1 Min Scalping Strategy — Transcript

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1. 0:00all right so this is a trade that I took
2. 0:01today on the one minute chart on German
3. 0:0440 also known as Dax I don't know why
4. 0:07people don't like trend lines or they
5. 0:10think that they're imaginary lines but
6. 0:11I'm going to get into this trade and I'm
7. 0:13going to show you kind of raw what
8. 0:17happened it's going to be floating
9. 0:18playing on in the uh side of the screen
10. 0:21right here not editing this video so
11. 0:24what we're going to start off with is no
12. 0:27indicators um I have two volume profiles
13. 0:30and a super Trend and trend lines but
14. 0:32essentially on the higher time frame
15. 0:35like the 15minute we were on an uptrend
16. 0:37and price broke through this uptrend and
17. 0:40then immediately came back down so the
18. 0:43indicators that you're going to need are
19. 0:47super Trend uh it's probably just going
20. 0:50to be this top one the uh most popular
21. 0:52one and the settings that you're going
22. 0:54to use on that is going to be 10 and
23. 0:582.5 then the next ones that you're going
24. 1:00to use are volume profiles I have two of
25. 1:03them I like these ones by kv4 coins
26. 1:09they're fine they're all the same um
27. 1:12essentially what I'm going to do is the
28. 1:14reason I have two is because I want to
29. 1:16set one to bearish volume and then the
30. 1:18other one to bullish volume so in the
31. 1:20settings just select one bearish change
32. 1:22the color to your bearish candles as
33. 1:25well as the um point of control the PO
34. 1:29line and and then the other one is just
35. 1:31going to be the opposite bullish yellow
36. 1:34because my bullish candles are yellow
37. 1:37and so what we're going to be targeting
38. 1:39once we have that break we okay so it
39. 1:43rejected off the trend line but like
40. 1:45broke through it and then immediately
41. 1:47came back and then using the super Trend
42. 1:49we saw a sell indication right there so
43. 1:52I got in on a trade right there and as
44. 1:56it made that first rejection right here
45. 2:01off that trend line I was like cool I'm
46. 2:03good to go and I waited a little bit and
47. 2:06I just created you could probably see it
48. 2:08on the video this like 45 degree angle
49. 2:12in the in the trend and so price came
50. 2:15down started trading below it came back
51. 2:17up dipped above it created a wick and
52. 2:20then shot back down respecting that
53. 2:22trend line so I kept slowly moving my
54. 2:25stop loss into profit because I had
55. 2:27already lost a trade before during the
56. 2:29day
57. 2:30and I didn't want to risk any more of my
58. 2:32Capital so I just played it safe and
59. 2:34trailed this thing the whole time um as
60. 2:37we got here it broke out of the trend
61. 2:41line and the thing that I was concerned
62. 2:43about was like okay maybe it's just a
63. 2:45trap it's going to break out and then
64. 2:47it's going to continue down I like to
65. 2:49see a break out and a retest and
66. 2:52rejection up before I actually get out
67. 2:55of my trend line trade so this one broke
68. 2:57out and then broke back in in and
69. 3:00continued on getting some nice momentum
70. 3:03not even hugging the trend line but
71. 3:04really pushing past the trend line then
72. 3:08we got this huge engulfing candle and
73. 3:11then it just stopped it stopped dead and
74. 3:15the reason why I have the volume
75. 3:17profiles on here is see where there is
76. 3:20bullish and where there is bearish
77. 3:22volume so I'm going to adjust these a
78. 3:24little bit so it's going to be easier
79. 3:25for you to see and bring these to like
80. 3:2940 and that'll bring it closer to the
81. 3:31price I like it at 100 cuz then it stays
82. 3:34further away or sometimes it overlaps
83. 3:37the price with the default settings like
84. 3:39you see right here but if we take this
85. 3:42out we can see that this is a large area
86. 3:45of volume that price wanted to go to now
87. 3:48it's a mixture of bullish and bearish
88. 3:52volume you can see the two layers of the
89. 3:54white and the yellow now once it got to
90. 3:57this area it continued down breaking
91. 3:59through through this peak area both of
92. 4:02these points of control the points of
93. 4:04control is the highest volume in a given
94. 4:07range with that either bearish or
95. 4:10bullish so the bullish volume right here
96. 4:14the yellow it broke straight clean
97. 4:16through that hit the bearish volume and
98. 4:18then continued
99. 4:20down that's where I moved my stop loss
100. 4:22to because I was like cool if it goes
101. 4:24above the point of control not going to
102. 4:26like it I'm also looking at the uh the
103. 4:29the New York open that right here um
104. 4:34this is just a
105. 4:35representation of where price opened up
