Jesse Rogers breaks down the first candle rule: use the first 30-minute candle after market open to set high and low, then trade into those levels on the 5-minute chart with a fair value gap confirmation. Risk stops at low five-minute candle bodies, target 2:1 reward.
Bro to bro, you're not a bad trader. You've just been misguided and given a bunch of complicated strategies that just don't work. But the setup I'm about to teach you right now changed everything for me. And it is so stupid simple. This is called the first candle rule. And all you need in order to execute is the first 30 minute candle of the day. Here's how it works. Each day after the 9:30am Open, we mark out the high and the low of the first 30 minute candle. Because the first 30 minutes of the day is the highest volume of the entire session. Then we drop to the five minute chart and we wait for the price to either trade into the high or the low. And after that, in order to get confirmation to enter a trade, we need to see a fair value gap back into the range. And that's our confirmation to enter. Because this tells us that the market is moving with a lot of force after reacting to liquidity. From the first 30 minutes of the day, our stop goes at the lowest candle bodies on the five minute chart and we target a fixed two to one risk to reward. No overthinking, no complicating. Just one stupid simple move repeated every single day. To finally become a profitable trader, you need to save this post. That way, when it comes time to trade, you have this strategy ready to.
