com/ Thank you for your question, and do not hesitate to contact us again.
@ricardozara
@ricardozara 7 ай бұрын
yeah, I'm also scalping gold since 6, 7 years... same strategy, etc. 😎
@EmilyLaCamera
@EmilyLaCamera 7 ай бұрын
Do you know you can be earning good compound bonus profit trading every day?
@EmilyLaCamera
@EmilyLaCamera 7 ай бұрын
Hello Mr
@a1pwn
@a1pwn 7 ай бұрын
@@EmilyLaCamera scammer much?
@neagucipriann
@neagucipriann 7 ай бұрын
hey, this strategy have a name or smth to search more about it?
@wrestleciz6345
@wrestleciz6345 7 ай бұрын
Can you actually explain the strategy?… I understand until he gets to the 5 minute chart… what do you look for?
@Shyzo96
@Shyzo96 7 ай бұрын
Why did you guys Ban Andrew NFX? Everyone should be aware of this!
@gh8066
@gh8066 7 ай бұрын
BIG BALL SCALPER
@sonofsun761
@sonofsun761 5 ай бұрын
how can we contact these traders?
@Trade86
@Trade86 7 ай бұрын
Nice Interview and very nice nice strategie Chooin Chiat
@orderflowdojo
@orderflowdojo 7 ай бұрын
Master the order flow 🧠
@adversusilluminati
@adversusilluminati 6 ай бұрын
How
@fjf1509
@fjf1509 7 ай бұрын
nice
@birdingable
@birdingable 6 ай бұрын
Could someone comment. At approximately 9:14-9:17 when he says he will draw 2 lines. where is again he narrows down to draw the 2 lines?
@_Kknox
@_Kknox 6 ай бұрын
I'm not a pro, but I'm guessing those are his support and resistance guides. the support is made up of recent low points and the resistance set on recent highs.
@birdingable
@birdingable 6 ай бұрын
@@_Kknox thank you. Appreciate it. 🙏🏼
@Fenix_Trader
@Fenix_Trader 7 ай бұрын
Interesting! Thank you 🙏
@chipz2700
@chipz2700 7 ай бұрын
Um, maybe some kind soul can help me: What doe dhe mean by boom? I feel like dunce but I absolutely do not understand what he meant by that even when I look at where he drew the lines on the chart...
@christopherk7920
@christopherk7920 7 ай бұрын
he's saying BULL...
@Kvon_sot
@Kvon_sot 7 ай бұрын
Broski on the left looks fried
@hazmanarfandy6921
@hazmanarfandy6921 7 ай бұрын
yo man saying 200 pips, it's 20 pips
@babusibalopi4917
@babusibalopi4917 7 ай бұрын
On FTMO 200 pips is the same as 20 pips in other brokers. I struggled to adopt at the first challenge because of the difference
@eduardopimentel4861
@eduardopimentel4861 7 ай бұрын
In fact xauusd pips are like 200 points equally to 10pips on others currencies like Eurusd. 7pips on Gbpusd is equivalent to 140points on gold Just for clarification Not exactly, but good approximation like gravity =10
@leahtradesforex
@leahtradesforex 7 ай бұрын
So many people misunderstand pips vs points. Also, some brokers use them interchangeably. As long as we know our own risk management/ lot size, it matters very little what someone calls it.
@Kkinvests
@Kkinvests 7 ай бұрын
Lol
@vintageb8
@vintageb8 7 ай бұрын
how about calling it in dollars and cents? @@leahtradesforex
@zchi7concept173
@zchi7concept173 7 ай бұрын
Does anyone know this guys social media handles?
@michaeldenzelloo9856
@michaeldenzelloo9856 7 ай бұрын
the interviewer's brains working on overtime trying to understand hhaaahhahahaha
@christopherk7920
@christopherk7920 7 ай бұрын
hahaha... I agree. The trader certainly didn't put it out very clearly...
@user-uw1ft8sf5b
@user-uw1ft8sf5b 7 ай бұрын
Brilliant trading strategy... may the pips be with you 🙂
@chrisdlc281
@chrisdlc281 7 ай бұрын
First❤
@j-1994
@j-1994 3 ай бұрын
200 pips does he mean 20?
@tuhairweronnie7385
@tuhairweronnie7385 7 ай бұрын
Why is ctrader not available for me in usa?!
