5 minute Scalping Strategy (Sniper Entries) — Transcript

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1. 0:00So, I've been doing this overnight range breakout  strategy starting in London session and a lot of
2. 0:05people have questions or want like better entries.  So, what I'm going to do is I'm going to give you
3. 0:09a strategy. I'm going to give you set rules that  you need to follow the indicator that you need to
4. 0:13use and how many times this has played out in the  last 30 days. All right. So, the indicator that
5. 0:17you're going to want to use is called Happy Trail.  It's a paid indicator. You can get access to it by
6. 0:21clicking the first link in the description or just  go to trdfloor.com. Now, if you look at the chart,
7. 0:26I'm at GMT+1 or UTC+1. That is my time zone. So  basically from my time 1000 p.m. until my time
8. 0:339:00 a.m. is what I deem the overnight session  when New York session is over and London session
9. 0:38starts. That whole range I put a block around it.  All I do is just make my rectangle tool and draw
10. 0:43it around the highs and lows and the width of  that range. Now to make this visually simple,
11. 0:48there's a free indicator called simple sessions  by TTF. Just add that to your charts and then
12. 0:53unselect all of the sessions and make your own  userdefined custom session. I have the time zone
13. 0:58set for my time zone and I have it from 9:00  a.m. till 10 p.m. That creates this red block,
14. 1:03which leaves this black one, which is my overnight  range. And basically, what I'm looking for is the
15. 1:07first happy trail signal, either buy or  sell. If it breaks out below the range,
16. 1:12we sell. If it breaks out above the range, we  buy. All I'm looking for is if price breaks
17. 1:17out below this range, I'm looking for the first  sell signal from Happy Trail. And I enter that.
18. 1:23And I'm shooting for a 1:2 risk-to-reward ratio.  This type of setup requires lots of momentum and
19. 1:28does not happen every day. Over the last 30 days,  it's only happened four times, but every single
20. 1:33one of those four times, it's played out.  So, if you get a 1 to2 risk-to-reward and
21. 1:37you make 2% profit on every trade four times in a  month, you're up 8%. I'd be happy with that. Now,
22. 1:44I have not back tested this for the entire year.  That is my caveat. This type of buyell indication
23. 1:48after that breakout range is what's working for  the last 30 days. So, this example right here,
24. 1:53we have our overnight range. Price broke out to  the upside. We have a happy trail buy signal. 1
25. 1:58to2 riskto-reward. We have our overnight range.  We broke out to the downside. We ignore the buys
26. 2:03because we broke out below. We enter in on the  sell signal. 1 to2 risk-to-reward. Winning trade.
27. 2:09Then you basically went two weeks without a trade  entry, which is fine because you're making money.
28. 2:13Overnight range broke out to the sell side. Ignore  the buy signals again. Enter in on the happy trail
29. 2:20sell signal. One to two risk-to-reward 2% profit.  And the last one that happened, overnight range,
30. 2:25broke out to the sell side, happy trail  signal, stop-loss, 2% take profit. Now,
31. 2:30the settings for the happy trail, there are four  different cases. I used case 4. That's it. If you
32. 2:36guys enjoyed this video or got some value out of  it, make sure you drop a like on your way out.
33. 2:39If you want this indicator, go to trdfloor.com.  If not, just watch the rest of my videos. I talk
34. 2:43about awesome breakout strategies and scalping  and Fibonacci retracements. Have a good day.