A day trader shares a method using the 9:30-9:35am five-minute candle to find entries on the one-minute chart, watching for fair value gaps and a 2:1 risk-to-reward ratio. The speaker claims this approach earned over $100,000 in one month.
I only use one candle to trade every single day and it made me over $100,000 in a single month. But unlike most traders, I didn't use the higher time frames or complicated strategies. I just followed this one simple and repeatable method that takes less than an hour of work every single day. Here is how it works. First, you're going to mark the high and the low of the 5 minute candle that forms between 9:30 and 9:35am Then drop down to the 1 minute chart and look for a break. Now, to confirm a good break, you need a specific type of behavior. And no, it is not just a candle closure and it's most certainly not just a wick. What you're looking for is called a fair value gap. And this shows us that either buyers or sellers are taking control and we want to be on the right side of the market. Once this happens, you enter the trade and you put your stop loss at the first candle that closed outside the range. And as for our target, you just use a fixed 2 to 1 risk to reward. Then repeat this every single day. Now save this video for when you're testing it. That way you can ensure that you get it right.
