1 Minute FOREX Scalping Strategy — Transcript

Full transcript

1. 0:00so you want fast action you want in and
2. 0:02out of the markets in five minutes you
3. 0:05are a scalping master you wanna learn
4. 0:07all of the scalping strategies on the
5. 0:08internet in this video i'm gonna show
6. 0:10you an extremely reckless
7. 0:12one-minute scalping strategy that might
8. 0:14be able to help you get some pips
9. 0:17[Music]
10. 0:19welcome back to the channel everybody my
11. 0:21name is artie and this
12. 0:22is the moving average a show where we
13. 0:24discuss everything day trading to keep
14. 0:25you profitable on a consistent basis
15. 0:28so if you are a new trader please close
16. 0:30this video
17. 0:31right now i don't want any new beginner
18. 0:34traders
19. 0:34scalping on a one minute chart you
20. 0:36shouldn't be looking at a one minute
21. 0:37chart so
22. 0:38there is my disclaimer do not trade the
23. 0:40one minute if you are new
24. 0:42if you are however experienced you know
25. 0:44market structure you know trend lines
26. 0:45you know moving averages
27. 0:47let's get into it so jumping into
28. 0:49trading view we have australian dollar
29. 0:51us dollar one of my favorite currency
30. 0:53pairs to trade
31. 0:54now there are a few things that you're
32. 0:55going to need to do to set your chart up
33. 0:57like this
34. 0:58if you have trading view what you can do
35. 0:59is just create a new layout
36. 1:01do all of these settings that way it
37. 1:03won't affect your old charts
38. 1:05you can do that by clicking the top over
39. 1:07here and you can rename the chart with
40. 1:10this
41. 1:10and we can name it hold my beer watch
42. 1:13this
43. 1:14okay so the concept behind it is that
44. 1:17you're gonna be scalping
45. 1:18engulfing candles what do i mean by
46. 1:20engulfing
47. 1:21i mean the move was going up and then
48. 1:23you got a big fat engulfing candle in
49. 1:25the opposite direction
50. 1:26so the main thing that we're going to be
51. 1:28looking at here is using these
52. 1:30three moving averages i have the 21
53. 1:33period the 50 period and the 200 period
54. 1:36smoothed moving average to find that
55. 1:39click on the indicators panel at the top
56. 1:41and type in smoothed you will get
57. 1:44smoothed moving average right there
58. 1:46click it as your favorite and add it
59. 1:48three times you are going to adjust
60. 1:50each one by changing the inputs to 250
61. 1:54and 21. the next thing that you're going
62. 1:55to add is a
63. 1:57stochastic rsi right there
64. 2:00add it as a favorite and add it to your
65. 2:02chart it should look like this
66. 2:04you are going to change these settings
67. 2:05to 3 3 14 and eight
68. 2:08and you're gonna add one last indicator
69. 2:10and that
70. 2:11you're gonna type in engulfing you're
71. 2:13gonna do it from the public library it's
72. 2:15called engulfing candle indicator by
73. 2:18r-m-u-n-o-z roman
74. 2:21and that's all the indicators that
75. 2:22you're going to need so basically
76. 2:24if we are above this 200 moving average
77. 2:28we are looking for long positions if we
78. 2:30are below it we are looking for short
79. 2:32positions
80. 2:33the main thing about this strategy is
81. 2:35that you are looking for the traps to be
82. 2:38set
83. 2:38what i mean by trap is a potential
84. 2:41bounce off of a moving average or
85. 2:43hitting a resistance zone
86. 2:45making it look like it's going in one
87. 2:47direction and then a
88. 2:48huge engulfing candle as the fake out
89. 2:51you have to wait for that big engulfing
90. 2:53candle that's
91. 2:54number one in this strategy so with the
92. 2:56engulfing candle indicator you can see
93. 2:59right here
94. 3:00that we get these little like red arrows
95. 3:03and green arrows
96. 3:04when there is an engulfing candle and
97. 3:06again do not test this strategy
98. 3:08at times that you do not trade i trade
99. 3:11the london session
100. 3:12maybe an hour before so i'm only looking
101. 3:15at that range right here is about where
102. 3:17i start trading
103. 3:18so i'm analyzing the price action i'm
104. 3:20looking at what it's doing
105. 3:21i usually do not get in until london
106. 3:24session has opened
107. 3:25and has been about 15 minutes into the
108. 3:28session but when you see
109. 3:29huge red candles like this that's a
110. 3:32clear indication
111. 3:33that there might be some momentum in
112. 3:35that direction so i waited a bit and
113. 3:37then i waited and it broke through these
114. 3:39moving averages subsequently
115. 3:41then we got this little tiny fake bounce
116. 3:43off of the 200 and
117. 3:44a big fat engulfing candle to the
118. 3:47downside
119. 3:48you can see right here there's a little
120. 3:50tiny red arrow
121. 3:51so at this point i'm like cool i think
122. 3:53the markets are gonna go down
123. 3:55all day so i waited and i watched you
124. 3:57have to be super patient with this
125. 3:59because each candlestick is one minute
126. 4:01you do not want to get burned because
127. 4:03your stop losses are going to be very
128. 4:05very tight
129. 4:05so now we're clearly trading below the
130. 4:07200 smoothed moving average
131. 4:09and now we're waiting for structure to
132. 4:11be formed what do i mean by structure
133. 4:14you want to see lower lows consistently
134. 4:17and lower highs
135. 4:18consistently so this engulfing candle
136. 4:21right here was our first indication of
137. 4:23structure being formed
138. 4:24the market continued down we got a
139. 4:26little bit more structure
140. 4:28and then we get our engulfing candle now
141. 4:30technically you could have traded
142. 4:32off of any one of these engulfing
143. 4:35candles
144. 4:36these down engulfing candles because we
145. 4:38are in a down
146. 4:39trend now you might be asking yourself
