very much appreciated bro, do more easy price action strategy videos like this these videos more worthier than indicators as many of them are lagging indicators we are unable to use them accurately love from india thank you ....
Tested on 5/15min chart, with 50ema and adx 45% win rate 5% max draw down 20% gain on account in 2 month risking just 1% per trade. All this results is within 64 trades not taking trade on trade
backtest give random result. 25 losers(-25), 17 winners 1.5 (17*1.5= +25), result 0. tested eurusd 1 day 9:30 - 15:30. better result on 5 min and 15min timeframe. in one day 10 losers (-10), 11 winners (+16.5), total +6.5R.
@@allandecker yeah i backtested it too on gold bro are you using it rn ? I just found the strategy and will start direct on Monday maybe first on demo then my funded .. you got any tipps or something like that bro
@@matthiasmiller8036 I have created an indicator using this strategy I have tested it on ethusd and worked relatively well with a win rate of 66%. I only trade gold though so I will be implementing it on my gold demo from Monday for a week to see how it will perform.
I'm giving this strategy a serious test over 1 Month, (300 Trades approx), in a Demo account. I'm 2 days into it & it looks hopeful - 11 Wins / 8 Losses, but, once I master it I'm fairly sure, on averages, this will work, (I'm guessing 60 / 40 Win ratio). It will not make you rich, (unless your positions are 50K or something), but with a few K per position at a 5X leverage.... you will make a living doing this! I'll update this comment in 28 days ..... Thank you.
And this is why i am a loyal subscriber!!! Indicators are cool but pure prize action is 🔥🔥🔥 You are freaking amazing....more contents on pure prize action boss👍
@@SoheilPKO nice experiment but too many stop outs. would have to use a wider stop in any volatility. Maybe it will work better on higher timeframes. This is on es. maybe it works betetr for forex as is. tried on oil too, stopped out fast.
what happens if the trade entry candle is not the same color as the broken candle (ex. in a short position, broken candle is red and trade entry candle is green) do we ignore the entry or still go in? I ask because then the stop loss will not work.
SL is set below the low, or above the high of the breaking candle. In practice you enter a trade when the breaking candle is closed and next candle just opened, and it's far from the SL, unless it's a very short candle which is not a valid break.
i have been back testing this!..very impressive so far!.. a question what if i wanted to this on a higher time frame like the 30M-4hr?..do i wait for the 5M candle to close? if so how many of them
This performs better on very short time frames. In case if you want to try it on higher time frames you should do the same method but different time frames, for example if you're 1H, consider 4H candles high and low.
@@SoheilPKO at first i did not understand now i do..question why does this work so well? During my live backtest i am winning 7/7 trades so far!..idk if i am getting lucky for what
@@XDSasukeUchiha Losing trades are part of the game, and you will have false signals. Make sure you manage your risk properly. Correct SL and proper position sizing based on 1% rule.
But, with 1% strategy, which I used, the position closes before giving a chance to play out. In BTC I put it in 2%. In alt coin, I put it in 5%. I'm not saying that it gave me the desired result, but, it gave my position a chance to play out. What do you think?
@@SoheilPKO Don't you think our country person should learn about the crypto. They work it on a hear say. Some may make it in short term, but, they all lose it on the long! Maybe there is a way to educate them. As you are educating me.
Truly i accepted this strategy ,,, here in India i tested some crucial segaments mostly small morgin traders they are getting foold by arrogent movements that too if we try this strategy very useful and very helfull sir thankyou verymuch
@@SoheilPKO Thats okay, this strategy is PERFECT for binary options!!!! In fact proably the best strategy out of hundreds of videos, and believe me , I have seen alot of them
Thank you so much! I have a question..What if the candle breaks the box but it doesn't close outside the box? Should we wait for a closure out side the box to enter the trade?
Hi, great video. Thank you. Can you give clarity on 3:10 you are skipping candles (saying something about "not multiply on 5", but cannot understand it). Thank you again.
I need your advise,please,Soheil. If I trade 15m/4h tf, if I count 16 bars on 15m tf,do I have to wait until the next 4h bar opens or can I start counting the 16 bars wherever I want, please? Thank you so much!