@FTMOcom
@FTMOcom 7 ай бұрын
Hello @tuhairweronnie7385, cTrader is only available for the FTMO Challenge. If you have any problems, please contact support: support@ftmo.com Thank you for your question, and do not hesitate to contact us again.
@arcdisney
@arcdisney 7 ай бұрын
Great video, thank you for sharing 👍
@pikachusolu1606
@pikachusolu1606 7 ай бұрын
I am confused. what is he basing his horizontal lines off of?
@aran5033
@aran5033 7 ай бұрын
These are support levels, support levels can tell You A LOT, also, there are patterns in which markets sometimes, not always, but sometimes, move. These lines can help track the movement. And You want to draw them at the highest high level and the lowest low. For the best results 2 on the day before, and 2 on the day You trade.
@yourstopismyentry
@yourstopismyentry 7 ай бұрын
No wonder you're confused. This video seems like a complete joke.
@sunlord75
@sunlord75 7 ай бұрын
10 lots per trade?
@amirkhalil99
@amirkhalil99 2 ай бұрын
So capturing 1 - 2 pips with lot size of 10 and making $2K per trade.
@costo8779
@costo8779 3 ай бұрын
How the hell do u scalp with such high spreads
@Danny-fd3lf
@Danny-fd3lf 2 ай бұрын
Very Malaysian Slang, boleh boleh
@envestate
@envestate 7 ай бұрын
What does he mean he starts off with a boom?
@realnamenogimmickz
@realnamenogimmickz 7 ай бұрын
Bull not boom
@Sam-im5pb
@Sam-im5pb 7 ай бұрын
Does this trading strategy make sense to anyone?
@jideonworfumnanya8175
@jideonworfumnanya8175 7 ай бұрын
no it doesn't to me
@user-zw4xc5hw2y
@user-zw4xc5hw2y 7 ай бұрын
Does it matter?
@ShorlanTanzo
@ShorlanTanzo 7 ай бұрын
The point is, any strategy can "work". Its far more important to manage your risk and stick to your gameplan. You have to be okay with every single trade you take hitting your stop. Otherwise you're just taking random shots in the dark.
@christopherk7920
@christopherk7920 7 ай бұрын
@@ShorlanTanzo agreed. Risk management is key in successful trading and the fact that he doesn't talk about it but instead focuses on getting the profit is a little concerning. There's a very wise quote from Jack Schwager who said know how to get out before you even get in
@SamuraiChampu
@SamuraiChampu 7 ай бұрын
It makes total sense. He's trading the range between the support and resistance levels. Markets tend to be ranging more than they are trending.
@a1pwn
@a1pwn 7 ай бұрын
Session = sassian? Got it. Haha funny accent. Well deserved my friend. Stay consistent.
@sokolbaca
@sokolbaca 3 ай бұрын
Am i the only one seing break of structure and retracement back to the structure? Like for real, i see like 4 trades profitable with a 1:1 1:2 RR minute 12:18 chart 😢😢😢
@user-pv9ke3fx9r
@user-pv9ke3fx9r 7 ай бұрын
Why you don't continue review failed challenge like before
@brettblaster
@brettblaster 6 ай бұрын
Bc dude is running a scam website, it’s quite simple
@NCE180
@NCE180 7 ай бұрын
Well, do you think he will disclose all his trade secrets in a public interview? A good trader has multiple trading strategies and maybe this is just 1 from 30 good strategies.
@geraldlofton
@geraldlofton 7 ай бұрын
The secret is there is NO SECRET!!!!
@NCE180
@NCE180 7 ай бұрын
Sure... The recipe is that there's no recipe...
@IceDogXena
@IceDogXena 7 ай бұрын
@@NCE180he’s just a range trader. 30 min higher time frame, 5 min entry/exit
@wrestleciz6345
@wrestleciz6345 7 ай бұрын
@@IceDogXenahe is yes but you still have to get it right… otherwise anyone can be a range trader and make money.
@brettblaster
@brettblaster 6 ай бұрын
Ya this is a clear con, FTMO has such unfavorable conditions, but this guy will make podcasts and make ppl believe it’s legit. Fk right off
@t.b.7990
@t.b.7990 6 ай бұрын
Can` t tell me the iterviewer is sober hahahah
@tinetanakarealities7219
@tinetanakarealities7219 2 ай бұрын
Does anyone have his social media handle please?
