Spotting LIVE Trading Trend Reversals | Live Scalping 002

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  • Опубликовано: 19 окт 2024

Комментарии • 361

  • @Ray.Kajol.1195
    @Ray.Kajol.1195 4 года назад +25

    okay, i really want to say this, your personality is so amazing and bright and bubbly, like wanna listen to you speaking enthusiastically and that's what makes me wanna trust you of all the people on the internet :)

  • @scottvpm
    @scottvpm 2 года назад +3

    Probably the best strategy I could see in RUclips, thank you for the information

  • @SupaPoopaScoopa
    @SupaPoopaScoopa 4 года назад +1

    Glad you told people these were prerecorded. It speaks to your character, on the flip side generally, morally corrupt individuals underestimate others foresight and would assume there is no possible way to for them to tell, and they would be wrong. Your obviously a smart individual.

  • @Peter_Potato
    @Peter_Potato 4 года назад +9

    Good to see someone trade pure price action. When I watched your first trade here I thought "picking up pennies in front of a steam-roller". I wouldn't recommend newbies scalp against a strong trend. Good luck.

  • @edonefleites9420
    @edonefleites9420 4 года назад +1

    Michael you are the best teacher i have ever seen !!!! Mr. Edone Fleites

  • @danc7471
    @danc7471 4 года назад +2

    In this video you reference identifying 70%, 80% and 90-95% winning trades. You must have some rules to accomplish that. What are those rules? I'm binge watching your video series on scalping the /ES and took a few trades today in my paper money account on TOS. I did rather well, 3-0 based on my current level of knowledge. I just went on the live side and noticed it takes a TON of margin to trade the /ES futures contracts. Your website indicates you could implement this method with as little as a $1500 account. How can that be? Love the videos, keep them coming.

  • @johnmetlow1618
    @johnmetlow1618 2 года назад +1

    Michael, I miss your videos--great strategy of trading. Keep up the excellent trading!

  • @luca7397
    @luca7397 4 года назад +6

    well done mike! I love when you get in in the stop losses area, keep doing live trading mate

  • @kellis773
    @kellis773 Год назад +1

    Like it, you make it look very smooth...

  • @joshchapman01
    @joshchapman01 4 года назад +7

    never knew about scalp trading until i watched your vids. thanks for the enlightening lessons! keep em comin!

    • @ScottLOtero
      @ScottLOtero 3 года назад

      So you tell yourself you want to become a full time trader, you get an account you fund it with a couple hundred of USD and then you start trading without any form of lesson or training, there is only one expected outcome and i am sure every trader knows this, Now to actually do it right is to learn how to trade using *The Huon Fresne Strategy* you can never go wrong with this strategy just google it.

  • @BrownSkinLady22
    @BrownSkinLady22 4 года назад +5

    These live trading videos are helpful. Can you do a video on how you set up your buy stop to trigger your buy and sell points on the grid? It looks like a great time saver

    • @siegemoments5580
      @siegemoments5580 4 года назад +1

      It’s the automated system on Ninja Trader 8, look up some videos on ot

    • @taylorwestbrook3728
      @taylorwestbrook3728 4 года назад +2

      Look at his tutorial for setting up ninja trader

    • @CURSEDIMAGES
      @CURSEDIMAGES 4 года назад +1

      He has a video on it look up “mike chin ninjatrader set up”

  • @tomdowney9336
    @tomdowney9336 4 года назад +10

    Keep up the good work, I'm learning a lot.

    • @suvankar1998
      @suvankar1998 Год назад

      HELO SIR IAM SUVANKAR FROM INDIA I AM VERY EXCITED YOUR VIDEO AND GOOD EXPEREIENCE IN MY KNOWLAGE,THANK YOU SO MUCH.

  • @YanPagan
    @YanPagan 3 года назад

    Hi! good videos man! I'd like to know what platform youre using and if its posible to use it outside USA

  • @jckphotograph
    @jckphotograph 3 года назад +2

    Amazing teacher!! Subbed and liked, great work my friend! Keep making those great trades, you've got a nice edge in the market nailed down well and a ton of discipline.