@@horvath_zsoltIt starts, when the 5min candle starts. That's why I used the word multiple of 5. like 10:35...this is where a 5 min candle starts... Please watch the video one more time, I completely explained everything...
@@SoheilPKO just a quick question: does the candle have to close above or below the box or can the wick also be considered a breaking of support/resistancce?
Good explanation indeed, but i want to know when i want to trade, do i trade using 1 minute or 5 minute. Let me know which timeframe do i use buy or sell
It depends. This means that the candle opened with gap, and depending on the gap you can decide because the gap itself can act like a support/resistance level. Better not to pay attention to it and wait for the next opportunity.
@@SoheilPKO okay bro I'm Automating mine today I'm a programmer I'm Automating the 1 minute and 5 minute one if you want I can send you the code for free
Thank you for this video! I made a script for MT5 to automate the process and calculate the lot size on the spot for proper risk management. Is this recommend for a trending or sideways market? And which other indicator i could use to improve the results?
Hello Soheil thank you for the video! This is the first strategy I've tried to backtest and the results have been working well on paper trading my only question is do you wait for a trend or can you do this also during consolidation? Personally I've seen it work during consolidation periods but just wanted to know your answer haha. Thank you again for the AMAZING information
@@SoheilPKOI have another questions please. The last short position example profit was NOT taken until 3 candles outside the position shown on screen. My question is how do you know how far to the right you should have your position set to ? Because @ 2:08 you had it only to the right for 1 candle & @ 3:40 the position was open for about a candle and a half. Are we able to edit position box width in live trading market ? Also I followed you on Twitter yesterday Oct. 5th. I wanted to dm u but I'm not verified @1CBoomin Thank you
Have you tried on the indexes? I'm very curious if it works on indexes like US100/30/Dax/UK100 and in what period of the day it works (I'm from Europe). Thanks for the strategy!!!
Thank you sir. I just have a question.. actually we do not supposed to wait for the next 5 multiple timeframe after close a position, do we? Because I think we may get some ratio in 6th or 7th candle. but we can count the new Five box behind that 6th or 7th one.... Can we?
Hm now I see, it cannot be true, because it would have also mean that it might above 1.5ratio. So you have already said we have limit to max 1.5. got it :) and it is true..
I have actually created an indicator to do all these things, so I don't have to look at the markets all the time. It is working 😂😂😂😂😂😂😂😂😂😂 Thank you for the strategy
In this strategy we are considering also 5 min chart, and on 5 min chart every candle is opened on a multiple of 5 on time axis, like 9:40, 9:45, 9:50, etc.
Yes, risk management is a must. Before the signal is complete, you should be ready. Scalping is not recommended for beginners. It needs experience, quick actions, Very high focus, etc.
The same method that I explained in the video, can be applied to any time frame. This is good for scalping and day trading, time frames like from 1m to 1H.
Brother, I don't understand one thing that the five minute candle opens from 12.01 and closes at 12.05 and in your video you explain like this that you open at 45 and close at 49 and you draw boxes.
The 5 minute candles open every 5 minutes. But when you are on 1 minute, the moment that 5 minute candle on higher time frame opens and closes, you should consider that. That 5 minute candle is divided to five 1 minute candles.
When you place your position after candle close at 1 MINUTE time frame for scalping.. its kinda difficult to calculate lot size as per your RRR.. because the volatility of price at 1 min timeframe.. if you know.. you know
You should be prepared before the closing of the candle. By the help of Long/Short tool on TradingView, and approximate level that the candle will be closed, and also the SL level, you will have approximate position size based on your risk level. You should be quick.
How do you get all that in minute? For real when the candle breaks everything happens so quickly I can’t even draw the position and measure my pips to risk only 100$
If you feel this too fast , then take three 5min candle that is your 15mins candle. Try this it give less entry as well as less stop loss hit .@@ΚλεάνθηςΧοτζαλλι
"In this trading technique, besides entering orders on the 1-minute time frame (1M) and the 5-minute time frame (5M), are there other time frames that work well as well?"
