This stupid simple scalping strategy consistently gets me days like this and like this. In this video, I'm going to explain exactly how. And I've boiled this down to be so simple that even if you're a beginner, it's going to be difficult for you to mess up.Best part about this strategy, you can use it almost every single day. So, I'm going to lay out and explain the exact strategy. Then, I'm going to show you this strategy playing out over the past 2 weeks of data in a full back test so we can see how much ...

ICT became easy once I figured out this one thing and also when I realized that I don't need to use 95% of it. Okay. And in the past one week of trading risking $1,000 per trade, I've been able to make over $21,000 in profit using this exact thought process.All I'm looking for is a consistent downtrend that's been contacted for multiple times in a session. Okay. Once I get an actionable fair value gap as well as a change of character as well as an influx in volume, I can then set my position up expecting wi ...

So, I was watching this trend and was able to get filled right on this important fair value gap area into my critical resistance area here as well. Okay, so just off of this trade, I was able to lock in 4162. [Music] All right.So, it's about 8:45 in the morning right now. Market opens at 9:30, which is where all the movement is going to start. So, what I'm doing as a day trader now is trying to figure out generally which direction I think the market is going to move.So, it's my job to basically do analysis ...

RT Breakout (@breakoutprop)Strong order blocks leave footprints.If price explodes away from a level, clearing multiple highs/lows and creating a fair value gap... that’s intent, not noise.Good order blocks aren’t subtle.They’re where conviction entered the market. https://t.co/C5iBZrR4sW ...

Trading Strategy Overview - The core strategy revolves around identifying areas where price is expected to move in a specific direction, while maintaining contained risk [7][8] - The strategy uses a combination of indicators, price action analysis, and confluence factors to filter out noise and identify high-probability trading opportunities [9][20] - The strategy emphasizes simplicity in charting to improve clarity and repeatability in trade execution [7] Key Indicators and Tools - The strategy uses custom indicators like "it Foundation" to identify the New York Stock Exchange open at 9:30 [5] - "Inevitable Trade Pro Plus" is used to highlight overvalued and undervalued areas based on RSI [5] - Trend line tools, trend-based Fibonacci extensions, and rectangle boxes are used for technical analysis [6] - Lux Algo's fair value gap indicator is used to identify potential areas of price reaction [6] Core Trading Principles - The strategy focuses on identifying trends after the New York open at 9:30, looking for price movement in a positive or negative direction [10][11] - Identifying overvalued or undervalued areas is a key component, but these indicators should not be used in isolation [12][14] - The strategy incorporates "change of character" to identify potential trend reversals [15][16] - Fair value gaps are used to pinpoint high-potency areas for potential trades [18][19] Risk Management and Profitability - The trader aims to achieve approximately five positive risk factors per week, which translates to one per day [8] - The strategy involves containing the downside and allowing winners to run [9] - The trader emphasizes the importance of consistency and letting winners run to maximize profitability [56] - The trader's win rate is in the high to medium 30% range, indicating that managing losses is crucial [27] Confluence Factors - The "oversight underside retest" is a key confluence factor, involving price breaking and retesting trend levels [29][30] - Fibonacci projections are used to identify potential trend reversals based on the golden ratio [33][34] - The strategy considers whether a five-wave pattern is complete and if the Fibonacci levels align with potential reversal points [36][37] Entry Model - The entry model involves waiting for price to come down into the midpoint of a fair value gap, known as the consequential encroachment level [38] - The trader anticipates these levels and positions risk outside of the candle producing the fair value gap [39][41] - Risk is reduced systematically as the trade moves in the desired direction [53]

Trading Strategy Overview - The core strategy revolves around identifying high probability trading conditions, systematizing the approach with rules, and refining entries using confluences [8][10][12] - The strategy aims for a win rate of approximately 40%, emphasizing maximizing profits when correct and minimizing losses when incorrect [7] - Key elements include identifying fair value gaps, change of character, and trend breaks with overside/underside retests [15][17][20] Model Implementation - The model uses indicators for change of character, break of structure levels, and fair value gaps [25][26] - Entry points are determined by identifying trends, waiting for breakouts, and targeting the midpoint of fair value gaps [30][31] - Risk management involves reducing risk when the trade moves favorably, potentially creating risk-free trades [37] Confluence Filters - Elliott Wave trend analysis and Fibonacci zones are used as additional layers of confirmation to improve trade selection [56][57] - Fibonacci retracements, particularly the 61.8% golden ratio, help identify potential continuation points in trends [61] - Trend-based Fibonacci extensions are used to anticipate the end of waves and time reversals [62] Real-Time Application - The report provides examples of real-time trades, demonstrating the execution of the model and risk management techniques [36][45][48] - Multi-time frame analysis is used to time exit points [46] - The strategy emphasizes getting in early on trends and allowing them to play out [43]