YT YouTube2Text

YouTube2Text → Transcripts → Copy This Scalping Strategy, It'll make you a Millionaire Trader

Copy This Scalping Strategy, It'll make you a Millionaire Trader — Transcript

by tomtrades · 4,151 words · 584 segments · language en · Watch on YouTube

Open in transcriber Summarize with AI Download SRT/VTT

Full transcript

0:00I'm going to show you the exact strategy
0:01I use every single day to trade less
0:03whilst also making more money than ever
0:04just by doing the opposite of what 95%
0:07of traders do. And that's why it works.
0:08Just in this year alone, I've already
0:09made over a million dollars trading this
0:11exact strategy that I'm about to show
0:12you. And this strategy has around a 77%
0:14win rate with an average risk reward of
0:161.97. But you're probably thinking, if
0:18the strategy works so well, why are you
0:19sharing it for free? Well, first off,
0:20the strategy is pretty boring and
0:21actually takes a lot of effort to make
0:22work. But it's worked better than
0:23anything else I've ever tried over my
0:25past 6 years of trading. I know most of
0:27you watching this right now, probably
0:29I'm going to do the work required to get
0:30the results you want. You probably
0:31watched a couple other videos like this
0:33thinking that if I can just copy the
0:34strategy, it'll be easy. It'll be
0:36effortless. But yet, nothing changes.
0:38You learn more, but your results don't
0:40get better. This is because you conflate
0:41knowledge with understanding. The
0:43learning is in the doing. It is in
0:44having a journal, collecting data, and
0:46refining. What I'm about to show you is
0:48useless if you don't take action on it.
0:50If you don't use a journal to practice
0:52and find out how it works. So there's a
0:54journal in the link in description below
0:56in the Discord server. Just join there
0:58and you'll be able to access all my
0:59information and implement this exact
1:00strategy. And the second reason is that
1:02the best way to learn is to teach. This
1:04is why I make these videos. If you want
1:05to know something, you read about it. If
1:07you want to understand something, you
1:08write about it. But if you want to
1:09master something, you teach about it. So
1:11in this training, we're first going to
1:12cover some theory behind the strategy
1:14and why it works. We'll cover some
1:15orderflow and some auction market
1:17theory. We'll then go into the actual
1:18technical strategy, breaking it down
1:20step by step to give you the best
1:21understanding possible. And then we'll
1:23go through some actual trade examples
1:24that I've taken showing you in real life
1:26market conditions exactly how the setup
1:28can play out and then ending it with
1:29some implementation and some action
1:31steps for you to take so you can
1:32actually get the results you want. So in
1:34order to understand the theory behind
1:35the strategy, you first need to talk
1:37about why a bearish candle starts
1:39bullish and why a bullish candle starts
1:41bearish. You see the markets are moved
1:43by big institutions. These are the major
1:45players and they are always trying to
1:46enter at the best possible price.
1:48They're always trying to find fair
1:49value. So if a big institution is
1:51looking to take a buy position, they
1:52will first drive down price to create
1:55panic selling and a bunch of sell volume
1:57to be able to enter and be the
1:59counterparty for those sell orders. This
2:01will create liquidity for them to enter
2:03those buyer positions and then
2:04eventually drive price higher later on
2:06in the day. And so a simplified way to
2:08think about this is that in order to
2:10push bullish, we first have to push
2:12bearish. In order to push bearish, we
2:15first have to push bullish. And so you
2:17want to think about price action like an
2:19elastic band. It is a wrestle between
2:20buyers and sellers. The more you drive
2:22in a certain direction, the more likely
2:24there's going to be a pullback. As
2:26volume starts to decrease, price becomes
2:27a bit too imbalanced. Cuz in order to
2:29continue that bullish move and we need
2:31to collect some more energy in order to
2:33then again continue to drive up further.
2:35For example, for the day to be bullish,
2:37we first have to move bearish to create
2:39that daily bottom wick to create that
