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The ONLY 1 Minute Scalping Guide You'll Ever Need — Transcript

by The Moving Average · 5,065 words · 720 segments · language en · Watch on YouTube

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0:00price only does one of three things and
0:03if you know those three things you can
0:05trade any time of day and any market
0:08conditions. This is going to be a series
0:11of full deep dive low timeframe scalping
0:16using three different trading strategies
0:19based on what market is doing. Now the
0:22three things that the market does.
0:24Market either goes up, market either
0:27goes down or market goes sideways. Now
0:30this sounds simple but it is extremely
0:32important and it will determine what
0:34type of trading strategy you use at any
0:37given time. So let's get on the charts
0:39and I'm going to show you from A to Z
0:42how to identify how to mark up your
0:45charts, what to trade when and on what
0:48time frame. Okay. On the chart, we have
0:50EuroUSD. This is on a 1 minute time
0:53frame. You can do this on 1 minute and 5
0:56minute. We are only focusing on tiny
0:59short scalping moves. When you get on
1:02the charts, the first thing that you
1:04need to do is learn how to identify
1:06market structure, the way that price is
1:09moving. The best tool I found for this
1:11is the brush tool. All you have to do is
1:14go on your charts and draw lines
1:17zigzagging up or down on every single
1:21swing that you can see instead of
1:22focusing on individual candles. This
1:25allows you to see market structure
1:28without the noise. If you go into your
1:30settings and remove visible candles, now
1:33you can see market structure without any
1:36of the wicks, the spikes, the drops,
1:39anything. Here you can identify uptrends
1:42as well as downtrends. Let's keep the
1:45candles off the charts for a second and
1:47let me show you the basic psychology
1:50behind Fibonacci retracements. As you
1:53can see, we identified a downtrend here
1:55because the line is going down. And
1:57because we measured these lines based
1:59off of what price was doing, we don't
2:01need to see price anymore. So if we take
2:04our Fibonacci retracement tool and draw
2:06it on these levels, you can see that
2:09when price is trending in a direction,
2:11it will retrace usually to a Fibonacci
2:14gold zone and then continue in the
2:16direction of the trend. As price keeps
2:18going and continuing to break structure,
2:21it will retrace again in the opposite
2:24direction to the Fibonacci gold zones
2:26and then continue down. Now, this is me
2:28drawing Fibonacci tools on a zigzag line
2:32based on what price was doing. And as
2:34you can see clearly, without any of the
2:36noise of the price, you can identify
2:38market structure and take advantage of
2:40Fibonacci trading. Now, the more you
2:43practice drawing up market structure on
2:47these highs and lows, the better you
2:50will become at identifying areas where
2:53price is going up, price is going down
2:56or staying flat. The more you do this,
2:59the more you will see. You can see here
3:02clearly price is going up and you can
3:04see here clearly that price is staying
3:07flat. Now, sometimes price stays flat in
3:10the middle of the day, but it's not very
3:12common. The time when price stays flat
3:15the most is going to be the overnight
3:18session or the Tokyo session. Europe is
3:20asleep, America is asleep, and the only
3:23active participants in the market is
3:25Tokyo, New Zealand, Australia, and they
3:28have a much lower population than the
3:31rest of the world. So, volume and
3:33volatility is lower. drawing a box
3:36around these ranges where price does not
3:39want to make a higher high or a lower
3:42low. Price is simply consolidating in
3:45one bundle. It has a range from high to
3:48low. You may think this is childish to
3:51draw zigzag lines and boxes around
3:53price, but it will help you clearly
3:56identify trending price up, trending
3:58price down, and areas of a
4:00consolidation. Now, the three trading
4:02strategies that I'm going to show you is
4:05going to be the Fibonacci retracement,
4:07RSI divergences, and breakout trading.
4:10And instead of making separate videos
4:12where some of the signals may contradict
4:14each other, I'm going to show you how I
4:16incorporate all three of these in my day
4:19trading so that you can better
4:20understand how my head works when I'm
4:22trading as well as how I'm able to
4:24determine trades based on any market
4:27conditions when I'm interested in
4:28getting into a position and when I'm not
4:30interested in getting into a position.
