5 Minute Scalping Strategy With Magic Indicator
Scalping Is Valuable Technique In Volatile Market
Here is just one technique using a favorite indicator. We will provide more in other videos.
https://youtu.be/Viij9NvnobM
5 Minute Scalping Strategy – This MAGIC INDICATOR is a GAME CHANGER
1,864 viewsMay 9, 2022
24.3K subscribers
5 Minute Scalping Strategy – This MAGIC INDICATOR is a GAME CHANGER This 5 minute scalping trading strategy will blow your mind at how accurate the buy sell signals are for crypto, forex, and the stock market. 🤑Follow ALL of my Trades – Join My Patreon ➡️ https://www.patreon.com/MyTradingJour… 🤑Follow my FREE weekly Trade – Join My FREE Telegram Channel ➡️ https://t.me/joinchat/AAAAAFcSSyCUKI3… 📈Want to make more WINNING trades? Get the BEST trading indicator here: https://bit.ly/3nS3DaT 🚨 👇👇👇Subscribe to this channel here: 👇👇👇🚨 ✅ https://bit.ly/2yS9uZo 5 minute scalping strategy 5 min scalping strategy 5 minute scalping indicator 5 min scalping indicator best 5 minute scalping strategy best 5 min scalping stategy how to scalp 5 minute chart how to scalp 5 min chart Best scalping Strategy best scalping strategy forex scalping strategy 5 min scalping 1 min scalping strategy 15 min scalping 15 min scalping strategy 1 min scalping forex 5 min scalping forex forex scalping strategy forex – Disclaimer – This video expresses my personal opinion only. Trading financial markets involves risk, and is not suitable for all investors. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action, and any trades you decide to take are your own.
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FULL VIDEO TRANSCRIPT
0:00
what’s going on everybody yeah welcome
0:02
back to my trading journey in today’s
0:04
video
0:05
i am going to be showing you guys an
0:08
awesome indicator strategy for scalping
0:12
so scalp and trading it’s it’s become
0:14
very popular and i’ve been getting a lot
0:15
of requests
0:17
about you know making some videos on
0:19
shorter time frames so this is going to
0:20
be on a five minute time frame uh great
0:22
for scalping forex great for scalping
0:25
you know crypto like ethereum bitcoin um
0:28
this is also great for scalping the
0:30
stock market and and a lot of the
0:32
trading that i do is is in the u.s stock
0:35
market so i’m going to be showing you
0:37
examples and how to set this up using
0:39
the qqq uh
0:41
as an example the nasdaq
0:43
uh five minute chart and uh yeah let’s
0:45
let’s get right back into it before i
0:47
get started i always have to say right
0:48
this is not financial advice i’m not a
0:50
financial advisor this is for
0:51
educational and information purposes
0:53
only so
0:55
uh let’s get into it so there’s going to
0:58
be two indicators that we’re going to be
0:59
using for this and i’m also going to
1:00
teach you guys
1:02
you know where to put your stop-loss
1:04
where to take profit how to set those up
1:06
as well as wait till the end of the
1:08
video watch till the end because towards
1:10
the end i’m also going to show you how
1:11
to set up indicators
1:13
and alerts
1:14
where
1:15
it gives you you know you when it gives
1:19
you a buy or sell
1:21
alert
1:22
you know exa you know you’re not just
1:24
watching your charts all day long and
1:26
you get alerted with that kind of stuff
1:28
so i’ll show you guys how to set up
1:29
alerts on this as well
1:31
and then we’ll backtest it a little bit
1:33
i’ll show you guys a few examples and
1:35
you know you guys can
1:37
drop a comment let me know what you guys
1:38
think
1:39
all right so let’s get back into it
1:41
let’s uh let me go ahead and stop the
1:43
replay mode
1:46
and let’s go back
1:48
to
1:49
a live market so here’s the live market
1:51
right now right
1:52
so there’s gonna be two indicators
1:54
you’re gonna be using this one the l
1:56
superior kaufman adaptive ma and an ift
1:59
combo i’ll show you guys exactly how to
2:01
set both of these up and the ch and the
2:03
settings to change on these
2:06
so when you first log into trading view
2:08
and this is one of the best buy sell
2:10
indicators on trading views so you guys
2:12
definitely need to check this out
2:15
let me just x out all of this stuff so
2:17
you guys see exactly what your chart is
2:18
going to look like when you log into
2:20
trading view so the first
2:22
indicator that you’re going to add
2:24
you’re going to go into indicators
2:26
type in l2
2:28
perry
2:30
and this is going to be the one the l2
2:31
perry kaufman adaptive m a right
2:34
so you’re going to add that
2:37
x out
2:38
go into the settings
2:41
and go into input
2:43
and change the period f from 13 to 11.
