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1 2 3 4 5 draw a box the box has broken
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enter a trade and take your profit if
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you like to learn this price action
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scalping strategy stay with me welcome
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back to another video so here and today
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I want to teach you a scalping strategy
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with no indicators and purely based on
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price action make sure you watch this
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video Until the End so you won't miss
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any important Point all right this is
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how we do it this trading strategy is
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run on 1 minute time frame and we enter
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a trade when a support or resistance
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level on 5 minutes time frame is broken
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I recommend not switching between 1
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minute and 5 minutes time frame and stay
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here on 1 minute time frame and do
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everything here so you can be more
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focused on what is going on with the
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price action as you know every one
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candle on 5 minutes time frame is five
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candles here on 1 minute time frame the
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candles on 5 minutes chart are opened
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and closed on multiple of five in the
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time AIS so here on 1 minute time frame
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we start with the candles that are
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multiple of five on time AIS this is
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actually where the 5 minute candle is
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opened 1 2 3 4 5 and at this time this
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is where the 5 minute candle is closed
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so here based on these five candles we
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draw a box from the highest high of
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these candles to the lowest low of these
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five candles again from the next candle
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which is multiple of five in time AIS
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and actually opening of next five 5
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minutes candle we start counting 1 2 3
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but before reaching to five If the
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previous box is broken we enter a trade
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if the box is not broken on five candles
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counting a new box should be drawn which
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I explained it later and make sure you
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watch it so you learn what you should do
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in that situation so we can enter a long
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position here at this point when this
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new candle is opened and the stop loss
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is placed below the low of the breaking
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candle this is our breaking candle so
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the stop loss is set here below its low
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and the profit at 1.5 risk to reward
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ratio while the position is open we
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don't count until the position is closed
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which happened here by the help of this
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candle so after this candle which our
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position is already closed we start
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counting from the candle which is on
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multiple of five on time axis which in
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this case is this one so 1 2 3 4 5 we
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draw a box from the highest high of
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these candles to the lowest low of these
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five candles candles and here by the
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next candle you can see that the box is
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broken so we can enter a long position
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here at this point when this new candle
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is opened with the stop- loss below the
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low of the breaking candle here this is
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our breaking candle so the stop loss is
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placed here and the profit at 1.5 risk
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reward ratio which happened here right
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after we entered the position please pay
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attention that this is a very short-term
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trading style and with a proper risk
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management strategy and position sizing
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technique you open large positions but
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with the risk in control which I'll
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explain later about this so make sure
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you won't miss it all right after this
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candle here these candles are not
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multiple of five on time axis and we
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start counting from here 1 2 3 four five
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we draw a box from the highest high of
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these five candles to the lowest low
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again from here we start counting one
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two and the box is broken here so now we
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can enter a short position here as this
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new candle is opened with the stop loss
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above the high of the breaking candle
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and the profit at 1.5 risk to reward
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ratio which is achieved here by the help
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of this candle all right when you take
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your profit again you start counting
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from the candle that is multiple of five
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on time access 1 2 3 4 five we draw a
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box from the highest high of the candle
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to the lowest low again we start
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counting 1 2 3 4 5 the candles couldn't
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break the box so again we draw a new box
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based on these five candles which is
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like this all right now we don't pay
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attention to this box anymore and the
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focus is on this box we always consider
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the last box to be broken from here we
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start counting 1 2 3 4 5 again the
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candles couldn't break this box so we uh
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draw a new box based on these five
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candles which is like this and now our
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focus is on on this box we start
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counting 1 2 3 4 5 again they couldn't
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break the Box we draw a new box based on
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these five candles and now we want a
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break out of this box which happened
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here by the help of this candle so a
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short position could be opened here as
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this new candle was opened with the stop
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loss above the high of the breaking
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candle and the profit at 1.5 rest to the
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world ratio which happened here by the
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help of this candle and in practice we
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would take our profit here as I
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mentioned earlier during the times that
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you have an open position you don't
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count but when your position is closed
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again from the candle which is multiple
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of five on time access you start
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counting and draw a new box as I said
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this is a very short-term trading style
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and you must have a strict risk
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management strategy in place with proper
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position sizing calculations so you can
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limit your losses and on the other hand
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achieve the expected profit without a
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proper risk management strategy you
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cannot be successful and profitable with
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this trading strategy I highly recommend
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using 1% risk management strategy which
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is a perfect choice for scalping
00:05:38
strategies like this by the help of this
00:05:40
risk management strategy based on your
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stoploss you calculate your Poss size in
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a way that you will lose only 1% of your
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trading account in case if the price
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turns against your position and hit your
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stop- loss I have a complete guide on
00:05:54
this risk management strategy the link
00:05:56
is also placed in the description and I
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highly recommend you to watch it because
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without a proper risk management
00:06:02
strategy you cannot become a successful
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Trader all right that's it thank you for
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watching this video if you have any
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questions feel free to ask and leave a
00:06:09
comment for me I'll answer your
00:06:11
questions as soon as possible if you
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haven't subscribed to my Channel Please
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Subscribe and hit the Bell so you get
00:06:17
the notifications of my new video see
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you guys in next video and good luck
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with your
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Trading
