Using this strategy in one trade I made 2262 dollars this morning.
I have been playing with something that has had a dramatic effect on
my five-minute scalping strategy and I want to share it with you guys.
Finally.
Let's get into a video on V.
Whap
So the prerequisite for watching this video you must have watched my
best.
5-minute, scalping video.
It is linked right here.
You can watch this one first.
All the way through, because it's good for the algorithm, but then
watch that.
So you have an understanding of what's going on here.
You guys know that I have two indicators that were made by other
people for this channel.
It is the TMA overlay, which is publicly available.
And then the
May RSI Divergence indicator, which for some reason tradingview took
down.
So I'm going to give you the script to that in the description down
below.
So, without me, yabbering on for too long.
Let's get into the charts.
So I can show you exactly how to set this up.
Now, just to clarify.
This is a more advanced video.
If you haven't seen any of my other videos, this is going to be a
little bit over your head.
But essentially, you're going to have three indicators up on your
chart.
The TMA overlay, you guys should already have.
It's in the description of every single video.
Oh, it is publicly searchable.
You can just type in TMA overlay and you'll get that I've already got
it on my chart.
The second one is going to be the TM, a Divergence indicator.
You guys don't have this.
Some of you do if you have the code saved, but essentially I'm going
to just copy and paste the code for you and give it to you in a file
down in the description.
But this basically gives you an RSI line with hidden bullish hidden,
bearish regular, bullish, and regular bearish.
Divergence has they do print late.
So you need to be able to
If I them live and wait for trend line breaks.
Now, normally the TMA overlay looks like this in my 5 minute video.
I explained how a lot of these bullish and bearish engulfing candles
as well as three lines Strike should be ignored.
While looking at Price action in the settings.
I like to get rid of the 100 smooth moving averages.
So you're only going to have the 21, the 50, and the 200, smooth,
moving averages.
And that's all this indicator is, is a
200 a 50 and a 21 as well as bullish and bearish engulfing candles and
double arrows for these three lines strikes, which means those three
consecutive in One Direction and One engulfing in the opposite
direction.
Now, previously, the entire strategy looked like this, when the price
is above, the 200, period, moving average, you want to only look for
long positions and you want to look for rejections off of the 21 with
these engulfing candles or three lines.
Rikes, you also want the RSI line above the 50 level, at any of these
points.
You can get into a trade.
After three lines strike, are an engulfing candle and set your stop
loss at the previous moving average for your take profit.
You are going to look left and see where the next resistance Zone was.
And that's going to be your scalp.
That's going to be your 5-minute scalp on a five minute time.
Frame rejecting off of the 21 right here.
We had a 1-2-3 and it played out and this is on US 30.
So depending on your lot size.
This could have been a lot of money.
This was a 127 Point move on u.s.
30.
So do your calculations and you can see it's highly effective.
So while playing with other indicators because you guys know I'm an
indicator horror.
I got a lot of suggestions about the V wop.
When I saw the video app line, hold on.
Let me explain what video app is volume weighted average price.
So it is the average price like the moving averages, but it's also
It with volume volume weighted average price, which is amazing because
it certain levels.
When you have overbought or oversold markets, volume indicators can be
super beneficial.
That's why I've done several videos on volume, but having the volume
weighted average price on top of all of this stuff that we already
have. So, at this point, you're going to have three indicators.
Go to indicators Tab, and just type in Vivo app.
It is a built-in.
I like to change these settings a little bit.
So it stands out, click on the
Weíll get rid of the upper band and the lower band and the fill color
and change the colour of this thing to this, like, second blue, when
it's kind of like, kind of Milky, get it.
I don't know, II thickness and that's all you got to do at this point
right here.
You've already got the essence of my 5 minute, scalping strategy,
where it rejects off of the 21, but if you can get that in Confluence
with the Viva pipeline, The View app holding the price like being a
nice level of support that is live like that.
Actually
Support and resistance levels, but the actual support of the price
when it rejects off of the 21 and you get the view a projection right
there, that is an extra Confluence and extra confidence that you can
have in that trade that it's going to go long term.
So from beginning to end.
What are we looking for?
For this 5 minute, scalping strategy.
We are waiting for price to break over the 200, moving averages or
under the 200 moving average.
It needs to cross.