4:31Now, there is something very important
4:33that you need to know when looking at
4:35low time frames, but I'll get to that in
4:37just a second. But as you can see here,
4:39we clearly have a strong range and then
4:42price broke out. And using a 1:1.5
4:45risk-to-reward ratio, you can get some
4:47good scalps out of the market with
4:49proper risk management. You can also use
4:52Fibonacci retracements when price is
4:54trending in a specific direction. also
4:56with a 1:1.5 risk-to-reward ratio.
4:59Keeping risk management in check while
5:01you're actively reading current market
5:03structure and changing time frames
5:06between the 1 minute and 5 minute is
5:08going to help you identify when market
5:11structure or the trend is beginning to
5:14die off. We will do that by identifying
5:17divergences between the RSI and price
5:20where price has bearish momentum but the
5:23RSI is showing a dying off of the
5:26momentum or dying off of interest to
5:29keep going in that direction. So in the
5:31next video the first thing that I want
5:33to cover is breakout trading because
5:35it's one of the most powerful and heavy
5:38momentum moves that can happen in day
5:40trading. Thank you so much for joining
5:42me today. I hope this video sheds some
5:44light on how easy it is to actually
5:47identify market structure because a lot
5:49of people struggle with it because
5:50they're over complicating things.
5:53Breakout trading is one of the most
5:55powerful methods in day trading. The
5:58reason is because as price is
6:00consolidating and going sideways, it is
6:03collecting orders from both sides. Both
6:06buyers and sellers are getting stuck.
6:08And then as it breaks out, whatever
6:11losing team is stuck gets stuck there
6:14forever or loses their money, which adds
6:17more strength to the direction of the
6:20breakout. So, in this video, we're going
6:22to go over breakout trading, how to
6:24identify areas of consolidation, and how
6:27to actually trade these, and where to
6:29put your stop-loss when you are trading
6:31these breakouts. So, let's get into it.
6:34Now, if you watched my previous video,
6:36the intro to this series, we discussed
6:39areas of consolidation. To identify
6:41areas of consolidation, you must find an
6:44area where price failed to make a higher
6:47high in an uptrend or failed to make a
6:50lower low in a downtrend. So, as you can
6:53see on this chart, price was making
6:56higher highs and higher lows, and then
7:00it failed to make a higher high, and
7:02then it failed with this wick to make a
7:05lower low. So, what I want you to do is
7:08take your rectangle tool, mark where it
7:11failed to make a higher high, and mark
7:14where it failed to make a lower low, and
7:16drag this box out until price breaks
7:20that structure that you had previously
7:22drawn. Now, the first thing that I want
7:24you to understand about ranges and
7:27consolidation is that there is buyers
7:30and sellers both active during this
7:33range. Now, if we take our GAN box tool
7:35and draw it on the consolidation range
7:38that we just drew, we can clearly
7:40identify where the sellers are
7:43interested in the red zone and where the
7:45buyers are interested in the green zone.
7:48Because the simplest way to explain the
7:50interest of buyers and sellers is that
7:52buyers buy low and sell high. Sellers
7:57sell high and buy back low. So in this
8:00range sellers are selling at the top and
8:03buyers are buying at the bottom. These
8:06wicks are lots of active sellers on the
8:09top and these wicks on the bottom are a
8:12lot of active buyers pushing the price
8:15up buying at the bottom. Now once we get
8:18a candle closure outside of this range
8:21that means that the strength and
8:23determination of one side either buyers
8:26or sellers have won this war of
8:29consolidation. Once that candle breaks
8:31out we enter in a trade with the
8:34stronger side. We are not fighting the
8:36current here. We are scalping the market
8:38in the direction of the winning team.
