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1-Minute Scalping Strategy: The Best Forex Scalping Setup (Full Guide) — Transcript

by Solo E TV · 3,758 words · 488 segments · language en · Watch on YouTube

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0:00most Traders fail because they over
0:02complicate scalping but what if I told
0:04you you need one simple strategy that
0:06can make and grow your account just like
0:09it did for me I took a $100 account to
0:12$2,000 with just my one minute scalping
0:15strategy and in this video I'm going to
0:17break it step by step from beginner to
0:20expert or even Advan to more advanc how
0:23you can do the exact same thing most
0:25people think it's impossible taking $100
0:28to $2,000 and it's really not people
0:30think it's the spreads too much or the
0:32commissions are too much or is it
0:34because they're getting stapped out too
0:36early or the discipline but the truth is
0:38they're going about it in the wrong
0:40approach majority of these Traders don't
0:42even have good discipline and that is
0:43exactly why I'm doing this video just to
0:45show you guys how much discipline you
0:47need and what strategy you need to
0:49implement this and this is why I share
0:50my live trades on my YouTube channel
0:53here of how I'm scaling $100 to $100,000
0:56so you can see the full experience from
0:58a Trader to a Trader and this same
1:00system I'm going to be breaking down is
1:02exactly what we're going to be doing in
1:04this video so by the end of this video
1:06you're going to know my personal entries
1:08my personal exits plus my risk
1:10management strategy that I turned my
1:12$4,000 all the way up to $40,000 via
1:14YouTube live stream and also the same
1:16strategy I use and Implement on my live
1:19streams that I go live every single day
1:21as of today so this is what a new Trader
1:23looks like to a lot of Traders eyes or
1:25an unexperienced Trader that doesn't
1:27know discipline you have no trading plan
1:29or or you have no system in play you
1:32don't even know what your risk
1:33management is you have a mental Theory
1:35or mental idea but you don't really have
1:37this systematically set out this is
1:39exactly what your account will look like
1:42where you will see slow incline and then
1:45drop another slow incline maybe more
1:48rapid and then instantly drop this is
1:51probably 80% of the Traders right here
1:53where you take a trade you get lucky you
1:56get another trade because you over
1:58traded or you got hotheaded you lost a
2:00little bit of it and then you say let me
2:01get back another trade you got lucky
2:03again and then the next trade you over
2:05traded and you lost all of it that is
2:07this Trader and this is what we're going
2:09to make sure you're not second Trader
2:11that we have is somebody that basically
2:12stuck with a trading plan until they got
2:14hotheaded this is also something that
2:16happened to me I basically took a $1,200
2:20account well technically not $600
2:22deposit and went all the way up at about
2:26200% um and it dropped right this is me
2:29sticking with a plan consistently
2:31sticking with a plan like all right look
2:33I got this I'mma to map it out and d d
2:34and as you guys see instantly just blew
2:36this account when you guys get to having
2:40a winning strategy a lot of things
2:43change as you guys see right here this
2:44is just a property that I invested into
2:47this is one of my content studios here
2:48in Chicago that I invested into thanks
2:50to trading but this literally happened
2:53literally six years in trading right
2:55going into 2023 more so tapping 2024 and
2:58so forth that's basically what this this
2:59is right here so this is what you will
3:03get once you understand my concept of
3:06trading we took this account literally
3:09from 4,000 going all the way up to 40
3:13but really $50,000 in this account and
3:15then we lost a little bit but the
3:17overall was 44,000 $40,000 it wasn't 50
3:20because we lost some money and I just
3:21took it all out but this is what I did
3:23live and I'm going to tell you guys why
3:25this all changed from the others the
3:27reason why I was able to accomplish this
3:29is because one I was live streaming and
3:32me live streaming helps me in so many
3:35ways it makes me stay disciplined to
3:37myself because if I am telling you guys
3:40everything I'm telling you now do not do
3:43but you guys see me doing it would you
3:45probably say this guy is a flock or you
3:49guys wouldn't even be vouching for me as
3:50much because you're like you not even
3:52preaching what you teaching so the fact
3:54is you guys were holding me more
3:57accountable than I was holding myself
3:58because if I speak something out loud
4:01and you guys hear it come out my mouth
4:02and I say I'm not getting this trade
4:03because it is it doesn't follow my rules
4:05and I get in it you guys will all hell
4:07come at me so let's talk about what is
4:11important here the very first thing as a
4:14Trader is you need to understand the
4:17trend and what I mean by the trend is
4:21the
4:21range there's the most important thing
4:25that a lot of Traders don't understand
4:27is look left there's data that you need
4:30to understand before you get to buying
