Best Scalping Indicator **EVER** — Transcript

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1. 0:00a lot of you guys are just getting into
2. 0:01trading and you don't have a lot of
3. 0:03money to spend to get started a lot of
4. 0:05you guys don't want to spend money on
5. 0:07indicators a lot of you guys just want
6. 0:09to learn to trade the free way and some
7. 0:11of you really hate the fact that I use
8. 0:13paid indicators on this channel so here
9. 0:15is a free way to get the best entries
10. 0:18for your FIB retracement trades you guys
11. 0:20already know how to use FIB retracements
12. 0:23I've taught it 500 times on this channel
13. 0:24but I'm going to show you one more time
14. 0:26you want a big impulse move you want to
15. 0:28drag your fiber Trac tool from the top
16. 0:30of the swing to the bottom of the swing
17. 0:31in a downtrend and from the bottom of a
18. 0:33swing to the top of a swing in an
19. 0:34uptrend you're going to drag it out and
20. 0:36you're going to want the price to
21. 0:37retrace anywhere between the 382 and the
22. 0:40618 the stronger the trend the shorter
23. 0:43the retracement now a lot of you guys
24. 0:44are struggling with where to get in in
25. 0:47this retracement what is the best entry
26. 0:49is it a candle formation or do you
27. 0:51summon the powers of Nostradamus to
28. 0:53determine when the price is going to
29. 0:54continue moving down here's a free
30. 0:56solution for you look at the top toolbar
31. 0:58on trading view click on these candles
32. 1:01right here scroll down until you see
33. 1:03hike and ashy candles click that once
34. 1:05you do that and price has retraced to
35. 1:08any of these Fibonacci levels I want you
36. 1:10to enter only on these candles with no
37. 1:14upper Wick this is a good one this is a
38. 1:17good one and this is a good one keep in
39. 1:20mind that the deeper the retracement the
40. 1:22better your risk to award is going to be
41. 1:25this is a 1: one this is a 1: 1.9 and
42. 1:28this is a 1: 4 the a safest Target for
43. 1:30these Fibonacci trades is where price
44. 1:33extended the most the zero level reason
45. 1:35being is cuz we might make a double
46. 1:37bottom conversely in an uptrend we would
47. 1:39make a double top but if it does break
48. 1:41through these levels you're looking for
49. 1:43FIB extensions to the ne .5 and the Nega
50. 1:46618 so by taking these trades and
51. 1:48holding them a little bit longer you
52. 1:49could potentially get a 1 to three now
53. 1:51every time price moves and breaks out of
54. 1:54previous structure you take another FIB
55. 1:56tool from the bottom to the top wait for
56. 1:58price to retrace and get in on the first
57. 2:02hik and ashy candle with no Wick your
58. 2:05target is always going to be here that's
59. 2:07going to be your safest one where you
60. 2:08can move your take profit to break even
61. 2:11or cash out 50% of your trade however
62. 2:14you want to set up your risk and then
63. 2:16you can shoot for the moon and get those
64. 2:18Fibonacci extensions and just so that
65. 2:20you guys have my FIB settings they are
66. 2:22right here I have them all white except
67. 2:24for the 0.5 I have red I have the 0o the
68. 2:270.5 the 1 the 0.6 68 the
69. 2:310.382 the negative 0.5 the negative 1
70. 2:35and the negative 0.618 this is all
71. 2:38you're going to need ever I really hope
72. 2:40this video helped if you guys enjoyed
73. 2:41this video and you want more information
74. 2:44on this type of trading please leave a
75. 2:46comment down below and we will see you
76. 2:48in the next video