My SIMPLE $500/Day Trading Strategy To Make Daily Profit (10x Strategy)

135.69k views8258 WordsCopy TextShare
Craig Percoco
In this video I’ll be covering a simple daily Trading process you can use each day to trend follow t...
Video Transcript:
in this video I'll be covering a simple daily process that you can use to follow Trends take multiple trades per day and create an income generating machine for yourself okay this strategy has simple defined steps a simple systematic approach and are even alerted out algorithmically via our Discord all right so this system in resources that I'm going to be sharing with you guys is what I'm using to now be on a 19 trade win streak averaging around $1,000 in profit per trade that I've been documenting for you guys on YouTube it's also allowing members of
our private team to do things like 25x their account and turn like $96 into 2100 $ in about a week's time so in order to show you this process I'll first show you a breakdown of the strategy then I'll go over all the charting tools and resources that you'll need then I'll use these tools to show you how I set up these trades as well as some live examples of me trading this in real time then I'll show you some cool optimizations to increase the win rate then at the end I'll show you a way
you can test a strategy for yourself to get the proof of concept and be able to test your own results so if that sounds good make sure you hit the like button on the video subscribe to the channel if you like trading and investing check us out on Instagram and Discord we have an amazing trading Community also let me know in the comments if you like this view or the other view better all right so let's first dive into exactly how this system works okay I'm going to break it down piece by piece and then
like I said I'm going to put it all together so you'll be able to get a holistic view but I want to break down each step because the having the foundation and understanding how it works is super important so the very general premise of the system is to allow us to be able to trade in the direction of a current Trend and use different market indicators in approaches to be able to ensure that we can get into dip by levels in this current Trend and then have the price continue in our Direction and be able
to have an extremely high win rate so like I said we can profit off of following Trends there's a few steps we need to follow with this system and this is going to be part of the daily checklist process so first part of this system is to wait for the volatility to die down in the New York session so you'll see later on on our charts we're going to have a gray box in this example it's green basically showing us when the New York Stock Exchange opens now US Stock Exchange can lead to a lot
of volatility in the market and for this system we kind of want to avoid big moves up or down in the market that are driven by fundamentals we're looking to just get in get out sort of make money off of the small fluctuations in the market so the goal is to completely avoid from 9:00 a.m. to about 11:30 so that we can see the direction that the Market's moving and avoid some of that crazy fundamental volatility from the New York Stock open for step two of the system we're going to be finding the high and
lows that happened on our chart during this New York session so for example here if we have this high and this low we'll see if the price is first able to break out of this high or if it's going to break down that low which is going to help us determine the general direction that the market could potentially continue to move throughout the rest of the trading session so once we have the thesis for our Trend direction for that day we're going to be waiting for our 2050 and 200 day exponential moving average to all
show up as green to give us further confirmation that we're actually in a trending state in the market okay and this is going to be part of an indicator that I'm going to show you how to add to your charts for completely free all right so once we have our moving averages and our Trend direction we're then going to be finding our trading range which is going to be after these moving averages all change to one color finding the lowest point to the highest point which is going to give us our our trading range for
this system okay once we have our trading range this is where our custom indicators are really going to shine okay so we have our Trend direction we have our EMAs lined up we have our high and lows we're going to use this custom FIB setting which I'm going to go into much more detail here but you can see the settings right here if you already have fibs on your trading view it's going to look something like this and we're going to start our Fibonacci at this high for a long end our Fibonacci here right and
with all of these settings we're going to have our entry level our first dip by level our second dip by level and our stop loss by fib a indicator values that we can set as a preset and then use in conjunction with some of the tools that I'm going to show you for now all you really need to know is that we're going to be dragging FIB across our trading range and then setting values for entries dip by levels stop loss and take profits so really what we're doing is setting up a fib even if
this does chop around and hit our entry and go to full profit or this wants to dip down further and then have a small correction the goal is to be able to get out for full profit we actually built a custom calculator once we actually back tested and found crazy results on this process and the cool thing about this system is this isn't really intuitive but once we started testing things with numbers and algorithms we actually found this pocket in the market of course we go into way more depth on the private side of our
