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The Only Trading Strategy I’ve Used For 7 Years (Stupid Simple) — Transcript

by Jdub Trades · 6,029 words · 848 segments · language en · Watch on YouTube

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0:00I've been trading for the last 7 years
0:02and I spent countless hours along with
0:05thousands of dollars on education and
0:07courses. And the result was I kept on
0:09losing trades consistently and blowing
0:12numerous accounts. And after losing
0:15everything, I finally decided to rebuild
0:18my entire process from scratch and
0:21develop a proper system and strategy.
0:24Now I'm able to make consistent profits
0:26in the market and trade full-time for a
0:30living. In today's video, I'm going to
0:32share with you my exact system and
0:34strategy that is very simple to
0:36understand. It doesn't require any fancy
0:39indicators and is repeatable. Then I'm
0:42going to share with you real examples on
0:45the charts. Let's get into it. So, as
0:48you can see right now, I have my trading
0:50statistics pulled up here for the first
0:53two weeks of February. As you can see,
0:55I'm up $67,000
0:57for the month. 66% trade win percentage,
1:0112 wins, six losses, profit factor of
1:04$3.45.
1:06Day win percentage of 77% with an
1:09average win to loss ratio of 1.72.
1:13As you can see, this is what my P&L
1:15graph looks like. And these are my
1:16trading statistics. As you can see, I'm
1:18up $55,000
1:20for week number one. Week number two, up
1:22$12,000, putting me up $67,000
1:26for the month. And in today's video, I'm
1:28going to share with you my exact
1:29strategy along with three setups that I
1:32use on a consistent basis to help me
1:35achieve these results. I do want to
1:36mention that I've been trading for close
1:38to seven years and I lost for years in
1:40the markets in order to achieve results
1:42like this. So now with this being said,
1:44let's go over the basics of my strategy
1:47and then we're going to hop right into
1:48the charts and I'm going to show you
1:49guys live examples that I took in real
1:52time to show you guys exactly how to
1:54execute the strategy. So now let's talk
1:56about the bare bones of my strategy. And
1:58what I personally trade is something
2:00called the break and retest. The break
2:03and retest is something that I
2:04personally use every day. And all we're
2:06doing is looking for the reaction around
2:08key levels. We're essentially trying to
2:10capture trends in the markets. And
2:12within the break and retest, there are
2:14three primary setups that I look for,
2:16which I'm going to talk about in today's
2:18video and setups that I use on a
2:20day-to-day basis. And all we're doing,
2:22as I mentioned, is looking for the
2:24reaction that we have off of key levels.
2:26So, let's say price is pushing towards
2:28upside. We have a key level of
2:30resistance. Now, if we can break above
2:32this key level of resistance, retest
2:34this level, we can be looking for
2:36continuation towards upside. So all
2:38we're doing is looking for this previous
2:39level of resistance to turn into support
2:42for continuation higher. Let's say for
2:44example price pushes towards the upside
2:47and we end up breaking back underneath.
2:51So let's say for example this level was
2:53not used as support and we actually
2:54break back underneath this key level of
2:57resistance. Then we can be looking for
2:59the retest back towards the downside. So
3:01as I mentioned all we're doing is
3:03looking for the reaction around key
3:05levels. If the market wants to trend
3:06higher and hold market structure, we can
3:08be looking for upside. If the market
3:10wants to break back underneath key
3:11levels and start downtrending, then we
3:13could be looking for downside. So now,
3:15with this being said, let's go on to the
3:17three setups that I use on a day-to-day
3:19basis. I'm going to show you guys plenty
3:21of examples on the charts, and then I'm
3:23going to be showing you guys live
3:24sessions to tie it all together. Let's
3:26get straight into the setups. So, the
3:28three simple setups that I'm going to be
3:30talking about today is number one, the
3:32previous day high/ previous day low
3:34break and retest. Number two, the
3:36opening range retest. And number three,
3:38the order block retest. So, these three
3:41are by far my favorite setups within the
3:43break and retest. There are plenty more
3:45different setups within the break and
3:47retest system, but these are the three
3:49primary ones that I use on a day-to-day
3:51basis. So, these are the ones I'm going
3:52to be talking about in today's video.