147. 4:41why i have the stochastic rsi
148. 4:44right here basically i keep this up here
149. 4:46so that i can see
150. 4:47which direction the price is going i
151. 4:50don't use the stochastic rsi
152. 4:52as like overbought and oversold this is
153. 4:54the wrong way to do it
154. 4:56never do that because when you get the
155. 4:57most momentum you can stay oversold for
156. 5:00a long period of time
157. 5:01so if i draw an imaginary line halfway
158. 5:04in between and i'm trading below that
159. 5:07i am looking for cell positions only
160. 5:09because i know that we are in bearish
161. 5:11momentum
162. 5:12so with this scalping strategy comes
163. 5:14very short-term trades
164. 5:16okay i want you to get into a position
165. 5:19to get five pips and then gtfo
166. 5:23so we had a bearish engulfing candle
167. 5:25right here
168. 5:26we got five pips in five minutes
169. 5:29we got another bearish engulfing candle
170. 5:32right here
171. 5:33and we got five pips in seven minutes
172. 5:36now how i want you to set this up is
173. 5:38like a two to one risk to reward ratio
174. 5:41so you're only looking to get five pips
175. 5:43out of the market so you get your candle
176. 5:45you set it to five pips
177. 5:46and you set your stop loss at two and a
178. 5:48half pips you have to have tight spreads
179. 5:50on your broker to have a two and a half
180. 5:52pip stop loss
181. 5:53because the spread might hurt you on
182. 5:54this but if you have a tight spread like
183. 5:56one pip
184. 5:57spread you are good to go if you want to
185. 5:59be super safe you can keep it at a one
186. 6:02to one
187. 6:02at a five pip stop loss and a five pip
188. 6:04take profit so we had our five pips
189. 6:07right here
190. 6:08and then again here is another bearish
191. 6:10engulfing
192. 6:11so when the candle closes only when the
193. 6:13candle closes because it could be this
194. 6:15huge fat candle
195. 6:16but then at the last second reject up
196. 6:18and you get this really long wick you
197. 6:20have to wait for the candle to close
198. 6:22and we got another five pips right here
199. 6:24now you do not want to use this strategy
200. 6:26for the entire day
201. 6:28you are waiting for the one big move of
202. 6:30the day there's always that move that
203. 6:33just like
204. 6:33in one direction consistently when the
205. 6:36market starts consolidating like this
206. 6:38you don't want to be in it anymore
207. 6:40because you can see right here we were
208. 6:42consolidating from this point
209. 6:44to this point and that is one hour and
210. 6:47six minutes
211. 6:48without a trade so if you are
212. 6:49consolidating if you see a loss of
213. 6:51momentum
214. 6:52get out because this is not scalping you
215. 6:54can't scalp
216. 6:55when it's consolidating you can only
217. 6:57scalp when it's going harsh
218. 6:59in a big direction you can tell that
219. 7:01because you'll see these massive
220. 7:03freaking candles like these are massive
221. 7:05candles on a one minute time frame
222. 7:07and you can see the momentum going down
223. 7:09so you get in a market like this
224. 7:11and you only get in on the bearish
225. 7:13engulfing candles in that direction
226. 7:16you wait for these fake pump outs and
227. 7:18then a big fat engulfing
228. 7:19and you scalp scalp scalp scalp scalp
229. 7:21and you can get three or four trades in
230. 7:24on this one move
231. 7:25every time it starts to dip up you get
232. 7:27an engulfing and then you continue down
233. 7:29so
234. 7:30technically on this we could have had
235. 7:33one trade two trades three trades
236. 7:36four trades four trades at five pips
237. 7:39each you got
238. 7:4020 pips out of the market and you got
239. 7:43all of that in 26 minutes
240. 7:44so that's literally a pip a minute now
241. 7:47once you get comfortable with this
242. 7:49trading in the direction only trading
243. 7:51with the trend
244. 7:52you can actually get more precise with
245. 7:54this trying to catch reversals
246. 7:56but what i want you to focus on is
247. 7:58trading with the trend when you first
248. 8:00start this one minute scalping strategy
249. 8:02and only do it on demo
250. 8:04wait till you're consistently getting
251. 8:06your wins you should be getting about an
252. 8:0880
253. 8:09win rate when the momentum is going like
254. 8:11this and you'll be able to tell the
255. 8:13momentum because it'll be at about a 45
256. 8:15degree angle
257. 8:16this angle right here means there's
258. 8:18momentum in the market
259. 8:19more of a flat you don't want to trade
260. 8:21that so when you get more advanced you
261. 8:23can actually see when it's playing along
262. 8:24the moving averages and then rejecting
263. 8:26off of them
264. 8:27you can see this big down slope right
265. 8:29here so you would have taken this trade
266. 8:31as well just like i did yesterday i got
267. 8:3310 pips out of this one move
268. 8:35and again it rejected two more times off
269. 8:37of that moving average and continued
270. 8:39down all day
271. 8:40so you want to see the momentum you want
272. 8:43to see engulfing candles you want to use
273. 8:45your moving averages
274. 8:46and you only want to trade with the
275. 8:48trend now don't ever try to get the
276. 8:50bottom
277. 8:50of the market it's not going to happen
278. 8:52you want to wait until we're trading
279. 8:53above some moving averages as a signal
280. 8:56that the trend is reversing so as you
281. 8:58can see we're rejecting off of the 21
282. 9:00on the upside try this out make sure
283. 9:03you're doing it on demo this is very
284. 9:05fast acting this is
285. 9:06in and out in five six seven minutes max
286. 9:09so if you guys are still watching this
287. 9:11video that means that you like the
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291. 9:18and we will see you in the next video