2:41sell volume for the big institutions to
2:43become the counterparty of those sell
2:44orders for them to be able to then step
2:46in and then drive price higher later on
2:48in the day. And most traders already
2:50know this. They already know how the
2:51market moves in cycles and they're
2:53trying to take these big expansive
2:54moves. But I simply do the opposite. So
2:56the core idea of this strategy is to
2:58understand how price action moves and
2:59how these big institutions participate
3:01in the market. But I do it in a
3:02different way than most traders think.
3:04I'm not trying to trade direction. I'm
3:05only looking to take temporary small
3:07reactions in price which can occur after
3:09these big expansion areas, these big
3:11overextensions in one direction as price
3:14needs to correct in order to push higher
3:16or reverse. But there's a high
3:18likelihood that there is going to be
3:19some type of correction. As going back
3:21to that mental model, price behaves like
3:23an elastic band. If you stretch too far,
3:25you'll then have a snapback towards
3:27balance. Price is always shifting from
3:29imbalance to balance and it's always
3:31trying to find fair value. So instead of
3:33trying to catch these big expansive
3:34moves where you have to align 10
3:36different things just to be able to
3:37catch one small part of that move, I
3:38just trade these little snapbacks and
3:40catch high probability reactions, not
3:43long trends. And it's designed for
3:44having that high win rate, that 77% win
3:46rate, but also having a high risk reward
3:49cuz it allows for a tight stop. And on
3:51average, these trades last only around
3:5210 minutes. So I can trade less just by
3:55trading these quick snaps while still
3:57having a high win rate and a high risk
3:59reward. because I found that the less I
4:01looked at the charts. The less I traded,
4:03the more money I made. And this strategy
4:04works consistently across sessions and
4:06different assets, it works on gold,
4:08currency pairs, and even equities. More
4:10specifically, I trade this in Asia and
4:11London session around the open of each
4:13of these sessions on gold and USD JPY.
4:16So, what actually do these small
4:17reactions look like in reality? So, what
4:19happens if price doesn't create that
4:21bottom wick? We don't push bearish first
4:23before that expansion. What happens if
4:25price opens and just immediately
4:26continues pushing bullish without any
4:28pullbacks at all? Well, what you tend to
4:30find is that later on in that candle, it
4:32tends to reject. This is actually a
4:34reversal signal. And for the last 6
4:35months of my trading, I've purely been
4:37focused on waiting for this
4:38overextension and just catching these
4:40small reactions. And the name for the
4:41strategy is called a candle behavior
4:43reversal. It is a timebased context
4:45dependent reversal setup that exploits a
4:48predictable correction following an
4:50overextension. I mainly use it on the
4:51hourly candle, but this can be used on
4:53the daily, the weekly as price action is
4:55fractal. So now let's go over step by
4:57step exactly how to use the strategy and
4:59find the best setups. Step one is just
5:01to define a middle time frame range.
5:03Okay, what do I mean by a middle time
5:04frame range? I'll be really clear on my
5:06definitions here. I define middle time
5:07frame by the past 5 to 12 hours of price
5:09action. I'm not talking about a specific
5:11time frame such as the hourly chart, 30
5:13minute, 15. I'm talking about duration
5:16of price action because every time frame
5:18shows the exact same thing just in
5:20different amounts of detail. I don't
5:21think about taking 10, 15, 20 p moves. I
5:24think about catching 10, 20, 30 minute
5:26moves and I became profitable when I
5:28started thinking in time. And so now
5:29that we identified what the middle time
5:31frame means, how do we identify if the
5:32condition is a range? And here's a
5:34pretty simple definition here. I
5:35identify a range as whether on average
5:38over those past 5 to 12 plus hours, how
5:41much we correct the previous move. So if
5:45we have a bullish impulse here, a
5:47bullish move in price action, is it only
5:4925% the upper half? Is it to 50% around
5:54the midpoint or is it over 50% to the