team but I can still share this strategy that we know Works based on our deep back testing I can pop some of the results up on the screen here at least enough with you guys to be able to get started and start using this on your own with the free resources that we have so to quickly recap before we move on we're waiting for the New York session to end then we're marking the high and low it was made during this New York open session and wait waiting for one of those to break once we
have that directional bias for the day we're waiting for our moving averages to turn all one color then we're setting our trading range from the most recent low before the moving average cross in the high and then we're going to be using our custom FIB settings in calculators to be able to start at the beginning of the trend click down to here have all of our automatic orders and input them with the calculator and then let the trade play out all right so let's shift gears here and talk about all of the tools that we're
going to need to be able to complete this process so first thing is going to be trading view if you don't already have trading View this is how we're doing all of our charting with whatever we're trading if you need an intro to basic charting I have a trading view tutorial setup video as well as some basic trading education that you can watch if you ever get lost at any point in this video but trading view is going to be where we're going to be doing our charting then the next thing is going to be
our position size calculator okay so this is in the resources of the description okay should be called trading tools you can go in there download that and in that is going to give you access to the indicator this calculator and all of the tools that I'm referring to in this video make sure when you open this link you can just create a copy that's going to give us our calculator Okay the third thing that you're going to need is some sort of exchange to trade the markets depending on the market is going to determine which
exchange you're using okay for cryptocurrency I found that bybit and femx works with these order types and also has enough leverage for you to be able to take these positions Okay the third thing is going to be our Discord server once you join into our Discord Community you'll see a channel here called smart alerts and the system I'm going to be sharing with you is going to appear something like this and you can use this process to find these opportunities look at the time and then look to set up these trades and see if it
follows your rules and then the fourth thing is going to be your trade tracker so regardless of the trade tracker that you're using you need to be paying attention to the profit that you make each trade your winning percentage your average risk reward and all of this data that I'm going to show you how to fill out in a second and I'm going to show you examples of as well okay like I said everything is going to be shared with you in the description so you can either add all this as you go or watch
this one time to learn it and then watch it again while you have all your tools set up to implement it all right also if you find this dope make sure you hit the like button on the video and helps to show me that you appreciate me making this video but in order for you to actually like it I have to show you that it works so let's get into the first step of setting up our trading view chart so when you hop into trading View and you get the tools in the description you're going
to add something called the it Foundation indicator and what this is going to show us is a few things first thing it's going to show us once again is that New York session open time okay if you don't want to add these indicators you can totally do this on yourself too so Lux algo actually has a really good session indicator we have the total New York session as well as the total London session here and you can just use Simple moving averages and change them in the settings value here to be exponential and then change
the length whatever 20 50 whatever you want for sake of Simplicity I like having it all in one indicator okay so this is showing us our no trade zone and then this moving average is showing us our Trend Direction so notice how when the 20 is over the 50 over the 200 all of these are green and then when we get a momentum shift in the trend the 20 goes under the 50 under the 200 and now we have a general Trend Direction all right so let's talk about Fib settings the way you can set
this up is by clicking over into this menu and going into fib retracement and then just click from this part in the chart go down a little bit and click again and then just hit the settings wheel and apply all of these settings all right so this is our stop-loss level this is our first dip by level this is our entry level right here our take profit in green and then .17 is our second dip by level then you can just hit this wheel save this as a template you'll be good to go moving forward
with your trading so now I'm going to set one of these trades up and then I'm going to show you how to use the tools in resources on this first example then we're going to look at a few more examples and exactly how I traded them in real time so you can get a grasp on sort of the whole process all right so let's also refer to our system over here and show how it actually applies to a chart in real time so I have on right here on a 3 minute time frame meaning that
each of these candles is showing me 3 minutes worth of movement we have our New York session box here so now we need to wait for the price to leave this window okay so now we are officially outside of our New York zone so we've waited for our trade okay second thing that we're going to do is Mark these highs and lows so I like to use these horizontal lines here so you'll notice inside this session window this is our low point and this is our high point right here so as this moves forward this