8:40And your stop loss is going to be that
8:44midpoint because if it comes back to the
8:47midpoint that means we're back in that
8:49range of consolidation and you don't
8:51know who's going to win the war. Then
8:53temporarily one side will take over the
8:57other side. That's why if you run a
8:591:1.5 risk-to-reward ratio, you can
9:02still capture these tiny movements
9:05outside of these consolidation ranges
9:07with having good risk-to-reward without
9:10over-risisking or waiting for a
9:12monumental trend trade that goes on for
9:16hundreds of pips in one direction. No,
9:18that's not the point of scalping.
9:20scalping is taking advantage of where
9:23market is moving and the momentum that
9:25is taking it there quickly. This trade
9:28ended in seven five-minute candles,
9:30basically a half an hour. And one of the
9:32cool things about periods of
9:34consolidation is that once price fails
9:36to make a higher high or a lower low and
9:38you mark up that zone, until price
9:41breaks out, you should not be interested
9:43in any trades inside of that zone. So,
9:46what you can do is go on your Trading
9:48View chart and add an alert at the top
9:51of the range and add an alert at the
9:53bottom of the range. That way, when
9:55price breaks out high or low, you'll
9:58know, cool, now I can look at the
10:00markets. In the meantime, I can mow my
10:03lawn or fold my laundry. You know, you
10:05have a pile of socks laying around that
10:07need to be folded. Consolidation ranges
10:09can happen at any time of day. One of
10:12the most important things that you need
10:13to realize is if you see a double top or
10:16a double bottom assume a period of
10:18consolidation. Failures to continue
10:21market structure, higher highs and
10:23higher lows in an uptrend or lower lows
10:25and lower highs in a downtrend makes the
10:28buyers and sellers skittish. These are
10:30also areas where a lot of liquidity is
10:32collected in the markets because in
10:34order for a trend to continue, let's say
10:37bullish, there needs to be a lot of
10:39sellers that the buyers are going to
10:41pick up their orders from. So, in
10:43tomorrow's video, I'm going to be
10:45covering bullish and bearish market
10:47structure, how to identify those, and
10:50how to trade the tops and bottoms of
10:52these market moves using RSI
10:55divergences. I hope this video gave you
10:57some clarity on periods of consolidation
10:59and how to trade the breakouts of these
11:02consolidation zones.
11:04The trend is your friend is the most
11:06common phrase heard in day trading. And
11:08in this video, I'm going to show you how
11:10to identify the tops and bottoms of
11:13these trends using RSI divergences on a
11:17lower time frame like the one minute or
11:19the five minute. because there's one
11:21thing that most people don't look at or
11:23don't understand when they're
11:25identifying their trends. If you missed
11:27yesterday's video, we covered breakouts
11:30of consolidation zones. And now we're
11:32going to discuss how to identify bullish
11:35and bearish trends. Now, the simplest
11:37way to do this is using your brush tool.
11:40You will draw zigzag lines on the highs
11:43and lows of price based on what you see.
11:47the highs and lows of these swing
11:50structures. This is going to help you
11:52clearly identify where price is going
11:55without getting so caught up in each
11:58individual candlestick because once
12:01you've drawn your zigzag line, you can
12:03actually remove the candles from your
12:05chart. All you got to do is click hide
12:06and now you have a clear view of what
12:09market structure is. If price is going
12:11down or if price is going up. Now,
12:14hopefully you can see this more clearly,
12:16but we have price going down and we have
12:19price going up. Now, identifying higher
12:21highs and higher lows, this is crucial
12:24because if we break a higher high in an
12:26uptrend, that's a break of structure. If
12:29we break a lower low in a bearish trend,
12:33that's also a break of structure. And
12:35the easiest way to do this is again
12:38using the brush tool. You're going to
12:39mark out a low and a high. If price
12:43continues down to break this previous
12:45lower low, closing below that previous
12:48structure and then retracing, these are
12:51your higher highs and higher lows, not
12:54these. As price fails to create a new
12:58lower low, the trend is most likely
13:01over. This low did not go lower than
13:03this low. So, this is now a higher low.
