The Ultimate 1 Minute Scalping Strategy: Trading with Support and Resistance — Transcript

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1. 0:00I want to give you something that's
2. 0:01going to simplify your trading and I'm
3. 0:03also going to give you a strategy to
4. 0:05trade and I want you to understand that
5. 0:07with every strategy with every indicator
6. 0:09there are signals that you should not
7. 0:11take I'm going to show you which ones
8. 0:13you should take and why it's very simple
9. 0:15and this is like dumbing it down just so
10. 0:18that it's within a five minute video but
11. 0:20I want to give you the basics here so
12. 0:22that you can have a basic understanding
13. 0:24and then expand on that furthering your
14. 0:27education and using this indicator
15. 0:29called Happy Trails okay so right now
16. 0:32I'm looking at NAS 100 on the one minute
17. 0:35time frame now what I want you to do is
18. 0:37when you zoom into your chart I want you
19. 0:39to focus on these areas where there's
20. 0:42you know Peaks these are rejection
21. 0:45points of the price now when you get a
22. 0:48long Wick rejection like this what you
23. 0:50can do is draw a rectangle box this is a
24. 0:54zone of support and resistance supply
25. 0:57and demand whatever you want to call it
26. 0:59but this is an area where price reacted
27. 1:02you can also see on the bottom of the
28. 1:04range we have these long Wicks again
29. 1:06drawing up another zone now as you can
30. 1:09see happy trail gives you a trade entry
31. 1:11indication with an upside down smiley
32. 1:13face or a right side up smiley face what
33. 1:16I want you to do when you are drawing
34. 1:19out your support and resistance areas is
35. 1:22just wait and be patient for price to
36. 1:24hit these specific levels and react off
37. 1:28of these specific levels do not jump the
38. 1:30gun you will get stuck in a liquidity
39. 1:32grab or whatever you want to call it you
40. 1:35will get trapped if you go in a long
41. 1:37position too early or a short position
42. 1:38too early so once price gets to this
43. 1:41Zone and you've drawn up your box what
44. 1:44you want to do is wait for a trade entry
45. 1:47signal you get one here and it's at the
46. 1:50lower part of the range so what I want
47. 1:52you to do is enter in a long position
48. 1:55stop loss below the range with a one to
49. 1:58two risk to reward Ratio or you can
50. 2:00Target this Zone again but what I want
51. 2:02you to do is just focus on one to twos
52. 2:04one to twos consistently will get you to
53. 2:06be a profitable day trader then once
54. 2:09that plays out eventually you take your
55. 2:11profit and you look for your next trade
56. 2:13entry we are now at this previous Zone
57. 2:15that you marked up and what I want you
58. 2:17to do is look for another signal as
59. 2:19price rejects this area if you would
60. 2:22have been impatient and you're a
61. 2:23breakout Trader you would have gotten
62. 2:25into a long position here and you would
63. 2:27have gotten smoked enter in a short
64. 2:29position stop loss above the range and
65. 2:31you want to Target a one to two that is
66. 2:33below your range so what you need to do
67. 2:35is be okay with a one to one point five
68. 2:38you need to have a specific take profit
69. 2:40area that works in your confined area
70. 2:43having patience and waiting for breaks
71. 2:45and retests and areas of structure
72. 2:48double bottoms double tops that's the
73. 2:51name of the game being patient like I
74. 2:53said in a previous video is the most
75. 2:54important aspect of day trading this is
76. 2:56why patience and waiting for your setup
77. 2:58is the most important thing especially
78. 3:00on this lower time frame if you stop
79. 3:02looking at all of this noise in the
80. 3:04middle and just focus on areas where
81. 3:07price has previously rejected and go off
82. 3:10of signals in those areas it will
83. 3:12dramatically improve your statistics you
84. 3:15can use happy trail you can use brute
85. 3:17force which gives you rocket ships you
86. 3:20can do stair Master which gives you
87. 3:21sneakers or you can do Outback which
88. 3:23gives you these little kangaroos but
89. 3:25every single one of these strategies has
90. 3:27specific rules that you need to follow I
91. 3:29was just giving you a simple example and
92. 3:31knowing Market structure and support and
93. 3:33resistance levels is going to help you
94. 3:35better your trade entries and using
95. 3:38these indicators as concrete signals of
96. 3:41enter this trade at this candle is going
97. 3:44to help you get into trades without
98. 3:47thinking about it because so many times
99. 3:49you're like ah I should get in now and
100. 3:51then you don't and then the trade goes
101. 3:53in your direction and you just like feel
102. 3:54left out you're like man I knew it I
103. 3:57should have went in but now you have an
104. 3:59emoji telling you to do it so just
105. 4:01follow the Emojis and do it but know all
106. 4:04of the previous education that comes
107. 4:06along with it like the market structure
108. 4:07like the trend lines like the Fibonacci
109. 4:10levels it's going to dramatically change
110. 4:11your life all five of these indicators
111. 4:13are a part of the trading floor
112. 4:15membership it's 20 GBP per month Link in
113. 4:18the description down below and if you
114. 4:19have questions about these specific
115. 4:20strategies we have a strategy support
116. 4:22section in the Discord community