3:54So, the first setup we're going to talk
3:55about here is the previous day high/
3:58previous day low break and retest. And
3:59all we're doing is looking at its
4:01previous days price action. You can do
4:03this on the daily chart. I personally
4:05like drawing these levels and areas on
4:07the 15 minute and 1 hour time frame, but
4:10essentially based off the daily chart,
4:11all we're doing is mark out the high and
4:13we're marking out the low on its
4:14previous day and we're dragging it over.
4:16So, this is what it's going to look like
4:17here on the 15-minut time frame. We can
4:20mark out the high and we can also mark
4:22out the low. And these areas are very
4:24key because there's lots of liquidity
4:26resting above and below its previous day
4:29key levels. And all we're doing when
4:31trading the previous day high and
4:32previous day low break and retest. Let's
4:34say we're trading the upside and price
4:36opens up right in the middle of the
4:38range. We're going to be looking for the
4:39break above our previous day highs
4:41retest for continuation towards upside.
4:44This is one scenario that we could be
4:45looking for. Of course, once we break
4:46above, we can be looking for
4:48continuation above our previous day
4:49highs with a stop underneath. Another
4:52possible long scenario is going to be
4:54the retest off of our previous day lows.
4:57And we could be looking for a reversal
4:59trade off our previous day lows for
5:01continuation higher. So this is more of
5:03a reversal setup, but similar thing. We
5:05can be looking for the bounce off our
5:07previous day lows for a continued push
5:08back towards the upside with low risk
5:10underneath our previous day lows. So
5:12these are our two scenarios for the
5:14upside. And the exact same thing applies
5:16to the downside. Let's say for example
5:19price you want to see continue lower.
5:21The continuation setup, we need to see
5:22the break retest underneath our previous
5:25day lows for this continuation lower.
5:27What we can be looking for here is a
5:28short underneath our previous day lows
5:31and we can be looking for continuation
5:33towards the downside. Another possible
5:35scenario here is if price comes up and
5:37towards our previous day highs, rejects,
5:39we can be looking for continuation lower
5:41as well. We can have a stop just a break
5:42above and we could be looking for
5:44continuation back towards the downside.
5:46And these are two scenarios that could
5:47be trading towards the downside. So as
5:49you can see right here, we have a few
5:50scenarios. We have two scenarios to the
5:52upside, two scenarios towards the
5:54downside. We have two continuation
5:56setups and we have two reversal setups.
5:58So, this is exactly what it looks like
6:00here. I'll show you guys some examples
6:02on the charts here in a second, but this
6:04is exactly how to trade the previous day
6:06high and previous day low retest. The
6:08next setup is something called the
6:10opening range retest. This is one of my
6:13personal favorites. It's very beginner
6:15friendly to use. A lot of people do this
6:17on the 1, five, or 15minut time frame.
6:20My personal favorite is the five minute
6:23of course and that is the best one that
6:24is working in this current market
6:26environment. So what we're going to do
6:28here is mark out that first 5inut
6:31candle. So that first 5minute candle
6:33here that forms at 9:30 a.m. Eastern
6:36Standard Time is going to be key. So the
6:38market opens up at 9:30 a.m. EST. If
6:41your time zone is different or you're
6:42somewhere else in the world, you can
6:44switch your time zone into Eastern
6:46Standard Time. And what we're going to
6:48do is mark out the first five minute
6:50candle. So you can count one, two,
6:52three, four, five. And these are five
6:55one minute candles. And what we can do
6:57here is mark out the high and we can
6:59mark out the low of the first five
7:01minutes. And that is going to be key cuz
7:04that establishes what's called our
7:05opening range. What's great about the
7:07opening range is it gives us a good
7:09indication on where the market wants to
7:10head right off the bat. So, as you can
7:12see, we end up breaking towards the
7:14upside and we end up breaking above our
7:16fiveminute range high. Once that occurs,
7:19now we can be looking for something
7:20called the retest of our 5minute range
7:22high. So, you can see price ends up
7:24coming back down in towards our retest
7:26level, which happens to be our 5minute
7:28range high. We'd like to see some buyers
7:30step in right here and we can be looking
7:32for this continuation back towards the
7:33upside. Our stops can be below our 5mm
7:36range high. We can look for entries
7:38offer five minute range high and we
7:39could be looking for continuation back
7:42towards the upside. This is one of my
7:44personal favorite trading strategies is
7:46using the fivem minute range high and
7:47low. I personally like looking for
7:49continuation setups. Of course, we have
7:51the reversal setup as well. So, let's
7:53say we end up failing the 5minute range
7:55high and price ends up getting back
7:57underneath. We can be looking for the
7:58retest actually towards the downside.