4:32or selling anything and I always use
4:35this as a direction of understanding how
4:37to find this and this is the range right
4:40the range is the previous data known as
4:43the previous Trend known as where price
4:45was at to where price is at now so if
4:47let's say an Institutional or let's just
4:50say the America had pricing housing
4:54pricing at 100K and it went all the way
4:57up to 500k
5:01by the beginning to the end of the year
5:03and they realize nobody's buying
5:05anything because everything is expensive
5:08guess what they're going to do they're
5:09going to go off previous data meaning
5:11like okay where were we in the beginning
5:13of the year Well we were at
5:15$100,000 okay and we closed out this
5:18year at $500,000 so we realized that we
5:21increased price dramatically fast where
5:23everybody can afford it so what would be
5:25a way for us to bring this value down a
5:28bit get people interested and also let
5:30people know that the price did go to
5:32500k don't be mad if we get it to
5:34million dollars soon what can we create
5:36this balance in between guess what guys
5:38this is where equili comes in this is
5:40now where they're like all right we
5:41should bring it in between around by you
5:44mean like 250 so now prices drops to$
5:46250 but it would never drop to $100,000
5:49why would they do that it would never
5:50drop to $100,000 so price drops to$ 250
5:53when it does that now everybody's
5:54interested in buying it because they
5:56realized the price did go to 500k even
5:58though not many were buying but people
5:59were buying but not as many but we
6:01dropped 250 oh yeah I'm interested and
6:05then we buy it again and then they get
6:06in the market this is what a range is
6:09you need to understand the most recent
6:11range you have to go off the most recent
6:13range so if you look right here you see
6:15that we have a major High and a major
6:16low always wait for a major High SL a
6:19major low to break out with an engulfing
6:22candle known as a displacement candle an
6:25engulfing candle is just a candle that
6:27is covering the previous candle time two
6:30or it's just bigger than a previous
6:32candle time 2 so if you put those two
6:35candles together if you were to draw out
6:37a rectangle and you put those two on top
6:39of each other you will realize that if
6:41it's bigger than that that is an
6:43engulfing known as a displacement candle
6:45that just displaced the entire candle
6:48after that once price breaks a high this
6:50marks the beginning of a range so if you
6:53guys look right here you see that this
6:55is my high Market broke through with
6:57this candle right here now that that
6:59happened this becomes this low becomes
7:03the beginning of the range once price
7:06breaks a low this marks the end of the
7:09range since we're going up we're now
7:11looking for what we call a major low now
7:13if this gets very confusing to some of
7:16you guys I will be creating more videos
7:17on this so I need you guys to do me one
7:19huge favor comment down below please
7:22drop more like this with the fire Emoji
7:26so I will know you guys are here and you
7:28guys want to see more videos like this
7:29but major low once we create a major low
7:33right we have a low here we have a low
7:35here and we have a low here but notice
7:37Market never broke past this loow if it
7:40did then this would have been the ending
7:42of this range and this would have been
7:44where we would be using our Fibonacci
7:45which I'm going to break down in a
7:47little bit but we basically broke
7:49structure here this low here so this now
7:53identifies as this is the last point
7:57before it broke or after it broke this
7:59this is the last point after it broke
8:01structure and as you guys see Market
8:04broke through it now this marks our
8:06range and now we know that from here to
8:08here this is our range so now let's look
8:12at identifying the range like we did
8:14earlier we kind of understood how to
8:16find the range but more so identifying
8:19it so if you guys look point a is the
8:21starting point which I mentioned right
8:22here right we have our starting point
8:24which is this is the beginning of the
8:26range basically the a point is the
8:28beginning of the trend
8:30and it's the first low point before it
8:33breaks the previous High what I
8:35basically mean is if you look at this is
8:37our high right here in the moment we
8:39broke through with that displacement
8:41candle whatever was the most recent
8:44lowest point that is where you start
8:46your a point which is also the beginning
8:48of the range same thing applies just
8:51vice versa on the B point the B point is
8:54the end of the trend it's the last High
8:58move after it broke previous lows what
9:01the hell do I mean by that very simple
9:04notice right here this is our low we
9:06immediately broke through so since we
9:09immediately broke through our most
9:11recent highest point after it broke um
9:14low was here so this identifies the end
9:18of the range which is the B point of the
9:20market now if this is making sense to
9:22you guys I need you do me one huge favor
9:24like this video and like I said comment
9:26down below if you want to see more of
9:27this and if you want to get more in
