Read Below For Other Tips When Scalping: News: I recommend avoid trading 5 minutes before and after major news releases & open. Too much volatility, spreads jump, and not predictable. Timeframe Sequence: If you plan on using 1minute or tick charts then consider using 1hr or 30minute as the higher timeframe analysis for other technical analysis to help your market direction bias. Scalping: Scalping tends to be lower quality and higher emotions than day trading or swing trading Volume: Make sure you are trading liquid markets during market times. You should not be entering 1minute trade when not session is open or during a very dull period of not liquidity. Volume & liquidity is very important to a traders success. Futures vs forex vs CFD: Futures trading is better when scalping because of lower commissions + tighter spreads + less manipulation. Consider futures if this is the direction you wish to go. How many markets To Trade? Remember, it’s a lot easier to focus on 1-3x girlfriends than trying to control 20 girlfriends =). Final Note: Test, Journal, Review, and find what style works for you.
Thank you for all your videos and what you do for the community! All I trade is supply and demand trending market and with the flow and I had a 9000$ week on demo. I am going to get a prop firm account starting next week with these same rules and things moving forward. You have taken my trading to a new level!
You're taking my trading to another level, have been watching your videos for the past month, my paper trading account which i have been struggling to breakeven is now at 200% profit. Hoping to test it in the real live market soon...God bless you.
Great great job bro . I love how simple you teach . New sub . What’s your take on just trading one pair on the lower time frame . I find it I’m much more focus on just one , I get just as much profits rather than 3 .
100% agree. There are pros and cons like you might not get as many setups but you can use discretionary and intuition to trade. I focus mainly on GOLD.
Hey Austin can we count those big candles form after news as imbalance in supply & demand setup? And Can we trade those big candles like supply and demand? Please reply❤
thanks man once more!!! about the one time frame setups....on gold and us500 you point out it is in an uptrend. well, it is quite obvious, but is there any kind of indicator determining trend you worked with? so screening the markets would be more of a no brainer and mechanical. on tradingview there is supertrends with which one can adjust the time frame of the trend the indicator is showing. of course i could answer the question myself with back testing, though i would like to know what you think or maybe you integrated an even better trend indicator to your trading, which i do not know of.
Hello sir i have a question. Should I jump to entry after my zone is 'touched' after all confirmations or should i wait for price action to create like morning or evening star or others? Thank you.
yes, once price is inside a HTF zone or whatever other technical setup you may have to either long or short bias, you would then go down to a LTF and wait for confirmation. You can always use other candlesticks and price action to help with confirmation but I normally wait for a structure break (opposing pivot zones removed, trend line break, and a strong imbalance). The wick setup is a little different style of trading confirmation that I have not yet covered on this channel but is showing promising results.
Read Below For Other Tips When Scalping:
News: I recommend avoid trading 5 minutes before and after major news releases & open. Too much volatility, spreads jump, and not predictable.
Timeframe Sequence: If you plan on using 1minute or tick charts then consider using 1hr or 30minute as the higher timeframe analysis for other technical analysis to help your market direction bias.
Scalping: Scalping tends to be lower quality and higher emotions than day trading or swing trading
Volume: Make sure you are trading liquid markets during market times. You should not be entering 1minute trade when not session is open or during a very dull period of not liquidity. Volume & liquidity is very important to a traders success.
Futures vs forex vs CFD: Futures trading is better when scalping because of lower commissions + tighter spreads + less manipulation. Consider futures if this is the direction you wish to go.
How many markets To Trade? Remember, it’s a lot easier to focus on 1-3x girlfriends than trying to control 20 girlfriends =).
Final Note: Test, Journal, Review, and find what style works for you.
hello, what program are you using @13:24
@@johnpaulogena8713 Heatmap is what it's called. You could also use "bookmap" for just the software and not open a futures account.
thanks@@MoneyballAustin
Bro how to identify upper base and lower base in supply and demand
@@shrikanthhavaleppagol1089 need more information beucase I don't fully understand what you are asking regarding "lower base / higher base in S/D.....