![Seungmin "그렇게, 천천히, 우리(As we are)" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/kAzmhLHePqU/mqdefault.jpg)
Don't forget to follow me on Twitter 😉
twitter.com/soheilpko
***** Please beware of imposter accounts and scammers *****
Thank you so much Sir!
@@shundave001 Always welcome
@@SoheilPKOyou don't have Facebook Sir?
@@rufeldagatan3833 Not active on FB.
@@SoheilPKO hi Sir, what is your preferred strategy of all your videos?
very much appreciated bro, do more easy price action strategy videos like this these videos more worthier than indicators as many of them are lagging indicators we are unable to use them accurately love from india thank you ....
Thanks, will do!
more content like this please !!! pure price action is really great 👍👍👍
More to come! 👍
May this Eid bring you and your loved ones countless blessings. Eid Mubarak, Soheil 🙏🙏
Thanks 🙏
Tested on 5/15min chart, with 50ema and adx 45% win rate 5% max draw down 20% gain on account in 2 month risking just 1% per trade. All this results is within 64 trades not taking trade on trade
Amazing idea, Thank you very much.
You are most welcome
backtest give random result. 25 losers(-25), 17 winners 1.5 (17*1.5= +25), result 0. tested eurusd 1 day 9:30 - 15:30.
better result on 5 min and 15min timeframe. in one day 10 losers (-10), 11 winners (+16.5), total +6.5R.
Which currency did you test on?
Try on gold, it works better on gold
@@allandecker yeah i backtested it too on gold bro
are you using it rn ?
I just found the strategy and will start direct on Monday maybe first on demo then my funded .. you got any tipps or something like that bro
@@matthiasmiller8036 I have created an indicator using this strategy I have tested it on ethusd and worked relatively well with a win rate of 66%. I only trade gold though so I will be implementing it on my gold demo from Monday for a week to see how it will perform.
@allandecker what Time Frame 9n gold u use?
What a brilliant strategy, works so well!
Glad you liked it.
I'm giving this strategy a serious test over 1 Month, (300 Trades approx), in a Demo account.
I'm 2 days into it & it looks hopeful - 11 Wins / 8 Losses, but, once I master it I'm fairly sure, on averages, this will work, (I'm guessing 60 / 40 Win ratio).
It will not make you rich, (unless your positions are 50K or something), but with a few K per position at a 5X leverage.... you will make a living doing this!
I'll update this comment in 28 days .....
Thank you.
Thanks for your feedback bro, it help me, Hope you the best!!!
👍
Dude nice! I was literally about to give it a try too haha what are you trading? I was gonna try check out some cryptos and make an assessment!
Waiting for ur result bro
What happened with results ?
It's a genius strategy, thank you very much
You're welcome
This is a fantastic strategy! never thought about using a 1 minute chart and essentially benefitting from data for a 5 minute. Thank you!
Glad you enjoyed it!
Sir, what are the strategy you use for binance futures cryptocurrency trading?
Take a look at this one: ruclips.net/video/nWXwiIebCPc/видео.html
Thank you sir very much ❤❤❤
Most welcome
And this is why i am a loyal subscriber!!!
Indicators are cool but pure prize action is 🔥🔥🔥
You are freaking amazing....more contents on pure prize action boss👍
Sure I will 👍
Love it, will test this out. Hope it works with es futures.
Best of luck!
@@SoheilPKO nice experiment but too many stop outs. would have to use a wider stop in any volatility. Maybe it will work better on higher timeframes. This is on es. maybe it works betetr for forex as is. tried on oil too, stopped out fast.
@@gtcstorm40 Yes better works on Forex, and yes you can set SL wider. Just test it 👍
thats a clever little strategy tbh👌
Glad you liked it
Watching from Philippines. HOPE this strategy make me profit. I will try this in 5 and 15mins timeframe
Good luck 👍
Make sure you apply 1% risk management strategy.