8:00Most people don't know this, but you can
8:02actually trade this towards the
8:03downside, and you can look for a
8:04reversal trade, especially if the higher
8:06time frame is not in your favor. Now,
8:08with this being said, let's go on to my
8:10third trading setup, which is the order
8:13block retest. So, as you can see right
8:15here, what I have is my third retest,
8:17which is something called the order
8:19block retest. I have plenty of videos
8:20explaining exactly what an order block
8:23is, but in the most basic sense, when
8:25we're in a clear downtrend in the
8:26markets, up close candles will support
8:28price lower. And in an uptrend, we're
8:30going to be looking for downclosed
8:32candles to support price higher. So, as
8:34you can see here, what we have is what's
8:36called an up close candle. So, we're in
8:37a downtrend here. What we're going to do
8:39is mark out up close candles. In this
8:41case, the highest probability is going
8:42to be from the bottom of the wick to the
8:45bottom of the body and we can drag this
8:47general area over. So, once we break
8:48underneath, now we can be looking for
8:50this area as a retest. So, you can see
8:52price breaks underneath. We come back to
8:54retest this area. Now, what we're going
8:56to be doing is looking for weak price
8:58action off this area. We can have stops
9:00just to break above this order block
9:02after this weak rejection. And we could
9:04be looking for continuation towards the
9:06downside. So, our entries can be off our
9:08order block. We can have stops at the
9:10top of the order block. We can have
9:11stops close to the body depending of
9:14course on your entry confirmation.
9:16Essentially, what the strategy is is as
9:18long as we have up close candles
9:19supporting price lower, that's exactly
9:21where we want to be entering trades off
9:23of. As I mentioned, I'm going to show
9:25you guys plenty of examples of exactly
9:26what this looks like on the chart. And
9:28then I'm going to show you guys real
9:29examples in real time. So now, with this
9:32being said, let's hop straight into the
9:33charts to show you guys exactly what
9:34this looks like. So the first setup
9:36we're going to talk about is the
9:37previous day high and previous day low
9:40strategy. And on this day, I actually
9:41ended up taking two trades. Both of the
9:43trades were both the previous day high
9:45retest. One was an immediate retest and
9:47another one was a little bit more of a
9:49clear retest. I'm going to show you both
9:51the examples and I'm going to show you
9:52guys the live session. So, this was on
9:54Nvidia Monday, February the 9th. End up
9:57taking the 18750 calls. End up making
10:00$12,900
10:02on this setup. As you can see, I had
10:04$14,000 position size. Net ROI was $86%.
10:08I did end up trading zeroday contracts
10:10on this one. My total risk amount was
10:12very minimal. As soon as I was in this
10:14trade, there was no draw down
10:15whatsoever. I end up risking around
10:17$3,000 for a realized R multiple of 4R.
10:21And of course, the setups I end up
10:23taking was the previous day high retest.
10:25As you can see, these are my executions
10:27as well, just so you guys know that I
10:28did take this in real time. I'm going to
10:30quickly go over my second trader here as
10:32well. But the exact same day, I end up
10:34taking AMD, $2,900 on this one. 24% net
10:38ROI. I was risking around $1,200 on this
10:41one for a realized R multiple of 2.42.
10:44And as you can see, the setup was that
10:46previous day high retest. Now, let's go
10:48on to the charts. So, as you can see
10:50right here, we're on the Nvidia chart.
10:52We end up having a nice push towards the
10:54upside. What we're going to do in this
10:55case is mark out our previous day highs.