Thank you for all your videos and what you do for the community! All I trade is supply and demand trending market and with the flow and I had a 9000$ week on demo. I am going to get a prop firm account starting next week with these same rules and things moving forward. You have taken my trading to a new level!
I was having gender identity issues, but then you mentioned the 1 to 3 girls and spreads. I'm good now!!!! 😂😂😂
I started your course today. I hope it will be fun . Thanks
How was it Brother
Little by little I’m always learning something from you.. I appreciate your time and effort for us.❤️
You're taking my trading to another level, have been watching your videos for the past month, my paper trading account which i have been struggling to breakeven is now at 200% profit. Hoping to test it in the real live market soon...God bless you.
Keep me updated!
Awesome video need more of this I prefer scalping gonna start journaling and back testing
Learning everyday from you. Thank you bro.
Great great job bro . I love how simple you teach . New sub . What’s your take on just trading one pair on the lower time frame . I find it I’m much more focus on just one , I get just as much profits rather than 3 .
100% agree. There are pros and cons like you might not get as many setups but you can use discretionary and intuition to trade. I focus mainly on GOLD.
Thanks you sir😊
What platform is this your using ? Before you went to trading view
Quantower
great teach dear Austin
Another great video, Austin. Thank you.
Do a backtesting sesh using rewind and take live trades please
Bro in which app do you execut all of your trades?
I don't use a phone app. I use MT4, Quantower, and Questrade platforms.
Hey Austin can we count those big candles form after news as imbalance in supply & demand setup? And Can we trade those big candles like supply and demand? Please reply❤
I don't now for sure what the stats are on this but I personally do. This is something I'm interested in testing.
Can I ask where to find the heatmap mentioned in the video?
bookmap or any futures broker
thanks man once more!!! about the one time frame setups....on gold and us500 you point out it is in an uptrend. well, it is quite obvious, but is there any kind of indicator determining trend you worked with? so screening the markets would be more of a no brainer and mechanical. on tradingview there is supertrends with which one can adjust the time frame of the trend the indicator is showing. of course i could answer the question myself with back testing, though i would like to know what you think or maybe you integrated an even better trend indicator to your trading, which i do not know of.
now i remember some of your videos and the price action above or below moving averages are also trend indicators in a way🤔
@@thomass6328 Watch this video: th-cam.com/video/HnhMCqHJtQo/w-d-xo.html&pp=ygUXbW9uZXliYWxsIGF1c3RpbiB0cmVuZHM%3D
@@MoneyballAustin done. thanks:)
Hi how.with broker u trade .that one u can trade gold in usa ?
I'm not American so I'm not 100% familiar with all the rules and regulations for US clients. I'm trading futures here which allows you to trade gold.
do i really need a bookmap showing the orderflow or it is not that much of a difference ??
no but it will help with a deeper understanding of whats happening... it's just another tool like level 2.
2:23 I don't know what you mean by, "look how tight the spread is". How can you determine the spread without looking at the order book?
Bid and ask lines
Yes, bid and ask lines on tradingview.
My guy
Having 20 different girl friends is more fun but need more energy and more money to manage
if you know you know =)
Hello sir i have a question. Should I jump to entry after my zone is 'touched' after all confirmations or should i wait for price action to create like morning or evening star or others? Thank you.
yes, once price is inside a HTF zone or whatever other technical setup you may have to either long or short bias, you would then go down to a LTF and wait for confirmation. You can always use other candlesticks and price action to help with confirmation but I normally wait for a structure break (opposing pivot zones removed, trend line break, and a strong imbalance). The wick setup is a little different style of trading confirmation that I have not yet covered on this channel but is showing promising results.
@MoneyballAustin thank you sir, I started to enjoy more trading because of you. God bless you!