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