Jesse Rogers trades the first five-minute candle of the day at 9:30am EST, marking the high and low as his levels. He waits for a fair-value gap through one of those levels, enters on an engulfing candle retest, and uses a 3:1 risk-to-reward ratio. He says this simple method made over $100,000 in a month.
Questions this video answers
Over $100,000 in a single month.
9:30am EST.
Five-minute chart (the candle from 9:30 to 9:35am).
One-minute chart.
A fair-value gap — a gap between candle wicks showing momentum — plus a retest with an engulfing candle as entry confirmation.
Chapters
I trade one candle every day at the same time. And this boring strategy made me over $100,000 in a single month. Because the truth is, the more that you complicate your trading, the more money that you're going to lose. But the more that you simplify, the more you'll make. So here is my stupid, simple approach. This is called the first candle rule. First things first, you're going to get to your desk right at 9:30am EST and on the five minute chart, you're going to wait for the first candle to form, the one that happens at 9:30 to 9:35am and believe it or not, this one candle is going to give you everything you need to find consistent winning trades. Once that candle closes, you're going to mark out the high and the low. And these are the only key levels that you need for the entire trading day. Next, you're going to drop down to the 1 minute chart and this is where we're going to find our entry. And this is also where most people mess this up. So I want you to pay very close attention. When price approaches one of these levels, you don't just jump in. You want to see a very specific type of behavior. You want to see price to break through your level and create a gap between the candle wicks, not just a wick or a candle closure. That is not enough. You need that gap formation because this tells us the market is moving with real force and, and we're able to know who is in control of the market, whether it's buyers or sellers. And once this gap forms, we only need to wait for one more confirmation to enter our trades. And this helps us avoid the losers. Once the market retests this fair value gap, we need to see a candle engulfing. And as soon as we get that, we enter the trade and we target a fixed 3 to 1 risk to reward. And trust me, when you follow this exactly as I'm showing you, the the market does the heavy lifting for you. Now save this video so you can study this simple strategy again and again.
