【Gold Seconds Scan】Even if a sell signal appears, still don’t sell! The “wait-and-judge” that captured +9.36 pips
Gold Minute Scalping: What Do You Decide in Just One Minute?
A sell signal appeared. But I did not sell.
Gold (XAUUSD) 1-minute chart.
The chart showed a "color change - sell" signal.
Normally, this is a moment to consider entering a sell.
Because the top had not yet completed.
In this trade, the decision to "wait" was the key point.
Result +9.36 pips
This time, using Beanscarm Dojo, I’ll introduce what kind of judgments are made within just a 1-minute bar.
① Sell signal is a sign of preparation
This time, the first thing I paid attention to was the upper shadow of the candlestick.
Four consecutive upper shadows appeared.Even as price rose, it continued to be pushed back.
From here, I considered that the upside might be getting heavy. So I set a stop-loss (SL) above the upper shadow.
However, just because the upper shadow continued, doesn’t mean a drop will necessarily follow.
② The top collapsed. So, still wait.
Beansc ya Dojo has a helper function to find tops and bottoms within the 1-minute bar.
I waited for the sell timing by watching the color of the panel.
However, the top formation collapsed once.
There is no need to force a sell here.Search for the top again.
In minute scalping, a decision in just a few seconds can greatly influence the result.
③ The panel turned brown!
Again, a top formed, and the helper panel turned brown.
For me, this is the preparation stage for a sell entry.
And I observe small price moves.
In the next moment, the panel briefly turned green.
Seizing that moment, I manually entered a short.
Beansc ya Dojo does not decide everything for me.
④ Letting profits run, closed at +9.36 pips
After entry, I waited for the timing to close by monitoring unrealized gains.
In this practice, the plan is to take profits once including costs reach +4.5 pips or more.
When the condition is met, click the green settlement panel.
Of course, it doesn’t always go this well. Even if you think you’ve identified a top, prices can move in the opposite direction. Therefore, setting a stop loss is essential.
⑤ What I wanted to create is not software that guarantees win rate
If you trade FX for a long time, you realize one thing.
Knowing a method and being able to actually use that method are not the same thing.
Can you wait for entry? Can you accept a stop loss? How will you settle when you profit?
These judgments are not easy to acquire just by reading knowledge.
That’s why I created the "Beanscya Dojo," a practice tool to replay gold price action even on holidays.
Look at the charts many times, judge many times. Learn not only from successful moments but also from failures.
A practice environment like that is what I’m aiming for.
⑥ I started YouTube “Today’s 1 Minute” series
This trade is also published in a YouTube Shorts video.
A series focusing on just one 1-minute bar
Why I entered, why I passed. I plan to cover not only winning trades but losing trades and pass judgments as well.
I’d be happy if you enjoy thinking along with the chart movements.
For those who want to try Beanscya Dojo
The gold-specific scalping practice software “Beanscya Dojo” also offers a 7-day free trial.
Beanscya Dojo — Free TrialTo jump high, you must crouch once?!
The birth secret of the original chart pattern “Bean Jump” hidden in Gold 1-minute chart.
Why does price drop once before jumping up? We’ll share the discovery and development behind it!
※This article is an example of trade practice. It does not guarantee profits or win rates. Real trading involves risk of loss.