Okay, this is Andrew and YouTube and welcome back guys to my channel So in this video, I'm going to show you and demonstrate you, which is the one of the most popular 5-minute scalping strategies.

So in this scalping strategy, if you learn the scalping strategy guys, you can generate short-term profits you know on day to day basis basically because this strategy is specifically for short-term profits and short-term profits only so I'm gonna show you how to get into the trade and how to exit the trade and how to Develop the you know, and this trading strategy on your side so that you can be successful Yeah guys.

So without any further delays, let's get started Furgus let's get right into it.

So for this powerful strategy guys, it will tell you know, Make sure guys you pay attention to Miss video Make sure also guys that you practice a paper trading or demo account trading with this strategy You know for at least a couple of weeks Until you are ready to invest real money cut this Rattray has been tested back tested and this strategy is actually from the book Ok, so this strategy has been available for a long long time.

Although I have not seen People, you know recently you don't know actually showing this strategy to the public but this is powerful strategy guys.

So let's get started So first things first guys four six first if you new to my channel, make sure you click on that subscribe button So that you will never miss any of my videos news releases.

So let's get to it guys So this strategy guys you need so you need a couple of things thing number one We can thing number one, you know, when we look at this strategy.

We will look at two charts and two charts only five minute chart and One hour chart, okay Five minute chart and one hour chart.

Okay, and so for the five minute chart, we will need to place three Exponential moving average lines how do that I showed you many times before and I'm gonna show you again.

So we need three EMA's three exponential moving average lines, so E-m-s okay, we need three of them and how to do it really simple and just simply click here on in so this guy's is a Trading view calm you can also play use the strategy on any chopping solution on metatrader4 metatrader5, you know your own brokerage, you know you Charting solution for provided by your broker, but those chatting solutions I don't you know what I command you to use because I only use you know, external charmix solution Which is for example My favorite is training new comm and basically how to place those really simple as usual indicators click on indicators and click here and search bar and search for e and a Search for EMA and and choose this one moving average exponential click on this three times and you see that you have a 1-2-3 MA is right here and then the settings, okay So the first one which will be read.

We put a length of 21 Then click ok, then the second one you go and you buy your colored blue and Your the length is 13 and click on OK and then the third one.

Okay, the third one Well, the book says that the third the shortest Exponential moving average lines should be 8 but I've tested these guys for many many months You know that I have used the strategy for offer.

I mean the first time I used the strategy was about three years ago Ok, then I use it and I kind of stopped, you know, because I was looking for a lot.

I no longer trades longer expires However, due to the fat guys.

I know that many of you are looking for short term trade short term profits That's why I'm here.

So basically the third one we'll put it on 9 Ok, so the length for the third line, which will be green put in length at 9 I'm gonna click ok, and now we can see that we have these three exponential long hard lines And now the same thing we do for the one hour chart But for 1 hour chart we can use only two lines Which shall be the 21 and the 9 the longest and the shortest and not the middle So we exclude the middle one for 1 hour chart So now when we have these expansion moving average lines set and placed On plotted on earth sharks now we are ready to look for the trading opportunity and basically, you know good training opportunities will be Whenever we see that Whenever we see that the candlesticks are below all the candlesticks are above all of the 3 exponential moving average lines, so Basically, we're looking for the rent exponential moving average line to be above The green one? Okay, like now I mean we are looking for We are looking for this like picture like this.

Ok.

Now looking at like this area We are looking at that we're looking at the markets are stable market are steadily going down Ourselves so in this case markets are steadily going down.

We are looking that there is that the Candlesticks are not touching the green explanation moving average line.

So looking at this nice picture Okay, that candlesticks are not touching it.

Okay So so like for example here that we see that candles are not are not touching it to say we're waiting We're waiting We're waiting for the first candles to break through the the exponential moving average line Like it happened in here Once it happens once we see that the candlestick is breaking through, you know Crossing the exponential moving average line the green one This is our trigger bar and a trigger the trigger bar baseba means and this is our first Confirmation that we are looking to go to place sale rates we are going with the trend We don't go against the trend we go with the trend and we are looking for the scalping opportunities to play sell trade Okay, and then we are going to exit the sell trade and then take the profit Okay.

Well, it's like to go.

Let's take a look at the chart.

So let's go back to the charts This is the first time I'm actually using trading you replay function first time I'm using the replay function, but it's gonna be easier for you to see how it happens in life.

Okay, so let's do it So now let's look so folks.

And this guy's okay.

We've Oaks in this area.

Okay, so let's do it Okay, so we're looking for a candles to be nicely comfortable, you know below three exponential moving average lines okay, nicely comfortable below because Now because they're nicely comfortable below we're not touching the exponential moving average lines This means that the markets is nicely steadily going down Okay, and the same for for a vice-versa for for up we know awkward moment They pay attention guys.

So common is kind of signal comfort comfortably forming.

Okay Nice again, another another red candle going down great another really great.

Look at a nice gap So look how beautifully the exponential moving average lines are forming.

Okay above the candlesticks And let's go on we are looking for the trigger candle We're looking for the candle toes to touch no run break through the exponential moving average line on a bottom Okay, next candle again the same direction great now, let's wait.

Okay green candle right great.