  • @neilshome
    @neilshome 3 года назад +2

    It's all very well showing a recording of your trading. i would like to see proof that it is live and not on SIM. Anyone can say that it is difficult to comment on your trading when live, but proof of your trading is better than not! Sorry if i am wrong about you, but I have been stung by unscrupulous people who are just trying to get you to sign up, only to find they are full of BS.

  • @alexandremejia185
    @alexandremejia185 4 года назад +3

    Hey Michael, awesome videos! I'm going to try some scalping myself tomorrow morning. I have everything set up but I had a question. How do you change your Stop line on your runner so quickly to break even after youve gained 1pt?

    • @aussiejetjock
      @aussiejetjock 4 года назад +1

      It's an ATM strategy ie, a set "rule" that happens when price reaches a certain level

  • @carlo9524
    @carlo9524 4 года назад +1

    What about the spread? How much profit do you net after taking out the spreads.
    So basically this is your strategy
    2:1 RR
    Wait for the 2 legged pullback and bet against it?
    Is this correct?

  • @tantanantansevero604
    @tantanantansevero604 2 года назад

    hello sir! i'm so happy to find your channel. this is a gem of knowledge

  • @ahmedgpi
    @ahmedgpi 2 года назад

    Michael i just subscribed in your chanl and i find it very interesting and amazing....well i just want to ask ya i ve been trading for one year now i tried swing and intraday trading but letterly did not suit me at all and i believe scalping is my cup of tea.. so what is the best capital to start with since we use big lots and aim short pips

  • @jeanhallee3103
    @jeanhallee3103 Год назад

    Hello Michael I wonder how much money do you put in order to have a 150$ profit. And since i am a beginner what video do i start with. Thank's a lot

  • @georgedekornfeld2669
    @georgedekornfeld2669 4 года назад +4

    michael chin - Could you please further describe the two legged move?

  • @stevehaas6560
    @stevehaas6560 4 года назад +1

    Hi, I am new at this and really like your videos. Can you explain exactly what to look for in the 2 up, 2 down trends you take. Appreciate it.

  • @fullViewJay
    @fullViewJay 2 года назад

    Great Videos! What program are you using to scalp? I feel that Trading View can be a little slow sometimes when I want sniper entries

  • @marwanalnass8802
    @marwanalnass8802 4 года назад +4

    Hi Michael, I was watching your videos and the y are great! Best videos I have seen so far. I am new but I wanted to ask how much the cost of each contract and how much money you need to open an account? Thank you very much! You are great teacher!

  • @abigailpatterson9432
    @abigailpatterson9432 4 года назад +1

    Thank you very much for your videos. I set my chart up according to your video. But I think im missing something. On your first trade here you were filled made the $150 but then the market went back down & took the trade out. How did you still keep the $150? When I followed you on this I broke even. Which is in at market out at market zero profit.

  • @arthurrlambert4825
    @arthurrlambert4825 4 года назад

    Hey Michael, love your videos! You do a full service website with training videos, etc etc? Please advise, love to join. I’m an early retiree, love the markets, and would love to add your set up and execution to my tool shed. It would compliment the stuff I do now!

  • @bartschanck5444
    @bartschanck5444 2 года назад

    Which do you recommend for a platform TOS or NINJA trader? Also how much cash do use for each trade?

  • @southwestfloridarealestate3582
    @southwestfloridarealestate3582 2 года назад

    I wish you never stopped man you have the best videos I know your not focused on teaching anymore but you should at least just do these and not get wrapped up in answering questions we all miss your genius on these videos 😢

    • @traderzzz123
      @traderzzz123 Год назад +1

      He got caught scamming, search it up.

  • @peternorton3398
    @peternorton3398 4 года назад

    Another great session Michael will rerun it to understand it thoroughly

  • @rolex101575
    @rolex101575 4 года назад

    hi Michael, can you tells us what time you got in also what min chart you are using thanks in advance you are great trader and person !

  • @franciscoguinazu4810
    @franciscoguinazu4810 4 года назад +3

    Hey Michael ! Great content. Quick question, how can I set the current P/L that you have on the bottom left of the chart? Thanks!

