Enter the URL of the YouTube video to download subtitles in many different formats and languages.
indicator for scalping the five minute
powerful that it can predict market
movements with up to 96.8 accuracy all
right guys well in this video i'm going
to show you guys how to set up this
chart on trading view give you entry
rules for the trades where to set up
your stop loss and how to take profit
just to maximize your trades right and
make sure you watch till the end because
i'm going to also show you how to set up
so every time there's a buy or sell
signal you get alerted and you're not
having to watch the trades all day long
so uh yeah let's let's get right into it
so when you get into trading view
your chart's not going to look like this
all right this is what your charts gonna
so the first thing we're gonna do
is we're gonna change the candles to
and then we're going to add a couple of
indicators to this so go into indicator
all right by ever get this is this is
the one that you're gonna use all right
and then we're gonna make some changes
so click on the settings right here
and then in the inputs we're going to
and we're going to change the atr
multiplier we're going to change that to
we're going to uncheck everything except
for the buy and sell label okay
so we're gonna change we're gonna stop
all right much cleaner and over here for
because you know it's it's still a
little far off especially depending on
where where it is i like to move these
closer and so for the buy label
below the bar so you see how that moved
and then over here for the cell label
we're going to do it right above the bar
so this way it's closer while you're
looking it's a lot cleaner looking all
so that's that's the fur that's the
first indicator then for confirmation
for entry rules we need to add another
uh sma so this is the one by verified
all right and then we're going to make
some changes to that as well let's go
the length we're going to change to 50
and style i like i like that line to be
so i'm just going to change that color
click okay and now you're good to go
now what exactly is the strategy what
are the rules what do you need to do
i'm going to put on here i'm going to
give you guys specific instructions and
again i just like i have to put this in
all my videos right none of this is
financial advice this is all uh for
educational information purposes only
let me start like a little text box so i
can give you guys some rules so when
you're looking for a long position
right when you're looking when you're
looking for a long position on here
first thing you need to do is you want
so once you get the buy signal you want
and then you're gonna set your stop
all right so let me show you guys what i
mean all right so for a long position
like right here first you get the signal
you make sure that the price action is
and then you'd set your stop loss
okay now you're gonna be like okay well
where do you take profits how do you how
so this is this is still going on this
this does not mean because these are
right you want this to completely pass
like something like this right so if
this was a sell signal you get in and
when it crosses over that's when you
would get out so this this trade would
all right so right now just to kind of
get an idea because this this is kind of
happening live right now on the five
minute chart on the on the euro jpy
i'm doing this on forex stuff but this
works great on crypto forex stocks you
know anything that has price action
if you kind of wait for this candle to
you put your stop loss at the swing low
right here or even this swing low
yeah so so far you know so so far is
doing pretty well so far it's it's
two to one risk to reward so the thing
is on this on these kind of trades i
don't like to put a specific risk to
um because sometimes you're gonna have
some big moves so you wanna capitalize
on them you wanna capitalize on them so
when when the price action like here
this would be a this would be an exit
point because once this candle closes
would be an exit point because the price
action right now has crossed over
the the white line all right now let's
right for example this would be a good
good good short position sale
let's open up another one so you guys
first you wait for the sell signal
all right which is in this case the
would be when the price action
all right so you guys have all of these
notes you guys can make notes of these
and stuff like that if you want
all right so now let's let's let's kind
of like go back and take take a look at
so this this is happening live so let's
definitely be a good exit point so not
bad right buy right here exit right
there feel like that's a pretty good
trade for the five minute uh scalping
so again it called out for the sell
pretty good kind of like get out when it
this one is a little bit iffy because
the price action is not completely over
the white line above the white line
it still would have made a little bit of
a profit but this wouldn't have been an
ideal situation for a trade okay
lots of consolidation here's another
good sell signal right where price
action is below the white line you get a
take it and exit right there when it
right here again price action it calls
for a buy signal price action is above
the white line when you get in on the
right and then you exit when it crosses
same thing over here this one would have
this one wouldn't have been this
wouldn't have been a good trade
this one would have lost a little bit
this one would have lost a little bit so
you know the winds are good the losses
so that's basically the strategy right
now let me show you guys how you can set
so to set up yours to set up your your
buy sell signals where you get alerted
from the chart you're gonna go into the
settings for the crce click on these
once bar close so once a bar closes
that's when you're getting get notified
chandler exit by once you create that
all right you're gonna come back in
so this way you get the exit signals
i mean the sell signals and you get the
buy signals and this way you get alerted
and you don't have to watch the charts
and hey if you guys if you guys found
value in this please please please hit
and subscribe to this channel it really
really helps and drop me a comment and
let me know where you guys are watching
from i really like to read all the
you know positive comments right i love
so drop me a comment and if you guys
you know i also have a telegram channel
where i post a free trade each week that
i'm doing and then if you want access to
all of my trades that i'm personally
taking when i enter when i exit all of
that stuff i've also got an all access
this is just one of the trades that i
that i did today on the patreon
and it worked out uh pretty well so
if you guys want to follow all my trades
join the patreon if you want just the
and see exactly what i'm trading
and uh yeah i'll see you guys on the
next one watch this next video right
here watch this one alright it's one of