is going to help determine which direction the market could potentially trend for the next few hours which is what we're going to try to trade okay there's a lot more that goes into this including daily bias and other technical analysis I'm not really going to dive into that today but these are some of the things that we do focus more on the private side of our trading team okay a lot of people don't know but you can make money as the markets move down too this isn't only trading things when they go up the thing
that I love about trading is regardless of the directions of the market I know I'm going to have a job because I know how to trade the markets in both directions so this is actually an example of me trading the market to the downside doing something called shorting so this is super cool and it works basically exactly the same just in a different direction so I really want to see a good conf confirmation and close below that so you can see we have this candle close and this candle close underneath this line so we're in
good shape for a confirmation in this direction okay so now we've checked off this process okay so the next thing that we need to do is wait for our moving averages to all be lined up the same color so as soon as we have this small Point under here showing us the 20s under the 50 under the 200 we have the green light confirmation from our Trends also from this closing below the session low for us to start looking into trading this trend okay so now step four is going to be finding our trading range
so just like we found the high in low right here so that means that we're going to be choosing this High Point right here and this lowest point before we have a turnaround in the market and this time considering the Market's moving down I'm actually going to click from this first low point right here and drag all the way up to this highest point right here all right you'll see this is going to give me all of my levels entry dip by one dip by two and our stop- loss value all right so let's move
on to step four which is actually adding and inputting our values okay so you can see we have our Trend direction we have all of our levels now we need to use our calculator to be able to know our expected profitability as well as the quantities to be adding at each level all right so now we're going to go over to our calculator on my Fibonacci if I go into this section here and I check this box which is going to show me prices that will put into parentheses the exact value at each point in
our FIB okay so when I go over to my calculator all I need to do is put in my account total same I'm trading with $20,000 okay you can trade this with as little or as much money as you want okay considering this is a short position we're going to click on short we're going to put in our ticker our first limit is going to be this entry value which in this case case is 12710 take profit is 124.21400 our second dip by level so that's going to show you your expected take profits depending on
which limits are hit and you'll notice if we get in on our original entry for this trade example and on the public side I want to keep the risk small so this calculator is accounting for using 10% risk which you can do the math if you're making between 2 to 2.5% on each trade and you can go on a 20 30 trade win streak you can really compound your account extremely quickly okay obviously on the private side of the team we lock in and we're studying this data and we teach Traders how to be extremely
Advanced so that they can use more of their account but for you guys on the public side I want you to have proof of concept and use a little bit smaller of some size to be able to get the process started so that you can test it out know it works for you and if you want to take it more seriously we have the resources and team value there for you to be able to do that okay but in order to make this a little bit more safe and digestible we started off with a little
bit lower risk for you guys on the public the expected profit on our first order would be 428 limit 1 431 and limit 2 is actually going to be 527 so the deeper this retraces into our limits the more money we're actually going to make if this turns around by a small amount now the cool thing about this system off of our first entry which would be right here if the price comes up and turns around gets us out for full profit that's great that's allowing us to follow this trend that's essentially what the goal
of this system is now say for example this comes up and touches our first dip by level you'll notice off of this limit order we actually have a new take profit that when you set these up into the exchange now our take profit level went from this value to 127.5 which would be right here so now all the price has to do is go down to this level a little bit even if it starts trading counter Trend to where we're going and we're going to make the same amount if not more profit than our original
takeprofit same is true with our secondary dip by level if this happens all we need is a little bit of a flip and then we'll be able to get out for full profit I'm not going to go over this in this video but what I've been doing actually based on my own data is realizing that I do have a lot of Trades that will hit this secondary dipy level and then turn all the way back around and go to my full profit Zone and considering even if this move happens I can get my full profit
amount if I hold this go all the way down to take profit I can make crazy large gains all right and then if it continues to move up against me I'll play this second dip by level and just get out at my normal rate so I have some hedge protection against it moving in the opposite direction if we do catch a move up to this dip by level and it turns all the way around okay I can make a crazy amount of risk factors and put myself ahead I don't recommend doing this until you have
