Jesse Rogers breaks down a scalping strategy called the first candle rule: mark the high and low of the 5-minute candle at market open, switch to a 1-minute chart, and enter when price breaks those levels. Target is a fixed 2:1 risk-to-reward ratio.
Between 9:30 and 9:35am (the first 5-minute candle).
1-minute chart.
2:1 risk-to-reward.
There's this one candle that gives me everything that I need to scalp every single day. The exact entry, stop, loss and target. Everything comes from just one candle and I can count on it more than anything I've traded in my entire nine year career. So if you're blowing accounts, if you're struggling or if you're overtrading, this is what you're missing. It's called the first candle rule and it's going to sound boring, but that's actually why it works. I don't check the news, I don't have opinions about where the market should go. I. I just show up every day at 9:30am, mark two lines and let the market make the decisions for me. Same routine, same levels, same confirmation pattern every single day. Mark out the high and the low of the first 5 minute candle that forms between 9:30 and 9:35am and then drop down to a 1 minute chart and wait for a break above the high or below the low. And what you're looking for is a fair value gap to break out of the range. And once that happens, you have your confirmation to enter and the target is a fixed 2 to 1 risk to reward. No overthinking because there's nothing to think about with this strategy. No second guessing either because the rules are crystal clear. Just trading a simple yet repeatable strategy that is going to make you more consistent than you ever thought was possible. Now, if you want to learn more about trading for free, comment, join and I'll send you an invite to my free trading community.