9:29details with this you can tap into our
9:31board funded exclusive mentorship class
9:33that we're doing called take one solo
9:35trades that link is literally down there
9:37get in tune with that and you can get
9:38more exclusively into a lot of this
9:40stuff here so now with the trading tools
9:43it is where we start to look at
9:45different indicators to help us out like
9:48the Fibonacci the EMAs and so forth so
9:53the tools that we're going to be
9:54focusing on is going to be the 9 EMA
9:57which is the white and then also the 113
9:59which is the blue EMA these are going to
10:01be your Prime and then also the FIB
10:03retracement to help figure out where to
10:05take profit we're not doing 101's 10
10:07twos we're going to use the fibs to give
10:08us more accuracy and from there we can
10:11start utilizing 101's 10 tws if it
10:13applies once we identify that range
10:15which this is basically the range we
10:17then now wait on Market to pull back the
10:20moment it pulls back you're going to ask
10:22yourself when do I enter in the market
10:23we already know it's going up we're
10:25going to use the EMAs to figure out our
10:28actual entry model now there's two
10:30entries you could have took here which
10:31was one right here and the reason why is
10:33because we broke past this EMA which is
10:36this 9 EMA and we are above the blue EMA
10:41so we have to remain above the blue EMA
10:43and we have to close above the EMA white
10:46EMA which is the nine we also had an
10:48entry right here if you guys look this
10:50was another entry right here we had the
10:52EMA uh the price closing above the white
10:559 EMA also it was above the blue EMA
10:58which indic in case that this is still a
11:00strong uptrend either way it goes these
11:02two would have been perfect entries as
11:03you guys clearly see we could have put
11:05our stops and we will put our stops
11:06below this here and take on to taking
11:09this trade up here one thing you got to
11:11understand is the trend will will follow
11:14a break out what I mean by that is when
11:16you guys are following a trend it will
11:19break out and what I mean is simply the
11:22pullback once it pulls it will continue
11:25to go in your favor so always keep that
11:27in mind that it does we call a a a b and
11:31then a c it does a first Trend a pull
11:34and then a correction and that's
11:35basically very important to understand
11:37first identify the entry the entire
11:40range before looking for your setup so
11:44you need to understand the range first
11:46which was this and then once you
11:48understand the range you wait on the
11:49pull back which is this and then you
11:51look for that trade you always want to
11:52use the one hour or the 4H hour time
11:54frame at scale meaning like right here
11:56this is was the 1 hour scale you use
11:58that to get the bigger picture or the 4
12:00Hour to get the bigger picture and you
12:02can take your entry and then you enter
12:03on the market off of either the 5 minute
12:05or the 1 minute time frame and either or
12:08it does not matter you're still going to
12:10get your premium setups if you look here
12:12this is the setups that you guys want to
12:14implement for your rules first wait for
12:16New York opening always wait about 15 to
12:1930 minutes during New York opening this
12:20is very important because we want to
12:23make sure that we know where the
12:24direction of this trend is going is it
12:26going to go up is it going to go down or
12:27is it going sideways either way it goes
12:29we will know how to approach this and
12:31what we should and shouldn't be doing
12:32the next thing is then look for your
12:34Trend you must be able to identify the a
12:37point and the B point if you can't
12:39identify that then that just goes to
12:42show you're still somewhere around here
12:45and it's not a clear picture for you so
12:48now the next thing is then wait for
12:50price to create the three confirmation
12:52setup once it pulls back and that's
12:53something we're going to get a little
12:54bit more into once we go on the live
12:56markets then draw your Fib retracement
12:57from the a point to the B point Point
12:59use the FIB settings -27 - 618 really
13:03not the 71 you can use a67 but the - 618
13:06is more Prime to take your profit and
13:08then obviously then take your entry once
13:10price close above these EMAs that I
13:13mentioned now you guys understand the
13:14rules once again let's go more into the
13:16market and I'll show you guys how this
13:17looks as you see right here this is
13:19pretty much our session I want to show
13:20you guys how important it is to know
13:22what sessions you're in I'm using
13:24indicator called sessions basically it's
13:26just showing London London and New York
13:28and then all New York York so you don't
13:30need this but I just want to visually
13:32show you guys what I'm getting at so if
13:33you look we open on New York right we're
13:36coming in the market ready on New York
13:37I'm currently on a 1 hour scale and I
13:40just see that when we're going down
13:42let's say right here we identify we are
13:44dropping two ways to identify this is
13:46knowing where the moving average is at
13:49and the other way is to obviously look