10:57So, our previous day highs is our 186.
11:00So, coming into market open, if we can
11:02get above our 186, use this as a retest,
11:04we can be looking for continuation
11:06towards upside. Of course, another
11:07scenario here as well is a potential
11:09previous day high rejection. But, I was
11:11leaning a little bit more bullish this
11:12day based off our pre-market game plan.
11:13And if you do want to check out my
11:15pre-market game plan, I do live stream
11:16it on YouTube for absolutely free. So,
11:19make sure to check that out. It is on my
11:21main YouTube channel. I do that at 8:30
11:23a.m. Eastern Standard Time from Monday
11:25to Friday. So, with that being said,
11:27let's mark off our key levels, which in
11:29this case is our previous day highs. And
11:31now, let's go on to the lower time
11:32frames. So, as you can see right here on
11:35Nvidia, we're having this immediate push
11:37towards the upside. We're showing
11:39relative strength compared to the
11:40overall markets. All I'm looking for is
11:42a retest off our previous day highs for
11:44continuation.
11:46We end up getting this immediate retest
11:48here. So, I'm going to show you exactly
11:49why I was really aggressive on Nvidia,
11:51but this one had relative strength. This
11:53is exactly where I personally got in.
11:55Got in as this candle was forming. Stop
11:57loss was a break below. Targets was
12:00based off the higher time frames. Of
12:01course, I'm going to explain that in the
12:03live session. But now, let's just play
12:05out the tape.
12:09And as you can see right there, Nvidia
12:10end up having a super solid push towards
12:13the upside. I'm going to explain the
12:14whole thought process, but as you can
12:16see, really solid buyers stepping in
12:18exactly where they're supposed to. So,
12:19you can see this previous level of
12:21resistance ended up turning into support
12:24for this continuation higher. And this
12:25is exactly how to use the previous day
12:27high retest. I'm on the next example,
12:29which is on AMD on the exact same day.
12:32And we end up taking the exact same
12:34setup towards the upside, but just on a
12:35different ticker. So for AMD as you can
12:37see similar thesis here what we have is
12:40our previous day highs. You can see we
12:41have multiple touches in the previous
12:43day and of course in the pre-market as
12:45well. So if we can get above our
12:46previous day highs use this level as a
12:48retest we can be looking for
12:49continuation towards upside. So the
12:51exact level we can have marked out is
12:53our previous day highs. Let's go on to
12:55the 1 minute time frame.
12:57So as you can see price is now breaking
12:59above our previous day highs. So what we
13:02could be looking for here is now the
13:03retest off this level for continuation
13:05higher.
13:07You can see price is now tapping into
13:09our retest level. We have some buyers
13:11stepping in here as well. Now we can
13:13have a stop just underneath our previous
13:15day highs and be looking for
13:16continuation back towards the upside.
13:18Now let's play out the tape. And as you
13:21can see right there once again buyers
13:22stepped in nicely right off our previous
13:24day highs. And that's exactly where we
13:26look to enter in. right off our previous
13:28day highs, previous level of resistance
13:30ended up turning into support for
13:32continuation higher. Now, with this
13:34being said, let's go on to the live
13:35session to show you guys exactly what my
13:37thought process was in real time. Key
13:40level that we have marked at 187. Above
13:41187, we can see continuation rejection.
13:42We can see this potential push down
13:43towards that 182. As for AMD, this one
13:45earnings last week big push towards the
13:46downside key level on AMD. Moving
13:47forward is going to be this 205 along
13:48with our previous highs we can keep an
13:49eye out for. As for a couple other
13:50names, so as you can see right there, I
13:52talked about Nvidia along with AMD above
13:54our previous day highs. There were some
13:56audio issues during this live session.
13:57So, I'm just going to narrate exactly
13:58what I was looking for during this live
14:00session in real time.
14:06What I'll be looking for in video here
14:07is to break above our previous day
14:08highs. This one has relative strength
14:09key level here is going to be that
14:1018695. If you can get above that with
14:11some strength here on the Q as well, we
14:12could be looking for yeah 18750 or 190
14:14calls on Nvidia. So, basically what I'm
14:15saying here is as you can see within the
14:17first 5 minutes of market open, Nvidia
14:19is pushing towards upside very nicely.
