Jesse Rogers explains a scalping method that trades the first five-minute candle's breakout after the 9:30am open. Wait for a three-candle fair value gap, a retest, then an engulfing candle on the one-minute chart. Use a 3:1 risk-to-reward target and finish in under 90 minutes.
This one minute scalping strategy works every single day and it's so stupid simple that even a complete beginner couldn't mess it up. I've tested it over thousands of trades and it consistently gives me winning days like this, this and this. And the best part is that it takes less than 90 minutes of work per day. Let me explain. This is called the first candle rule. And all you need to execute it is the first five minute candle of the day. Each day after the 9:30am Open, you're going to wait for the first five minute candle to close. And after that candle closes, you mark out the high and the low and then you drop down to the 1 minute chart and wait for the market to break one of these levels. But we need a very specific type of behavior to confirm a break. And no, it is not just a candle closure and most certainly not just a wick. And what we're looking for is a displacement and the pattern we use to confirm this is a fair value gap. Now, fair value gaps are really simple. They're just three candle patterns that are created when the market moves with a lot of force and leaves a gap between the first and the third candles. Wick. Now, once the fair value gap forms, we still need to wait for our confirmation, which is a candle digging and retesting the fair value gap followed by an engulfing candle. Once this engulfing candle closes, we enter the trade and target a fixed 3 to 1 risk to reward. This means that on your winning trades, you're going to make three times as much as you lose on the losing trades. Simple, mechanical and repeatable.