    • @bambamgolf
      @bambamgolf 4 года назад +1

      Francisco Guinazu good question

    • @rileybaker258
      @rileybaker258 4 года назад +1

      Francisco Guinazu Right click on the PnL, click properties, click the drop down arrow, click currency.

    • @Finx436
      @Finx436 4 года назад

      @@rileybaker258 Indicator named Tick counter

  • @sirissac7
    @sirissac7 4 года назад

    Love your approach! I plan on watching your channel now. If I want to get started, what program do you have downloaded on your computer?

  • @ANTROD10
    @ANTROD10 2 года назад

    I dont get exactly what the pattern or candle formation you're looking for. Can you elaborate please. You make it look really easy, and just want to know when to enter a trade . Thank you in advance

    • @vvs7949
      @vvs7949 2 года назад +1

      He’s looking for pullbacks, but he’s also going against the market which he shouldn’t do.

  • @joevermondejar1274
    @joevermondejar1274 2 года назад

    hello Michael chin is your course is also good for forex trading as well?

  • @oluwatosina.4743
    @oluwatosina.4743 2 года назад

    Great one bro love it...just thinking abt the stoploss it seems too risky

  • @joshellinger7599
    @joshellinger7599 4 года назад

    Love the videos , what broker do you use if you don’t mind me asking ?

  • @AJ-wj9ij
    @AJ-wj9ij 3 года назад +1

    What platform you using sir would you mind sharing the knowledge? Thanks for the video

  • @richardjureidini9119
    @richardjureidini9119 4 года назад

    Hello Michael, how do you setup a stop loss trade? I can't find any of your videos that explain that option and I see where that is how you always take your trades.

  • @lordofpeaceandsleep9827
    @lordofpeaceandsleep9827 2 года назад

    Hey Mike, what Trading platform do you use?

  • @TheTrevastation
    @TheTrevastation 4 года назад +3

    I love these videos! I've made a consistent $150 @ 3-0 or 3-1 trades in dedicated test sessions where I am not intentionally making dumb trades. I noticed you seem to be able to click and drag your limit prices, though, and I've found numerous times I could've used that feature. I cant seem to figure out how to set that up. I've checked out some other vids on setup to no avail. Any pointers?

    • @MichaelChin
      @MichaelChin  4 года назад

      Are you using Ninjatrader? I have my entire setup laid out on this video: bit.ly/NT8_Setup
      Let me know if that doesn't help you Trevor

    • @TheTrevastation
      @TheTrevastation 4 года назад

      @@MichaelChin yup am using Ninjatrader. It was, of course, user error. I didn't realize the stop limit icons on chart trader latched when clicked, I kept trying to drag them. Thanks again for all the great vids!

    • @michealtownstead5423
      @michealtownstead5423 4 года назад

      Write on what's:app

    • @michealtownstead5423
      @michealtownstead5423 4 года назад

      :;+1(360)-549-4304;:

    • @ronson-natsarim
      @ronson-natsarim 4 года назад +3

      @@michealtownstead5423 SCAM.

  • @me78219
    @me78219 3 года назад

    Hello Michael can you tell me what study you are using on your chart. looks like an EMA . thanks

  • @chumbucket5109
    @chumbucket5109 Год назад

    how much are your risking each trade? seems like for it to jump so much per trade it must be alot.

  • @Zues64
    @Zues64 4 года назад

    Hey Michael, I find your scalping strategy intriquing for sure. I have a schwab brokerage account. Can I trade the S&P 500 Futures with them or would I need a different brokerage? If so, what's the ticker you're using? All I'm finding is SPY which ain't the futures. Appreciate the help.

  • @me78219
    @me78219 3 года назад

    And one more thing-can you go further into the candlestick pattern you look for on your setups. thanks for your time

  • @glennanderson7437
    @glennanderson7437 3 года назад

    What are the best scalp opportunities and How do you identify them? Thanks!