14:21We're now gravitating towards our
14:22previous day highs. Q's dropped right
14:24off the bat, but we're so far holding
14:26this 605. So, I'd like to see
14:27continuation back up in towards the 611.
14:30As for AMD, we like to see this one get
14:32back above our 20750 along with that
14:34previous day highs.
14:37So, basically what I'm saying right here
14:39is Nvidia, we're gravitating up and
14:41towards our previous day highs. Q's
14:43pushing higher here as well. What I'll
14:44be looking for is the retest above our
14:46previous day highs. Looking for the
14:4818750 calls or the 190 calls on Nvidia.
14:55So, as you can see right here on Nvidia,
14:56we're getting that immediate retest I
14:58mentioned, keep an eye out on the 18750
15:00calls. If you do see any sort of strong
15:02buyer step in, we'll be looking for the
15:04immediate retest for this continuation
15:06towards the upside. And as you can see
15:08right there, buyers stepped in
15:09aggressively. This is exactly where I
15:11get in with a stop loss just to break
15:13below. And now I'm looking for
15:14continuation towards the upside here on
15:16Nvidia. This one just had a lot of
15:17relative strength compared to the
15:18market. Q, as you can see, not as
15:20bullish. Nvidia is very bullish. So, I'm
15:22very interested in taking this towards
15:24the upside.
15:27As you can see, super strong close here
15:28on Nvidia. This one's now pushing nicely
15:30towards the upside. What I like to see
15:32here on the cues is a break above the
15:34608. AMD is pushing towards our
15:35pre-market highs along with our previous
15:37day highs here as well. So, we can also
15:38keep an eye on AMD for continuation.
15:43So, as you can see right here, Q's,
15:44we're getting this nice now push above
15:46our 5mm range high. Next level here is
15:48our 610. AMD, we can keep an eye on AMD
15:51for the retest off our previous day
15:52highs. Nvidia super strong. Really next
15:54level for me is that 193 just taking
15:57profits along the ways, but next level
15:59is our higher time frame objective.
16:02So, as AMD is now coming back down, I
16:04mentioned keep an eye out on the 210
16:06calls here on AMD. Any sort of strong
16:08buyers, we can take this back towards
16:10the upside. Nvidia is very strong
16:12already. We're taking profits and we're
16:13looking for this 193. As for the Q's,
16:16very much intact. you like to see this
16:17push up and towards our Friday's highs
16:19of last week.
16:21As you can see here on Nvidia, nice
16:23buyers stepping in, picked up some of
16:24the 210 calls, risk underneath our
16:26previous day highs. Now looking for high
16:28day plus continuation. Invidia, we're in
16:30a very good spot. We're just scaling
16:31along the ways. Next level here is our
16:33193.
16:35As you can see, Q's now pushing up into
16:37that 611. AMD already took my first
16:39scales up into this first pop. Nvidia,
16:41I've already scaled along the ways.
16:43Looking for my final scale up into this
16:45193.
16:47And as you can see right there on
16:48Nvidia, nice push up in towards our
16:50final key level, which happens to be our
16:53193. As for AMD, this one ended up
16:55moving nicely up into that 215. But you
16:57can see right there, this was a great
16:58example of using that previous day high
17:00retest. Perfect bounce here off AMD.
17:03Nice textbook retest towards the upside.
17:05Nvidia, another one that was super solid
17:07immediate retest. You have to be a
17:08little bit more aggressive. So, with
17:09this being said, now let's go on to the
17:11second setup that I have for us today.
17:13So, now I'm going to be talking about
17:14the next setup, which is one of my
17:15favorites, which is the opening range
17:17retest. And as you can see, we're on
17:19Invidia. I end up taking the 180 puts. I
17:21actually end up taking two trades on
17:23this day. Once again, both were based
17:24off of the 5minute opening range plus
17:27our one minute order block as well. But
17:28I end up making $11,700
17:31on this one. 97% net ROI. End up trading
17:35110 contracts. trade risk amount was
17:37$2900.