13:06And then we have an additional higher
13:08low and we have an additional higher
13:10high. Now, what I want you to do is
13:12practice drawing these zigzag lines on
13:15all of the market structure that you can
13:17see at any time. Because what ends up
13:20happening is that you no longer see the
13:22noise of the candles, but you're able to
13:25see more clearly the trend and stop
13:28focusing on these individual green or
13:31red candles or yellow and white like I
13:33have. I just want you to find the pivot
13:35points and be able to identify them
13:37better because if you can clearly
13:39identify bearish market structure,
13:41you'll be able to more clearly see when
13:44that trend is starting to die off. For
13:46example, we have our bearish market
13:49structure, lower lows and lower highs.
13:51Something happened here that caused
13:53price to spike up. Now, if we look at a
13:56momentum indicator like the RSI, you can
13:59see that on the RSI, anything that is
14:02around the 30 range means that the
14:04momentum is extremely bearish. Not that
14:07it's going to reverse at that point, but
14:09that the sellers are in power. And as
14:11you can clearly see, the RSI can stay
14:14oversold for a very long time and
14:16continue that downtrend with a lot of
14:18momentum. That is why I like the RSI
14:20because it shows me what direction the
14:22momentum is. But now if you look at the
14:24market structure and find that lower low
14:27and the last lower low, you can then
14:29look at the RSI and you can determine
14:32that the momentum is beginning to die
14:35off. Momentum dying off in bearish
14:38market structure means that the sellers
14:41are no longer interested in selling.
14:43They've run their leg of the race.
14:45They're extremely tired and they're done
14:47with selling. Once sellers are done with
14:49selling, who's going to take over? The
14:52buyers. they've been waiting for seller
14:54exhaustion so that they can take the
14:56price in their direction. Being able to
14:59identify these RSI divergences if you
15:02are trading with the trend is going to
15:04get you out of your bearish trend trade
15:07the whole time and let you know that the
15:09opposite direction is more than likely
15:12to take effect. So at this point once
15:14you see these divergences you can take
15:16long positions and keep your stop loss
15:19at that previous structure because you
15:21know if price makes a lower low then
15:25that bearish market structure is going
15:27to continue. And again targeting a 1 to
15:291.5 you can actually anticipate these
15:32small pullbacks in price because this is
15:34a lower time frame. We're not actually
15:36looking for these gigantic swing trades.
15:39We are simply trying to take a piece of
15:40the market when there is clear signs of
15:43exhaustion of the trend. Failure to
15:45continue market structure, failure to
15:48break the structure. A loss of momentum
15:50is your greatest indication to know to
15:53get out of a trade and or enter the
15:55opposite trade. So just to add a little
15:58bit more spice and seasoning to this
16:01strategy because I know some of you are
16:04identifying this lower low. This is a
16:06part of my secret sauce that when I
16:09trade divergences, I'm looking for a
16:11very specific setup. Not any divergence,
16:14but I want two diverging points where
16:17the first divergence is outside of the
16:227030 range, the standard range of
16:25overbought and oversold. And then I want
16:27the next point to be within that 7030
16:32range. That is my highest indication
16:36that price has already lost its momentum
16:38to the sell side for this regular
16:40bullish divergence. And I can
16:42comfortably take a trade based on the
16:45first bullish candle. And if you do
16:48that, your riskto-reward is much better,
16:51but getting your 1 to 1.5 is a much
16:54easier trade. Now, in tomorrow's video,
16:57I'm going to show you how you can
16:58actually trend trade better by using
17:01Fibonacci retracements and actually
17:03trade with the trend and enter in on the
17:06best points of those trend pullbacks. So
17:09hopefully you now understand why
17:12momentum and the dying off of momentum
17:15is so crucial to understand when you're
17:18looking at market structure because you
17:20don't know just based on price how much
17:23further that trend is going to continue.
17:26But if you have a momentum indicator
17:27like the RSI, you can see when there is
17:30a loss of momentum and that is your
17:33first warning sign that trend might be
17:36over.
