The 1-Minute Fibonacci Scalping Strategy (That Actually Works) — Transcript

Full transcript

1. 0:00Imagine entering and exiting a trade
2. 0:02within 10 minutes and just being done
3. 0:04trading for the day. No indicators, no
4. 0:06guessing, just price action and a
5. 0:08Fibonacci tool on the 1 minute chart.
6. 0:11This strategy is fast, clean, and highly
7. 0:15accurate if you follow these rules. IFS,
8. 0:18this video is for you. And for those of
9. 0:20you that don't know, every single week I
10. 0:22make a personalized video response to
11. 0:24one of your questions in the comment
12. 0:26section down below. IFS asked, "Thank
13. 0:28you. Could you please make a video on
14. 0:30trading the 1 minute time frame? I
15. 0:31frequently get stopped out. Absolutely,
16. 0:33bro. Let's get into it. Most traders
17. 0:35think scalping means predicting the
18. 0:37start of a big move. That is a recipe
19. 0:40for frustration. The truth, scalping
20. 0:43should be about catching a tiny
21. 0:46predictable part of a move based on
22. 0:48structure and momentum. Here's what you
23. 0:50need for this strategy. the one minute
24. 0:53chart, a basic understanding of trend
25. 0:56structure, and a simple Fibonacci
26. 0:58retracement tool. That's it. No
27. 1:00indicators, no magic settings. So, why
28. 1:03does the Fibonacci retracement tool work
29. 1:06so well, especially for scalping?
30. 1:08Fibonacci levels are based on ratios
31. 1:11found in nature, like the 382, the 0.5,
32. 1:16and the 618. And for whatever reason,
33. 1:19markets tend to respect these zones.
34. 1:22They act like invisible magnets. Price
35. 1:25often pulls back to them before
36. 1:27continuing the trend. In this strategy,
37. 1:30we focus on the 0.5 to 618 retracement
38. 1:33range, also called the gold zone because
39. 1:36we are trading the markets and nature
40. 1:39prevails in all aspects of life. And
41. 1:41through all of my back testing, these
42. 1:43are the most consistent levels which
43. 1:46give you the best risk-to-reward ratio.
44. 1:48Now, here is the strategy. First,
45. 1:50identify a short-term trend. In a
46. 1:52downtrend, you're looking for lower
47. 1:54highs forming, and in an uptrend, you're
48. 1:57looking for higher lows forming. Then,
49. 1:59wait for a break of structure. That's
50. 2:01your signal that price may retrace
51. 2:03before continuing. Now take your
52. 2:05Fibonacci tool and draw from the last
53. 2:08lower high in a downtrend past the break
54. 2:11to the start of the retracement. Wait
55. 2:13for price to return to the 0.5 or 618
56. 2:17zone, the golden zone. Enter a trade in
57. 2:20the direction of the trend and exit at
58. 2:22the previous low or a high in an
59. 2:25uptrend. The strategy is super simple
60. 2:28and if you need a quick cheat sheet,
61. 2:29it's right here. Only trade on the one
62. 2:32minute chart. Trade with the current
63. 2:33micro trend. Wait for a break of
64. 2:36structure. Only enter on the 0.5 or 618
65. 2:39retracement. Exit at the previous swing
66. 2:41low in a downtrend and swing high in an
67. 2:44uptrend. And most importantly, if the
68. 2:46momentum stalls or you're trading the
69. 2:48wrong time, get out. All right. So, here
70. 2:50you can see EuroUSD, the most
71. 2:52manipulated pair of all time, still
72. 2:55holding a trend on the 1 minute time
73. 2:57frame. This is the setup. Make sure that
74. 2:59your charts on the one minute time frame
75. 3:00by selecting 1M on the top menu. Once
76. 3:03price starts a trend and rejects at a
77. 3:05specific level, you can already start
78. 3:07drawing your trend line. Once price
79. 3:09rejects the trend line, that's where you
80. 3:11want to start. This right here is known
81. 3:13as a break of structure. You take your
82. 3:16Fibonacci retracement tool from the top
83. 3:18of that move to the bottom of the move
84. 3:21and you wait for price to get into the
85. 3:23Fibonacci gold zone and you enter a
86. 3:26short position. You can even split the
87. 3:28difference and put a limit order. Your
88. 3:30stop loss is at the one level and your
89. 3:32take-profit is at the previous swing
90. 3:34low. This will always give you above a
91. 3:361:1 risk-to-reward and it'll usually end
92. 3:39up being a 1:1.5.