@hamadaessa64
@hamadaessa64 7 ай бұрын
What is the name of the indicator on the platform tradingview (binger) ! 🙏🙏
@user-vj5io5pf3x
@user-vj5io5pf3x 7 ай бұрын
Bollinger band
@Idontknowww97
@Idontknowww97 7 ай бұрын
Bollinger bands and Rsi
@hamadaessa64
@hamadaessa64 7 ай бұрын
@@Idontknowww97 thanks
@King_gabby
@King_gabby 6 ай бұрын
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
@mbuguapaul1418
@mbuguapaul1418 6 ай бұрын
The interviewer is almost falling asleep 😅😅😅
@zackzul5884
@zackzul5884 7 ай бұрын
Broker is a broker, same day with another day either yesterday, today, tomorrow and future day. They see your trade, they pay your profits, they know you, they applaud for you, they compliment your win. But they will fcuk you someday. For them not to fcuk you, trade and withdraw your profits wisely. To my fellow Malaysian, hats off to you. Im proud one of good trader came from my country.
@rati3893
@rati3893 6 ай бұрын
As a 5 year experienced trader, i don't beleive this, cause this is fake, even this is not a strategy. and this is not serious at alll. trading is a serious business.
@2realink279
@2realink279 3 ай бұрын
I mean if it works it works. I feel P&L speaks louder than strategy
@alambakhtiar1298
@alambakhtiar1298 7 ай бұрын
why u stop indonesian traders?
@luckofthetrade
@luckofthetrade 7 ай бұрын
im completely lost. Is he purposely not giving any of the key information away? no way he is profitable trading like this. I went and back tested this basic range trading approach and lost 4/5 trades haha
@Lamxrfx
@Lamxrfx 7 ай бұрын
This strategy hurts my brain.
@MusicisLife-ur8iw
@MusicisLife-ur8iw 7 ай бұрын
He had the skill
@VicDeeveTV
@VicDeeveTV 7 ай бұрын
Same Strat with me.. but my patience and discipline still not there 😅 this Strat makes you more greedy.. flipping accounts in a day but without discipline you’ll blow your account like me😄
@syedzainshah77
@syedzainshah77 6 ай бұрын
Hi can you teach me this strategy in detail?
@blinkk_k
@blinkk_k 7 ай бұрын
how do you know which ones to trade? or do u just look at the patterns whether u trade gold, indices, forex, etc?
@Idontknowww97
@Idontknowww97 7 ай бұрын
That comes only with experience and analysing your loosing trades daily on multiple time frames.
@Lamxrfx
@Lamxrfx 7 ай бұрын
You know by learning the skill set.
@paramhirani1871
@paramhirani1871 7 ай бұрын
Alpha capital has tier 1 feeds which cant be altered
@danishiqbal9176
@danishiqbal9176 7 ай бұрын
how can you scalp 1:1 considering commissions and spreads?
@Darknight0000
@Darknight0000 7 ай бұрын
his win rate is like 70% He's fine
@KatM272
@KatM272 6 ай бұрын
The trick is also his risk management. If you see his winrate is 70% ish but his Tp is su usually around .7R… that can mean that he takes trades slightly above 1 R or slightly less than .7 R to make that .7 be the average…. Meaning he likely knows when to close a trade before it reversed and also he mentioned he cuts his losses short. This is KEY for 1:1 strategies otherwise you’re just BE at best. Watch nick Shawn on KZbin he explains the 1:1 in a great way
@brettblaster
@brettblaster 6 ай бұрын
@@Darknight0000ya but when you factor in time he’s getting absolutely destroyed, FTMO is definitely bullsh*t
@BrokenYouth8
@BrokenYouth8 5 ай бұрын
Xauusd only take spread. No commision. Cmiiw
@maximilianbraun315
@maximilianbraun315 7 ай бұрын
6 years experience and didnt even research other markets which takes few hours, this dude ist completly cap
@amazonseller3676
@amazonseller3676 7 ай бұрын
😂😂😂😂
@brettblaster
@brettblaster 6 ай бұрын
Lol both these guys are clowns. Such scammers, FTMO is garbage site
@robbywijaya88
@robbywijaya88 5 ай бұрын
"There's nothing but Gold", sounds so rich 🤣
@Moedow
@Moedow 7 ай бұрын
So, essentially hes waiting for a string push, either up or down, and then a sign of consolidation. What he somehow forgets to mention or simply is not aware of, is that price has entered a range of previous consolidation after a sweep or drop, base, rally creating market symmetry
@wrestleciz6345
@wrestleciz6345 7 ай бұрын
So basically is he only trading the range… where is where the price continually goes up and down in the same areas for a bit of time?.. but if there’s suddenly a break out and the price trends then he might lose big.
