How To Plan Your Trading In 5 Minutes

I only spend five minutes planning my entire trading day and then I ignore my charts. It's boring, but somehow it works. And it made me over a hundred thousand dollars in a single month. At 9.30am, the first five minute candle of the day opens. After it closes, I mark the high and the low and that is literally it. Those are my two levels. My entire game plan for the day comes from those five minutes. Now I drop to the one minute chart and I set alerts on those two levels. I'm not sitting there watching every tick. I'm waiting for the market to tell me when it's ready. And when price breaks one of those levels, I check for two things. First, a fair value gap. A three candle pattern where the middle candle moves with such force that it creates a gap between the first and the third candles. Wicks. This tells me whether buyers or sellers are in control. Second, a retest and an engulfing candle. The market pulls back into the gap and an engulfing candle completely covers the retest candle. And once I see both of these things, I enter the trade with my target at a 3 to 1 risk to reward. Save this video so you stop wasting hours glued to your screen.