5:58bottom half? And you can even go further
6:00around, you know, over 100% you have a
6:02breaker structure against you. And so on
6:04average over those past 5 to 12 plus
6:07hours on the moves of market structure,
6:09how much are we correcting? But why do
6:11we want to identify a middle time frame
6:13ranging condition? Well, simply because
6:15we're looking for reversals. We're
6:16looking for small reactions in price
6:18action. So, we want to be trading in a
6:20condition that benefits that type of
6:23trade. If I was looking to trade
6:25continuations or I want to be in a more
6:28trending directional condition. If I
6:30want to trade small reactions in price
6:32action, I want a condition where on
6:35average we're just correcting back
6:36towards the mean. Most people think
6:38ranges don't have direction, but this is
6:40probably the easiest market condition to
6:41find direction. The direction is towards
6:43the midpoint of the range. And so, that
6:45leads us into step two. Now that we've
6:47identified a middle time frame range, we
6:49want to wait for a candle to overextend
6:52into the high or low of that range. And
6:54so I'll be really clear on my
6:55definitions again. I define an
6:58overextension within this middle time
7:00frame range as 20 to 30 minutes of price
7:04action moving in one direction without a
7:07pullback. And when I say pullback, I
7:10mean without a pullback towards 50%. So
7:13it could pull back around 10 15%. I
7:15don't define that as a pullback. I
7:17define a pullback that invalidates an
7:19overextension by pulling back to around
7:2150% or more. Again, why 20 to 30
7:24minutes? And so, I found over the years
7:25of collecting data, almost 6 years of
7:27trading, that for me, the best reversals
7:29happen around 30 minutes into the hour
7:33from 30 to 45 minutes after you have 20
7:35to 30 minutes of overextension on that
7:37hourly candle. This tends to be the
7:39highest quality setup and the data backs
7:41it up. So just to give you a quick
7:42example, I first identify that middle
7:45time frame range. I wait for an hourly
7:47candle to open within that middle time
7:49frame range here. I then wait for it to
7:51to immediately push and overextend into
7:53either the high or low of that of that
7:55candle. So around 20 minutes of price
7:57action here. And this is step two,
7:59waiting for this overextension cuz as we
8:01previously discussed, the main direction
8:04within this condition is towards the
8:06midpoint. So the further we go into the
8:09extreme into the higher low, the more
8:12likely it's going to reverse and pull
8:13back, especially when we're
8:14overextending without a pullback because
8:16price tends to get exhausted. And so
8:18again, that candle behavior to open,
8:19overextend, push into the upper half of
8:21that range to overextend and correct
8:23that previous move. And this is
8:24specifically focused on hourly candles
8:26are waiting for an hourly candle to open
8:28within a range for to overextend into
8:30the higher low. And an hourly candle can
8:32be broken down into two 30-inut candles
8:34or four 15-minute candles. The specific
8:37time I'm looking for the ex for the
8:39overextension to occur in is around the
8:42open and then for it to overextend and
8:44push in one direction, but just for 20
8:46to 30 minutes. So most of the time it's
8:49going to be around that 30 minute mark
8:50to around 45 minutes in. And we'll go
8:52into entries and timing a little bit
8:54later, but the highest quality trades
8:56around 37 minutes into the hour for me.
8:58And so now that we've defined that
8:59middle time frame range, we've waited
9:01for that hourly candle to overextend
9:02into the high or low of that range
9:04without a pullback for 20 to 30 minutes.
9:07Step three is to wait for an entry
9:09model. And there's a couple of entry
9:11models you can use based off the type of
9:13time frame you want to enter on. I
9:15mainly look to enter on the 1 minute
9:17time frame or the 5-second time frame.
9:20But my entry models are very consistent.
9:22It's always going to be off some type of
9:23shift of market structure. And this is
9:25by far the best entry model I've ever
9:27tried in my whole six years of trading.
9:30It's so simple, but it works. So, we'll
9:32go into detail on exactly how to use it.
9:34So, first off, if I'm trading on the one