all of your data tested to see if it would be profitable but with what I'm going to show you you can start doing these things if you collect the data you can start manipulating it and changing it coming up with some good ideas so just want to say that before we move forward okay so now we have all of our inputs so you'll see we have our quantities to input we have our leverage amount our expected take profits based on our account size okay so the next thing that you do is pick whatever exchange you're
going to be using in whatever Market that you're using all right you have your order price you have your quantity and then you can set up the stop loss and take profit that's going to be shown in these boxes right here once again if you want more examples of this and me putting the orders in in real time I document a lot of the trading sessions that I do and put them on YouTube for you guys some of these videos right here I'm going to link at the end of this video so you can sort
of lock in and watch some examples of me setting this up with the exchanges active so you can get a little bit better of a grasp of it happening in real time all right so now that we have our trade set up let's see how we actually watch this unfold in real time so right here the trade I located a local low and now we've come up through our level which is going to put our entry price here take profit down here stop loss way up here so now if we play the trade forward looks
like it's rounding the corner and sort of moving in this direction okay now trade comes up right here so you'll see in this instance we now have our second dip by level hit so now our new average price is going to move somewhere up here and our new takeprofit now is actually going to move right to this level here and you'll see in this example the next candle had a massive move down and would have gotten us out here for full profit okay the way I was trading this like I said earlier I actually held
off on taking profit on this move because I was hoping we get a big tank in this general direction and this probably would have put me up around 6 to $7,000 in one trade okay but that price actually didn't end up moving forward so then you'll see price moves back up hits our second dip by level which is going to move our average cost somewhere up here putting our takeprofit at this Zone at 12812 and then price moves right back down to this Zone which which got me out for about $1,170 in full profit all
right so now let's take a look at me actually trading this in real time so you can see the way it's supposed to look okay so you can see I'm already in this position here up about $200 so right here you'll see I did some other technical analysis that I'm going to show you a little bit later in this video but you'll see I marked off the high and lows of my Trend I had my entry zone right into these moving averages right at my proper FIB level okay so you'll notice now I have a
short position open price is starting to move in my direction all right and here is where we get our move up to our second limit orders so now you'll see that I got my second limit orders filled as the price continues to move in the direction then you'll see right here as we got that big candle dump off I started to go up $2,000 hoping that this would just absolutely tank once again giving me that sort of really really big trade that I was hoping for so I even went up about 25002 $600 at this
point all right then the price starts to reverse back up continues to Whiplash in the other direction pokes up through that secondary limit order and you'll see now based off of that volatility it's trading back into our range continues to push down we're up about $700 $800 and you can see we get our big push down for the $1,100 fill as we go out for full profit and you'll see for this trade example this this is actually alerted out short on the smart alerts that are automatically sent out to you guys via Discord so once
the trades fully come to fruition the next thing that I'm doing is taking a screenshot of the current setup okay then I'm pulling up my trade organizer so you can see right here this is the exact trade that I just showed you so I can actually open up a new sell here add the day that I took it the coin that I traded the system type that I chose you can actually trade whatever trading system that you want use this sheet and then you can actually set up filters to actually be able to filter based
on the system type okay I put the time frame that I traded the trade on whether it was a short or long position as well as the risk percentage on the trade the status of the outcome considering this was a win which limit order I got filled on which once again remember I told you how I was playing that secondary fill okay that's from studying this data over here and the ultimate p&l I had on the trade okay so if we go ahead and open up this card you'll see that I have the screenshot as
well of the trade so I can always refer back to it look at the setups then study my own results to improve moving forward and the cool part about this system is as you get into the EB and flow of the market you can just continue to take trades off of this all right so once we sort of got confirmation on this trade that the price was going to continue moving up for the session I wanted to make sure that I was following the direction of the market so just like how we did when we
marked off the low and high of the New York session I'm also doing that just in general making sure that when I am taking any sort of long position I'm longing into a positive strength so you'll see I mark off this exact High Point and this exact High Point once we have a break past that now I can start looking at potentially buying into this dip considering that we are breaking over this daily high and continuing to move in our Direction all right so I got my first push a candle close above these highs which
