A short instructional YouTube presentation (transcript) describing a simplified day-trading method distilled from nine years of experience. The method focuses on trading a single 5-minute candle at 9:30am ET: mark its high/low as the only key levels, drop to a 1-minute chart to wait for a fair value gap (wick gap through the level), wait for a retest confirmed by an engulfing candle, place a stop at the first candle of the fair value gap, and use a fixed 3:1 risk-to-reward target.
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After nine years of trading, I finally stripped my entire strategy down to one thing. Trading just one candle every single day.
That's it.
And the craziest part is that I'm more profitable now than whenever I used.
To use complicated strategies. Here is what that one candle strategy looks like.
First, get to your desk at the.
Same time every single day. 9:30am Eastern Standard Time.
Start out on the five minute chart.
And wait for the first candle to close.
This one candle is going to give.
You everything that you need for your entire trading day.
Because once it closes, you're going to mark out the high and the low and those are your only key levels that you need.
Next, drop down to the one minute chart. Now, this is where we're going to find our trade entry.
And here is where most people mess.
This up, so pay very close attention.
When price approaches one of these levels.
You do not just jump in.
You need to see a very specific behavior. What you want to see is price breaking through your level and creating a.
Gap between the candle wicks, not just a wick through the level and definitely not a candle close. That is not enough.
You need that gap formation because this tells us that the market is moving with real force. And once we see this, we know.
Who is in control of the market well, whether it's buyers or sellers.
And after this gap forms, we need.
One more confirmation to enter our trade. This helps us avoid the losing trades and stay consistent. Once the market retests the fair value.
Gap, we need to see a candle.
Engulfing, which completely covers the retest candle.
And as soon as we get that.
We enter the trade.
Stop goes at the first candle of.
The fair value gap and our target.
Is a fixed three to one risk to reward. This means that on your winning trades, you make three times as much as.
You lose when you're wrong. Trust me, when you follow this exactly as I'm showing you, the market does the heavy lifting for you.
