YouTube2Text

This Trading Strategy is Insanely Profitable? — Transcript

by LuxAlgo · 715 words · 101 segments · language en · Watch on YouTube

Full transcript

  1. 0:00This one candle is responsible for over
  2. 0:02$750,000 [music]
  3. 0:04of my trading profits in the last 12
  4. 0:05months. This is the 8:00 a.m. candle on
  5. 0:07the 15-minute chart and it's the single
  6. 0:09most important candle [music] of the
  7. 0:10entire trading day. Why? Because this
  8. 0:13one candle is the road map that
  9. 0:15institutions at [music] Goldman Sachs,
  10. 0:16JP Morgan, and every other major bank
  11. 0:18use to position themselves for the day.
  12. 0:20Start out by drawing a rectangle around
  13. 0:22the first 15-minute [music] candle from
  14. 0:248:00 to 8:15 a.m. Eastern Standard Time.
  15. 0:26Open up ES Futures on TradingView. Now
  16. 0:28you are going to go on the 15-minute
  17. 0:30[music] time frame and you are going to
  18. 0:31mark out this first candle right here at
  19. 0:338:00 a.m. and the key thing is that you
  20. 0:35are marking out this entire [music]
  21. 0:36candle from the top wick to the bottom
  22. 0:38wick. Step two, wait for 9:30 a.m.
  23. 0:40Eastern Standard [music] Time. At 9:30
  24. 0:42you will see that price is either above
  25. 0:44this zone or below this zone. [music] If
  26. 0:46it's in the middle of the zone, just
  27. 0:47wait. Knowing that price was above this
  28. 0:49zone at 9:30 a.m. Eastern Standard Time,
  29. 0:51this means that we are looking for a
  30. 0:52retest of the midpoint and we are
  31. 0:54looking for price to continue moving
  32. 0:55[music] in the same direction that it
  33. 0:56broke out to. Go ahead and enter longs
  34. 0:58right there. We're going to have a
  35. 0:5910-point stop loss and we're going to
  36. 1:01target 40 points
  37. 1:02>> [music]
  38. 1:03>> just like so. This looks like a really
  39. 1:04good trade. Out of that trade, right? We
  40. 1:06just hit take profit for 40 points.
  41. 1:08>> Okay, I like how straightforward it is.
  42. 1:09I like that it's trend following. I
  43. 1:11think those are always the best
  44. 1:12strategies. It will probably perform
  45. 1:15better during a trend cuz any type of
  46. 1:16orb strategy or anything like this works
  47. 1:19better in trending markets. But this
  48. 1:20concept is quite simple and we use Lux
  49. 1:23Algo Quant AI that allows you to build
  50. 1:25literally any trading strategy or any
  51. 1:26tool you want. So check out the
  52. 1:28indicator that I made with Lux Algo
  53. 1:30Quant that follows the strategy exactly.
  54. 1:32So here's the 3-minute chart and the
  55. 1:34indicator automatically plots out the
  56. 1:35high and low of that 15-minute 8:00 a.m.
  57. 1:37candle. If we go back here, you can
  58. 1:39notice that before market open it says
  59. 1:42wait till open and it plots the box as
  60. 1:44gray. Once you get market open it
  61. 1:46determines to look for buys or sells
  62. 1:48depending on that opening candle. You'll
  63. 1:50notice today it actually tapped into the
  64. 1:51center of that zone right after that
  65. 1:53opening candle. It closed above, tapped
  66. 1:55into the center, 10-point stop. In my
  67. 1:57opinion, I always like two to one
  68. 1:59trades. You would have had a very nice
  69. 2:0020-point trade on ES. Let's watch this
  70. 2:02one. We drive up, wait till open. We get
  71. 2:04that open push right to that zone and
  72. 2:06actually have a little bit of reaction
  73. 2:08in that zone. I would always want to
  74. 2:09look for a trade because it's showing
  75. 2:11the zone is valid. Go for that two to
  76. 2:13one again. That's what I like. It ends
  77. 2:15up hitting again. All neutral zones are
  78. 2:17colored blue. That means it opened up
  79. 2:19inside that zone. You could trade it
  80. 2:21however you want or not trade it at all.
  81. 2:22Here's another setup. Let's wait for
  82. 2:24open. Now it's saying look for sells. I
  83. 2:26want to look for a reaction. We end up
  84. 2:27getting a reaction right here. I would
  85. 2:29take my short off of that reacted price.
  86. 2:31Go for that 10-point stop and a 20-point
  87. 2:33target. If it's more volatile on the
  88. 2:35day, you could actually extend those. We
  89. 2:36could probably do a 20-point stop on
  90. 2:38this day and go for a 40-point target.
  91. 2:40Actually ends up drilling the low very
  92. 2:42nicely there, but we waited for
  93. 2:43reaction. We got it. Traded it out
  94. 2:45nicely. This is a simple ES strategy
  95. 2:47that can actually be very effective if
  96. 2:48traded properly. He did say it works on
  97. 2:50any asset. You guys can test it out cuz
  98. 2:52I'm going to give you the indicator for
  99. 2:53completely free. All you have to do is
  100. 2:55DM us the word roadmap and I'll send you
  101. 2:56the link.

About this transcript

This page contains the full transcript of This Trading Strategy is Insanely Profitable? by LuxAlgo, generated from the public captions YouTube serves with the video. The transcript has 715 words across 101 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.

What you can do with it

Use the transcript to take notes, quote the speaker, build a study guide, generate a summary with ChatGPT or Claude via the YouTube Summary tool, or export it as a timed subtitle file with YouTube to SRT. You can also re-open it in the transcriber to translate the transcript into 100+ languages.

Free YouTube transcript tool

YouTube2Text is a free YouTube transcript generator — no signup, no daily limit. Paste any YouTube link and get the full transcript instantly, with timestamps, click-to-jump, translation to 100+ languages, AI prompts for ChatGPT, Claude, and Gemini, and exports to TXT, SRT, VTT, or Markdown.