How to Use a Simple 1-Minute Scalping Strategy

TL;DR

To use this 1-minute scalping strategy, mark the high and low of the first 15-minute candle after the New York session opens at 9:30 a.m. Eastern Standard Time, then watch that opening range for breakout, break-and-retest, or reversal setups. The approach combines the 15-minute, 5-minute, and 1-minute time frames and requires no daily bias or fancy indicators. Read on for the exact range, session, and entry framework.

Transcript

There is one trading strategy that I use every single day. It's stupid simple, incredibly reliable, and the reason why I'm able to make consistent profits in the market. The strategy I'm about to share with you today is so simple that even a beginner can't mess this up. I'm going to show you the full strategy along with three simple steps on exactl... Read More

Key Insights

• The strategy focuses on the first 15-minute candle of the New York session.
• Identifying the opening range high and low is crucial for setting up trades.
• Traders should wait for a 5-minute candle close above or below the range for confirmation.
• Three entry models include breakout, retest, and reversal setups.
• The strategy eliminates the need for complex indicators or daily biases.
• The New York session is preferred due to its high volatility and liquidity.
• The 15-minute time frame is recommended for beginners due to its liquidity.
• Backtesting the three entry models is essential for understanding their effectiveness.

Questions & Answers

Q: How do you use this simple 1-minute scalping strategy?

Start by marking the high and low of the first 15-minute candle at the New York session open. Treat those levels as the opening range, then look for a breakout, break-and-retest, or reversal setup and use the available time frames in combination.

Q: How do you identify the opening range?

Find the first candle of a new market session and mark its high and low. For the recommended setup, use the first 15-minute candle that forms when the New York session opens at 9:30 a.m. Eastern Standard Time.

Q: Why does the strategy focus on the New York session?

The speaker focuses on the New York session because it has the most volatility and liquidity among the sessions discussed. London and Asia can also be used, but New York is presented as the preferred session for marking the opening range.

Q: Which time frames can be used for the opening range?

The strategy can use the 15-minute, 5-minute, or 1-minute opening range. The chosen range is the high and low of the first candle on the corresponding time frame, while anything above 15 minutes is described as producing a range that is too large.

Q: Which opening-range time frame is recommended for beginners?

The 15-minute opening range is recommended for most beginners. According to the speaker, it has the most liquidity and lets traders combine every time frame, producing what the speaker calls the highest-probability opening range.

Q: What entry models does the scalping strategy use?

The three entry models are potential breakouts, break-and-retest setups, and reversals. Traders watch for these opportunities around the opening-range high and low after marking the first candle of the session.

Q: What is the first step of the strategy?

Step one is to mark the high and low of the first 15-minute candle of the New York session. These two external levels become the opening-range high and opening-range low used to evaluate potential trades.

Q: Does the strategy require indicators or a daily market bias?

No daily bias or fancy indicators are required in the framework presented. The speaker describes it as a repeatable, mechanical setup designed to remove guesswork and focus attention on executing the same range-based process each day.

Summary & Key Takeaways

• This trading strategy relies on marking the high and low of the first 15-minute candle of the New York session to determine the opening range. Traders should wait for a 5-minute candle close to confirm breakouts or retests, and then use the 1-minute chart for entries. The method is simple, reliable, and suitable for beginners.

• The strategy offers three entry models: breakout, retest, and reversal setups. It focuses on the New York session, known for its high liquidity and volatility, making it an ideal time for trading. By following these steps, traders can remove guesswork and make consistent profits.

• Backtesting is crucial to mastering the strategy, which doesn't rely on complex indicators or biases. The approach simplifies trading by focusing on mechanical setups and high-probability trades, making it accessible for traders of all experience levels.