Eid mubarak Great video sir,
Glad you liked it 🙏
Super explaining sir thankyou
You're very welcome
what happens if the trade entry candle is not the same color as the broken candle (ex. in a short position, broken candle is red and trade entry candle is green) do we ignore the entry or still go in? I ask because then the stop loss will not work.
SL is set below the low, or above the high of the breaking candle. In practice you enter a trade when the breaking candle is closed and next candle just opened, and it's far from the SL, unless it's a very short candle which is not a valid break.
At what time should we trade this strategy? And pairs?
EURUSD is the best pair for this strategy, and US London overlap the best time for trading.
For XAU/USD? @@SoheilPKO
i have been back testing this!..very impressive so far!.. a question what if i wanted to this on a higher time frame like the 30M-4hr?..do i wait for the 5M candle to close? if so how many of them
This performs better on very short time frames. In case if you want to try it on higher time frames you should do the same method but different time frames, for example if you're 1H, consider 4H candles high and low.
@@SoheilPKO at first i did not understand now i do..question why does this work so well? During my live backtest i am winning 7/7 trades so far!..idk if i am getting lucky for what
@@XDSasukeUchiha Losing trades are part of the game, and you will have false signals. Make sure you manage your risk properly. Correct SL and proper position sizing based on 1% rule.
@FrancJ5793 Yes could be
With which instrument you tested it? Still using it?@@XDSasukeUchiha
Brooo, thats was prooo🎉
Im heading to charts asap😂
👍
Hi! Great technic, Thanks!
You are welcome!
But, with 1% strategy, which I used, the position closes before giving a chance to play out. In BTC I put it in 2%. In alt coin, I put it in 5%. I'm not saying that it gave me the desired result, but, it gave my position a chance to play out. What do you think?
@@binadarabzand2701 Please watch the video. It's not about setting SL 1% of entry. You set your SL based on your analysis.
@@SoheilPKO Don't you think our country person should learn about the crypto. They work it on a hear say. Some may make it in short term, but, they all lose it on the long! Maybe there is a way to educate them. As you are educating me.
This is brilliant mate. Results prob best if ADX is over 20 Not super flat markets. This is great 👍. Thanks !
Glad you liked it! 👍
Thank you m8, exactly what I was looking for 👍
You're welcome
THANK YOU SIR👍
Most welcome
Very simply you described the strategy. thank you so much... Sir
Most welcome
so which broker do you use for this M1 strategy as your profit is not even enough for the spread for some brokers?
For scalping, try to choose brokers that offer raw spread account.
Truly i accepted this strategy ,,, here in India i tested some
crucial segaments mostly small morgin traders they are getting foold by arrogent movements that too if we try this strategy very useful and very helfull sir thankyou verymuch
You're very welcome
That's work! Thanks❤
You're welcome!
Worth trying ❤️
Glad you liked it.
Sir I really love your videos❤...its really inspiring❤....and I love what you do...but may I ask....the win rate of this strategy?
No reply
Yuh used 1M n 5min as higher timeframe, can someone 2min and 10min or 3min and 15min?
Yes possible 👍
Pls make a strategy with binary options indicators... most of the indicators you know and it will be easy for you to know which ones will work 🙏
Sorry I don't have any experience in binary option trading.
@@SoheilPKO Thats okay, this strategy is PERFECT for binary options!!!! In fact proably the best strategy out of hundreds of videos, and believe me , I have seen alot of them
Thank you so much! I have a question..What if the candle breaks the box but it doesn't close outside the box? Should we wait for a closure out side the box to enter the trade?
Yes it should be closed out of the box.
I love scalping, thank you so much 🙏
You're so welcome!
Wouldn't trading fees eat up your profits or ultimately cause loses if you're scalping such small profit percentage?
That's true, trading fees eat up much of the profit in scalping, but since many positions are opened during day, the profits will add up.
Like your work on this. helping me out. thanks mate , cheers.
You're so welcome
Hi, great video. Thank you. Can you give clarity on 3:10 you are skipping candles (saying something about "not multiply on 5", but cannot understand it). Thank you again.
On 5-minute charts, peaks and troughs form every half hour. This is interesting. :)))
@soheilPKO box broken by wick or candle closing above box high ?
