This content introduces the "Quick Flip Scalper," a simple, repeatable, and effective trading strategy designed to capitalize on market volatility during the first 90 minutes after the market open.
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Today I'm going to show you an amazing
scalping strategy that takes advantage
of the first 90 minutes of the market
open. It's called the quick flip
scalper. It's repeatable. It's
effective. And best of all, it is
simple. My name is Carl. I've been
trading for 20 years. One of the biggest
things that I've learned is that the
utmost majority of all the money that
traders make will take place in the
first 90 minutes. For us traders, this
is our bread and butter. If you want to
increase your chances of becoming a
successful trader, you've got to master
this market open. And to master it,
you've simply got to have the right
trading strategy. Otherwise, it's game
over. In today's video, I'm going to
show you how to use the quick flip
scalper strategy in just three simple
steps. I will present it the exact same
way it was shown to me back in 2011 and
the same way I have taught hundreds of
other traders. We have all used it day
in and day out to make solid trades for
years. Then after explaining the
three-step strategy, I will take that
process and I will trade the quick flip
scalper in a live market so that you
know how to apply it. Let's get started.
I love this quick flip scalper. I've
built a 15 plus year trading career off
of this strategy. Most people I show it
to like it as well because it's
straightforward and it doesn't require
any complex structure. Let's jump into
the three steps. Step one is to box the
Let me show you how. Open whatever asset
you are trading on a 15minut chart. For
this example, I'm going to use NASDAQ
100, but it works with any asset. Just
make sure it's a 15-minute chart. From
there, let the first 15 minutes of the
market open pass, allowing that candle
to completely close. Once that candle
has closed, use the box drawing tool to
connect the highest price point we see.
So, this very top of the wick, which
says 24675,
we are going to connect that with the
lowest price point we see, which is 24502.
24502.
and we're going to box that range in and
we're going to extend [music] it into
the future. And that's all for step one.
I told you it was going to be simple.
So, this is all you need to do. Just box
in the high to low range [music] and
then extend it. Now, let's move on to
step number two, which is a crucial
step. And the step is to confirm that
this candle is a liquidity candle.
Most likely, it is. And I will explain
why soon. And if it is, we are on to
something special. A liquidity candle is
a fast aggressive candle moving up or
down. The direction doesn't matter. It's
fast. It's aggressive and it's moving in
one direction. But it's more than just a
candle. It's an emotional event and that
is where the edge is. When traders
worldwide see this, their very first
instinct is to chase into that strength
or weakness, fearing that they will miss
out on that trading opportunity. And
that's exactly what these candles and
the price movements are designed to do,
to pull [music] in inexperienced retail
traders to create liquidity for the
[music] big institutions to get in and
out of their trades. This price movement
actually needs to happen in order for
those institutions to get [music] in and
out of their positions. And that is why
you will see them almost every day. This
[music] often involves a uh a stop hunt
where the price aggressively moves in
one direction to trigger clusters of
stop- losses from us retail traders.
These triggered stops will create a
liquidity pool uh liquidity pool that
the large institutions need in order
[music] to fill their positions without
negatively affecting the price. Without
this engineer liquidity, the big players
wouldn't be able to execute their trades
uh at least not efficiently without
negatively affecting their entry and
exit levels. The best explanation comes
from old school trader Dr. David Paul.
The best trades occur after the masses
have been stopped out. And that's
because the big fellas up there, they
can't press the we button and get in
because there's just not enough liquid
liquidity there for them to get in in
size. So they have to in fact engineer a
100,000 guys like you, sir, pull you one
way, your stop loss gets hit. That in
fact sets off a sea of liquidity for
them to get in. So yeah, these uh
candles they are engineered and that is
why I like to call them manipulation
candles and they happen almost daily so
that these big players [music] can get
in and out of their trades. So the most
important thing to understand how this
quick flip scalper takes advantage of
this very phenomenon is that when you
see these candles most of the time the
candle is reversed and right there
that's the strategy that is the edge
that we will be using. Now, if there is
any doubt in your mind whether or not
the candle you are looking at is or is
not a manipulation candle, let me show
you a quick and easy way to figure that
out. So, what we want to do is to switch
to a daily chart of the asset that we're
trading and we're going to add the
average true range indicator. You don't
have to make any adjustments to it. Just
use the uh default settings of 14 days.