Okay next candle Okay, boom, look what happens this candle formed, you know, and this candle broke through this is the first scandal that broke through the The bottom of our exponential moving average line the green one see they touched it it broke through a little bit This is or trigger this means and now this is or or or or one confirmation Okay bottom of the confirmation cannot see this one.

And now when we see this one we are looking for we need four count five Candlesticks back.

Well, some books says five can be five candlesticks Some of the other forex books says that you need to count three candlesticks back, but it will be more risk-averse We need to care.

Let's count five candlesticks back and let's look at the high No, let's look at the lowest possible point for those candlesticks.

So this dorama kind of thing the drop true Okay, so let's count back five.

One, two, three, four five, okay And between those three five, which is the lowest point and the highest point.

So this the highest point is the lowest point and the lowest point will be or Our price where where we will enter the prevent in the market, so we will enter market at two 0.

97 604 for a sale because markets, you know for sale trade 97 604 so before that guys, we also want to make sure that we want to take a look at the one-hour chart Okay, so let's go.

So, what is this? 940 let's go to the let's go to the one-hour chart and see where was 940 So 940 on the fifth So that's here so now we can see yes nice Candlesticks are below or to exponential moving average line Like here if the candlesticks are like here on the moving average lines You know above the moving average line a line You know or in between in the middle, we do not want to trade there is no true You know conformation happening and there is no trade forming So we don't we only do it when we see candles being Actually below like here below two of these moving average lines not like in here in the middle No, or here no in the world Below below them.

Okay, that's all true.

That's a trigger.

So yeah, so we will enter market in here I hope you understand guys.

So we will enter market in here because so we counted five candlesticks after this breakout one, two, three, four five We even link like we will enter market at the lowest point Why we had to market the lowest point because in case if market goes away We will not lose any money because we will means that this was gonna be a pending order and we can always close it Meaning that we will only enter the market at this stage.

Okay.

Okay.

Let's let's let's compile s continue.

Let's see what's gonna happen Okay markets are nicely going down.

Okay Like so now comes the question, where should we exit the exit or trade? Well, we should exit or trade in when we calculate our highest and lowest point in these five candlestick patterns So between 0.

9.

So nineteen seven six.

Eighty was the highest point to these five candles ninety seven, six eighty and Nineteen seven six Yeah, well six yeah six hundred let's say so 80 pips 80 pips should be or stake profit level Number one.

So 80 pips we scalp it We like see the trade we take the profits and we take the money and we walked away quick profits quick scalping method, okay? Let's let's continue.

What's gonna and this is where it This is this is what happens now after that, okay? The to printer price went down price went up again as you can see it's realistic Okay, because price can reverse any moment, but we have a training strategy.

We have a training plan.

We Enterprise here.

We calculate Highest lowest point between these candlesticks, which is 80 different is 80 pips So basically when we enter here or take profit should be 8 pips (NOT 80 PIPS).

So then 697 600 is our entry point – applause.

So 8 (NOT 80 PIPS) pips Azure take profit So a minus 80 should be 520 So this is maybe and we exit the trade here right here Nisbet here and now look We exit trade here based on the spending strategy the price one here, and the price went back up But we don't care because we have 2013 we exit out trade already in here So we took our money we walked away and we don't really really worried what happens out of that.

Okay, so that's it That's this is our training strategy guys.

I guess let's take a look at one more example so this is the usdchf again And now we're looking at this.

So we're looking for this to form.

Okay? So for that now we're looking for the by trade.

Okay.

So now what we see is The kind of six are forming.

So candlesticks are nicely above the two exponential moving average lines as you can see Nicely above and not touching the moment average line.

We let it go.

We are looking for the training opportunity Okay.

Now they're they're about really nice.

This is exactly what we are looking for.

Okay? We are looking at this we're looking for the candles to be too nicely form above all exponential moving average lines So we wait we wait nap on a trigger candle.

Okay, we're waiting for the trigger candle.

Okay now the red candle That kind of has formed and here we go the next candle appeared appeared and it broke through or Exponential moving average line, you know the top one now This is the trigger and I know for or code for or by its rate now Let's take a look at another example, but for by trade I'm gonna use the Euro USD As an example make sure guys it's for this strategy.

You only trade major Forex currency pairs, you know, not the exotic, you know Not the Indian rupee or Mexican the major critic major major Forex currency pairs So 0 USD usage if y if you need the least guys of major could of major Forex currency pairs Please email me and I'm gonna email you the list and also how they correlate to each other so let's look for buy opportunity now, so again, as you can see Candlesticks are nicely forming, you know, we're not touching the exponential moving average lines It means that it now we only need to wait for that trigger candle So we are looking for this a nice picture.

Ok.

Nice picture great Although as you can see kind of 6m continuing to go up and by now, they're not touching the exponential moving average line Which is great They're going great going beautiful.

Look at the chart Ok, again.

This is beautiful beautiful, you know, and now the red candles forming I Still you know stall is still not there yet Still not there yet.

They didn't touch org.

Okay now bump now we can see that this candle broke through or it broke through or or Exponential moving average line on the top and now basically this is our trigger candle Okay, this is or one of the confirmations.

We were waiting for now.

We need to go do the same thing Let's count back five candles.

So one two, three, four, five and from these five Now we need to calculate now.

We need to calculate which is the highest and lowest point So the highest point is this one point eleven five away so One point eleven five of eight this this is our entry point for buy trade in.