Summary of "My Exact 1 Minute Scalping Strategy For Prop Firms (Full Walkthrough)"
Summary of "My Exact 1 Minute Scalping Strategy For Prop Firms (Full Walkthrough)"
This video presents a comprehensive, practical walkthrough of a 1-minute scalping strategy tailored for prop firm trading, emphasizing a methodical approach to reading Price Action, Market Structure, liquidity, and inducements across multiple time frames. The presenter shares insights from trading live over two weeks, demonstrating how to integrate various technical concepts into a cohesive trading strategy with a focus on risk management, psychology, and timing.
Main Financial Strategies and Business Trends Presented
- Multi-Time Frame Market Analysis:
- Start with a top-down approach: quick daily time frame scan (1-2 minutes) to identify overall trend, key supply and demand zones, and Liquidity Pools.
- Refine analysis on 4-hour, 1-hour, 15-minute, and finally 1-minute charts to pinpoint precise entry and exit points.
- Understand Market Structure shifts (breaks of structure, higher highs/lows, lower highs/lows) and liquidity inducements at each time frame.
- Liquidity and Inducement Focus:
- Identify liquidity cycles: buildup, inducement, mitigation, and continuation phases.
- Recognize Smart Money Traps where Price Action lures retail traders into false breakouts or reversals.
- Use inducements (price actions designed to induce traders) as signals for who controls the market (buyers or sellers).
- Trade Models and Execution:
- Deploy specific trade models depending on market conditions (continuation, reversal, or trap setups).
- Use key time windows (London and New York sessions) for higher probability trades.
- Avoid trading during less predictable periods like Frankfurt open or Asia range without clear confirmation.
- Risk and Trade Management:
- Use strict stop-losses (e.g., 3 pip stop loss) and fixed take profit levels based on data-driven analysis.
- Employ a Break-Even Protocol once the trade moves favorably.
- Take partial profits at 1:3 risk-reward and consider scaling out to 1:6 or 1:10 if conditions allow.
- Be conservative and avoid chasing trades without confirmation to minimize losses.
- Psychology and Discipline:
- Emphasize the importance of being a restricted trader: only taking trades that meet strict criteria.
- Avoid trading based on hope or incomplete setups.
- Accept missed trades and losses as part of the process.
- Use a consistent methodology to build confidence and maintain profitability.
- Use of Custom Indicators and Tools:
- Utilize a custom indicator showing session times, Asia range, previous day highs/lows, and key liquidity zones.
- Analyze Price Action within these contexts to better understand market intent.
- Real-Time Examples and Trade Walkthroughs:
- The presenter walks through multiple days of trading, showing how to interpret market signals, identify traps, and execute or avoid trades accordingly.
- Highlights the importance of waiting for confirmation before entry.
- Demonstrates how news events (e.g., NFP releases) affect Price Action and the need to avoid trading during high volatility without clear setups.
Step-by-Step Methodology for the 1-Minute Scalping Strategy
- Step 1: Higher Time Frame Analysis (Daily, 4H)
- Identify overall trend (bullish or bearish).
- Locate major supply and demand zones.
- Note Liquidity Pools and inducement areas.
- Mark potential zones of interest for entries/exits.
- Step 2: Mid Time Frame Analysis (1H, 15M)
- Refine supply/demand zones.
- Observe internal Market Structure (higher highs/lows, breaks of structure).
- Identify liquidity cycles and inducements within these zones.
- Look for Smart Money Traps or confirmations.
- Step 3: Lower Time Frame Analysis (1M)
- Pinpoint precise entry and exit points using inducements, mitigations, and breaks of structure.
- Confirm with custom indicators (session times, key levels).
- Monitor for traps and avoid false signals.
- Use strict stop-loss and fixed take profit levels.
- Apply break-even protocols and partial profit-taking.
- Step 4: Trade Execution and Management
- Enter trades only when all criteria (time window, inducement, structure, confirmation) are met.
- Manage risk with tight stop losses.
- Take partial profits at predefined risk-reward ratios.
- Adjust stops to break-even as trade moves favorably.
- Avoid trading during news spikes or outside key time windows.
- Step 5: Psychological Discipline
- Accept missed trades or invalidations without chasing.
- Only trade setups that meet strict criteria.
- Be patient and wait for the right conditions.
- Maintain
Category
Business and Finance