  • @malc_and_dave
    @malc_and_dave 4 года назад

    Hi what platform are you trading on? And do you yourself offer training? Thanks

  • @cornelisstrydom
    @cornelisstrydom 4 года назад

    Great video Michael, very informative. Could you kindly tell me what your risk:reward point ratio is, looking at the graph it seems you have a risk:reward of 3:1? (very excited about e mini futures thanks to you :-) )

  • @HighRollaaaaaaaaaaaa
    @HighRollaaaaaaaaaaaa 4 года назад

    Hey man love your videos! Quick question, where is your training video you mentioned that would been released after 2 weeks from uploading this video? Riley also said there should be a training video coming out, which was a month ago. Just wondering if you are still working on releasing it? I look forward to hearing from you. Thanks!

  • @warrenwilliams6539
    @warrenwilliams6539 3 года назад

    Hi micheal thank you for your help can you please tell me how you get your $$ tab up on the left bottom screen same your set up thank you

  • @bestrateheatair419
    @bestrateheatair419 2 года назад

    where are some new videos you do a great job Thanks for sharing

  • @soyodnokib
    @soyodnokib 4 года назад

    Hi Michael, Your two-legged moves are excellent, could u please explain in detail about how do u find the two-legged move, I am finding hard time to follow/find that kind of move.

    • @lekker2333
      @lekker2333 4 года назад +1

      Incase you never found out. Its simply called a bull flag and bear flag

  • @Highlander_TX
    @Highlander_TX 4 года назад

    I love your videos. Thank you good sir.

  • @irafanl7739
    @irafanl7739 3 года назад

    who is a good futures broker can i use or a prop firm? plz and thank you

  • @pedroluisalcazar9285
    @pedroluisalcazar9285 4 года назад

    Hi Michael, great video! Thank you!
    Could you please recommend a book for the method you are using?

    • @maskedtrader5010
      @maskedtrader5010 4 года назад +2

      There is a guy on youtube called "papapat shoryutrade" that explains the methodology from end to end with 3 lessons for free if you need

  • @tinyutopia825
    @tinyutopia825 4 года назад +1

    Hey Michael, love the vids. How do you drop the the runner stop on the buy line when the scalp target is met? Is it a script or hotkey? Thanks!

  • @brionche8568
    @brionche8568 4 года назад

    Don’t make it to complicated (guys in the comments) KISS strategy works best for scalps and probably all day trading. Don’t listen to news or join groups to follow on trades. I love that he is helping viewers with a simple strategy, identifying the overall trend- high & low of day and scalp on every 2nd leg of a trend only when its a safe 90% plus probability

  • @Reaganeering
    @Reaganeering 4 года назад +1

    Michael, you mention in video that prefer setups which work 95% to 100% for 1 point scalps. Can you tell me what video you might have which shows what that perfect setup looks like? Or, if you haven't done such a video yet, can you please? Thanks.

    • @MichaelChin
      @MichaelChin  4 года назад +3

      Hi Todd, I'm working on a strategy video for that perfect setup. It should be finished in the next 1-2 weeks!

    • @Reaganeering
      @Reaganeering 4 года назад

      @@MichaelChin Thank you...looking forward to it! I'm very interested in this type of trading.

    • @kcchiefster7916
      @kcchiefster7916 4 года назад

      @@MichaelChin Could you post link to that video? thanks! Great work!

    • @KK-tr7py
      @KK-tr7py 4 года назад

      Mallay Volpe thanks for the link

  • @irvingee4697
    @irvingee4697 4 года назад +1

    just discovered your videos and since I am a beginner I wanted to start with your first scalping video 001 but I cannot find it

  • @codyhutchinson9528
    @codyhutchinson9528 4 года назад

    Stupid question, can this scalping method work for forex too ? , and what time frame would u suggest using for scalping , 1 minute time frame ?

  • @jameslinsday3146
    @jameslinsday3146 4 года назад +1

    Can the principle of this strategy where you’re trading on futures, be used for trading stocks?

  • @thefullenergychannel2879
    @thefullenergychannel2879 2 года назад

    What time frame do you scalp on mate

  • @aaronnicholson8154
    @aaronnicholson8154 4 года назад

    Thanks, Michael!

  • @ramantewari
    @ramantewari 11 месяцев назад

    Bro thanks from India :)

  • @mayfly1234
    @mayfly1234 4 года назад

    thanks.. got a demo acct.. how real is the simulated trades and the price action?

  • @Kojtxiv666
    @Kojtxiv666 Год назад

    What time frame are you using when you trade?