2:48
okay the next indicator that you’re
2:51
gonna add
2:52
is called you’re gonna type in
2:55
combo
2:57
sto
2:58
plus
3:01
rsi and this is the one that you’re
3:03
going to use the inverse
3:05
fischer transform combo sdo plus rsi
3:09
okay
3:12
once you do that
3:14
now what exactly are we looking at what
3:17
exactly is
3:19
the uh confirmations and and trade
3:22
signals and stuff like that right that
3:24
that are pretty decent to follow
3:27
so
3:28
the way this this is going to work is
3:30
you want to make sure you you get you
3:32
get like a buy or sell signal so for
3:33
instance this was the i guess this was
3:35
the last time that sell signal was
3:36
alerted
3:37
right because this this right now is the
3:39
current market while the market’s open
3:41
right now
3:42
so when you get a sell signal you want
3:44
to the first thing for confirmation is
3:46
you got to make sure that the candle if
3:48
you’re going short on a position it’s
3:50
red not green okay
3:52
and
3:53
you want the ift combo right here to be
3:56
oversold below the green line if it’s
3:59
going to be a cell if it’s going to be a
4:01
buy i’ll show you an example of that too
4:04
right
4:05
this one was a this one will be a lot
4:07
would would be a loss so we’re not going
4:08
to look at this one
4:10
but if you want you know if you’re going
4:12
for by position you want to get a buy
4:14
signal
4:15
you want the candle to be green and you
4:17
want it to be overbought so you want it
4:19
to be above the red line and then i’ll
4:21
i’ll show you guys where to put the stop
4:23
losses and stuff like that so you guys
4:25
get a better idea as well
4:27
so
4:29
so with this
4:31
you all of this stuff lines up and then
4:34
the way you’re going to do stop loss and
4:35
take profit on these or this is what i
4:37
like to do
4:39
is put the stop loss right at the line
4:41
right right at the intersection line
4:43
where you’re getting that buy sell
4:45
signal right
4:46
and then i like to go on this particular
4:48
scalping strategy
4:50
i like to go for a two to one profit so
4:53
if i’m risking 100 i want to make 200
4:55
right
4:56
and that’s that’s the you know and i’ll
4:58
show you guys some some data on like the
5:00
last few trades as well on this
5:02
and this this works great
5:04
again like i said with scalping forex
5:06
scalp and crypto scalping you know the
5:09
u.s stock market all of that stuff
5:12
um
5:13
so now let’s let’s look let’s look at
5:15
some trades i’m not going to make this
5:16
video too long because then i want to
5:17
show you guys how to set up the alerts
5:18
as well so let’s let’s take a look at
5:20
you know like maybe four or five
5:22
examples
5:23
and then i’ll show you guys how to set
5:25
up the alerts
5:26
so on something like this so let’s take
5:28
a look at this example so this would
5:30
have been a trade
5:32
dude
5:34
keep pressing the wrong button
5:36
and do a short position so say you got
5:38
in over here you’re gonna put your stop
5:40
loss right at the line
5:43
okay
5:44
and then let’s do two to one right
5:47
so
5:50
there you go
5:52
there you go this this one would have
5:53
been a win it would have it would have
5:54
hit right there right when the market
5:56
opened
5:59
this one
6:00
i can already tell this one will be a
6:02
loss but i’m still gonna show you guys
6:04
not every trade is a win and as a trader
6:07
you have to learn that not every trade
6:09
will be a win
6:12
you have to learn to take your losses so
6:13
yeah this one would have hit us hit a
6:15
stop loss
6:17
let’s go back
6:18
let’s look at the
6:20
all right so this will be the third
6:22
trade
6:23
sell signal
6:26
red candle which is great
6:28
and when you’re on that
6:30
it’s oversold great so this will be
6:35
this would be a trade
6:37
stop loss would be right here at the
6:39
line
6:40
we’re gonna do two to one
6:45
right
6:47
yep there we go it would have
6:50
the take profit
6:51
would have hit right there
6:53
all right
6:56
let’s look at another one
6:58
here’s the
6:59
next one
7:00
that was this will be a long position
7:02
you get a buy signal candle is green
7:05
it’s overbought
7:08
long position you get started right
7:10
there
7:13
stop loss will be at the line
7:16
we’re going to do two to one
7:19
so take for risk to reward will be two
7:23