This indicator will give us a numerical
value. In this case for NASDAQ, it is
420 points. Let's go ahead and make the
math a little bit easier and uh write
400 points.
What does these 400 points represent?
Well, they represent the average range
of NASDAQ 100 in the last 14 days. So,
it's either up 400 points or down 400
points on any average day. So, the
trading range is one of the most
important parameters for us as traders.
whether you use this quick flip scalper
or not. Here is what we want to
determine back on the 15minute chart. If
the size of this candle that we just
boxed in is 25% or more of that daily
range, then it is a manipulation candle.
So, here's the basic math to figure that
out. We take these 400 points, right?
and we multiply it with 25%.
And you will have 100
100 points.
points.
So if the high of that candle to the low
of that candle exceeds 100 points, it is
in fact a manipulation candle. So you
will see that the very low of this
candle is 24,52
points and the very high is 24,675
points. And yeah, that is well outside
the 100 points range. So this is
definitely a manipulation candle. So one
thing to think about is that if it's at
95 points or 90 points, let's say that
it's around 22 23%, don't sweat the
details. You can still use it. But if
it's 25% or more, that is a dead
giveaway that it's being manipulated. So
that wraps up step number two, which
also was pretty simple. All right. Now,
let's move on to the third and last
step, which is to make the perfect entry.
This is going to be pretty simple, too.
So, here is what we're going to do.
We're going to go back to that 15-minut
chart, and we're going to move it to a
smaller time frame, and that can be the
five minute time frame or anything below
that. So, we can do 3 minute, we can do
two minute, and we can even do the one
minute time frame. I prefer to use the
five minute because that is what I'm
used to and uh that's what I'm going to
use now for the rest of this
demonstration. Now from here what we
need which is the most important part of
the video we need one out of two types
of candles to appear. They need to
appear outside the range outside the
range that we boxed in in step one. And
I say it's the most important part
because if none of these candles appear
the price is not ready to be reversed.
that movement could actually continue
for 20 minutes, 30 minutes, 40 minutes,
or an hour or like the rest of the
freaking day. It can just keep on going.
And we want one of these two candles to
appear again outside the box range. And
we want them to appear within 90 minutes
of the market open. So, if that doesn't
happen, the opportunity is lost and we
will not take the trade. [music]
If you know about reversal candlesticks,
if you watch some of my old videos, you
already know what the two types of
candles are. The two candles that I'm
going to be looking for are going to be
either the hammer or the inverted hammer
candle or the bullish or bearish
engulfing candle. Here's why these two
candles are important and why they must
be used in this trade setup. Let's start
with the hammer candle on the long side.
So, this must come after a clear red
negative price movement. The uh
confirmation comes from within the wick
[music] itself right here. This wick
represents that the largest buyer took
advantage of that liquidity and the
institutions bought into that weakness.
And I've said in past videos that you
have to think about it this way that if
someone [music] with that amount of
buying power is going to step in here
and buy that dip, it's not going to go
lower in most cases. And that is where
the edge is. They're just too big. They
are too strong. and they have announced
their intentions and most likely the
price will go higher from here. Again,
not all the time, but most of the time
it will. The entry is going to be very
simple. We're going to wait for the
break of the candle and we're going to
enter the trade in the opening of the
next [music] candle. So, we're going to
enter the trade here and the stop loss
would be set at the low. The inverted
hammer would be something that comes
after a clear positive green movement.
You would have the wick coming from the
top. Again, the confirmation comes from
within the wick itself right here.
The entry would be at the break of the
next 5minut candle here. And the stop
loss would be put slightly above [music]
the high here. Now the engulfing candles
have the exact same significance but
they look different. They are called
engulfing because this large candle here
fully engulfves the previous smaller
candle. For engulfing candles though, I
like to set the entry level already at
the high of the previous candle. So for
the bullish engulfing candle, I would
set my long entry already here at the
high of this red candle and I would
place the stop loss at the low of the
engulfing candle.
And for bearish engulfing candles, we
enter the short trade already at the low
of the previous green candle. So that
[music] would be here
and we place the stop loss at the high.