17:37Fibonacci trading is basically trading
17:40the psychology of the markets. If this
17:44iPhone costs $1,000 and then went on
17:47sale 60% off and you could buy it for
17:51400, you would jump on that opportunity.
17:54The same thing happens when price is
17:57making market structure, bullish market
18:00structure. Every single higher low is a
18:03discounted price where buyers are more
18:05interested in getting in and continuing
18:08that trend. So, let's jump into the
18:10charts and I'm going to show you how to
18:11trend trade like a master. Now, in
18:14yesterday's video, I showed you how to
18:16identify RSI divergences to find the
18:19tops and bottoms of these trends. But
18:22how do you actually trade these trends
18:24and get multiple positions and multiple
18:27successful trades during a trending
18:29market? Now, the easiest way to identify
18:32market structure is by using the brush
18:34tool. Mark up higher highs and higher
18:37lows and then stop looking at your
18:41candles. You can actually hide them if
18:43you want. Now, bearish market structure
18:45is lower lows and lower highs. Every
18:48time a lower low gets broken and creates
18:51a continuation lower low, these are the
18:54ones that you want to identify as your
18:56main higher highs and higher lows, not
18:59all the noise in the middle. We're only
19:01focusing on lows, not even focusing on
19:05the higher lows. All we want to see is
19:09breaks of structure. Every single one of
19:11these pink lines is a break of the
19:14previous lower low. Now, because we know
19:17that price is making lower lows, price
19:20is continuing to break structure, we
19:22know that we can Fibonacci retracement
19:25trade successfully during this entire
19:28trend. Now, the Fibonacci retracement
19:29tool is the third icon down on your left
19:32toolbar. When you draw on your charts,
19:34it's going to look different if you've
19:36never changed the settings. I like these
19:38settings the best. Here they are. You
19:40can take a screenshot if you want to
19:41make yours look exactly like mine. Now
19:43zooming in, when price breaks previous
19:47structure and starts retracing, you can
19:49draw your Fibonacci retracement tool
19:52from the top to the bottom of the move
19:56that broke structure. This is known as
19:58an impulse move. An impulse move breaks
20:02previous structure. And what I want you
20:04to do when you are trading this way and
20:07you know that market structure is
20:08bearish to get the highest
20:10riskto-reward. I want you to create
20:12pending orders. Your pending orders are
20:15going to be in the Fibonacci gold zone.
20:18Keep in mind the earlier entry the worse
20:21your risk-to-reward. If you enter at a
20:230.5 Fibonacci retracement and your
20:26take-profit is at the end of the impulse
20:28move and your stop loss is at the
20:30beginning of the impulse move, you will
20:32have a 1:1 risk-to-reward ratio. If your
20:35entry is at the 618, you will have a
20:371:1.6 risk-to-reward ratio, which is
20:41much better. Sometimes your pending
20:42orders might not get tagged in, but
20:45that's okay because this is the best way
20:47to do it because this is the highest
20:49risk-to-reward. The reason why we target
20:52the bottom of the impulse move is
20:53because we do not know for sure if price
20:56will make a new lower low, but we can
20:57almost assume that price will make a
21:00double bottom if the trend is dying. So,
21:02a nice safe take-profit is the bottom of
21:05that impulse move. And you will do this
21:08on every impulse move that broke the
21:10previous structure. And you will have
21:12your pending orders ready at the 618
21:14retracement. And you can see in this
21:16trend, we did not get tagged in many
21:19times along these retracements. But
21:22because we're smart and we want the best
21:24risk-to-reward, we were able to capture
21:26two wins and one loss out of here. So if
21:28your risk-to-reward is 1 to 1.6, you got
21:313.2% for the winners and minus 1% for
21:34the one loser. That gives you a net
21:36profit of 2.2%. So, with or without the
21:39candles, if you draw your zigzags to the
21:42exact highs and lows of the wicks,
21:44you'll be able to see more clearly
21:46without the anxiety of every single
21:49pullback candle that you can now trade
21:52with the trend successfully. But the
21:54most important thing is being able to
21:56trade with the trend on the pullbacks to
21:59get the highest risk-to-reward. And if
22:01you really want to go crazy, you can
22:03actually hold these takerits until you
22:06can clearly see that the market trend is
22:08over and we are no longer making higher
22:10highs and higher lows. That's a huge
22:13incredible risk-to-reward ratio. So
22:16hopefully this video gave you a cleaner
22:18look without all the noise of how to
22:21trade with the trend with the highest
22:23probability for success, the best entry
22:25points, and the best riskto-reward.