The candle close.
Sir, please also if may be possible teach us the best SMC Indicator
Sure i will. I'm gonna make comprehensive tutorials on this subject.
Hey what session you recommend where it works better
US/UK overlap. 7 AM to 12 PM Eastern Time (ET). This is the most liquid and the best for scalping.
Sir, I see you have always teach out regarding indicator in EURUSD pair, So, is it suitable for us to trade in this pair ?
It has the lowest spreads - spreads kill you on lower time frames so makes sense.
Yes in Forex market it's the best pair for scalping.
👍
داداشم عالی و مشتی♥️😘
Thanks 🙏
I need your advise,please,Soheil. If I trade 15m/4h tf, if I count 16 bars on 15m tf,do I have to wait until the next 4h bar opens or can I start counting the 16 bars wherever I want, please? Thank you so much!
You should use 15m and 1H. 15m/4h is far, and the price action can change greatly in between.
@@SoheilPKO THANK YOU! 🙏🙏🙏
@@distanthealer95 Always welcome
That's great, but what is the first candle where I can start the "five" candle?
After identifying one complete pattern, you can start.
@ that's ok, but where do I start counting the candles? If I start now, what should be the starting candle?
@@horvath_zsoltIt starts, when the 5min candle starts. That's why I used the word multiple of 5. like 10:35...this is where a 5 min candle starts...
Please watch the video one more time, I completely explained everything...
@ ok tnx
Break on wick or break on closing above/below the box?
Closing above/below the box.
For this strategy, is there anything else that we should also look at? Or is purely just 1 minute time frame any time of the day?
The best time is US/UK overlap. 7 AM to 12 PM Eastern Time (ET). This is the most liquid and the best for scalping.
Hi. How do you know when its peak bottom and upwards. Sometimes i buy then its stuck on top and sometime i see and its stuck below.
You can also use volume confirmation. The breaks with higher than average volume have higher probability.
EID MUBARAK Soheil. GOD bless you ( : Peace and, respect from FAISALABAD, PAKISTAN.
🙏
Hello Soheil! Does the box should be broken with closed candle or is it enough when a wick breaks it? Thank you!
You must wait until the candle is closed. The price must close above/below the level.
@@SoheilPKO Many thanks,my Friend! I will come back with my results in a couple of Month. Be blessed!
@@distanthealer95 Good luck 👍
Can we use any indicator along with this stray for more conviction?
Maybe volume confirmation. Check this video: ruclips.net/video/EQtWkfDMw6E/видео.html
Helo Soheil! Can I trade on 15m tf and count 4 bars of 1 hour tf, please? thank you,Sir!
Yes you can 👍
@@SoheilPKO Thank you,Master!
@@distanthealer95 Always welcome
Does this work on other time frames well? For example tracking three 5 min candles to form the 15 min candle?
Yes 👍
Very well explained👏
Glad it was helpful!
@@SoheilPKO just a quick question: does the candle have to close above or below the box or can the wick also be considered a breaking of support/resistancce?
@@that.one.fizzyfizzy It should be closed.
It's not working when consolidation stage
not supposed trade while the market is in consolidation.
Then just trade it in London session. It does work.
that's y he said trade during both London and Newyork sessions overalpped.
Hello! Does it work on cryptocurrency?
Yes, but you must expect more false signals because of the higher volatility and sudden movements of the crypto market.
Good explanation indeed, but i want to know when i want to trade, do i trade using 1 minute or 5 minute. Let me know which timeframe do i use buy or sell
This is a 1 minute scalping strategy, and considering also 5 min,
Can you Recommend a good broker for mt5?
You should see what broker supports your country. Search the top forex brokers, and review them.
Thank you so much 😊
Always welcome
what should be considered breakout with only body or wick
The close of the candle is important in breakout. the candle should be closed above/below the level.
What if it breaks out on the 5th candle do you still enter the trade ?
@@luyandomoomba4594 Depending on the market condition, traders can show flexibility.
