5 Minute Scalping Strategy Improved — Transcript

Full transcript

1. 0:00if you've been struggling with your five
2. 0:02minute scalping this video is going to
3. 0:05substantially help you because I'm gonna
4. 0:07show you a way to look at multiple time
5. 0:10frames to get a better profit Target
6. 0:13[Music]
7. 0:18welcome back to the channel everybody my
8. 0:20name is Artie and this is the moving
9. 0:22average a show where we discuss
10. 0:23everything day trading to keep you
11. 0:25profitable on a consistent basis so
12. 0:27recently I asked you all to email me
13. 0:30video suggestions and a fast majority of
14. 0:34you guys were asking about this say
15. 0:36you're trading on the five minute time
16. 0:38frame and everything is showing a
17. 0:40downtrend but then when you look at a
18. 0:42higher time frame it's the opposite so
19. 0:45what I mean by that is on the one hour
20. 0:48time frame the price is above the 200
21. 0:51period moving average and on the five
22. 0:53minute it's below what do you do both
23. 0:55are contradicting one another I'm gonna
24. 0:57do my best to explain when you should
25. 1:00enter and where your profit Target
26. 1:02should be let's get into the charts okay
27. 1:05so just a quick recap for those of you
28. 1:08that don't already know I like to use
29. 1:10the 21 period moving average the 50 and
30. 1:14the 200. this show shows me if it's
31. 1:17strong trending above above the 21 or if
32. 1:20it's starting to reverse starting to
33. 1:22cross through these moving averages
34. 1:24going towards the 200 and then breaking
35. 1:27through that to the downside showing a
36. 1:29new downtrend you can clearly see right
37. 1:31here and right here the price was making
38. 1:33higher highs and on the RSI it was
39. 1:36making lower highs showing us a
40. 1:38Divergence right here and then it
41. 1:40started cascading through the moving
42. 1:42averages this is all on a five minute
43. 1:44time frame so as the price broke through
44. 1:47the 200 came back up to retest it
45. 1:49rejected it and started going down we
46. 1:52show a strong downtrend on the five
47. 1:54minute time frame so at this point you
48. 1:57can either enter in on this candle after
49. 1:59it closed once it rejected the 200 or if
50. 2:02you want to be safe and secure you could
51. 2:04have done this huge red candle but when
52. 2:07you switch to a higher time frame like
53. 2:09the 15 minute and when it comes to using
54. 2:12two different time frames you want to
55. 2:14stay relatively close to one another so
56. 2:16if you're are trading the five minute
57. 2:17you want to check the 15 minute if
58. 2:19you're trading the 15 minute you want to
59. 2:22check the one hour if you're trading the
60. 2:24one hour you want to check the four hour
61. 2:26or the daily those larger time frames
62. 2:28are more swing trading oriented meaning
63. 2:31that you're going to hold the trade for
64. 2:33multiple days so this is where a lot of
65. 2:35people get concerned they saw that
66. 2:36Divergence on the five minute they
67. 2:38confirmed that Divergence on the
68. 2:4015-minute chart but technically we're
69. 2:42still in an uptrend because it's sitting
70. 2:44above the 200 period moving average so
71. 2:47when doing this multi-time Frame
72. 2:49analysis your price Target your profit
73. 2:53Target for your trade should always be
74. 2:56relatively close to the 200 period
75. 2:58moving average so technically this is a
76. 3:01counter Trend trade on the 15-minute
77. 3:04time frame but on the five minute chart
78. 3:08it's actually trading with the trend but
79. 3:10like I always tell you guys counter
80. 3:12Trend trading is dangerous so if it's a
81. 3:15counter Trend trade on the 15-minute
82. 3:17time frame the higher time frame but
83. 3:20it's with the trend on the five minute
84. 3:22time frame what should your price Target
85. 3:24be ding ding ding that's correct the 200
86. 3:27period moving average on the higher time
87. 3:30frame that area is right here so if we
88. 3:35take this area as our price Target on
89. 3:37the 15 minute time frame and take it
90. 3:40back to the five minute after these two
91. 3:42large rejection candles of that 200
92. 3:44period moving average you can get into a
93. 3:47short position with your stop loss at
94. 3:50that 200 period moving average on the
95. 3:52five minute time frame targeting the 200
96. 3:55period moving average of the 15 minute
97. 3:58time frame that gave you a one to two
98. 4:00risk to reward ratio and you had
99. 4:02multiple confluences telling you that
100. 4:05you had a Divergence on the five minute
101. 4:06as well as Divergence on the 15 minute
102. 4:09chart and targeting the 200 period
103. 4:12moving average of the 15 minute chart
104. 4:15while still in a downtrend on the five
105. 4:18minute chart I really hope that made
106. 4:20sense I don't know how else to explain
107. 4:23it actually I do know how to explain it
108. 4:25better so looking at the higher time
109. 4:28frame let's just say the one hour you
110. 4:30can see we are in a nice fat downtrend
111. 4:32you draw your trend line so overall you
112. 4:35can see we are in a big downtrend but if
113. 4:38you think about a lower time frame
114. 4:40fitting inside of a higher time frame
115. 4:43every time the price starts going up in
116. 4:46this overall downtrend this small little
117. 4:49section right here is a smaller time
118. 4:52frame uptrend so the rule of trading
119. 4:55with the trend Still Remains priority
120. 4:58number one you are trading with the
121. 5:00trend on the time frame that you're
122. 5:02trading for example the five minute but
123. 5:05you are also aware of the overall trend
124. 5:08on the higher time frame so if you're
125. 5:10trading this in the five minute and
126. 5:11you're showing a strong uptrend always
127. 5:13look at the higher one on the one hour
128. 5:15to make sure that you understand that
129. 5:17the overall larger time frame is still
130. 5:21going down I really hope that this gave
131. 5:23you a little bit more clarification on
132. 5:25looking at different time frames when
133. 5:26they're contradicting one another and I
134. 5:28want to thank all of you for sending me
135. 5:30all of the video request emails I got a
136. 5:33lot of great ideas and I want to give
137. 5:34you guys value in every single video
138. 5:36that you watch here on this channel so
139. 5:39if you do still have a question please
140. 5:41email me right here that's also linked
141. 5:44down below now if you guys want to learn
142. 5:45more about this five minute scalping
143. 5:48strategy you can watch this video right
144. 5:50here where I cover it in depth so if you
145. 5:52learn something new or you had that aha
146. 5:54moment spark make sure you're dropping a
147. 5:57like on these videos to help out the
148. 5:59algorithm subscribe if you haven't
149. 6:01already and we will see you in the next
150. 6:03video thanks so much for watching