so many day Traders make this critical
mistake when they're scalping they only
look at Price action and higher highs
and higher lows but the mistake that
screws them over time and time again is
quite easy to spot
welcome back to the channel everybody my
name's Artie and this is the moving
average a show where we discuss
everything day trading to keep you
profitable this video is going to be one
of my world famous two minute tutorials
so let's get into the charts what I want
you guys to do I know you're scalping I
know you like the lower time frame like
I do but what I want you to First do is
take the price out of whatever you're
trading out to a higher time frame right
now I have Australian dollar US Dollar
on a daily time frame and what I want
you to do is focus on these areas the
areas where price rejected and made a
new trend and only focus on these areas
just for five minutes I'm going to show
you something that's really going to
change where your take take profits and
where your stop losses are and even
where your entries are okay so what
we're going to do is not use straight
lines we're going to use zones and boxes
because it's not an exact science but
it's pretty damn close all of these
areas I want you to draw a rectangle and
take it all the way out to the left
you'll understand why in just a second
so since Thursday the 21st of October
2021 these are the key levels for this
specific asset Australian dollar US
dollar even if I drag this one out you
can see it did it right there so these
are the key levels that you need to keep
in mind the one thing that scalping
Traders do not do is look at what the
actual price in these zones is they just
look at the zones and not think about
the actual price so if we look at this
first one the actual price that it got
this Wick and dumped down from is 0.7600
almost exactly but the the entire range
is like 50 Pips ish this one right here
looking left is exactly
0.73000 this range right here looking at
the price of the chart is point seven
zero zero zero zero the reason why price
spikes from these areas is that they are
known as major Bank levels meaning that
banks are targeting these areas
specifically because they are dumping a
large sum of money transferring moving
currencies from Australian dollar to US
dollar or vice versa at these specific
levels and you can start seeing patterns
being formed at these areas some of you
guys have already noticed but the
difference between every one of these is
300 Pips exactly so if you subtract 300
Pips from
0.67000 what do you get that's right six
four zero zero zero let's look at that
price level draw a horizontal line there
and what do you get more rejections more
support being shown at this specific
level so if you're scalping on a much
smaller time frame like the one minute
or the five minute but you're looking at
price structure you're looking at higher
lows and higher highs you get into your
trade the price targets that I want you
to focus on when you're holding those
scalps longer or going in a specific
direction is look at which one it's
closest to and how you can get into that
trade into that zone and another key
mistake that people make is entering
trades at these levels you do not know
definitively if it's going to go up or
down from these levels so getting in
while prices here might keep you in an
area of consolidation for more than
you're comfortable with wait until
you're seeing definitive rejections on a
higher time frame then look for your
higher highs and higher lows on your
lower time frame like your five minute
and when determining your overall higher
time frame Trend as you can see here we
we had a couple of fake outs as price
kept pushing down but now we are clearly
above that trend line so I can
comfortably say that Australian dollar
US Dollar on The Daily time frame is on
an uptrend until price breaks this trend
line and or retests this level of known
support and resistance or the uptrend
that's what I'm focusing on right here
so these are your options and you must
be aware of all of this even if you're
scalping and focusing on that smaller
time frame always understand that there
are key psychological and Key Bank
levels on every single asset that you're
trading it does not matter if it is
Bitcoin that one's at thirty five
thousand that one's at forty seven
thousand and this one is eighteen
thousand you can see rejections
rejections rejections rejections off of
these levels this is thirty four
thousand this is thirty thousand key
levels like this are going to help you
hold your trades longer or get you in
the right direction rejection ends off
of these key levels are monumentally
more important than other levels so if
you guys want to improve your trading
dial in your trend lines and dial in
your support and resistance areas watch
this video right here and if you got
some value out of this video you like
the way that I teach make sure you're
dropping a like And subscribe if you
have not already thanks so much for
watching and we'll see you in the next
one