@Moedow
@Moedow 7 ай бұрын
@@wrestleciz6345 TBH, I wouldn't trust anything this guy says. Sounds shady as hell. I did a backtest with the rules provided and it just doesnt add up.
@wrestleciz6345
@wrestleciz6345 7 ай бұрын
I backtested it too…. But it wouldn’t work if you had to wait for price up touch the lines he drew in order to take the trade opportunities. Instead I found that you still do what he does and then when you go to the 5 minute chart… you place a sell or a buy trade when the price hits the side of the bollinger band.
@erhanbarisoma1454
@erhanbarisoma1454 3 ай бұрын
Therefore he has the stop loss @@wrestleciz6345
@azeemshahkhan1
@azeemshahkhan1 Ай бұрын
$2 movement = 200 pips 🤔
@JunebugPresents
@JunebugPresents 7 ай бұрын
No female hosts?
@NCE180
@NCE180 7 ай бұрын
Congrats to our fellow Malaysian, proud of you. Keep up the good work. I'm a funded trader too.
@snwyn
@snwyn 7 ай бұрын
hi bro, after MFF I've been so skeptical. How is our experience with FTMO so far? I want to sign up but I am afraid they might disappear too. I had a 14.3k payout on the exact day MFF disappeared. It was to be my first payout from from that account
@NCE180
@NCE180 7 ай бұрын
@@snwyn hey man, sad to know this happened. As long as greed is still there, many unfortunate events regrettably might happen. You may start with free trials from FTMO first. I don't have data to comment on FTMO's reliability, it's best that they prove themselves sustainable for long-term.
@burnercomented
@burnercomented 7 ай бұрын
$1 = 10 pips FTMO or not
@msaznz
@msaznz 7 ай бұрын
no it can be 10 pips = 10000$ and it can be 20 pips = 10$ this is measure for what lot size using
@s.d.2731
@s.d.2731 7 ай бұрын
I'd like to join your discord, but it is impossible for me. Please make verification easier. I did not delete the discord from my old phone, so i can not verify the phone. Although i receive the code, it doesn't let me paste it.
@sphinxman90
@sphinxman90 7 ай бұрын
Great Interview! "Trading is the hardest way to make easy money!" But once you learn the skill you can and will change your life!
@AfrizHassan
@AfrizHassan 7 ай бұрын
Well, I must say that people are afraid. there are so many non-professional runners out there.
@thomasmaverick3730
@thomasmaverick3730 7 ай бұрын
Most people today have been having a lot of failures in forex and crypto because of poor orientation and bad experts.
@JamesLion-ub7wp
@JamesLion-ub7wp 7 ай бұрын
Having monitored my portfolio performance, a has made me a jaw dropping $370k from just the past two quarters alone. I have learned why these experienced traders make enormous returns from the seemingly unknown market
@Benjamin-pr8uc
@Benjamin-pr8uc 7 ай бұрын
So you guys know her too?.... Wow she made my husband and I ha our own house and car. She is good!👌
@PhilipMorrin-sb4rk
@PhilipMorrin-sb4rk 7 ай бұрын
I don't usually do reviews but Earning x3 of my monthly salary from Mrs Rita Orlando trading services in just a week is overwhelming
@aolytrades
@aolytrades 6 ай бұрын
1975 -> 1973 is 20 pips... not 200 pips haha
@maximilianbraun315
@maximilianbraun315 7 ай бұрын
6 years of doing nothing. this cant be real.
@iattractlimitlessprosperity
@iattractlimitlessprosperity 7 ай бұрын
you have to meet the guy
@GabrielSanchez-yc5cu
@GabrielSanchez-yc5cu 6 ай бұрын
​@@iattractlimitlessprosperitydo you have his social media account?
@DaddychiLL6
@DaddychiLL6 7 ай бұрын
I hate scalping but it’s nice to see other have success with it I hood my trades for hours even days the gold move was crazy mad missed that natural gas big gap up like I knew it would 😩 I’d be ballin rn
@TheNameIsFreddy
@TheNameIsFreddy 7 ай бұрын
scalping is when you know the trader is actually good at reading the marklet.
