FAILED BREAKOUT 5 MIN SCALPING STRATEGY FOR BEGINNERS - SIMPLE CLEAN & ACCURATE
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- Опубликовано: 22 май 2024
- In this video I share a 5 min scalping strategy for trading a failed breakout in the Forex market, step by step for beginners.
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- TIMESTAMPS -
0:00 Intro
1:16 Trading account mt5
1:50 5ers
2:55 Intraday technical analysis
3:35 Adding technical indicators
4:00 How to trade the failed breakout strategy
6:49 Setting my trading order, stop loss and profit target
8:11 How to add to get more profit
8:32 Forex trading guide for beginners
9:20 Conclusion
This video shares a step by step insight into my failed breakout 5 min trading strategy day trading GBPUSD.
I share the technical analysis, what indicators I use, setting the trade and also some reflections on how to make more profit by adding to the position.
I hope you enjoy!
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You will like this video if you are interested in:
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Thanks!
Emily
- Mindfully Trading -
// DISCLAIMER
This video is for entertainment and educational purposes only. I am not a financial advisor and I am not telling you where or when to take a trade. I express my personal opinion only. Trading financial markets involves risk. I am not responsible for any losses incurred due to your trading. I do not recommend any specific trade or action, and any trades you decide to take are your own
#forextrader #scalpingstrategy #tradingstrategy #forexstrategies
Exploring the high-stakes world of day trading reveals a blend of risk and reward, where strategic leverage plays and timing during market fluctuations can lead to significant gains from minimal investments. This approach emphasizes the necessity of careful risk management, including setting stop losses and technical analysis, to navigate the volatile markets effectively.....managed to grow a nest egg of around 100k to a decent 💲432k in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
She's often interacts on Telegrams, using the user-name.
I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary.
It doesn't matter if you are a current hodler or a newbie, you can capitalize on the fluctuation of bitcoin by trading with good strategy/signals.
Assets and lnvestment is that tiny Iine that separates the rich from the poor.
Very nice 👍🏻
looks nice, well done
Thank you 👍
Thanks for the video. Uganda loves you ❤❤❤❤
Thank you 🙏Lots of love ❤
Thanks Maam
You're welcome 🙏
Really nice trade congrats
Thank you 👍
i would do it that way also,value gap,break of structure and weakening candles,good one :)
Thank you 🙏😀
Hello, I don't quite understand your stop loss and take profit strategy shown in this trade. I saw that at your 5ers trading account, the trade information was like this: you sold GBP/USD at 1.26980, S/L at 1.27975, T/P at 1.26750, that means you were risking almost 100pips to make 23pips profit? So the risk was 4.3 times more than the reward??? I don't think the risk & reward ratio is correct. Then on the chart at the later part of the video, you showed S/L at 1.2713, so which is the true S/L in this trade, it is confusing!
Hello, thank you for your good content
Please visit our channel in the area of ??free forex signals
Very nice trade. You've called failed breakout, I call this "a manipulation of the market". It was a range, dynamic ride out of, and dynamic return into. Market was manipulated :) ICT call this "PO3" (power of three) - accumulation (range), manipulation (dynamic ride in and return), distribution (move to opposite direction).
Thank you 👍 It's interesting the different names for a strategy 😊
Hi Emily, appreciate your trade breakdown. When you are in front of your laptop and can focus, do you use a top down review for trend or do you view the current trend on a particular time and also do you alternate your timelines for entry and exits (if yes, what are your preferred chart times?) or do you always stay on the one time?
Thanks- I do both- top down analysis to gain an insight on the larger trend, but then also looking at intraday trends. It's all about where price is likely to move to, but more importantly where it is at that moment in time. I talk more about it in my upcoming video today at 3pmGMT. 👍
Can all your tips on RUclips and in the book be used to trade the cryptocurrency market?
They can but it's important to remember that every market is different. Price action is generally transferrable. I have multiple position in crypto but I tend to hold for long periods of time. 👍
obrigado pelo vídeo vc é linda
Hi
wow my lady! lovely
Thank you 🙏😀
Remember to grab your FREE Forex Trading Plan here bit.ly/3eJgx6Y
Have you back tested this ?
what
How many years are you trading?
Watch the video again,
Nothing but hindsight trading. RUclips is full of this garbage. Anyone can backtest and show a trade when you can already see what's happened in the markets.
Hahaha, I know... it's ridiculous!!!
Hey Emily, your book, is it an Ebook? Please let me know @MindfullyTrading
Hey yeah it is an ebook- bit.ly/3ujBm5w
Also a paperback is available on Amazon - amzn.to/3TD89N2
@@MindfullyTrading thx 👍 I really like your videos. So calm and stable. Your tutorials have been helping me. Hard, but i'm getting there