At 4:27 it appears one of the candles broke the box but you said it wasn’t broken. Please clarify.
Not breaking the box but it should close above or below the box
Yes, this is good and I learned a lot. Thank you. It is a very profitable business
You are very welcome
After maintaining all conditions What should I do if box is broken upside with red candle or downside with green candle?
It depends. This means that the candle opened with gap, and depending on the gap you can decide because the gap itself can act like a support/resistance level. Better not to pay attention to it and wait for the next opportunity.
Soheil, bro can I download this video?
Yes you can, but it's copyrighted and you can't use it for commercial uses.
For personal use and watching the video, it's ok.
@@SoheilPKO okay bro I'm Automating mine today I'm a programmer I'm Automating the 1 minute and 5 minute one if you want I can send you the code for free
@@entre.preneur No thanks. Good luck 👍
you are right . this is the real method .
👍
Thank you for this video!
I made a script for MT5 to automate the process and calculate the lot size on the spot for proper risk management.
Is this recommend for a trending or sideways market? And which other indicator i could use to improve the results?
Better to be used in trending market, and for this purpose MA200, or Andean Oscillator are useful.
Hello Soheil thank you for the video! This is the first strategy I've tried to backtest and the results have been working well on paper trading my only question is do you wait for a trend or can you do this also during consolidation? Personally I've seen it work during consolidation periods but just wanted to know your answer haha. Thank you again for the AMAZING information
It can also be used in consolidation.
If the trade is in the direction of the longer term trend, the probability of winning is higher.
@@SoheilPKOI have another questions please. The last short position example profit was NOT taken until 3 candles outside the position shown on screen. My question is how do you know how far to the right you should have your position set to ? Because @ 2:08 you had it only to the right for 1 candle & @ 3:40 the position was open for about a candle and a half. Are we able to edit position box width in live trading market ?
Also I followed you on Twitter yesterday Oct. 5th. I wanted to dm u but I'm not verified @1CBoomin
Thank you
@@SoheilPKO please respond bro 🙏🏿
Bro can I use this strategy on forex it's good on crypto but I don't know if I can use it on forex but I don't think it will work on gold
Yes you can use it on Forex. Try major pairs, specially EURUSD is the best.
Okay thank you ❤@@SoheilPKO
Have you tried on the indexes? I'm very curious if it works on indexes like US100/30/Dax/UK100 and in what period of the day it works (I'm from Europe). Thanks for the strategy!!!
No I haven't, I don't trade indexes, but I think applicable. I'll try to see how it is.
can this be use for gold?
Yes 👍
Thank you sir. I just have a question.. actually we do not supposed to wait for the next 5 multiple timeframe after close a position, do we? Because I think we may get some ratio in 6th or 7th candle. but we can count the new Five box behind that 6th or 7th one.... Can we?
Hm now I see, it cannot be true, because it would have also mean that it might above 1.5ratio. So you have already said we have limit to max 1.5. got it :) and it is true..
Can this applied on higher frame?
No this is more suitable for short time frames like 1m and 5m.
Nice strategy mister but i like the other one more with 15 min tm and then 5min breakout
Good luck 👍
I have actually created an indicator to do all these things, so I don't have to look at the markets all the time. It is working 😂😂😂😂😂😂😂😂😂😂 Thank you for the strategy
whats the name of your indicator, bruv?
Good luck 👍
@@jdealsdirect7660 I haven't published the indicator yet. Once I have published, I will let you know.
Would u like to share ur indicator
@@jdealsdirect7660 Candlestick counter & standard deviation by AllanDecker
Wow amazing
Glad you liked it.
Sweet and simple
@@dhavalchheda8521 👍
What is the meaning of "Multiple of 5 on Time axis"? Can you kindly explain? Thank you in advance!
In this strategy we are considering also 5 min chart, and on 5 min chart every candle is opened on a multiple of 5 on time axis, like 9:40, 9:45, 9:50, etc.
@@SoheilPKO Okay Sir. Thank you for confirming the same. Really appreciate your response and the content you post.
@@Infinity_Pot Always welcome
What's the best brokerage in the US for this strategy
Sorry I don't know what brokers are allowed in the US.