@eduardopimentel4861
@eduardopimentel4861 7 ай бұрын
For me there is a ladder of evolution, first newbies scalpers that don't understand market trying the 5M chart, 1M chart, this can be some months, a single month, or several years. The next level after many punches, losses and pain is discover the 1h,4h signals and confluences, understand that market is fractal and how the timeframes perfectly connect on minor and major levels as the Russian dolls or a onion. From this many guys will prefer just sit here, set and forget, less analysis, more confidence, less exposition, decrease trades quantity, but also need to hold trades overnight, for 3days to get the profit. Then the next level, the guy who lived both, and now understand that he needs high time frame signals and confluences with 15M medium timeframe to enter on 5M 3M time frames, or even 1M if you have a insanely big monitor. Now you understand that the move that you got on 3 days, had a "cherry" on the first 3hours,and if you zoom in more the cheery on the cherry was 50mim, because market has legs (waves of trend) and retraincements (waves of correction) like Elliotts theory or even Daw, then if you will surf a leg on 1h chart and it will endure 8hours. On the 15m chart this big leg is a fucking trend, with the largest leg during just 1hour On the 5M chart this 1hour leg is a trend, with the leg being just 25minutes. Só you just need to enter this 25minutes to eat the cream d"la cream, the wagyu beef or rose salmon you don't need all the other garbage corrections. This guy that are a scalper can study many more ways to short down not good trades, or adding to food trades, aka pyramiding and in those 25min this guy makes 5-10% on just a single trade and the swing trader dude spend weeks to get there. But offcourse are paradigm shifts, there are people who will be trapped for decades on the first newbie scalper level. My advice, if he uses rsi, bands, macd if it is just for "awareness" ok, but if he trust and get honest signals from these indicators, he is a newbie on first level. Pro traders don't look for candles, indicators, they look for waves, zones of supply and demand, trend continuation or trend reversals. This is the history since 1880 when some genius started to study the financial markets. But if the odds are in your favor and you are really a pro on managing risk and profits on opening positions, you can get signals from your dog or a random monkey and still be profitable. Winners watch to their losses, their rusk, just newbies focus in their profits 😂😂
@Wavetheory85
@Wavetheory85 7 ай бұрын
I still scalp, but, making 10+ trades per day, is much more mentally fatiguing and also makes you more susceptible to tilting (more trades = more chance to make mistake and get upset). I presume the best scalpers have mastered their psychology to a greater degree than other good traders and are not susceptible to revenge trades.
@TheNameIsFreddy
@TheNameIsFreddy 7 ай бұрын
@@Wavetheory85 yeah
@maxhudson5812
@maxhudson5812 7 ай бұрын
@@Wavetheory85 I only scalp on xauusd and try to have at least 1 entry a day, because psychology is too important for scalpers, 1 good and precise trade is all you need (I take trades in 1 minute timeframe)
@KevinKhew2
@KevinKhew2 3 ай бұрын
The trend is not his friend, hahaha
@mtlbiohacker
@mtlbiohacker 6 ай бұрын
So when the price boom boom wtf 😭 this guy is very not a expert😂
@maradonna5956
@maradonna5956 6 ай бұрын
Couldn’t even understand him
@BLACKAAROW
@BLACKAAROW 7 ай бұрын
I’m still on phase 1 of my FTMO challenge and I also trade gold but on the 1 hour time frame. I tried scalping on the 5 minute chart but I could never make money consistently. I’ve been doing well but the last few trades I’ve lost because XAU has been choppy the last couple days :/
@kingsam1gh
@kingsam1gh 7 ай бұрын
Don't trade gold on smaller time frame
@faridulislam969
@faridulislam969 7 ай бұрын
He already mentioned he only risk for every trade for 10 bucks . So always think about your SL
@calm694
@calm694 7 ай бұрын
@@kingsam1gh I trade at 1 Minute on Gold, it is all about how good you are at scalping and need time to learn trading at smaller timeframs cuz they differ from higher one , I make 200 points, 1:2RRR
@RichyHH
@RichyHH 7 ай бұрын
Same I'm phase one , mainly gold its mad how much it's gone up lately , but still take losses lol even on buy trades
@patricknguen
@patricknguen 7 ай бұрын
@@faridulislam969 10 lots not 10 bucks
@pikachusolu1606
@pikachusolu1606 7 ай бұрын
This guy is only trading for 4 months with ftmo and getting interview? is 4 months enough to proof consistency lol??? anyone can say they were trading for 10 20 years before that but its not like they or ftmo showing proof of it here... ftmo needs to set very high standards on who they interview. i wonder how many traders who ftmo interviewd still has their account with ftmo?