So if you didn't follow that, don't
worry. We're going to go through this
step by step now. So let's go ahead and
open up the NASDAQ 100 chart again. So
the day started with this positive green
liquidity candle, which means that we
are now looking for negative reversals
somewhere above this range. So, we're
looking for inverted hammers or bearish
engulfers [music]
above the boxed range. If the day would
have been a negative red liquidity
candle, we would instead be looking for
positive reversal candlesticks like the
hammer or the bullish engulfing candle
and we would look for it below the box
range. So, let's see how this day
continues. So, this is on the 15-inut
chart. We have confirmed that it's a
positive liquidity candle and we have
drawn up the box into the future. So
we're now going to go into a lower time
frame to look for the reversal. I will
use the five minute one. Let's see what
happens. We see that the price continues
up from here for a couple of candles.
It's not ready to be reversed yet, but
around here around 45 minutes after the
opening, something happens. You should
be seeing what I'm seeing now, which is
a inverted hammer candlestick. So the
entry would be very straightforward. We
would enter the trade here at the break
of the next candle. We set the stop
above the high and then we set the
target profit at the bottom of the box
that we've just drawn. So the box that
we drew has another purpose than just
showing where we are looking for the
reversals. It actually gives us two
irrelevant target profit levels. One is
the high of the opening and the second
one is the low of the opening that I
just used. So, our trade is set. Let's
see how this plays out. By the way, I
feel like I just have to mention this.
So, the win rate is actually higher if
you include the 15 minutes prior to the
opening. Not all brokers offer prices
outside market hours. But if you are
interested in that, uh there's a link to
the description to the broker that I
use. They are called IG. Just register
for a CFD account and you can get access
to these instruments. So, for the next
minutes, we're just messing around this
price level. Uh, we're not really going
anywhere. We're not hitting the stop
loss. But then, as you can see, the
price eventually goes lower. And if we
go even further, we see that we actually
reach the target profit here at the
bottom of the range. So, it was a
successful trade. We entered the trade
at 24,872.
We put the stop loss at 24,900.
So, the trade had a 28 point stop- loss
with a 212
points win. So, that's pretty good,
right? And this isn't cherrypicked. If
we look back, we had this pattern here
too. The day had a negative red
liquidity open. It reversed down here
and then finished higher. The day before
that, we had a green open, but it
reversed. And the day before that we had
a red opened, it reversed and it
finished green. Almost every time it
reverses. So the strategy works great
with these liquidity events and they
appear because uh the big institutions
need them to enter and exit their
positions. Over 255 years of trading
history and they are everywhere. Now let
me show you how to trade this live. It's
already 11:00 a.m., so I've missed the
open, but I will be back tomorrow to
trade this together with you. Okay, good
morning, guys. It's about 10 minutes
until the market opens. Remember the
steps. We are dialing in the 15minut
opening range. We are confirming that
it's a liquidity candle and we are
looking for a reversal candle outside
the range. If we don't get these three
things today, then I will come back
tomorrow. Uh, but if you are watching
this, it means that I kept it. And
spoiler alert, it means that it is
happening today. I forgot to mention
this yesterday, but these liquidity
events are often more prominent in
[music] individual stocks than in these
big indexes. the indexes often has more
base liquidity which means that these
manipulation candles are sometimes not
needed to the same extent for these big
institutions but as I showed you
yesterday they are there in the big
indexes too with that said I'm going to
trade this today on an individual stock
instead to show you that the quick flip
scalper works very well on that too
possibly even better and I think I will
do it with the highest volume stock
these days which is Nvidia so the market
opens in about 2 minutes. Uh let's start
by finding out what the average true
range is. So I'm going to pull [music]
up the daily chart. I'm going to add the
average true range indicator.
The average true range is 8.07 bucks. So
Let's go back to the 15minut time frame.
Now the market opens in a couple of
seconds. And uh here we go.
So, okay, it's opening with a small gap upwards
upwards
and now it's moving south. Remember, we
are waiting for the candlestick to close
before we can confirm that it's a
liquidity candle. And for it to be a
liquidity candle, it has to be 25% or
more of the average true range of the
last 14 days. While we wait for the
15-minute candle to close, we could
actually already now calculate what that
is. Average true range was 8.07 bucks.