9:37minute chart, I will take a 1 minute
9:39fractal shift. This is just defined by
9:41the one minute chart having a shift of
9:43market structure, but I'm looking to
9:45enter on the pullback after that shift
9:47to around 50% of that move. And I wait
9:51for a second shift within that 1 minute
9:53shift. This allows me to to avoid setups
9:56where price just immediately goes and
9:58takes out the high. But it also gives
10:00you another opportunity for a more
10:02aggressive entry because I've waited for
10:04the most recent structure to form the
10:05lowest time frame to align. Instead of
10:08placing placing my stop loss below the
10:10highest high, I can place it below this
10:12lower time frame high and enter with
10:14volume with the lowest time frame
10:16possible. Avoid these losses where price
10:18justly goes and takes out the high, but
10:20also trading with structure. I waited
10:22for a previous high to form. my stop is
10:23predicted and that's the one minute
10:25fractal shift. But there's also another
10:27entry model that I take. It's just a
10:28simple 5-second shift. So instead of
10:30waiting for a second shift within this
10:32one minute shift, I will take this
10:355-second shift on its own. Because what
10:37you have to understand is price is truly
10:39fractal. There will always be a smaller
10:42shift here before a bigger shift that
10:44forms. And you can either wait to take
10:47the entry on that fractal shift, that
10:50shift within that shift, or you can take
10:52the entry on that formation of that
10:54bigger shift, taking that smaller shift.
10:55And so we'll go through some examples a
10:57bit later, but exactly like how I'm
10:59looking for that Alley candle to open
11:00and overextend into the range high. I
11:03can also combine it with a lower time
11:04frame candle, such as a 15-minute candle
11:07opening, immediately pushing bullish for
11:09the first half here, and then having a
11:10second structure shift when it's
11:12overextended for it to correct and snap
11:14back. This is my second type of entry
11:16model is connecting 5-second market
11:19structure with 15-minute candle behavior
11:21or 5minute candle behavior sometimes as
11:23well. And so as a summary, you first
11:25want to identify a middle time frame
11:27range where we're correcting over 50% of
11:29the previous move over the past 5 to 12
11:31plus hours. You then wait for an hourly
11:34candle to open within that range for
11:36price to overextend immediately push
11:38into the high or low for around 20 to 30
11:42minutes of that extension.
11:44And then around 30 to 45 minutes into
11:46that hourly candle, you're waiting for a
11:49shift of market structure. Either a
11:51fractal shift, one minute structure with
11:545-second structure, or it can just be a
11:57a fractal shift by itself with, you
11:59know, a 50-minute candle opening,
12:00creating a topic first to then flip and
12:02push bearish using that exact same
12:03concept of the hourly candle. And you're
12:05just looking to catch the small reaction
12:06in towards 50% uh of this range here.
12:09It's just to catch these small little
12:11snapbacks in price action. And the
12:13takerit is always going to be set at 50%
12:15of the previous higher time frame move.
12:17So if I'm taking a reversal on this
12:19bullish overextension here, my stop will
12:22be placed above the previous high and
12:24I'll be targeting at 50% of this
12:26overextension. So just for our first
12:28example here, step one is to identify a
12:30middle time frame range. Over the past 5
12:33to 12 plus hours, on average, we've been
12:35correcting over 50% of the previous
12:38move. We're coming into then 50% of this
12:41previous high time frame move as well.
12:43And so what we want to do is wait for an
12:45hourly candle to open and either
12:47overextend into the lower half of this
12:49range or the upper half of this range as
12:52this is the range created by the
12:53previous bearish impulse. So this hourly
12:55candle opens and immediately pushes
12:57bullish here into the upper half of this
12:59previous range and we're approaching
13:01around the halfway point of the hour.
13:04We've had 20 minutes of price action
13:06moving in one direction without a
13:07pullback towards 50%. We've had that
13:09nice hourly candle overextension and
