10 pips is All You Need #scalping — Transcript

Full transcript

1. 0:00in this video I'm going to explain why
2. 0:0210 Pips is all you need out of your
3. 0:04trade you don't have to try for a
4. 0:06hundred pip move even a 20 pip move I'm
5. 0:09going to show you why on every single
6. 0:12entry 10 Pips can get you to become a
7. 0:15millionaire in day trading
8. 0:18[Music]
9. 0:19welcome back to the channel everybody my
10. 0:21name is Artie and this is the moving
11. 0:23average a show where we discuss
12. 0:25everything day trading to keep you
13. 0:26profitable now I do not want to waste
14. 0:28any of your guys's time this is going to
15. 0:30be a super short video Let's jump into
16. 0:32the charts and I'm going to show you
17. 0:33what 10 Pips looks like right here I've
18. 0:35drawn out a measuring tool this is a 10
19. 0:38pip box up and down starting at this
20. 0:40blue line and coming down to here so I
21. 0:42am now going to make a orange rectangle
22. 0:45I'm going to delete the rest of
23. 0:47everything else that I have on here
24. 0:48whether Market is going up or whether
25. 0:51Market is going down there are multiple
26. 0:53areas where you can enter in your trades
27. 0:55when price rejected the trend line again
28. 0:57you could have gotten 10 Pips right
29. 0:59there when price broke the trend line
30. 1:01you could have easily gotten 10 Pips
31. 1:02right there when price broke this
32. 1:05previous level of support you could have
33. 1:07got 10 Pips right there even in areas
34. 1:09where price is consolidating you can
35. 1:12easily get 10 Pips even if price breaks
36. 1:14that previous level right here you could
37. 1:16have gotten 10 Pips on that one Wick
38. 1:18just by by chance that thing Wicked into
39. 1:21your profit and no it wouldn't have hit
40. 1:22your stop loss if you had a one-to-one
41. 1:24any type of higher low or higher high
42. 1:26break-in Market structure areas of
43. 1:29consolidation 10 Pips you can literally
44. 1:31get anywhere in this market and this is
45. 1:33on a five minute time frame so maximum
46. 1:36you're looking at like an hour-long
47. 1:37trade so if you think about lot sizes
48. 1:40and Pips if you trade a 0.01 you're
49. 1:42making 10 cents per pip if you're
50. 1:44trading a 0.10 you're making one dollar
51. 1:47per pip and if you're trading one
52. 1:49standard lot you are getting ten dollars
53. 1:51per pip so if you place one trade at one
54. 1:54standard lot and you get 10 Pips you
55. 1:56made a hundred dollars that's
56. 1:58substantially more than minimum wage and
57. 2:00it literally took you 30 minutes to an
58. 2:02hour sometimes 20 minutes now if your
59. 2:04account size is big enough or you're a
60. 2:06funded Trader you can place five trades
61. 2:09and within that ten Pips like all five
62. 2:12trades entered in the exact same time
63. 2:13just boom boom boom boom boom all five
64. 2:15of those trades have a take profit of 10
65. 2:17Pips you made 500 dollars once all five
66. 2:20of those trades close you can do the
67. 2:21exact same thing and do 10 trades so you
68. 2:23made a thousand dollars when all 10 of
69. 2:26those trades close at 10 Pips profit
70. 2:28conversely if you have poor risk
71. 2:30management and can go against you and
72. 2:32you can equally lose as much money but
73. 2:34if you are waiting for structure you're
74. 2:36waiting for bounces off of trend lines
75. 2:37you are waiting for breaks and retests
76. 2:40you are waiting for liquidity pool areas
77. 2:43you're waiting for divergences you're
78. 2:45waiting for Fibonacci gold zones you're
79. 2:47waiting for all of those price action
80. 2:49candle entry formations you can easily
81. 2:52get 10 Pips and you will lose some
82. 2:55trades but your win rate will be higher
83. 2:57if you wait for those good setups for
84. 2:59example you guys have seen me trading
85. 3:01the 20 pip Challenge on my Twitter
86. 3:03account I've been posting images and all
87. 3:06of my trades about it and I've started
88. 3:08to actually just do 10 pip increments so
89. 3:12instead of going for one trade that's 20
90. 3:13Pips I will go for two trades for 10
91. 3:16Pips each giving me 20 Pips into total
92. 3:19getting me to the next level on the 25th
93. 3:21Challenge and if you guys do not know
94. 3:23what a pip is let me give you a quick
95. 3:25refresher but you need a lot of work if
96. 3:28you're watching this video If price
97. 3:30right here at
98. 3:310.67600 where this orange line is if the
99. 3:35price goes down 10 Pips the price will
100. 3:38be
101. 3:390.67500 you basically go from the fourth
102. 3:42decimal point this tiny little move it's
103. 3:45literally from here to here that's 10
104. 3:47Pips that can happen in seconds and you
105. 3:50can make a thousand dollars in seconds
106. 3:52proper risk management making sure you
107. 3:54have a big account size if you want to
108. 3:56scale your account start with twenty
109. 3:58dollars and grow it to fifty two
110. 4:00thousand it's super high risk it teaches
111. 4:02really really bad risk management and
112. 4:04horrible habits that are extremely hard
113. 4:06to unlearn but if you want to learn how
114. 4:08to do that watch this video right here
115. 4:10if you got some value out of this video
116. 4:11make sure you're dropping a like And
117. 4:12subscribe if you have not already thanks
118. 4:14so much for watching and we'll see you
119. 4:15in the next one