So once it crosses
you're looking for long positions on the upside and once it falls
below you're looking for shorts on the downside.
You want D21 and the 50 moving average to also, cross through you
want. Nice momentum to the upside when we're changing directions in the
trend.
So at this point right here, we have the 21, the 50, and the 200-day
all lined up for a good long position.
Now, we're just waiting for that rejection off the 21 period moving
average, which we had right here.
And without
The V web.
This is all you're going to see is an engulfing.
Three lines, strike right here.
Rejecting off of the 21.
We're also looking at the Divergence indicator.
We already had a hidden bullish, Divergence showing that we might get
some upwards momentum from that point.
But essentially you just want to keep above the 50 line here.
You had to wait an extra one or two candles but having the view app
line on there and seeing that it rejected off of the 21 as well as the
view app.
That is
A key key key.
Let me put it a different way.
If you see this happening, it's like the little angel on your
shoulder.
Tapping.
You and saying, hey, Artie get into this trade.
It's going to be good every time.
I'm unsure about a trade.
I don't know why it's rejecting or why it's bouncing off of this
point. And I start to play with other moving averages like the 10 or the 100,
but the one missing link for me, I think has always been the viwa
pipeline and The more I've been playing with this.
Which has been weeks and weeks and weeks, the more success on finding
in it. Now, again, you can see right here.
It rejected off of the view app line, as it crossed through the 200.
Before it rejected off of the 21.
I don't really suggest getting into these trades that are that early
just because I want to see the other moving averages, get above it to
show that nice momentum and have the push up that we need to get that
Trend going.
So like kindling, the fire and then dousing it in gasoline now from
everything.
That I've seen, I would stick to either a five minute, 15 minute, or 1
hour time frame depending on which one you're most comfortable with.
I like to trade the 5-minute chart.
It's faster.
I'm in and out of positions, faster, and it's more active, and I only
have certain hours of the day that I like to trade or that I have the
patience to trade.
So a five minute chart for me, is really, really good, knowing all the
stuff that I know about trading on higher time frame.
So, I'm always looking at multiple time frames, making sure that I'm
above
Below the 200 on those time frames.
So what I highly suggest is watching all of my videos using these
indicators, the scalping strategies, the different time frames, get to
know my content, memorize my strategy, and then implement the V Webb.
And I promise you, it's going to make a huge difference in your
trading as well, as you carrying more confidence in that trade being
able to hold it longer knowing that the view app line is supporting
your Trade and just to give you an example of a short position, here.
It fell below the 200 moving average rejected off of the 21 then found
that push down as it passed the view app line.
And right there you're going to get in on your short position and
scalp it for your price targets.
You're always going to look left to see where it had the most
resistance.
And for those of you that like to counter Trend trade, scalping, in
between the moving averages.
Like I've explained in many of my videos, you wait for the price to
cross through those moving averages to push down to the 200.
But with this,
You also get that video app cross showing you that momentum to the
downside.
So as it crosses the 50, you can easily take that position down to the
200.
I simply targeted on this trade that I took.
When was that October 18th?
I simply targeted this Zone when I looked left, which was below the
200, which was a little bit more risky, but it played out beautifully.
So, before I started recording this video, I actually saw a good
entrance right here on this huge a scandal because you guys know I
love to trade big-ass candles.
Breaking down below that V Webb.
So, I entered my trade right here, stop loss around where the mush of
moving averages targeting, just below the 200 moving average.
This is a counter Trend trade and I don't suggest everybody do this,
but I looked left and saw a bunch of resistance here.
So that was the area that I targeted.
And a 1/2 2.25 risk to reward ratio.
If you're curious.
I've started a funded account challenge.
F TM o, which I'm going to discuss in tomorrow's video.
But not bad, is your first trade on a fund that account.
So if you guys have mastered my strategy, but you're still struggling
a little bit.
I highly suggest adding a video app onto your charts to see if that
works for you.
If that gives you another Confluence and more confidence while
trading.
Now again, if you guys have not seen the first video that I made on
this five-minute scalping strategy, please watch it here.
If you guys got some value out of this video and you like the way that
I teach,
Teach and you appreciate all the content that I'm making consider
subscribing to the channel.
By clicking this button right here, also share the channel, so I get
to a million subscribers, please.
Thank you.