  • @seb1586
    @seb1586 4 года назад

    Hi Michael thanks for all your trading videos. May I ask where in the world are you trading? What trading session? Cheers

    • @MichaelChin
      @MichaelChin  4 года назад +1

      I trade in the US on the West Coast

    • @Megastroke
      @Megastroke 4 года назад +1

      @@MichaelChin I can't get Ninjatrader in Canada, which other broker offers such a nice dome for quick scalps. I'm paper rading with IB, but they don't have the one-click order with the pofit levels and stop losses. I have to do everything manually and takes me to long

    • @terryhong5136
      @terryhong5136 4 года назад

      #:(+13605494304)#:

  • @aldorami
    @aldorami 4 года назад

    Ur technique can also be use for penny stocks?

  • @robinsonparra2102
    @robinsonparra2102 2 года назад

    Do use OCO order? And how do you choose the stop order?

  • @ufogovernment6039
    @ufogovernment6039 4 года назад +1

    what's a runner? how do you enter the orders? thanks

  • @jaynewman120
    @jaynewman120 4 года назад

    Hi, just wondering what broker are you using, and platform?

  • @ikaall5317
    @ikaall5317 Год назад

    Which time frame do you use for scalping

  • @mikkosutube
    @mikkosutube 4 года назад

    3.47..you had 3 contracts..? one tick is 12,50..is that the same as 3 ticks..wouldnt that be 12,50*3..or what am i missing?..thanks

  • @tathagata37
    @tathagata37 3 года назад +1

    How do you trade the S&P 500 index

  • @jessechea
    @jessechea 4 года назад +2

    Hey Michael, love your videos. I'm curious, what is the collateral for each contract? I also noticed all 4 contracts are ordered at the same time. Do you have an order template that you place for each trade so that it automatically sets a stop loss of 4 contracts, limit sell for 3 contracts, and one higher limit sell?

  • @tradingnapapiamentu1090
    @tradingnapapiamentu1090 4 года назад +1

    Hello want to learn more of this strategy, looks very good..
    Did saw an other guys video first and he sent me to your channel...
    This style is something i can use also, because of my job i do not have time all the days to trade, want to learn this asap pls..

    • @MichaelChin
      @MichaelChin  4 года назад

      I just launched a master course that will have everything you need to know to understand these setups. Try checking that out!
      www.dayonetraders.com/

    • @tradingnapapiamentu1090
      @tradingnapapiamentu1090 4 года назад

      @@MichaelChin awesome!!! Will definitly take a look..thnx.

    • @Evan-kj6ye
      @Evan-kj6ye 4 года назад +1

      Mallay Volpe it is actually a great plan. You’re probably just one of those people who gamble in the market. Take your hate someplace else, it isn’t wanted.

  • @jjdub111
    @jjdub111 4 года назад +1

    Great Work!

  • @MrArod001
    @MrArod001 4 года назад

    What time zone are you in? Do you always trade the same time frame? I’m on the east coast and your videos look like it’s 6 am, so are you treading premarket?

  • @NeedforSpeedGamesforpc
    @NeedforSpeedGamesforpc 2 года назад

    Is it spot trading or future trading?

  • @fpanfilo
    @fpanfilo 4 года назад

    Hi Michael, can you tell me which platform you use in this video? and which is the time frame of the chart?

  • @CharTheChair
    @CharTheChair 3 года назад +2

    You should do a full start to finish tutorial on how to start day trading futures. I'm extremely curious on starting on this but have no idea how to get started from nothing. Like how to get the software started, signed up with a broker, and whatnot. Love your content! Can't wait to see more from you! 💜

    • @warrenwilliams6539
      @warrenwilliams6539 3 года назад +1

      He has a complete set up video look at hes videos theres on on set up

  • @Janneysound
    @Janneysound 4 года назад

    Michael, IB/TWS does not ahve tick charts. Can I apply you "Trading the Traps" and "2-Legged Move" to say SPY ETF? Trading in paper. I am losing more than winning. Don't understand what I am doing wrong. How can you help me? send you screenshots? Thanks, janneysound

  • @knetlucena1810
    @knetlucena1810 2 года назад

    How can you identify between 95% and 80% of that trade.what's your parameters?