13:11waiting for that shift of market
13:12structure. What I tend to do is drop
13:14down onto either the 1 minute or the
13:165-second time frame and I'll look for
13:18the exact same thing, the hourly candle
13:20overextension just on either the 5m
13:23minute or the 15minute candle.
13:25Immediately push bullish. We've taken
13:27out the previous high here and we're
13:28making higher highs and higher lows on
13:30the second time frame. What we can do is
13:32just wait for a shift of market
13:33structure. So I look to wait for a 5m
13:35minute or 15 minute to create a top wick
13:37first to then flip creating that shift
13:39of market structure taking the entry on
13:41the brick of a previous low for this
13:43bearish example here. And I look to
13:44target around 50% of the extension. So
13:46we can see the 5minute candle flip and
13:49shift bearish taking out that low. You
13:51can potentially wait for a pullback
13:53towards 50% of that. But I just tend to
13:55enter on the breakout because these tend
13:56to be pretty high volume moves targeting
13:5950% of the overextension. On average,
14:01this does result in around a 1.5 risk
14:03reward. And as you can see here, takes a
14:05little while to play out, but we hit our
14:0650% area with that correction here of
14:08this overextension. For another example,
14:10this is a bit easier. We can see over
14:13the past 12 hours of price action, it's
14:14pretty obvious that we're in a range.
14:16When does price tend to push away from
14:18the highs and lows of the of the range?
14:20It tends to be around the second half of
14:22the hour here. around the second half of
14:25the hour. Around the second half of the
14:27hour, around the second half of the
14:29hour, again around the second half of
14:30the hour, immedately pushed in one
14:32direction, opened immediately pushed
14:33into the high. Opened immediately pushed
14:35into the high and then you have that
14:36rejection around that halfway point. And
14:38so this is the previous middle time
14:39frame bullish move here within this
14:41range. We're going to wait for an hourly
14:43candle to open here and extend into the
14:45lower half of this range. We can also,
14:47you know, refine our entry by looking
14:49for a AOY such as an such as an hourly
14:52level. But this is a really nice
14:54extension here. It's already been around
14:5530 minutes. So wait for price to come
14:57into our AOY and then around 30 minutes
14:59into the hour, we'll look for our shift.
15:01What you can also do is connect
15:0315-minute candle behavior with that
15:05hourly candle behavior. This is the
15:06halfway point of the hour. We've had
15:08this 15-minute candle immediately push
15:09bearish. And I kind of rely on five and
15:1215-minute candle behavior to time our
15:14entries very precisely. So we can see
15:15here the 15-minute candle is
15:17overextended. We have the 5minute candle
15:19open and overextend. And so what I'll
15:20do, I'll just I'll drop down onto the
15:22seconds time frame. I'll look at the
15:24five and 15-minute candle behavior. Wait
15:25for price to overextend against me and
15:28then look to enter on a second shift of
15:30market structure where we take out a low
15:32into taking a high. I look to align that
15:35with either a five or 15-minute candle
15:37with the entry on the brick of this
15:38high, stop below the previous low. And
15:40so we have this 5minute candle creating
15:42that top wick and then flipping. We have
15:44this 15-minute candle opening,
15:46overextending, pushing bearish for the
15:48first seven minutes, 8 minutes, and then
15:50and then around the the second half of
15:52that 15-minute candle, we're looking for
15:54the exact same behavior on the Alli
15:56candle. We've had the Alli candle open
15:58and overextend push bearish for the
15:59first half. And we're looking for the
16:00reaction towards 50% of this move in the
16:03second half. And this is how you get
16:04such good entries. You just align using
16:07the same concepts, but off different
16:09durations of price action. So waiting
16:10for that shift of market structure lined
16:12up with a 5m minute 50-minute candle
16:14behavior and this makes it really easy
16:15to time your entries and just targeting
16:1750% of the overextension ended up being
16:19a really nice trade. And so for our last