now looks like a confirmed uptrend for the day okay so we have our mov moving averages crossing here so now I'm setting up my Fibonacci for this trade all right so now I got my first dip by order in second dip by order filled and then you'll notice this candle actually Wicked up through and took us out for full profit right here okay so once again full profit trade all right so now let's watch me trading this in real time so once again I have my FIB settings here we got our first order filled right
in this Zone okay so you'll notice as the price comes down fills our next order starts to reverse into our direction we're up 250 400 500 800 and then it blows up through our take profit and gets us out of our entire position all right so once again then I went through I added this trade here I put the status of the win ended up making $887 on this trade which is a little bit light but sometimes you're going to lose some money due to slippage and actual order executions let's take a look at one
more long trade okay so this was well into New York session you'll see we have a local high broken here with our low and our high all of our moving averages confirmed so I get my first dip Buy on this Wick now price basically trades sideways a little bit later into the session comes down gets me filled off of this second dip by level all right and then starts making its way up puts me up about $700 sort of sitting around full profit and then takes up one more push and gets us out for full
profit here and that puts us up near another $1,000 on that trade okay this is a different trade that I took on AP but you can see even in one session here I was potentially even going to be up about $10,000 with that limit one that I was hoping to get once you learn processes like this and you can scale it up this is really how people are taking it to that next level and finding that consistency but here's the thing okay there are certain things that you can do technical analysis wise to improve your
win rate and I'm going to share with you now some of the quick tips and things that I've learned just from my seven years of trading that can improve the win rate of this strategy okay I'm not going to get into everything to be fair to the private team okay but I'm going to show you some of the tips that I've learned along the way I'm going to show you how you can practice this on your own in just a quick way to make sure that you're profitable and you have proof of concept before you
start actually implementing it all right so there's two major things that I use when I'm doing my technical analysis to help me avoid taking trades that I shouldn't and make sure that I'm setting myself up for high probability wins the first thing is going to be implementing something called an overside or Underside retest all right and this idea is based off of the fact that often times when you have areas that are broken out that used to be previous support zones support meaning the price is above it and can't break below it or it's below
it and can't break above it called resistance right so if we have a bounce price here bounce Point here here finally breaks through anytime the price is going to come back up on the opposite side after breaking through that strong wall and retesting it is almost always a heavy area of resistance or support depending on the direction of the trade okay you can see another example of it here if I use these levels as my low notice how we have a bounce bounce break resistance on this once again tests it before falling completely off so
there's a way we can use this type of analysis to make sure that our stop loss on these systems are at least below a potential bounce point that way if the price does bounce off of this trend move down a little bit and even say it continues moving in the opposite direction that quick little reaction should be enough to be able to get us out on a limit to win so that we can continue moving on with our trading system even if we were completely wrong about the direction of the trend okay so I'm going
to show you an example of me doing this so if we're considering that phenomenon say for example we have price trending something like this all right so now we'll be able to draw a trend line along Ong these highs so at any point once this trend breaks up through those lows okay as long as our moving averages are moving in the right direction if we were to say place a Fibonacci something like from this low to that low even if this price ends up moving down in hitting our secondary limit now that this is broken
out of previous resistance there's a high chance that even for a small blip of time this top part of this trend will become support enough to get us out of this trade all right and if we just look at a realistic amount of time for our trades to unfold I would say something like this would give us a large window for us to get into a secondary limit fill and you'll notice even if this does take its time and move something like this before getting us into our second limit this is still going to make
contact with the oversight of this trend before hitting our stop loss which is going to still give us a pretty decent window of time to sort of Bank on the fact that this support will be able to get us out of the trade and sort of protect us from hitting stop loss okay an example of this not working would be if we had a much steeper Trend along here where we're dragging our trend line along these highs because you'll notice if we we are aiming to play this trend break even if this comes back up
if this were to retest our Trend okay you'll notice this is going to hit the stop-loss value before even reattempting the overside of this trend and what this is going to do is allow you to not play into Trends where you're really trying to catch the falling knife what we want to do is follow the general movement of the market all right and this is a way that I like to set up my trades to make sure that I'm trading pretty neutral markets in the right directional bias and the second strategy that I use to