22:29In today's video, we're going to be
22:31putting it all together. RSI
22:33divergences, Fibonacci retracements, and
22:36breakout trading on a one minute and
22:39five minute time frame. I want to show
22:41you how I scalp the markets multiple
22:44times per day based on what price is
22:46actually doing. I'm not analyzing higher
22:49time frames. I'm only focusing on that
22:51one time frame and what price is doing
22:53right now. So, let's get into it. Now, I
22:56want to go over the trades that I saw
22:58happen on Wednesday, October 7th. If you
23:01guys are on my Telegram group or have
23:03watched my previous videos, you've seen
23:04that I've been doing a 30-day challenge
23:06with you guys trading the overnight
23:08breakout session strategy. The concept
23:11is very simple. The Tokyo session has
23:14lower volatility and less participants
23:17in the market because the rest of the
23:19world is asleep. All banks in Europe,
23:22all banks in America, not functioning.
23:24So my theory is that this should be
23:26drawn as an area of consolidation even
23:28if it does trend in a specific direction
23:31and then at a specific time if price has
23:34a five-minute candle that closes outside
23:36of that range I enter in in the
23:39direction of that candle. This example
23:40right here we had a 5minute candle
23:42breakout of the Tokyo session range and
23:44I'm assuming that the market will
23:47continue in that direction for a
23:49majority part of the day. So, I enter in
23:51my short position and my stop loss is
23:5550% of the value of the Tokyo session
23:59and I don't put my stop loss halfway
24:00between. I measure the range. We have 28
24:03pips. So, my stop loss is 14 pips and my
24:06takerit is two times the risk. Now,
24:09because that is my bias for the day now
24:12that I've entered in a trade, I am now
24:14looking for trades to get into in
24:17confluence with that in that same
24:20direction. So, let's zoom in and get in
24:22on a lower time frame. We can now
24:24identify that price is trending down.
24:27And when [clears throat] price is
24:28trending down, it will have pullbacks in
24:30the opposite direction. So, if I take my
24:32Fibonacci retracement tool and start
24:34measuring once price pulls back more
24:37than 33% of the impulse move, I'm
24:40looking to get in at the Fibonacci gold
24:42zone, entering a short position at the
24:45618 retracement with a stop-loss at the
24:48top of the impulse move, getting me a
24:501:1.6 risk-to-reward ratio. Another
24:54confluence with this trade was seeing a
24:55rejection candle and a powerful momentum
24:58candle once it rejected off of the 200
25:00EMA, which is why I have it on my charts
25:02all the time because it helps me
25:05visually realize that the trend is in
25:07that direction. So, that's trade number
25:09one. That's trade number two. Now, I'm
25:12waiting for a continuation of the trend
25:14and pullbacks. And again, I'm not
25:17drawing my Fibonacci retracement tools
25:19until price has reached 33%
25:22retracements. Then I set my pending
25:24orders. And every time price breaks
25:27structure, I keep looking at pullbacks
25:30to the Fibonacci gold zones. all the
25:32while in my main trade, but being able
25:34to scalp the markets on these pullbacks
25:37to increase the number of trades that I
25:39have and increasing the probability that
25:42I will end the day with multiple good
25:44risk-to-reward high probability trades.
25:47Now, once our original take-profit got
25:49hit right here, we already had two
25:52successful trades. And you can see that
25:54on the 1 minute time frame, this trend
25:57has been going on for a very long time.