16:21example we're going to go over how to
16:22enter off a one minute fractal shift. So
16:24first let's break down step one which
16:25identify that middle time frame range.
16:27On average we're correcting over 50% of
16:29the previous move here. You know
16:31relatively rangebound. So we're in a
16:33nice mean reversion condition. We want
16:34to wait for price to come into either
16:36the high or low of that range. We can
16:38see that we're around the highs of this
16:39range here. And so then we wait for that
16:41hourly candle to open and it pushes
16:42bullish, continues to overextend into
16:44the high of that range. It takes a
16:46little while to overextend, but we have
16:47those 20 minutes of price pushing
16:48bullish. We can then wait for that shift
16:50of market structure. We had this
16:5150-minute candle open, immediately
16:53pushed bullish, take out the previous
16:54high. It's then flipped and pushed
16:56bearish, taking out this low. So that is
16:58a 1 minute shift of market structure.
17:00What we can do is just use our fib tool,
17:02wait for price to come into 50% of this
17:04previous move and wait for a reaction at
17:06that 50% area. You don't have to use the
17:085 seconds time frame to take a 5-second
17:10shift of structure. Let me explain. You
17:12can look at the 1 minute candle highs
17:13and lows and that will tell you
17:15everything you need to know about the
17:16second structure. We can see here that
17:18we've taken out this previous high. And
17:20so for that 5-second structure to shift
17:22bearish, we'd want to then take out this
17:24previous low. We can drop down onto the
17:265 seconds just for an example of that.
17:29We can see the high here. In order for
17:30this structure to shift, we can wait for
17:32price to break this low. And you can see
17:34this fractal shift where you've taken
17:36out this high and you've taken out this
17:37low and then you have this high here
17:39where you've taken out this high and
17:40then you look to take out this low. So
17:42you have that shift within that shift.
17:43So what you can do is actually put a
17:44stop order at the low of that candle.
17:46You can put your stop loss at the high
17:48of that candle. That would be the high
17:50of that 5-second shift. And you can look
17:51to target 50% of this extension here.
17:54That result in around a three risk
17:56reward 3.5. And we can see plays out
17:59pretty nicely. Does go a little bit
18:01further, but it is what it is. We're not
18:02trying to catch big moves, just small
18:04consistent reactions in price action.
18:05And so now that we've gone through the
18:06theory, the steps, and the trade
18:08examples, if you actually want to get
18:09results now, you have to take action.
18:11Nothing changes if nothing changes. So
18:13start journaling every single trade.
18:14Practice, back test, for test this, get
18:17experience because the learning is in
18:19the doing. And something that I haven't
18:20covered in this video because I didn't
18:21want to make it too long is correlation.
18:23Massively helps me time entries and
18:25direction. It boosts my risk reward
18:27quite a lot. So, you want to understand
18:28exactly how I combine correlation with
18:30this approach, watch this video next.
18:32But I hope you guys enjoyed this. I hope
18:33you find value. Take action. and I'll
18:35catch you guys in the next

About this transcript

This page contains the full transcript of Copy This Scalping Strategy, It'll make you a Millionaire Trader by tomtrades, generated from the public captions YouTube serves with the video. The transcript has 4,151 words across 584 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.

What you can do with it

Use the transcript to take notes, quote the speaker, build a study guide, generate a summary with ChatGPT or Claude via the YouTube Summary tool, or export it as a timed subtitle file with YouTube to SRT. You can also re-open it in the transcriber to translate the transcript into 100+ languages.

Free YouTube transcript tool

YouTube2Text is a free YouTube transcript generator — no signup, no daily limit. Paste any YouTube link and get the full transcript instantly, with timestamps, click-to-jump, translation to 100+ languages, AI prompts for ChatGPT, Claude, and Gemini, and exports to TXT, SRT, VTT, or Markdown.