Grow Any Account Size with This 5 Minute Scalping Strategy | Forex Trading Tips
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In this video, Solo E TV Trading shares a 5-minute scalping strategy that can be used to grow any account size, whether it's $100 or $10,000. This strategy applies to trending markets, especially volatile pairs, commodities, or indices such as gold, US oil, UK oil, Nasdaq, US 30, and S&P500. The first step is to identify the direction of the trend, which can be done by looking at a higher scale or the five-minute timeframe. Once the trend is identified, traders should look for key levels, such as supply or demand levels, order blocks, or support & resistance, roughly in the middle of the trend.
Traders can use Fibonacci retracement levels to determine where the 50% market level is and look for their key levels in that area. Once the key level is identified, traders should wait for pullbacks to get a good position, less risk, and more reward. The entry should be taken once the market reacts to the key level, such as wick rejections and engulfing candles. Traders should always make sure their stop loss is a few pips below the low of the key level.
Timestamp ⏰
0:00 - 7:24 Understanding The Strategy
7:24 - 9:40 Trade With TraderLocker using OspreyFx
9:41 - 11:31 The final Sauce to make the strategy work
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#5MinuteScalpingStrategy #ScalpingStrategy #ForexTradingTips #TradeWithTraderLocker #SoloETVTrading #ForexTrading #TradingStrategy #forex #trading #livetrading #livetrader #newyorksession #soloe #soloetv
© Solo E TV Trading
Пікірлер: 66
Thanks for watching this video please comment below on what next you'll like to see
I want more Solo !! Thank you bro. I've been following you for a while now , live trades , everything , and this just gives a recap of what you're doing daily. I love it cause it helps so much seeing this again. THANK YOU SOLO!!
@SoloETV
Жыл бұрын
Love hearing it
Your video was well-explained, thank you for uploading.
Gr8 content Solo! I'm subscribed and looking forward to learning more day-trading strategies like this from you.
@SoloETV
Жыл бұрын
Appreciate the love
Hi Solo, thanks for the info, quite resourceful, wish to have more of such videos. Best regards.
@SoloETV
Жыл бұрын
Appreciate it
Always appreciative of the game especially the mental aspects and feel free to add on more when able to S, thx 1000👍👍👍👍👍 Peace!1
@SoloETV
Жыл бұрын
Much luv!
Great video Solo thanks for tips !!
@SoloETV
Жыл бұрын
🙏🏾
Great video Solo.. keep up the good work
@SoloETV
Жыл бұрын
Thank you!
Solo we definitely need more gems like this. There are alot of us out here just trying to get profitable!
@SoloETV
Жыл бұрын
Forsure appreciate the comment
Nice video, short and to the point...
@SoloETV
Жыл бұрын
You already know!
Awesome video🎉. Got a question. Shouldn't we wait for an internal high/low to break(MS) before we enter?
@SoloETV
Жыл бұрын
Yes you wait on that first then you can enter.
@tradingpsychologycommunity
Жыл бұрын
@@SoloETV ty
I wonder how you can get around the pattern day trading rule without have 25k or funded account
Thank you bro!
@SoloETV
Жыл бұрын
🙏🏾
is there a good simulator you can save settings on the drawing tools etc? when looking at the trading view?
@SoloETV
Жыл бұрын
Yes
@pinkflower3341
Жыл бұрын
@@SoloETV for example?
Hi solo Thanks allot for this strategy Emm Pls which of your videos That show the settings of ur fib Thanks for reading my comment
@teniseflit1614
Жыл бұрын
Please reply
@manalesekotlong2032
Жыл бұрын
You on insta? So I can send you the settings
@SoloETV
Жыл бұрын
This video
@SoloETV
Жыл бұрын
@@manalesekotlong2032 follow me on ig @therealsoloe this is my only verified IG !
@teniseflit1614
Жыл бұрын
@@manalesekotlong2032 yes
Thanks 💪💪👈
@SoloETV
Жыл бұрын
🙏🏾🙏🏾
If you can do another video about elliott it would be great!
@SoloETV
Жыл бұрын
🏆🏆
Nice video king
@SoloETV
Жыл бұрын
Appreciate it
Silly question question time. If on a single trade I'm willing to risk 1% of the account, for a trade like this where there are two TP's it seems reasonable to me to split that 1% into 0.5% for each TP. Assuming 1% of a funded account position is 2K, that therefore means 1K risk per opened position. If the TP1 has a 1:1R this gives you 1K in the bank. TP2 in this case has 2.43R meaning a return of $2430 for a total winning of $3430. Why not just set a single position with the full 1% up to TP2, where you'd end up having 2K x 2.43 for a $4.86K? My assumption would be that you're okay with losing a little profit, if it means that overall you have a good chance to protect the profit that you already have?
Can you tell me which platform u using for trading?
@SoloETV
Жыл бұрын
Mt5 and tradelocker powered by trading view with ospreyfx
why is that the most recent low?
fresh trim
@SoloETV
Жыл бұрын
Much Luv!
The 5 or 15 chart is were it is at
Hello Solo E TV how are you
@SoloETV
Жыл бұрын
Good #solonetwork
@jollydarrenmarin5460
Жыл бұрын
@@SoloETV very nice to hear that
Bismillah More videos
@SoloETV
Жыл бұрын
🙏🏾
I'll forever be thankful to you, you've changed my whole life, I'll continue to preach about your name for the world to hear, you've saved me from a huge financial debt with just little investment, thanks so much Mrs Shelia Carr...
@Baronny
Жыл бұрын
Amazing that you know her too. It's only been a few months with her, my portfolio has grown tremendously and i've been making alot of profit...
@Cristine_Forsberg
Жыл бұрын
Mrs Shelia is a prayer answered, I was at that point of giving up when i met her, she turned the tides around...
@Aaronparkerr
Жыл бұрын
You invest with Mrs Shelia too? Wow that woman has been a blessing to me and my family...
@Douglas_webb
Жыл бұрын
I’m new at this, how can I get hold of your broker ?
@Lauren_Munoz
Жыл бұрын
I had my doubts at first when i came across her name, took the risk to tryout her strategies, i was mind blown on the huge returns.......
Defend your your capital, losing is part of the game.
@SoloETV
Жыл бұрын
Yup facts
Great video. Can you put the link of tradingview( traylocker)?
@SoloETV
Жыл бұрын
You’ll have to get sign up with ospreyfx which the link is in the description
More ! Thank in advance. 💪👌🏌️