increase the probability of me taking wins on these trades is using something called Elliot wave analysis now I add more on this concept in several other videos but basically this is an approach that I use to almost all my trading to be able to look at where we are in a current Trend So based on a psychological phenomenon Trends typically move in a five-wave pattern looking something like this where we have one 2 3 4 5 and then once we have that five wave established it's usually followed by an A B C move before either
making a continuation higher or changing Trend Direction altogether okay so if we're looking at our current trade Trend what I want to make sure that I'm doing is avoid getting out at the top of a five-wave structure and this is why I also like to see fresh Trend breaks because what this is going to signify is that this is potentially the first push up and if we're looking at a retest on this current Trend that could be the low of two and once we get a secondary push here okay we should get some sort of
response here on four before having five now if we're longing into the high of a five wave where say this trend already made its full structure and now we're rep playing this entire Trend there's a high chance based on my back testing a lot of the trades that I have lost have been when I'm longing into the five wave because I'm trying to long into a trend that's too well established already and I'm buying into the trend too high up so doing these two things in addition to a ton of other stuff that we talk
about on the private side of our team is how I can increase the probability of me winning these trades all right so now let's move into how you can actually start testing this on your own and getting the proof of concept that you need so this is a process that I do called back testing and essentially what we can use is this feature here that you've probably seen me using already on trading view which is called bar replay okay what this is going to allow us to do is click on this menu down below here
and either choose a random bar which is going to put us in a random place in time so we don't remember at all where we are in the market then we can start looking to see where in the market we're going to take our trades play it out in real time as if we would have taken it and then we can see if we're going to be profitable and successful in real time okay so what I like to do is click on this selected bar right here and then I'll just go back to a certain
point where I don't remember what happened in the market and then I'll just click and start trading from there and you can input your results into your trade log as you go and just title it something called back testing and that'll be perfect for you just to keep track of which one you're actually doing or you can simply just put it on your screen and keep track of your risk factors to get the repetitions in and then you can just do math at the end so I'm going to show you exactly how I like to
do this okay so also using this menu this is going to show us how fast the bars are going to replay so three is going to show us three candles every 1 second so as I play this forward this is going to put three candles moving in the same direction so you'll see now I'm on a 3-minute time frame now I can start looking for setup okay so the first thing that I'm noticing here is is the fact that we are we're after our New York session this is sort of trading in a downward Direction
okay what I do see is that we have a freshly broken Trend along this low where you can see now we're starting to break along those lows after getting rejected off this bottom I'm just going to talk you through exactly what I'm thinking and then we'll just start bar replaying these okay so I'm already looking at this as a potential long depending on how this holds and follows through okay see if we can get a higher push up okay so now we have all of our moving averages agreeing with one another so now if this
does take another move down I'm confident in taking this as a okay so now what I would do take my Fibonacci along this level to this low you'll see my overside retest is going to give me support into all my dipy levels okay so now we've made technically a new high here okay another High made okay so this is a perfect example now of me showing now I don't really have this layer of security so if this support level breaks and this decides to move all the way down this can hit my stop loss for
this fresh Trend break so now this trend is a little exhausted for me I'm not really interested in taking the setup a little too topheavy as well as not really choppy enough okay this looks like a really weird non good price action move so I'm going to try to avoid that okay so now you'll see we have a new New York session okay we get a big move up into the New York session I already don't like this price action cuz it's not natural right so I really want to see this start to move pretty
naturally and give us a daily bias okay so now we have our moving averages moving in this direction we had a big move up in this sort of reset so now we're in the middle of a comfortable Trading Zone where it was before so I'm actually okay with potentially looking into taking this as a short position to play to this downside momentum okay so we have our moving averages right here here's my high of day this is really where the trend started to begin so I'd be comfortable taking any sort of dip off of this
current move at this point okay so let's see now off of this low up to our high point here this would have got us in short okay so this is going to be our first short order and after taking way too long on this trade we finally get out for full profit here okay this trade took a little bit longer than we probably would have expected but this is our first profit now all I have to do here is do one limit one win so now I can just keep this here and that's going to
