I Only Trade This One Candle Daily

I only trade this one candle every single day. And I know it sounds crazy, but I ignore everything else because this one candle made me more than anything else that I've tested in my nine year career. In fact, it made me over $100,000 in a single month. But enough said, here is my boring but profitable approach. This is called the first candle rule and it removes every single point of doubt from your trading day. Every morning you know exactly what you're looking for to mark the high and the low of the first five minute candle that forms between 9:30 and in 9:35am EST. And then you drop down to the one minute chart and wait for the high or low to break. Now what makes the break valid? Well, you're definitely not going to guess or use candle closures because I'm going to give you clear rules of what a real breakout looks like. Breakouts in this strategy have two key factors that make them valid. Key factor number one is a fair value gap. Now if you're wondering what a fair value gap is, they're really simple. They're just a three candle pattern that's created when the market moves with a lot of force. Leaves a gap between the first and third candles Wick see here how they don't overlap and that is a fair value gap. Now the next key factor is we need for a candle to retest the fair value gap and get engulfed. Once we have this engulfing candle, we're good to enter the trade and place our stop one tick under the low. And then for our target, there's no overthinking or picking a higher time frame level because we just target a fixed 3 to 1 risk to reward. Now save this video so you can study this strategy again and again.