To make it easier, let's say 8 bucks and 25%
25%
of that is two bucks. So that means that
if this candle will close with a range
that is more than two bucks, then it is
a liquidity candle. Okay. So, now it's
uh 30 seconds until this 15-minute
candle closes. It's not a perfect
looking liquidity candle as we have this
uh this wick here, but I think it's I
think it's good enough. Preferably, we
wouldn't have it, but I think it's okay.
The range is clearly exceeding two bucks
though. It's closer to five or even six
bucks. And there it's closed. So, it's
confirmed that it's a liquidity candle.
Okay. So, now let's take the box drawing
tool. Let's connect the highest price
point and the lowest price point and
[music] then we extend it into the future.
future.
And I'm only extending it for 75 minutes
from here. Uh because after that we
don't want to enter the trade. So any
reversal after these 90 minutes are
irrelevant. We only enter trades within
the first 90 minutes of the market open.
So the low is at 176 and the high is at
182. Okay. So that's the first two
steps. There is only one step left and
that is to find the reversal. Okay. So
this 15minut opening range that we just
made a box out of will be of big
significance for the rest of the day.
Now the only remaining thing the last
and third step is to wait for the
reversal candle outside of this range.
As this liquidity candle was negative,
we are looking for one of the two
bullish reversal candlesticks at any
place below this range. And if you
remember, we do that on a lower time
frame. So I'm changing the chart down to
a 5m minute time frame. And uh now we
just wait. So if we don't get this
reversal candlestick within 90 minutes,
then we don't trade it. We will get
another chance tomorrow. So, there's
nothing to do but to continue waiting.
So, some buyers are getting in here, but
not yet a full reversal. I think there
are still uh some big players that are
going to get in here. So,
uh I suspect we might go even lower.
Okay, here's another hammer candle, but
again, the hammer is inside the range,
which um which makes it invalid. You
want to see a hammer candle or a bullish
engulfing candle after a [music] strong
clear downward movement and below the
range. Okay, we continue down from here.
That's a big red candle and we're now
actually outside the range and another
big candle. If we would get some kind of
reversal pattern here down below the
range, then that's the time to enter the
trade. Okay, so look at that. We have a
strong green candle here that could
become a engulfing candle. But I'm going
to place my limit order entry level here
at the high of the red candle at 175.15.
175.15.
So if the price goes up to this level,
it is in fact a bullish engulfing
candlestick. So that's where we want to
enter the trade. So let's see. The price
is still going up. Let's see what
happens. Okay, we got it. We're now in
the trade. I will put the stop loss down
here below the low at 172.5
172.5
and I will put the target [music] profit
at the top of this range
which is at 182.3.
So that makes the stop loss around 2.65
bucks. The target profit is seven bucks.
So that is a riskreward ratio of um 2.7
or something like that. So let's see if
this reversal holds true. There are no
guarantees in trading. Um there are just
probabilities and this trade has a high
probability of uh of profit. So let's
see where it goes. So it's uh continuing
upwards actually. It's uh still strong.
We have a little bit of a hesitation
here. Still a long way to the stop loss
though there. I think this looks pretty
good. I think we have some good chances
to see this uh trade go through today.
Okay, look at that. Price is now back in
the range and that's promising.
Okay, so it's continuing up. Now, we've
been going sideways for a while, and at
this point, I would uh consider just
stopping the trade and taking the win
and call it a day as as we're so close
to the target profit already. But just
for the sake of the video, I'm going to
stay in the trade and I'm going to see
what happens. But I'm actually going to
move the stop loss to the bottom of the
range here at 176 so that we are at
least in the money. Okay. So, now we got
our target profit. And to be honest, I
was zoning out for a while. The time is
now 1:45 p.m. and uh made a great trade.
Uh this trade admittedly is a little bit
longer than usual. Uh normally you're in
and out [music] from the trade a lot
faster. Okay guys, that's going to
conclude today's video. I hope you found
value in this quick flip scalper
strategy. And if you are interested, I
have another one candlestick strategy
that is very, very effective but still
super simple. If you are interested in
that, give this video a thumbs up. Let
me know in the comments uh and I can
make a video for that one too. And I
want to end with one reminder that is
that historic results are no guarantee
for future results. So even though this
edge has been proven to be effective
over many decades, it might stop
working. And also although very strong
on most markets, this edge definitely
works better with some markets and worse
in others. So please evaluate the edge
regularly. And as always, take care,
trade well. Thank you guys for watching.
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