show me that I had a win over this period And I can just continue to trade this forward and take more trades okay so now we can go down onto a smaller time frame we do have a really really established downtrend here on Soul so I'm actually going to try to avoid taking short positions on this downtrend just because this could easily correct back up the same way it sort of sold off okay so now I'm going to play this forward to see if we have a continuation on our Trend all right so now you'll
notice we have a break of this overall downtrend and if I want my trades to take a little bit less time I can go a little bit tighter in on the frequencies so I can play a new long move on a move potentially like this so that would be my position play this forward we'd get long in this limit long on that limit and then we would have gone full profit off of here okay so now we can continue playing our bars forward okay so now we have our next New York session get a big
move down on the New York session all right so now we have a fresh low broken below our low during New York so off of this current move here this is a pretty big Big Move I'm going to play into the momentum here on this so we'll see if we can get filled okay and you'll see we got filled off of this perfectly on that limit and then came down and blew through our full takeprofit level okay so that's another full profit trade in a row and I'm just going to make this an entry win
and then continue all right so after a move something like this I'm going to actually wait for this to start trickling and moving in this direction before I even start taking another trade just cuz we've had so much downwards price I'm not going to continue shorting into a move like this okay so you'll notice we're starting to move a little bit in the positive direction here okay so now we start to get some momentum to the upside okay so this is a push that I like to see now we actually have a change so I
would actually be comfortable longing into this as well so take from this low to that high so we would have been in Long right here looks like we could get momentum to full profit all right at this point I I would close my trade out this has been like two sessions it shouldn't be taking that long but I'm going to let it play out just for the sake of the back testing let's get some momentum into New York and let's get out of this trade okay here we go so we're now we're out of this
trade for a full profit it took almost two trading sessions so we'll move past that it can be frustrating sometimes but another win EU win beautiful so what I like to see is momentum into this New York session now okay so 1 2 3 4 if we can get a pullback off of this level I'm going to really like this as a long trade getting to be a little bit tall of a trend a little too steep Now 1 2 3 four I'm not going to trade this I might trade it to the downside if
we get a little bit more movement down there okay continues making its run okay so now we first got a a really nice push down problem is we really want choppy price action right we really want that that sideways chop this is really directionally driven so probably not going to be the best setup here all right so if we take our low point off of here up to our highest point right there we're short into the market price comes down takes us out for another full profit trade so I'm not going to keep bar replaying
this I've done this for a long time okay but I wanted to show you guys here pretty simply taking some pretty big ranges now on the private side of our team we're taking much smaller ranges doing scalping so we can sometimes take like five or 10 trades a day even sometimes right but just to show you an example of how this works just from what I did in real time in front of you we have 1 2 3 4 five winners over the course of a couple days so even though the risk profile on this
trade is higher than usual this strategy is going to allow you to take a lot of Trades and as long as you're following the general direction of the market you can know based off of your system requirements how many wins you should be able to get but from what I'm showing you it's quite possible to be able to get this high of a win rate which can allow you to significantly compound your gains which is exactly what a lot of our members are doing once again I always love shouting up PJ pan he's one with
33 wins in one loss one of our other private team members 3L seven wins in a row right before he started his weekend which is always good and just a ton of other members cleaning up you can see this was what I was referring to in the beginning of the video $96 to $2,100 after 7 Days of trading he gave a big shout out to our trading team which is one of the most fulfilling parts of doing this entire thing but anyways I just wanted to break down a simple way you can get started trading
this process we've done a lot of developing and a lot of testing so I want to make sure that we're sharing it with the world and that I'm showing what I've been using over the past month to absolutely clean up and a little bit more about what we do here at anev trade okay if you're still here and you like the video make sure you hit the like button for the YouTu algorithm okay subscribe to the channel if you like trading investing and you think that my videos are interesting okay that's going to help you
know when I drop videos to be able to watch those okay we have a great community in our Discord make sure you take advantage of all the free resources the community everything let me know in the comments how you like this video but until next time I will see you all in the next video [Music]
Related Videos
How I Went from $500 to Half a Billion in 5 Years
13:16
How I Went from $500 to Half a Billion in ...