17:39Realize our multiple was $3.95.
17:42Now, as I scroll down here, these are my
17:44trade executions as well. Just so you
17:46guys know, I did take this in real time.
17:47I ended up taking the 180 puts. And you
17:50can see how nicely the contracts moved
17:51from over $1 to close to $270 on the
17:55contracts. Now, let's go on to the
17:57charts to show you guys exactly what the
17:58thought process was. So, as you can see
18:00on the charts, what I have here is
18:02Nvidia. We're on the fiveminut time
18:04frame. We can see really solid push
18:06towards the downside. We're currently
18:07underneath our previous day lows. You
18:10can see we have that first 5minute
18:11candle played out here as well. So we're
18:13fairly bearish on the day. What we're
18:15going to be looking for here on Nvidia
18:17is really the previous day low retest if
18:19that could form or if price wants to
18:20stay heavy. We could be looking for the
18:225minute range low retest for
18:23continuation towards the downside. So
18:25the levels that we're going to have
18:26marked out is going to be our opening
18:28range low on the 5minut and opening
18:30range high. Now let's go on to the one
18:32minute time frame. So, as you can see
18:34right here on Nvidia, we have this nice
18:36push towards the downside within the
18:38first five minutes of market open. We're
18:40underneath our previous day lows here as
18:42well. What we're going to do is really
18:43mark out this general area, this 5minute
18:45range low plus this up close candle.
18:47We're going to be using this level as a
18:48retest for this continuation back
18:50towards the downside. So, as you can see
18:53right here on Nvidia, price ends up
18:55coming back up in towards our retest
18:57level. We can be looking for shorts with
18:59a stop just to break above looking for
19:01continuation towards the downside. This
19:03is where I personally took my first
19:05entry but price ended up coming back up
19:07once again and you can see nice solid
19:09rejections right off our fiveminute
19:11range low and this is where I ended up
19:13entering the puts for the second time
19:15which is the 180 puts towards the
19:17downside. You can be looking for a short
19:19with now a stop just a break above and
19:21you could be looking for low of day plus
19:22continuation towards the downside. And
19:24now let's play out the tape. And as you
19:27can see right there, Nvidia ended up
19:28having a super solid rejection off our
19:31fiveminute range low plus our one minute
19:33up close candle here as well, which is
19:35our order block. So as you can see right
19:36here, we're essentially combining both
19:38the opening range retest along with our
19:40order block retest, which gives us extra
19:42confluences that this is going to be a
19:43little bit more higher probability. You
19:45can see nice push towards the downside
19:46right in towards our takerit. So now I'm
19:49going to show you guys a live session to
19:50show you guys exactly what I was looking
19:52for in real time. So, as you can see
19:54right here to start off the day, Q's
19:56dropped right off the bat. Now, we're
19:57rejecting off key levels. Nvidia drop
19:59right off the bat here as well
20:01underneath our previous day lows. What I
20:02also have marked out here as well is
20:04going to be our 5minute range low along
20:06with this up close candle.
20:09So, I just mentioned here the QQQ level
20:11here is going to be that fiveinut range
20:13low. This is the exact level we want to
20:15reject if you want to see continuation
20:16towards the downside. As for Nvidia, our
20:18exact level here is this up close candle
20:20plus this 5minute range as well for
20:22continuation lower. All right, we keep
20:24an eye on Nvidia here Q so far getting
20:26us immediate retest off your fiveminute
20:27range low. Keep an eye on QQQ here. Five
20:28minute range low pressure up close sorry
20:29down close sorry up close candle here
20:30that one minute order block here. I'll
20:31be looking at the 180 puts on Nvidia.
20:33The 180s on Nvidia as you can see I
20:34mentioned keep an eye out on the 180
20:37puts Q so far getting that nice
20:38rejection here. Now for Nvidia we want
20:40the same rejection for this continuation
20:42towards the downside.