  • @MujeebMughal
    @MujeebMughal 3 года назад

    Which Platform you are using?

  • @hweissmd
    @hweissmd 4 года назад +1

    Michael, trading the/es requires a relatively large account with at least 40k
    Are there are other stocks that don’t require such a large reserve, and behave with similar price action?

    • @oanhtruong7098
      @oanhtruong7098 4 года назад

      /MES instead of /ES. And actually you only need to have the initial required margin which is about $1800 for /MES

    • @austinandres8707
      @austinandres8707 4 года назад

      Actually, you can trade the /ES with a $1000 account and the /MES with a $100 account. Just sayin.

  • @jackierix309
    @jackierix309 4 года назад

    Hi there do you have a live account with Ninja Traders ?
    How much would you recommend to open a live account ?

    • @broadeningwedge
      @broadeningwedge 4 года назад

      Lately margin requirements per contract is twice as much as advertised because of the volatility. If you want to trade ES with 4lots , 5k is the bare minimum.
      Tho, you could limit yourself to MES, micro ES, futures. 800 bucks would be comfortable to scalp this way.

  • @carlosgeofroy1546
    @carlosgeofroy1546 4 года назад +23

    How does your stop loss moves to the break even line automatically? Thanks

    • @tszhin13
      @tszhin13 4 года назад +1

      I would like to know this too

    • @CheddaGaming
      @CheddaGaming 4 года назад +2

      @@tszhin13 Ninja trader built in strategy technique thing I believe

    • @brionche8568
      @brionche8568 4 года назад

      U can set this up in the tools to move stop after a x= % move

    • @om78692
      @om78692 4 года назад +3

      thats ATM stratergy you tell the software if this happens do this simple as that....very basic to setup

  • @R5425-m3k
    @R5425-m3k 3 года назад

    I have wanted to get into trading to grow personal wealth over time but I'm literally clueless what platform to use or even how to do it... any advice for a beginner would be great...

    • @Prince-xx9cp
      @Prince-xx9cp 3 года назад

      download niinja trader 8 and try out demo account

  • @siddardhagokaraju6113
    @siddardhagokaraju6113 4 года назад +1

    I have completed watching all your live trading videos.... waiting for more videos from you

  • @kevinsalazar5553
    @kevinsalazar5553 3 года назад

    what trading platform were you using here

  • @jackvucreative
    @jackvucreative 3 года назад

    When you're scalping, how many days to you set your EMA to?

    • @dantemalick2872
      @dantemalick2872 3 года назад +1

      He has a video showing how he sets up ninjatrader and its labeled there

  • @jonbender6484
    @jonbender6484 4 года назад

    New to Ninja Trader, how do you add the PNL box on the bottom left of your screen?

  • @weightlosehacks5782
    @weightlosehacks5782 2 года назад

    I wanna know what is the best time fram for scalling?

  • @lawrencel2544
    @lawrencel2544 4 года назад

    Can you tell us what is your worst day lose on these trades. Just want to get a realistic expectation on what the drawdown is like in this type of trading.

  • @mohelmo
    @mohelmo 4 года назад

    Which EMA is that and what time frame do you use?

  • @charlid-t7222
    @charlid-t7222 4 года назад

    Hey michael, what's the point of letting ur runner run to a SELL LMT that's super high, almost unattainable, why not taking the 35 or 50$ it can give you?

    • @leveragefx
      @leveragefx 4 года назад

      Yeah I think he should just take 2 points on runners he'd have made about $5k more from the few videos I've seen.

  • @ryanschmid9945
    @ryanschmid9945 4 года назад

    Do you pre record your videos?

  • @fransnoralexis5513
    @fransnoralexis5513 4 года назад

    I you are in the middle of a trade, What happens to your trade if the remaining tick gets to zero?

  • @aidangallagher4231
    @aidangallagher4231 4 года назад

    Why didn't you buy the pullback before the one you traded in the first trade. It was a triple bottom so would that not have seemed more attractive

  • @toncuz8291
    @toncuz8291 3 года назад

    Which video explains your set-ups?