@emsi7997
@emsi7997 7 ай бұрын
Bro he has 4 acc with 70%+ wr and consistency of 86 he’s a fucking pro what are you talking about 😂
@Darknight0000
@Darknight0000 7 ай бұрын
bro watch the interview. He said 4 years not 4 months.
@jbfix-99
@jbfix-99 7 ай бұрын
They have tricked you into trading more pairs...they want you to lose the account . Stick to one pair Bro.
@christopherk7920
@christopherk7920 7 ай бұрын
stick to what is already proven. Some strategies work well on certain pairs and less on others
@WINQX
@WINQX 7 ай бұрын
The war happening with Israel and Palestine is drastically affecting gold right now hence why it’s on such a big bull run. Right now isn’t the safest to sell gold but better to buy
@I_Am_Demo_Baller_Trader
@I_Am_Demo_Baller_Trader 7 ай бұрын
Yeah mate. Go do just that on a funded account and pull out the same withdrawals. Why can’t people appreciate a good trader ?
@SacredCASHcow
@SacredCASHcow 6 ай бұрын
​@@I_Am_Demo_Baller_Trader People do all the time. I did.
@calm694
@calm694 7 ай бұрын
Congratulations Choon Chiat, it is by far the nicest strategy, actully while analyzing i have seen such cases, but didnt really give it a shot, will probably try your strategy. Good Job
@wrestleciz6345
@wrestleciz6345 7 ай бұрын
Do you understand his strategy?.. I’m a bit puzzled… so he waits for a trend to happen and pass on the 30 min chart and draws two lines where the recent price touched the low and the high. Then he goes on 5 minutes but I don’t understand what trades he actually takes.
@MinThuraSoe
@MinThuraSoe 7 ай бұрын
@@wrestleciz6345 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿 : Bollinger Band and RSI 𝗠𝗮𝗿𝗸𝗲𝘁 : Ranging Market 𝗜𝗻𝘀𝘁𝗿𝘂𝗺𝗲𝗻𝘁 : Gold 𝗧𝗶𝗺𝗲𝗳𝗿𝗮𝗺𝗲 : 30m for the Bias , 5m for the entry 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 : Bollinger Band Mean Reversion / Bollinger Band Bounce - price touches the upper or lower BB and returns to the moving average in the middle , RSI extremes for added confirmation for entry 𝗥𝗶𝘀𝗸 : position sizing 2% per trade , USD 2000 for the account size : USD100000 , minimum 1:1 RR ,20 pips stop loss, 20 pips take profit / the strategy is high risk but because of the big lot size i.e.10 lot per trade , he can make money with a small 20pip-price-movement that occurs frequently in a very volatile instrument like Gold But he might practise the strategy long enough to confidently trade and gain profits consistently i.e his secret sauce Kudos to his patience and discipline. Analogy : Bruce Lee's 10000 kicks quote :) Sometimes a simple strategy like that is enough to make consistent profits in trading. We don't need some fancy strategies or complicated concepts. It works . He is the proof.
@paulcharles3484
@paulcharles3484 6 ай бұрын
While the price is fluctuating between the support and resistance, there's plenty of cash to be made on the 5 m or 1 m but it's stressful. I also find it a challenge to set proper SL. Otherwise good approach. Any chance to get your details Mr. Choon Chiat? Cheers.
@wrestleciz6345
@wrestleciz6345 6 ай бұрын
@@paulcharles3484 yes there can be a lot of money to be made during that period where the price ranges and goes up and down, but you have no idea when it will suddenly trend again so it’s just a gamble.
@AlphaEntries_Trading
@AlphaEntries_Trading 2 ай бұрын
As an American , we unsubscribe.
@pyroplus
@pyroplus 2 ай бұрын
Sucks to suck… if you bought a challenge before hand they still serve us… best company out As an american (Check out funding pips)
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