20:44Yeah, I'm going to try some Nvidia 180s
20:45here with the Q rejecting as well. Stop
20:47is going to be a break above this
20:47five-minute range high plus this one
20:48minute order block. I'm going to be
20:49looking for low of day plus this 183
20:50here. As you can see, I just took the
20:52180 puts towards the downside. As I
20:53mentioned, key level here, 5m minute
20:55range low plus this one minute order
20:57block. Q's rejection here is nice.
20:58Looking for a low of day plus
21:00continuation towards the downside.
21:02So, as you can see right there, Q super
21:04solid drop right off that 5minute range
21:06low. Nvidia nice push towards the
21:08downside here as well. Came down in
21:09towards our first takerit which was
21:11super nice here on Nvidia. Scaled some
21:13down in towards that key level. Sure, if
21:14there's news right there that actually
21:15ended up working out perfectly. scale
21:16down to this 183 here as I speed up the
21:19tape here. As you can see, QQQ a little
21:21bit of a bounce here off that 62350.
21:24What I was talking about here on Nvidia,
21:25as long as we can maintain underneath
21:27our 184, which is our 5m minute range
21:29low, plus this one minute down close
21:31candle here as well is kind of talking
21:32about the second re-entry that we can be
21:34looking for for this continuation
21:35towards the downside here as well. Now,
21:37we're breaking back underneath this
21:395minute range low.
21:42Yeah. So, Q's still staying heavy.
21:42Invidia still held their one minute
21:43order block in this five-minut range.
21:44Let's see if we can make a brand new low
21:45here with the Q's and Nvidia. We need to
21:46see back underneath now this 18319 which
21:48is your after hours lows. We can get
21:49candles underneath this. We have some
21:50more room toward the downside. Then we
21:51might like to see the Q's underneath the
21:52623 here.
22:00As you can see, super nice drop here on
22:02the QQQs. Another rejection here on
22:04Nvidia right off that 5m minute range
22:06low. Plus this up close candle here as
22:07well. We're just looking for this
22:08continuation lower here now on the major
22:10indices.
22:12As you can see, beautiful drop towards
22:14the downside here on Nvidia Q's. Nice
22:16break underneath our key levels here as
22:18well. Absolutely fantastic trade as I
22:20speed up the tape.
22:23As you can see, as I speed up the tape
22:24here, absolutely beautiful trade towards
22:27the downside here on Nvidia Q's. Perfect
22:29fiveminute range retest as well. Once we
22:31got underneath key levels, next level
22:33down towards that 620, Nvidia perfect
22:35rejection off that 5minute range and
22:37that one minute order block. Super solid
22:39push towards the downside. So, this was
22:40a great example of using the fiveinut
22:43opening range retest. Now, with that
22:45being said, let's go on to my third and
22:47final setup that we're going to talk
22:48about today. And right here, as you can
22:49see, we're finally on my last setup that
22:52we're going to talk about today, which
22:53is the order block retest. This is a
22:55great retest for scalps and trading
22:58quick momentum moves in the markets. End
23:00up trading Nvidia puts towards the
23:01downside, $3,700.
23:04Net ROI was 41%. Very quick move here in
23:07the markets. ended up risking about
23:09$1,600 on this trade. So, my realize our
23:12multiple ended up being 2.3R. Now, let's
23:15go into the charts to show you guys
23:16exactly what I was looking for. So, as
23:18you can see, we're on the Nvidia 5inut
23:21time frame. And we have the first 5
23:22minutes played out here in the market.
23:24And what we've created here is what's
23:25called a gap. So, a gap in the charts is
23:28what's created here from 400 p.m. to
23:309:30 a.m. Eastern Standard Time. If you
23:33go on to the regular trading hours
23:35versus the extended trading hours,
23:37you'll see that when we have the
23:38extended hours turned on, which is on
23:40the bottom right, we can see the after
23:42hours along with the pre-market data.
23:44When we toggle it to the regular trading
23:46hours, we can only see the data from
23:489:30 a.m. to 400 p.m. Eastern Standard
23:51Time. Whenever you want to see if
23:52there's gaps in the charts, the reason
23:54why you want to see gaps in the charts
23:55is because a lot of times the market
23:57will fill these gaps. It's what's called
24:00imbalances in the markets and markets
24:02don't like to be inefficient. They like
24:04to be very efficient. So the markets are
24:06going to look to fill these gaps to
24:07essentially rebalance the markets. So as
24:09you can see, we have a huge gap on
24:11Nvidia and what we're looking for here
24:12is really this gap fill towards the
24:15downside. What we can have marked out
24:16here is our fivem minute range high plus
24:19our 5mm range low.
