🔥 Ultimate Scalping Strategy for 2024 - Tutorial (EPISODE 3: OPTIMUM ENTRY)

Disclaimer:
The content provided in this live stream is for educational and informational purposes only. It is not financial advice, and I am not a licensed financial advisor. Trading in financial markets involves risk, and you should only trade with money you can afford to lose. Past performance does not guarantee future results. Always do your own research and consult with a certified financial professional before making any investment decisions. By watching this stream, you acknowledge that I am not responsible for any trading decisions you make.
Ultimate Scalping Strategy - Step-by-Step Guide
1. Wait for MA9 to Cross EMA21
Objective: Identify potential trade setups.
Method: Monitor the Simple Moving Average (MA9) and Exponential Moving Average (EMA21) for crossovers.
LONG Entry: MA9 crosses above EMA21.
SHORT Entry: MA9 crosses below EMA21.
Purpose: The MA crossover signals a potential change in market direction and is the first step in identifying a trade setup.
2. Confirm Supertrend Direction
Objective: Validate the market trend.
Method: Use the Supertrend indicator with the settings ATR 14, factor 3.
LONG Entry: Confirm Supertrend shows a bullish trend.
SHORT Entry: Confirm Supertrend shows a bearish trend.
Purpose: Supertrend confirmation ensures that the trade aligns with the current market direction, adding an extra layer of confluence.
3. Identify Inefficiency or Displaced Candle with market shift structure.
Objective: Spot market imbalances for potential trade entries.
Method: Look for displaced or inefficient candles, where the market shows gaps or swift movements that may lead to correction.
Displacement: A strong price move, leaving a Fair Value Gap (FVG) between candles.
Purpose: Displaced candles and inefficiencies often represent areas where the market will retrace, providing an opportunity to enter trades.
Find a Fair Value Gap (FVG) After Displacement
Objective: Pinpoint areas of inefficiency for potential trade entries.
Method: After displacement, identify the Fair Value Gap (FVG), a price gap that signals market inefficiency.
Purpose: FVGs act as key zones for trade entries when the price retraces into this imbalance.
4. Optimal Entry at 50% of FVG
Objective: Enter trades at the best possible price.
Method: Wait for price retracement to 50% of the FVG.
LONG Entry: Enter at the 50% retracement of a bullish FVG.
SHORT Entry: Enter at the 50% retracement of a bearish FVG.
Purpose: Retracing to 50% of the FVG increases the likelihood of entering the trade at a favorable price with a high potential for profit.
5. Exit or Invalidate the Trade Setup
Objective: Manage risk and close trades effectively.
Exit Options:
Option A: Take Profit
Use a 1:2 risk-reward ratio (e.g., 40 ticks stop loss, 80 ticks take profit).
Option B: Invalidation
Exit the trade if MA9 crosses the Smoothing Line 10 in the opposite direction.
Option C: Shift in Bias
Exit if the Supertrend bias shifts or MA9 crosses EMA21 again in the opposite direction.
Purpose: These exit criteria help manage risk and protect profits by either locking in gains or invalidating losing setups.
Key Components:
Indicators: MA9, EMA21, Supertrend (ATR 14, factor 3), Smoothing Line 10.
Confluence Factors: MA crossover, Supertrend confirmation, FVG, and market displacement.
Risk Management: 1:2 risk-reward ratio, exit on invalidation, careful management of stop losses and take profit points.
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