Personally I use IC Markets, but I'm not sure if they are available there.
@@SoheilPKO ok thanks
@@Jako1300 Always welcome
Does this work in Option buying
Sorry I don't have any experience in option trading.
@@SoheilPKO Ok sir did you backtested it on equity or forex market
@@anuroopdas8651 I used it on Forex. EURUSD.
Can we do this trade on 5min time fram?
Yes similarly can be applied to 5 min.
Can this work on 2 and 3 minutes time frame?
Yes the method can be applied on other time frames.
Could you make a video for this strategy making a live trading? 1 min TF it is very short if one has to calculate also risk management .... or not?
Yes, risk management is a must.
Before the signal is complete, you should be ready.
Scalping is not recommended for beginners. It needs experience, quick actions, Very high focus, etc.
Thank You! What is the name of this strategy?
Very welcome 🙏
No name for the strategy.
Wow this looks promising and fast. Thanks. Can you please let us know average win rate of this strategy ?
Thank youuu so much
You're welcome!
Love from india (ASSAM)
Thanks and welcome
the trading fees ate all the profit. LOL
Can I do it in different timeframes? As long as it is a multiple of five? Example: 1 and 5 min, 2 and 10 min, 3 and 15 min?
Like, can I use the custom interval of tradingview
No not like that. Here because the higher time frame is 5m.
If for example you want to use this method on 5min, your higher time frame could be 15m.
@@SoheilPKO Oh okay, Can I ask what the formula? Like what to consider when I want to use a different time frame?
@@chrisborjaK3 Same method, nothing different. You must just consider the opening of candles on higher time frame.
Can I use this on M5 M15 by counting 3 candle?
The same method that I explained in the video, can be applied to any time frame.
This is good for scalping and day trading, time frames like from 1m to 1H.
@@SoheilPKO Thank you
@@Isaaxt01 Always welcome
Brother, I don't understand one thing that the five minute candle opens from 12.01 and closes at 12.05 and in your video you explain like this that you open at 45 and close at 49 and you draw boxes.
The 5 minute candles open every 5 minutes. But when you are on 1 minute, the moment that 5 minute candle on higher time frame opens and closes, you should consider that. That 5 minute candle is divided to five 1 minute candles.
His do I know the candle to start with?
Thanks.
Is it a indicator similar to this strategy? If so can you let me know thanks.
I don't think there is any indicator for this. I'll search 👍
Just use a higher timeframe high and low indicators
When you place your position after candle close at 1 MINUTE time frame for scalping.. its kinda difficult to calculate lot size as per your RRR.. because the volatility of price at 1 min timeframe..
if you know.. you know
You should be prepared before the closing of the candle. By the help of Long/Short tool on TradingView, and approximate level that the candle will be closed, and also the SL level, you will have approximate position size based on your risk level.
You should be quick.
Hi sohail , instead of using 1 min /5 min can we do this on 1/4 hour and count 4 candles
Yes 👍
H9w d8did it go bro using 1/4 hr Tf?
i bet so many people here went went straight to there charts after watching this, me included 😂
👍
i did
Yup I did😂
How do you get all that in minute? For real when the candle breaks everything happens so quickly I can’t even draw the position and measure my pips to risk only 100$
If you feel this too fast , then take three 5min candle that is your 15mins candle. Try this it give less entry as well as less stop loss hit .@@ΚλεάνθηςΧοτζαλλι
hi bro, thank you for the knowledge, can i use 15 minutes timeframe and 5 minutes timeframes to entry??
Yes you can 👍
"In this trading technique, besides entering orders on the 1-minute time frame (1M) and the 5-minute time frame (5M), are there other time frames that work well as well?"
This is a scalping strategy and it works well on lower time frames. You can do it similarly on higher time frame like 5m and 15m.
@SoheilPKO Thank you 😄
@@Latte-Cat Always welcome
can't understand "multiple of five on time access". Please explain.
Since the higher time frame is 5 min, and there the candles open at times like 8:35, 40, 45, 50,...