106. 4:38for the day 12 midnight New York time
107. 4:41and that was right here so I knew that
108. 4:43that was going to be an area it either
109. 4:45was going to retest and then continue
110. 4:46down or break above so this was my
111. 4:50ultimate stop-loss area and once that
112. 4:55rejection happened off of there I saw
113. 4:58the retest down below
114. 5:00and then creating a new Buy Signal off
115. 5:03of the super Trend so we had broken the
116. 5:06downtrend right here confirmation
117. 5:08through the super Trend and this is all
118. 5:10in the one minute time frame came back
119. 5:13down tested this area and then started
120. 5:15coming back up I just let it hit my stop
121. 5:18loss I could have closed it here I was
122. 5:20thinking about it I've I already circled
123. 5:22it on the chart I saw the break out then
124. 5:24we got the retest and then the
125. 5:26continuation up so in an overall like
126. 5:29longer position if I was on a higher
127. 5:31time frame I probably would have held
128. 5:33this seeing as this was my original stop
129. 5:36loss and this was my target which
130. 5:38looking left is just this consolidation
131. 5:40area right here SL double bottom I
132. 5:43figured it'd be a nice Target to go for
133. 5:46but Trend started to slow down plus this
134. 5:48is Dax we usually die down at about 3 pm
135. 5:53is Europe time um it's not like Nas
136. 5:56where it goes for hours and hours and
137. 5:57hours the trading window is really
138. 5:59justce 9 to 5 London session time so
139. 6:02once we had that break retest and then
140. 6:05come back up I knew I was out of my
141. 6:06position but you could see in the replay
142. 6:09how wonderfully it respected the trend
143. 6:11line and I know it's an imaginary line
144. 6:13but the works and if you want to
145. 6:15trade on the one minute time frame I
146. 6:16suggest trying something like this one
147. 6:19of the easiest things that you can do um
148. 6:21I was going for the moon here is quite a
149. 6:24big position that was a 1 to six but
150. 6:27essentially if you just want to get one
151. 6:28to twos all you have to do is you know
152. 6:32set your stop loss at the Buy Signal
153. 6:34when it breaks and you create the super
154. 6:36Trend and then go for a one to two risk
155. 6:39to reward ratio and you can get those
156. 6:43pretty consistently like you know we had
157. 6:45the break stop loss there shooting for a
158. 6:49one to two you would have gotten it here
159. 6:52now it doesn't work for every one of
160. 6:54them and you got to like overall look at
161. 6:55the trend and have deeper analysis of
162. 6:58price action or whatever
163. 7:00but essentially I mean this was a banger
164. 7:02of a trade now it's just going to fall
165. 7:04into this consolidation there's less
166. 7:06volume in the markets the moves happened
167. 7:08here and here I was able to catch the
168. 7:11the bottom half of it so yay me hope you
169. 7:14guys enjoyed this video if you want to
170. 7:16learn how to trade on trade Locker or if
171. 7:20you want to just get an account and
172. 7:22trade on trade Locker as opposed to
173. 7:24doing your analysis on trading view I'm
174. 7:26doing it on here because it's just
175. 7:27easier for you guys to see but uh you
176. 7:30can get a demo account with Osprey
177. 7:32that's going to be the first link down
178. 7:33below and if you guys checked out my
179. 7:36telegram group I kind of feel like it's
180. 7:38important yesterday was a really good
181. 7:39trading day for me I have four funded
182. 7:41account challenges running I'm going to
183. 7:43read this to you guys really quick you
184. 7:45should be trading every single day again
185. 7:47you should be trading every single day
186. 7:50why because you can only Master
187. 7:52something through repetition again you
188. 7:54can only Master something through
189. 7:56repetition every pro athlete every Pro
190. 7:59Trader every professional anything they
191. 8:02got better through repetition I don't
192. 8:04give a if it's a demo account a
193. 8:06live account a trial account a challenge
194. 8:08account a piece of paper you need to be
195. 8:10practicing your craft every single day
196. 8:13take a funder Pro free trial open a demo
197. 8:15account on Osprey I don't care what you
198. 8:18do I just want you to do it every single
199. 8:21day if you don't you will only get worse
200. 8:24and that's a fact if you don't do it
201. 8:26every day and just try it once in a
202. 8:27while you will be failing and just
203. 8:30learning the same lesson on repeat say
204. 8:32for example you do 100 push-ups and
205. 8:35you're so sore you don't even do it for
206. 8:37two weeks after that and then you try it
207. 8:39again you literally lost all of the
208. 8:41effects the benefits that you had from
209. 8:43the first 100
210. 8:45push-ups