there we go cool what a hit right there
7:26
that would have been a win
7:28
let’s look at one more
7:32
and oh see this is great this this will
7:34
also the last two will also show you
7:36
guys how trades become invalid okay so
7:38
let’s let’s go through this one first
7:41
so this will be a short position because
7:43
you get a sell signal it’s red and it is
7:45
oversold
7:47
so you get in
7:51
the
7:51
the line the cro intersection will be
7:54
your stop loss
7:56
we’re gonna do
8:00
say two to one
8:08
come on
8:10
all right i’ve gotten on this trade
8:13
right here
8:20
there you go
8:21
all right so this would have hit
8:23
take profit right there
8:26
before it started going back up
8:28
all right now this is how
8:31
this is how this stuff becomes these
8:33
trades become invalid
8:35
yeah you’re getting a buy signal and
8:37
it’s overbought but it’s a bearish
8:39
candle it’s not a green candle so you’re
8:41
not going to take this trade
8:42
same thing over here
8:44
you’ve got a sell signal
8:47
but it’s a bullish candle you’re not
8:48
going to take this trade so this makes
8:50
it invalid
8:52
so for instance with these things that
8:54
we went over
8:55
one two three
8:57
oops
9:00
whatever you guys saw what that was
9:03
all right
9:05
there we go
9:07
nope
9:08
it was right here
9:10
all right so one
9:12
two three
9:15
four five we went through five examples
9:18
one was a loss so 80 win rate of the
9:20
five you know out of the last five
9:22
trades so even if you’re risking a
9:24
hundred dollars to make 200
9:26
you know you make you make 800 you lose
9:28
a hundred dollars you’re still up 700
9:31
off of off of five trades
9:33
i think i think that’s great so again
9:35
you know you got to pick and choose your
9:37
your positions but at the same time you
9:39
have to follow these rules
9:41
and you know it’s i’m glad that we kind
9:43
of ran into
9:44
this man i keep moving this
9:47
all right anyway i’m going to delete
9:48
these anyway
9:51
so
9:52
you know i’m glad we ran ran into these
9:55
two examples because that shows you how
9:57
a trade is invalidated if not all three
10:00
uh
10:01
you know
10:03
triggers triggers work all three
10:05
confirmations right
10:07
so now let me show you guys how to set
10:10
up the alert so the alerts are going to
10:12
be set up over here in the l2 perry
10:14
kaufman adaptive m a
10:16
so you’re gonna go click on these three
10:18
dots right here where it says more
10:21
add alert
10:23
and right now and then you’re gonna set
10:24
up two alerts so the first alert is
10:26
going you’re gonna click only once or
10:28
once per bar depending if you want them
10:30
over and over and over again
10:32
okay
10:33
once per bar and then alert on long just
10:36
click create once you’re done with that
10:38
go back into
10:40
you know more
10:41
go into alerts and then you’re gonna do
10:44
alert on short and that’s how your
10:46
alerts are going to be set so whenever a
10:48
bar you know
10:49
closes that has that meets that gives
10:52
you a buy signal they’ll alert you and
10:54
this way you guys can see if the other
10:57
you know if it’s a bullish candle
10:59
bearish candle if it’s oversold or
11:00
overbought in the other
11:02
indicator and this way you can make your
11:04
decision if you want to take that trade
11:06
or not okay again now financial advice
11:08
just just for information purposes only
11:11
and if you guys like this video please
11:13
do hit that thumbs up and give it a like
11:15
drop me a comment below subscribe to
11:17
this channel if you guys want more of
11:19
these cool trading strategies
11:21
and also uh join my free telegram
11:24
channel i post about one free trade a
11:26
week on there and if you want to follow
11:28
all of my trades i’ve recently also
11:30
opened up a patreon
11:33
so uh definitely you know check out
11:35
check out the link and these are the
11:37
kind of trades that i’m placing in my
11:39
patreon that
11:40
people are enjoying
11:42
and it’s basically every single trade
11:44
that i make i’ll i’ll post on there on
11:46
the free telegram channel i post like
11:48
one a week but i trade of course a lot i
11:51
make more than one trade a week so if
11:52
you want to check out all my trades
11:54
check out my patreon and uh yeah i’ll
11:57
see you guys on the next one
English (auto-generated)