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The BEST 1 Minute Scalping Strategy — Transcript

by The Simple Trader · 295 words · 42 segments · language en · Watch on YouTube

Full transcript

  1. 0:00This is the best trading strategy I've
  2. 0:01ever discovered. The first thing you
  3. 0:02want to do is identify the trend.
  4. 0:04Clearly here we're making higher highs
  5. 0:05and higher lows. So, the trend is up.
  6. 0:07The next thing you want to do is
  7. 0:08identify a demand level since we're in
  8. 0:10an uptrend. In this case, we have an
  9. 0:11imbalance right here because we saw a
  10. 0:13pause before a continuation higher.
  11. 0:15Meaning that orders were not filled
  12. 0:17completely at this area due to how fast
  13. 0:19price accelerated to the upside. The
  14. 0:20last step is we now want to identify a
  15. 0:22clear low that rests just before that
  16. 0:24area of demand, which means that we have
  17. 0:25liquidity resting below that area and
  18. 0:28overlapping those previously unfilled
  19. 0:30orders caused by that demand level.
  20. 0:32Because of the overwhelming amount of
  21. 0:33orders resting in this area, we should
  22. 0:34see a move into this area and a sharp
  23. 0:36rejection. Otherwise, I just get out
  24. 0:38right away. So, let's take a look at
  25. 0:39what happens here. We're going to come
  26. 0:40down into that area. We're going to get
  27. 0:42a nice rejection candle here. We're also
  28. 0:44going to see an increase of volume in
  29. 0:46that area as well, which confirms that
  30. 0:47there are orders sitting there. Once I
  31. 0:49get that confirmation, I'll enter the
  32. 0:50position and keep my stop loss super
  33. 0:52small using just one ATR as my stop
  34. 0:55loss. And because we're in an uptrend, I
  35. 0:56will always target the most recent
  36. 0:57highs. Once price moves in my favor, I
  37. 0:59pretty much immediately put my stop loss
  38. 1:01to break even. So now I have zero risk
  39. 1:02on the trade. And now, let's watch what
  40. 1:04happens. Boom. If you want to learn more
  41. 1:06about order zones, leave a comment and
  42. 1:07check out my profile.

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