93. 3:41Ideally, you want to enter in on the 618
94. 3:44because it's going to give you the best
95. 3:45risk-to-reward ratio. The reason why my
96. 3:48price target is so low is because I'm
97. 3:50skeptical and I'm always assuming a
98. 3:53double bottom will form. So, we'll get a
99. 3:55bottom and a double bottom and price
100. 3:57will reverse. This is my safe bet. And
101. 4:00as you can see, this trade played out in
102. 4:02seven minutes. And sometimes all you
103. 4:04need is one good trade for the day and
104. 4:06you're done. But if you want to keep
105. 4:07scalping all day, you can continue on.
106. 4:09As long as price is holding the trend,
107. 4:12you keep trading it. You take your
108. 4:13Fibonacci retracement tool from every
109. 4:16single swing that broke structure. Look
110. 4:19for retracements to the Fibonacci gold
111. 4:21zone. Again, I really like entering on
112. 4:23the 618, even with a limit order, and
113. 4:25you're getting 1 to 1.5 risk-to-rewards.
114. 4:28The trades close usually within 10 to 15
115. 4:31minutes. And you're going to mark this
116. 4:33up for every single break of structure,
117. 4:36and you're going to try to take every
118. 4:38single one of them. Sometimes momentum
119. 4:40carries and it won't retrace to a fib
120. 4:43level. That's fine. If price continues,
121. 4:46you just mark the next break of
122. 4:49structure. You get into your short
123. 4:50positions at the 618 and you target the
124. 4:53previous swing low. And you keep doing
125. 4:56this until you get into a trade where
126. 4:59the price retraces to the 618 and you
127. 5:01get into a short position and you end up
128. 5:04getting stopped out. In order to do this
129. 5:06strategy, you will have losing trades.
130. 5:09But that's a good thing because it is
131. 5:11your signal to let you know that you
132. 5:14should be looking for the opposite
133. 5:15positions. Now, if you are going short
134. 5:18in a downtrend, you are now looking for
135. 5:20long positions. And that's okay because
136. 5:22if you took all of these trades in this
137. 5:24downtrend, you were up 6%, losing one,
138. 5:27taking you down 1% with a total profit
139. 5:29of 5%. Each one of these trades less
140. 5:32than 10 minutes, some of them so rapid
141. 5:34that they closed in 2 minutes. This is
142. 5:36scalping at its finest, and it's
143. 5:38something that I've been using for
144. 5:39years. This is my goto Fibonacci
145. 5:43retracement one minute scalping
146. 5:44strategy. And just so that you guys can
147. 5:46see, once you've gotten your stop-loss
148. 5:48hit on that losing trade, you start
149. 5:51going long. You start looking for those
150. 5:52breaks of structures and retracements to
151. 5:55the Fibonacci gold zone. You enter in
152. 5:57your long positions and you start
153. 5:59following the new uptrend. And if you
154. 6:01guys are curious about my Fibonacci
155. 6:03retracement tool and the settings, you
156. 6:05have the start and the end as well as
157. 6:08the Fibonacci gold zone and Fibonacci
158. 6:11extensions if you want to trailing
159. 6:13stop-loss your trades writing the
160. 6:15momentum of the trade. Here are my
161. 6:17settings. All you do is draw up your
162. 6:19Fibonacci tool, hit the settings icon,
163. 6:22and change it to what I have here on
164. 6:24screen. And if you want a full video on
165. 6:26this, let me know in the comments
166. 6:28section down below. And if you're still
167. 6:29struggling getting into a trade because
168. 6:31you keep secondguessing yourself, go
169. 6:33check out our new earn as you learn
170. 6:36program where we provide you the trade
171. 6:38setups so that you can see what good
172. 6:41trades look like and feel like to make
173. 6:44those profits. And while you're
174. 6:46executing those trades, you can learn
175. 6:48about day trading. So now you don't have
176. 6:50to wait 6 months until you can start
177. 6:51trading. You can do it from day one as
178. 6:54you're learning. Check out the earn as
179. 6:55you learn program at trdfloor.com. I
180. 6:58hope this video helped you guys out. And
181. 7:00if you have questions that you want
182. 7:01answered in a video response, put them
183. 7:03in the comment section down below.
184. 7:05Thanks so much for watching and we'll
185. 7:06see you in the next one.