13:50at the volume of each candle and look at
13:53the previous structure do you see it
13:55breaking past this previous low yes
13:57breaking past this previous low really
13:59not right now but this one we broke past
14:02and then the previous ones which is here
14:03we broke past as well so we know we're
14:05going down now what we're going to do is
14:08obviously sure we're going to cherry
14:10pick this a bit but you guys get the
14:11picture here is now we understand on a 1
14:14hour scale that we're dropping the first
14:17initial thing here is to identify the
14:20trend the beginning a point is right
14:23here why is that because we broke past
14:25this low the moment we broke past this
14:27low now we know where we're going so now
14:29it gets a little tricky because now
14:31we're like all right do I sell it now
14:33remember guys you don't sell it until
14:35you know when the trend is supposed to
14:36stop and we don't know that right now so
14:38we're just going to go ahead and fast
14:39forward this a bit and we see Market
14:41just created us a new high so we're
14:43going to go ahead and draw a line there
14:44so if the market decides to break past
14:47this High which is this line right here
14:49then we know this is our lowest point
14:52this will become our B point right but
14:54right now we don't see that so let's
14:56wait to see that actually happening so
14:58as you you see it didn't break past it
15:00it tipped it we need a displacement
15:02candle an aggressive candle so now since
15:04that didn't happen let's go ahead and
15:05look at our next new low or next new
15:08high which is right here let's see if we
15:10can get Market to break that so now you
15:11see huge displacement candle broke that
15:14so guess what this is our lowest point
15:16not here this is the lowest point after
15:18it broke through this what we call high
15:22now we mark this as our B point so now
15:25since this is marked as our B Point what
15:26we have to do is wait for our setup
15:29three confirmation setup guys three
15:31confirmation setup is you can look for a
15:32double tap you can look for liquidity
15:36grab or liquidity sweep you can also
15:38look for Candlestick that is the key
15:40element here in golfing candles and then
15:42the final thing is you always want to
15:44make sure it closes below our 9 EMA so
15:48let's go ahead and wait let's play this
15:50one safe and let's see this is how you
15:52guys will know in a
15:54nutshell pretty much where your TP
15:57should be and also in nutshell how far
15:59the market will pull so you can catch it
16:01at the right time before we do this
16:03we're going to draw fibs from the a
16:05point to the B point and we're going to
16:07use these red levels which is my - 27
16:10and then you guys seen it it said -76
16:12but you can use 618 as your TP levels
16:16right so all we're waiting for is
16:17displacement candles so we're waiting
16:19for candles to close we want aggressive
16:21candles to close remember we waiting on
16:24three confirmations we need three
16:25confirmations to confirm entry to be on
16:28the safe side once we get it we take our
16:30entry all right so let's just say let's
16:32say theoretically we wanted to take it
16:33here we see we got a double top it did
16:35close below our 9 EMA we got the double
16:38tap we also tapped above the 50% Mark
16:41also mainly the hit the the the main
16:43goal here is knowing exactly where we're
16:46at overall and we are going down so
16:48seeing that double top there is already
16:50set but regardless let's say we decide
16:52to enter with a short position here stop
16:54loss below above these highs and we want
16:56to take a profit here let's see what
16:58happens and as you you guys see the
16:59moment we did that immediately Market
17:02tapped in this area and it created what
17:04we call consolidation the reason why
17:07this happens off of Fibonacci is because
17:08these are mathematical equations based
17:10off of previous Trends based off
17:12previous data everything we're doing is
17:14all data related so the key here is for
17:17you guys to understand that when you use
17:19this same structure on trading like oil
17:21or even trading gold which is very
17:23lucrative and I talk about this in my
17:24live stream you guys will see how much
17:26money you can make and how much power
17:28you have over your account then your
17:30account having power over your mental
17:32and that's the biggest thing to this so
17:34now it's your turn now it's your turn to
17:36start this account with a funded account
17:38or you can do with a personal account if
17:39you guys decide to go ahead and use a
17:41funded account you can tap into take one
17:44solo trades program which is a
17:45mentorship and you get up to 50% as well
17:48on your discount for purchase any of the
17:49challenges once you purchase any of the
17:51challenges you're able to be a part of
17:53our mentorship which is only exclusively
17:55through bore funded Discord so don't
17:57forget to like comment if if you guys
17:59like this and also subscribe if you guys
18:00want to see more just like this other
18:02than that I appreciate that your boy
18:03solo see you guys in my next video peace

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