This content introduces a simplified scalping strategy for trading, designed for beginners, that aims to achieve consistent daily profitability by identifying trends, consolidations, and specific entry signals within a defined trading window.
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This stupid simple scalping strategy
consistently gets me days like this and
like this. In this video, I'm going to
explain exactly how. And I've boiled
this down to be so simple that even if
you're a beginner, it's going to be
difficult for you to mess up. Best part
about this strategy, you can use it
almost [music] every single day. So, I'm
going to lay out and explain the exact
strategy. Then, I'm going to show you
this strategy playing out over the
[music] past 2 weeks of data in a full
back test so we can see how much this
model would have made to prove how this
model can lead to instant profitability.
Okay, so this model is the exact model
that I followed actually on yesterday's
trade and I was able to snipe this exact
spot on the chart. You can see I locked
in $1,700 at that point was floating
$8,800. And all said and done, I was
able to make almost $10,000 risking
$1,000 on a single trade following this
exact model. This is also the model that
I'm oftentimes trading in the live trade
videos that I put out on YouTube. So you
see how it works for me, but the real
question is how can you do it, too? So,
the objective today is how to get
results using a proven and simple
strategy in just a few hours of work per
day. In doing this, I'm going to be
showing you this one simple strategy to
find and set up these trades. That way,
there's literally no more guesswork.
We're just following the data and
focusing on consistent execution. And so
that we can follow the data once we have
this exact model locked in. I'm going to
put it to the test and I'm going to run
this through a twoe back test so that we
can see exactly how much this strategy
made. All right, so let's get into the
actual steps of the strategy. Step
number one is going to be starting
between 8 and 9:00 a.m. New York stock
market opens at 9:30. This is where a
lot of the volatility is going to rush
in. So, we want to be able to have our
chart hold up. You can see I have this
grayed out area to mark between 8:00
a.m. and 9:30. This is sort of the area
where the session is getting started and
there's an increase in volatility. If
you want access to this indicator as
well as the other ones that I'm going to
reference in this video, go in the
description, follow me on Instagram, and
DM me the word tools and I'll give you
basically all of my indicators. Step
number two, we're going to make sure
that we're between a 1 and a 5minut time
frame. So right now I'm on a 1 minute
time frame, which is where we're going
to be taking our trades. And what we
want to do is identify a trend. And
we're going to be following
consolidations. So I'm going to click on
this trend line tool here. And what I'm
looking for are these areas on the chart
where we tend to see price continually
bouncing off of. You can see we have a
downtrend leading into this area where
price has now broken through it. And now
we have this new uptrend here. So I also
want to go ahead and select this trend
tool. go to my low here and my high
here. So now we're finding key areas
where we can potentially get in on brand
new trends to be able to ride them in
that complete direction. Step number
three is going to be the most important
step and this is where you really have
to pay attention. This is where I'm
going to be looking for number one, a
decisive break with what's called a
change of character and a fair value
gap. So what we're looking for now is
for price to come in contact in closer
and closer proximity to this trend and
have a decisive push out of that low.
You can see this candle kind of broke
it. This was the first big candle to
push in that direction. Next thing that
we're looking for is something called a
fair value gap. Now, a fair value gap is
where we have a series of three candles
1 2 3 where the wick of the first candle
isn't overlapping the wick of the third
candle. Okay? And we want to see this in
close succession to a swing low in our
trend or a contact point on this trend
where we see a new low being produced.
So, we can identify this low price rolls
over has a candle close below it. In my
book, this is acting as our change of
character. And what I'm really looking
for is for this to happen in close
proximity to our change of character and
our fail of that trend. And that's going
to bring us to step number four. Now,
we're going to click on this short
position tool here. And we're going to
be targeting just inside the halfway
point of this fair value gap. So, once
price comes into this midpoint, this is
where we can enter our position, set our
takerit to be determined down here, and
set our stop loss up at this value. This
is where one of two things is going to
happen. Price is either going to push up
into our stop loss for a contained risk
or price is going to make a close below
this candle here, which is the next
thing that we're looking for. So, you
can see price pushes in our favor. We
finally get a candle close below this
level. This is where I'm now going to be
reducing my stop loss to my break even
point. And now we're eliminating risk
off the table. Next thing that I want to
do is take my take-profit and set it to
a 1:2 riskreward off of our initial
risk. I'm going to set a marker here.
Make sure that my takerit is to be
determined. And now I can wait for price
to close below that level. And this is
where I'm going to be taking off half
the position. And now here comes the fun
part. We completely reduced our risk
down to zero. So now we've locked in one
full unit of risk and we've removed all
the current risk on our position. And
now we can let the trend run. Okay? So
as price drops, I'm basically just trend
following this down. Every time there's
a high produced and a candle to break
it. So right here, that's where I'm
moving my new stop loss. You can see
high produced here. Candle breaks it.
