I assume targeting the high of the B leg would be the safest bet but how do you distinguish how long to hold? I'm assuming it depends on multiple factors but anything in particular? Like a previous or current day high, VWAP, a certain EMA, etc, anything like that?

You can make a backtesting with the concept of "harmonic retracement", which says that the legs would be approximately same distance. Lets say the A leg is something around 10 points, once B leg is over you can enter and aim for a 10 point upward move. It works generally but ofcourse backtesting is always important@@DriftEntry101

@@DriftEntry101 it could any number of things but your exit will ultimately be determined by price action (or if you're into indicators, a chandelier type stop etc) but remember when you do look for these trades, leg A has to take out the previous high and leg B cannot take out the previous low this is the most basic trend trade. higher highs and higher lows...otherwise its not a trend trade. thats all ABCD trades are

@@DriftEntry101 You wait for a horizontal consolidation and then enter once it's broken. Some important points include post and premarket highs and lows.

@@RowdyLpx ? I was talking about exit, not entry

60 an enormous edge

will do!

Same here. Most volatile periods

This is a long lmao jk.

35% win would be pretty tough to handle for me personally. Have you tried tweaking it or having some other confluence factors? Higher time frame, etc.. Ty

@@RommyAli my sample was over 4 months and little more than 200 trades all in real time, the key for me was winning 3 times as much risk.. i risked 300 to make 1000 on NQ on a tick chart and i found hard to have consecutive days stopped out, which was also key to maitain the risk reward in control, because i could not take 2 stops a day. So emotionally taking a hit and closing the computer was challenging but necessary, i ended up swimg trading as i found it more suitable for my mental enviroment 👍but the system is profitable is just very hard to not overtrade you have to keep emotions in check and respect your plan 100%

And the RR ratio? How you taking profits? Trailing or at a fixed target area?

​@@RommyAliwell depends how you look at it. Imagine you put 1 Lot on the trade with a tight stop, something like 3-5pips. You lost 65% of the time but the other 35 it runs for like 25-50pips. It could be a huge edge in the playbook.

you should only take the setup if the high of leg takes out a previous high whether its a continuation or change in trend and the b leg cannot take out the previous low. then you shouldn't have to be in the market very long and your win rate will go way up

On the 1 minute chart? Really?

@@Eli-zg3tj yeah this happens daily. not the same magnitude or market. but it happens all the time...i dunno what theyre talking about LOL

haha

If you’re scalping on 1 minute candle sticks. Closing the entire position is probably best. And look for more scalping opportunities… Some people close portions of their positions and move their stop losses to break even or the previous candle low/high of their trade… in general when scalping your trades will generally last anywhere from like 10 seconds to a couple hours… imo

Probably short-term traders taking profits,..rinse n repeat

nice Tom!

6 days

@@tuna3875 ?

These are 1 min candle sticks and the best time for this trade is post AM session or midday

One minute. I’ve been trading seven years and it works!

@@roberthamlin6638 Just curious what would my stop loss and take profit be looking like? ive been trying all sorts of things for two years and im in a bit of a sputter really would like a consistent 60[40 winner

half at the break of high from leg A and then the other half when momentum slows. Hard to condense everything into 1 min video. This short clip is part of our new scalping program we are putting together

1:1 risk to reward minimum

Daily

Yes it’s all fractal

Or 5 minutes of up trend , at least in this case

this is a very specific scalp strategy so it's going to work much better on a 1 min vs 3-5min. We are looking for that strong move up followed by controlled retracement then break back higher

@@smbcapital Thank you for the response

Hi, can i use this strategy on forex as well, thank you for the help you are offering to us new to trading

hes the head prop trader at a SMB capital nerd. Just because he makes a youtube video doesnt make him a youtuber.

He's explaining a bunch of BS😅

Every single day, multiple times per day

@@swooopg i guess you're willing to stay glued to a one minute chart and wait for that set up . have you tried it ?

@@socawarrior1263 no I trade off higher time frames, but it does happen

Why do you say that?

@@danielhoward4566 on a 1 min time frame how many times you can think you have spotted the pattern and maybe buying into a resistance. yes stop looks great but on 1 min i for sure can see this time after time.

@@theboycm1 I agree that it isn't the best pattern to trade but the video says it is the easiest. (Probably the easiest to spot) ;-) I wouldn't trade this, I don't like it when a stock is selling off like this no matter "how controlled" the pullback looks.

this is a very specific scalp trade. If the exact criteria isn't met you don't take the trade. It won't setup often but when it does, the probabilities are high which is what you want