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I Made $10,000 with 1 Minute and 5 Minute Scalping! — Transcript

by The Moving Average · 866 words · 115 segments · language en · Watch on YouTube

Full transcript

  1. 0:00in this video I'm going to show you my
  2. 0:01last two trades on my funded account
  3. 0:03using 5 minute and 1 minute scalping
  4. 0:05I've covered this strategy countless
  5. 0:06times and I've actually used it to pass
  6. 0:08a funded account challenge I really want
  7. 0:10to keep this video short and sweet and
  8. 0:12get to the point so let's get into the
  9. 0:13first trade this is on a one minute time
  10. 0:15frame trading German 40 I have support
  11. 0:18and resistance marked up on a higher
  12. 0:20time frame we peaked Above This level
  13. 0:22and then slowly started to decline in
  14. 0:25this wedge pattern and I also saw the
  15. 0:27RSI trending down trading below that
  16. 0:29floating moving average and getting a
  17. 0:32happy trail signal right here to the
  18. 0:34cell side now looking at the price of
  19. 0:36German 40 we're sitting at about
  20. 0:39,450 which made me extremely
  21. 0:41uncomfortable taking a short position
  22. 0:43because we're looking at like Key Bank
  23. 0:45levels as support and resistance as a
  24. 0:47primary so
  25. 0:5019,500 if it rejected there then I would
  26. 0:53have probably held it for quite a bit
  27. 0:55longer but I just wanted to get in and
  28. 0:57out of the market this was a one:1 trade
  29. 1:00risking very little $500 on the account
  30. 1:03trade went against me after it broke out
  31. 1:05of this wedge but still stayed in a safe
  32. 1:07range as you can see my stop loss was
  33. 1:09here about one and a half points above
  34. 1:11that Peak right here which would keep me
  35. 1:13in the trade even with the spreads and
  36. 1:16within about 10 minutes the trade was
  37. 1:17over so this was a super quick scalp I
  38. 1:20also didn't want to be in a trade too
  39. 1:21long on this day because I had to pack
  40. 1:24up my stuff for a week-long trip to the
  41. 1:26hospital to get my gallbladder removed
  42. 1:28but because its strategy Wars and I
  43. 1:30wanted to compete for my team and add
  44. 1:32some points to the roster took this
  45. 1:34trade last Monday then if we switch to
  46. 1:36the 5 minute time frame and go back to
  47. 1:40today since I'm back in the office
  48. 1:42trading you can see right here this
  49. 1:43vertical line is New York open and you
  50. 1:46guys know that I like to have a bias for
  51. 1:48the day if it's trading below New York
  52. 1:50open we're looking for shorts if it's
  53. 1:52trading above we're looking for Longs so
  54. 1:54we had some weakness as the market
  55. 1:56opened up traded above New York open for
  56. 1:58a little while during to Tokyo session
  57. 2:01but as London session started we grabbed
  58. 2:03a little bit more liquidity and then I
  59. 2:05got a sell-side signal from the happy
  60. 2:06trail indicator and you can also see
  61. 2:09that the RSI was trending down so I knew
  62. 2:11that I can get a little bit of meat off
  63. 2:13of this again since the elections and
  64. 2:16the crazy Market volatility I'm super
  65. 2:19cautious with my trading and only
  66. 2:21risking about $500 per trade so this one
  67. 2:24as you can see was at 1 to 1.5 so it
  68. 2:26should have been about 750 but with
  69. 2:28spreads and everything it ended up being
  70. 2:30just over $600 probably could have gone
  71. 2:33for a 1 to two but 1 to5 is super
  72. 2:35conservative plus with how much of an
  73. 2:36uptrend we've been on lately short
  74. 2:38positions are few and far between and
  75. 2:41you should get out of them as quickly as
  76. 2:42you can if you're in profit money's
  77. 2:44money as you guys can see right here I
  78. 2:46had the same trade setup the only reason
  79. 2:48I had trading view up is because that's
  80. 2:49where the indicator signal Prints but I
  81. 2:51took the trade on trade Locker through
  82. 2:53funer Pro again 1 to 1.5 trade and as
  83. 2:57you can see right here these are my last
  84. 2:59few trades this was the one last Monday
  85. 3:01on November 11th and this was the one
  86. 3:04today still a little bit loopy after the
  87. 3:06surgery and in a lot of pain but got to
  88. 3:08get those points for my team so so yeah
  89. 3:10November 18th $692 just shy at that $
  90. 3:13750 for the 1.5 of risk reward and then
  91. 3:16one to one right here so $500 but
  92. 3:19overall you can see I'm up
  93. 3:21$9,746 so a win is a win if you guys
  94. 3:24want access to this happy trail
  95. 3:26indicator to trade exactly how I'm
  96. 3:28trading and to trade how thousands of
  97. 3:30other Traders are trading like me which
  98. 3:32you can see here in the testimonials
  99. 3:33every single day people are submitting
  100. 3:35winning trades using these strategies
  101. 3:36during strategy Wars you can copy
  102. 3:39exactly how they're trading their exact
  103. 3:41trade analysis on every single trade
  104. 3:44this is day in and day out thousands of
  105. 3:46Trades submitted every single day right
  106. 3:48now we're running a Black Friday special
  107. 3:50so all you got to do is click the first
  108. 3:52link in the description and then click
  109. 3:53this image right here and you guys are
  110. 3:54going to get yourselves a slamming deal
  111. 3:57with a chance for one-on-one coaching
  112. 3:59course so sorry if I'm a little bit low
  113. 4:00energy but I'm still recuperating from
  114. 4:02the surgery thanks so much for watching
  115. 4:04and I'll see you guys in the next video

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