Stop loss gets pushed down to this swing
high. Price drops even lower. stop loss
gets pushed down to this swing high. And
in a lot of circumstances, if we get
this big of a move, I'll just walk my
stop loss down into a space like this
and just sort of play into the momentum
until price reverses through it. And we
can close the rest of the position out.
You can see on this trade, we were able
to make 4.5x what we're risking while
reducing risk off the table as we go.
This entire move effectively happened in
23 minutes. Okay? And you can see this
is the exact type of move that I was
able to capture in this trade that I
took yesterday. Okay, so now let's go
over to all the trading days over the
past 2 weeks and play this model out so
we can see how much money would have
been made over this period. All right,
so starting on the first day of the twoe
period, we have our 8:30 mark here.
Price is starting to develop. We have
this level broken here. Fair value gap
with our change of character. Stop loss
under the candle 1 to2 set. Buy order
Stop loss goes to break even. Half the
position comes off the table.
Take profit under these swings and then
Price pushes way up. Stop loss comes up
underneath this candle low and we close
the position. At this point we also have
this trend establishing. Price comes
down. Tests underneath this low level.
Pushes underneath this low level. Change
of character area. Set up our order.
Price comes up fills us.
Soon as we get a break below that low,
stop loss comes down to break even. Half
the position comes off table and then we
Candle closed below here. Stop loss
walks into here and we close trade off
the table. It's also important to
remember sometimes you're not going to
have setups. So in a situation like
this, we have our New York open, we have
market trending in one direction, never
really making a full trend break. But
that is giving us information to be able
to take our trend level along all of
these highs and be able to find the
exact moment where we break out of a
critical level. So now we see price
breaking above this trend level, pushing
up through it definitively. So we have
fair value gap entry stop loss under the
candle change of character over that
area 1 to two set create our order
and this is really important. We need to
give the stop loss some wiggle room. So
you can see on this candle I'm putting
it comfortably outside of this candle.
Now we're waiting for price to break
above this high which is actually at our
1 to2. So price breaks above it. Half
position comes off. Stop loss is reduced
and we take the position off the table.
Okay, so the next trading day you can
see we kind of trended down here. No
real good actual setups in here. Maybe
off of this area which would have been a
win. We have this trend development
which here would have been an entry but
would have missed but would have been a
really nice trade. But there are these
lows being established along this price
action where we have price starting to
melt off a decisive push underneath that
area with a change of character. Fair
value gap midpoint entry entry placed
here. Price reverses down 1 to2 hit half
the position off the table. Stop loss
In this case we almost got stopped out
here but we have a break. So technically
stop loss is reduced underneath here.
This is a whiplash trade. Realistically,
we're out of this trade. Left a little
bit on the table. Okay, so obviously I'm
going over the examples where the trades
play out as good examples of the trades.
There's going to be losses. There's
going to be break evens. There's going
to be days where there's no good setups.
But even trading with this simple model
altogether, we were able to accumulate
$6.6,000 $6,000 risking $1,000 per
trade, which would mean if you're
risking $100 per trade, it would be $660
in profit, which is typically done
pretty easily with about $1,000 on say a
buy bit or a blowfin account, which are
the exchanges that I use to trade
crypto, or with something like a top or
apex account if you're trading on the
futures market. Okay? And like I said,
this is the boiledown simple version of
the model that I'm showing you. What I
wanted to do is be able to show you the
proof of concept with this model and how
it can allow us to find these entries
and play trends out. Now, it's one thing
to watch a video and it's another thing
to actually be able to go through the
nitty-gritty and fully execute on this.
The second thing is this is a simplified
version of the model whereas usually
when I'm trading this, I'm taking
between three to five trades on any
given day because I have what are called
confluences that give me more
opportunities to play my edge. This is
what I go over and share with our
private students who have gone through
the education. You can see Harry Smith
32 risk factors on a trade. Massive
position making 32x what he's risking.
You can see one of our top students,
Joe, cleaning up almost every single day
using this exact process to take these
high conviction trades. So, I basically
wanted to share this with you.
Regardless of the amount of money you're
starting with, mastering this process
and taking trades where you can make 20,
30x your risk, this is the opportunity
at hand with the strategy and why I
wanted to share this with you guys. If
you want to learn these full models,
access to the full education, and our
trading team, you can check out the
resources below this video. Make sure
you like this video if you found value.
Subscribe to the channel if you want to
know when I put videos out. Put another
video right here of me trading this
strategy live. But until next time, I
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