Davie Fogarty
4,372,519 views
How To Start Day Trading Like A Pro In 30 Days [Beginner Guide 2024]
35:23
How To Start Day Trading Like A Pro In 30 ...
Craig Percoco
66,012 views
Support And Resistance Didn't Work Till I Discovered This SECRET
39:19
Support And Resistance Didn't Work Till I ...
Rayner Teo
1,643,199 views
I Found The SIMPLEST Process To Become A Profitable Trader in 2024
22:04
I Found The SIMPLEST Process To Become A P...
Craig Percoco
39,571 views
Scalping Is Hard (Until You See This)
26:58
Scalping Is Hard (Until You See This)
SMB Capital
191,123 views
How I turned $600 into $16,013.06 in 20 days | SMALL ACCOUNT CHALLENGE
48:08
How I turned $600 into $16,013.06 in 20 da...
Ross Cameron - Warrior Trading
477,591 views
Umar Ashraf revealed MILLIONAIRE'S TRADING STRATEGY @UmarAshraf28
54:42
Umar Ashraf revealed MILLIONAIRE'S TRADING...
Humbled Trader
159,827 views
How to Start Day Trading As A Beginner [2024 Full Guide]
26:04
How to Start Day Trading As A Beginner [20...
Craig Percoco
88,786 views
Trading 5 minutes Time Frame (futures trading)
10:26
Trading 5 minutes Time Frame (futures trad...
Tori Trades
112,411 views
The ONLY Candlestick Pattern You'll EVER Need (Full Training)
55:11
The ONLY Candlestick Pattern You'll EVER N...
Ross Cameron - Warrior Trading
687,295 views
My Incredibly Easy Scalping Strategy To Make $250/Day In 30 Minutes
13:39
My Incredibly Easy Scalping Strategy To Ma...
Riley Coleman
130,665 views
I Gave My Terrible Trading Bot $10,000 to Trade Stocks
16:05
I Gave My Terrible Trading Bot $10,000 to ...
Coding with Lewis
490,638 views
How I Make $1,000/Day with ONE Simple Strategy [100x Trading Tutorial]
24:28
How I Make $1,000/Day with ONE Simple Stra...
Craig Percoco
353,239 views
Every Trading Strategy Explained in 12 Minutes
12:01
Every Trading Strategy Explained in 12 Min...
Data Trader
820,289 views
How to Read Candlestick Charts (with ZERO experience)
55:18
How to Read Candlestick Charts (with ZERO ...
Ross Cameron - Warrior Trading
1,932,839 views
How To Use TradingView For Beginners (FULL Tutorial 2024)
39:16
How To Use TradingView For Beginners (FULL...
Craig Percoco
45,396 views
How To Invest in Crypto as A COMPLETE Beginner [2024 GUIDE]
37:30
How To Invest in Crypto as A COMPLETE Begi...
Craig Percoco
249,426 views
The Trader Who SHOOK MARKETS With a Single Trade
32:14
The Trader Who SHOOK MARKETS With a Single...
MegaloMedia
284,953 views
How to Make $300 a Day Trading Crypto In 2024 (BEGINNER GUIDE)
18:21
How to Make $300 a Day Trading Crypto In 2...
Craig Percoco
304,862 views
This SMC SNIPER Entry Strategy Will Make You $100,000 in 2024 (step by step)
28:33
This SMC SNIPER Entry Strategy Will Make Y...
The Trading Geek
250,829 views
Copyright © 2024. Made with ♥ in London by YTScribe.com