24:22So all I'm looking for is up close
24:23candles in the markets to support price
24:25lower. So as you can see there's an up
24:26close candle here which end up using as
24:28a nice retest towards the downside. This
24:30one also coincided with that fiveminut
24:32range. So this one was the highest
24:34probability. We have another up close
24:35candle here which supports price towards
24:37the downside. You can see nice retest
24:39here. Another up close candle. You had
24:41this immediate retest. So you can see
24:42price is moving nicely towards the
24:44downside. What I'm going to mark out
24:45here is just the most recent up close
24:47candle and we can use this as resistance
24:50for continuation back down and towards
24:52that full gap fill. So you can see price
24:54is now coming up into our order block.
24:57We're looking for weak price action. As
24:59you can see, we get that weak candle
25:01closure right there with a stop just to
25:03break above this order block. And now we
25:05can be looking for our gap fill towards
25:07the downside. Now we can play with the
25:08tape. And as you can see right there,
25:11Nvidia end up having that nice push
25:13right down in towards our gap fill level
25:15there on Nvidia. End up being a super
25:17nice scalp. That being said, let's go on
25:19to the live session to show you guys
25:21exactly what this looks like in real
25:23time. So, as you can see right here,
25:24just to give us some context, Q's, we
25:26had a gap fill towards the downside.
25:28Market is showing a lot of weakness
25:29here. As you can see, Q's is dropping,
25:31SPY is dropping, Nvidia's pulling back,
25:33Tesla's pulling back. Now, I'm looking
25:35for here on Nvidia is really this order
25:37block retest for this gap filled towards
25:39the downside. So, the Q's already filled
25:40its gap. SPY already filled its gap.
25:42Nvidia still has a gap filled towards
25:43the downside. So, this is the name I'm
25:45going to focus on to complete that full
25:47gap here.
25:51So, as you can see right here on Q's,
25:52we're getting that immediate retest off
25:54our previous day lows. We're looking for
25:56continuation lower. Nvidia, I mentioned,
25:58keep an eye out on Nvidia off this 19050
26:00for potential continuation lower here as
26:02well. Keep an eye out on the 18750 puts
26:05here on Nvidia off this one minute order
26:06block. What we like to see is big
26:08sellers step in.
26:12Yeah, I end up taking a stab as well on
26:14the 190s. This one has a gap filled
26:15towards the downside. Risk is very tight
26:16just above this 19050 here. We're just
26:17looking for this rejection and looking
26:18for this potential low plus this gap
26:19fill here. So, as you can see right
26:20there, I mentioned I took the 190 puts,
26:23super tight stop based off this one
26:25minute order block, weak rejection. Now,
26:27I'm looking for this gap fill towards
26:28the downside here on Nvidia.
26:32Yeah, about to fill this full gap here
26:34as well. This is your exact level. Okay,
26:35nice right here filled. I'm majority of
26:36my position. I'm just going to hold some
26:37trailers now, but basically that was
26:38your full gap fill down towards that
26:391887
26:41or very close to it. Let's see if your
26:42full gap. Yeah, your 1887. That's your
26:44key level. SP coming down. Q next level
26:45is actually fairly far away 604. But as
26:46you can see right there, super nice
26:48rejection there on the QQQ. Nvidia right
26:51off that 1 minute order block. As I
26:53mentioned, I scaled majority down into
26:55that full gap fill. End up getting
26:57stopped out the remaining of my trailers
26:59as it came back up. But right there was
27:01a fantastic example of using that 1
27:03minute order block. And with that being
27:05said, I hope you guys enjoyed the video
27:07and learned something about my strategy
27:09along with the three setups that I use.
27:11If you did, I appreciate if you guys
27:13drop a like and sub. That being said,
27:15I'll see you guys next week for a brand
27:16new video.

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