25:59You don't want to keep trading Fibonacci
26:02retracements forever. You want to get
26:04two, three, maybe four solid moves out
26:07of a single trend because eventually the
26:10trend dies off. And you can identify
26:13die- offs of trends using a momentum
26:16indicator like the RSI. You can see we
26:18made a low right here and a lower low
26:21right here. Whereas the RSI shows a loss
26:24of momentum. A loss of momentum means
26:27that the sellers are no longer
26:29interested in keeping pushing that price
26:31down. Once the sellers lose momentum,
26:35the buyers are more likely to take over.
26:37So, we shouldn't at this point be
26:40looking at Fibonacci retracement trades
26:42that are bearish. Because if you measure
26:44this last Fibonacci tool, you can see
26:47that we got a good entry at the
26:49Fibonacci gold zone, but price did not
26:51want to make a new lower low because the
26:54sellers are no longer interested in
26:56pushing the price down. So, not only are
26:59you looking at the RSI for divergences,
27:01you have your bias based on what the
27:04breakout was of the Tokyo range because
27:07what I've seen statistically is that
27:09price tends to continue in the direction
27:11of the breakout for a majority of the
27:13day. So if you already have your bias
27:16for the day and you are trading a
27:18breakout of the consolidation range, you
27:20can use Fibonacci retracements to scalp
27:23the market on the way down of your bias.
27:26And using the RSI, you can identify when
27:30you should be no longer looking for
27:32those Fibonacci retracements in your
27:35bearish bias because the momentum has
27:38died off. And the great part about the
27:39RSI divergence is that then you can
27:43start trading in the opposite direction.
27:45You get an RSI divergence, you get a
27:48rejection candle with a wick and a
27:50strong bullish candle. You can now enter
27:52in a long position with your stop loss
27:56at the structure because you know that
27:58if the structure is broken again, your
28:00theory or your assumption on this trade
28:03is null and void and again targeting a 1
28:06one.5. So you can even scalp your way
28:09out of that downtrend. Basically your
28:13last trade of the day because you know
28:15momentum is dying off. So you can just
28:17take a little piece of it. Even if it
28:18goes back up to the moving average,
28:20you're still safe with your
28:22risk-to-reward and you're not
28:23anticipating a huge swing trade. So in
28:26this one single day during the trend, we
28:29didn't take any opposite trade signals.
28:31And we had three successful scalps out
28:34of the market. one of which was massive
28:36because it was a breakout trade. And
28:37this is how you should set your day up
28:39trading every single day. You should
28:41have your bias and you should trade
28:44Fibonacci retracements in accordance
28:46with that bias. And you should know when
28:49your trading day is over because I don't
28:51want you trading bearish all day,
28:54getting one bullish pullback, and then
28:56thinking that the trend and market
28:58structure is going to completely reverse
29:00from there because that's not
29:01statistically likely. Trends hold for a
29:04very long time. Pullbacks happen.
29:06Momentum dies off. But then price
29:08consolidates. You've got a couple of
29:11good trades. You traded one solid trend
29:13on a lower time frame. You scalp those
29:15moves. You're in. You're out. And you
29:18can wait for the next day. This takes a
29:20lot of stress, energy, brain power to
29:23sit on these charts, wait for these
29:25retracements, and look for all of these
29:27signals. So after two, three, four
29:29trades, dude, I don't want you to trade
29:32anymore after that. You've already used
29:34all of your brain power and ability to
29:37control your emotions during a very
29:39stressful time, risking real money. And
29:41now you can chill, do some chores, other
29:44obligations, and wait for the next day
29:47to create a new bias. Hopefully you guys
29:50enjoy this little video series of mine
29:51where I break down how my brain works
29:55when I'm trading these three strategies,
29:57how I implement all three every single
30:00day, and now you know how I put all of
30:02them together. I really appreciate you
30:04guys taking the time to watch this video
30:06series. So, thank you so much for
30:08watching. I really appreciate you guys
30:10and I will see you in the next

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