The One Candle Strategy Every Day

I trade one candle every day. And I know it sounds crazy, but I ignore everything else because this one candle made me more money than anything 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 in three simple steps. First, mark the high and the low of the 5 minute candle that forms between 9:30 and 9:35am These two levels become your entire trading roadmap for the day. And for step two, you're going to drop down to the one minute chart and wait for a break. Now, to confirm this break, we need a specific type of behavior. And no, it is not a candle closure and it's definitely not just a wick. What we're looking for is a fair value gap. And this shows us whether buyers or sellers are in control. And trust me, you want to be on the right side of the market. And once this happens, we move to step number three, which is our trade entry. First, we're going to wait for price to dig into the fair value gap, but we're not going to enter just yet. We are waiting for one confirmation to filter out the losing trades. And that confirmation is an engulfing candle. Once the retest candle that traded into the fair value gap is engulfed, there is our entry. We place our stop below the low and we target a fixed 3 to 1 risk to reward. Now, I want you to save this so that you can study this strategy whenever it comes time to trade.