Video summary

This Incredibly EASY Scalping Strategy Works Everyday (Proven Data)

Main summary

Key takeaways

Finance

What the video claims to teach

A “three-step” intraday scalping strategy for trading (the creator says it works for cryptocurrency and also on prop firms). The strategy emphasizes:

  • A specific morning time window (8:00–9:30 ET) leading into the New York open (9:30)
  • Trend confluence filters using EMAs and moving-average stacking
  • Fibonacci-based entries with multiple limit (dip-by) orders
  • Performance tracking using R-multiples (risk units)

Disclosure note: No explicit “not financial advice” statement appears in the subtitles provided.

Instruments / tickers mentioned

  • No specific tickers (stocks/ETFs/crypto) are named.
  • The video references a pair generically (e.g., “the pair that we’re trading”).
  • TradingView is mentioned as the charting platform.

Indicators / tools explicitly referenced

IT Foundation indicator (custom)

  • Used for 8:00 a.m. to 9:30 to identify conditions around increasing volatility/volume into the NY market open (9:30).

Exponential moving averages (EMA)

  • 20-day, 50-day, 200-day
  • Used as a confluence filter (not as direct entry signals)
  • The creator wants EMA stacking for bias confirmation:
    • Example (long bias): 20 > 50 > 200
    • Reverse for shorts

RSI (Relative Strength Index)

  • Mentioned as an additional indicator for later use (details are not fully specified in the subtitles).

TradingView tools

  • Horizontal ray tool
    • Marks the highest and lowest prices in a pre-market/gray window
  • Fibonacci retracement tool
    • Used with a custom Fibonacci preset
  • Custom Fibonacci preset
    • Drives calculated entry/TP/SL logic via the trade calculator workflow

“TCL calculator” (custom)

  • Outputs:
    • entry/limit levels
    • take-profit
    • stop-loss
    • dip-by sizing/levels

Elliott Wave Theory tools

  • Trend-based fib extensions and counting 1–2–3–4–5 waves.

Price action drawing tools

  • Trend level drawing, swing highs/lows, and “change of character” style levels.

Step-by-step framework (as described)

Step 1 — Chart setup & key levels

  1. Add the IT Foundation indicator for 8:00–9:30 ET to watch for rising volatility/participation into 9:30.
  2. Add 20/50/200 EMA bands:
    • Used to confirm bias via stacking (not direct entry signals).
  3. Add RSI (later use; not fully detailed in subtitles).
  4. Mark the pre-session range:
    • Use a horizontal ray tool to draw from the highest high in the gray zone to the lowest low in that zone.

Step 2 — Wait for entry criteria

After 9:30, the creator describes waiting for a trigger such as:

  • A break + 1-minute candle close below/above a key level
    • Example mentioned: break and close below the low.

Then:

  • Apply Fibonacci retracement to the most recent swing:
    • click the low then high of the move (or vice versa as price changes)
  • Confirm direction via EMA stacking:
    • Example long condition: 20 EMA > 50 EMA > 200 EMA
    • Reverse implies short bias
  • Enter using a custom fib with multiple dip-by limit orders:
    • first entry at a starting value
    • additional entries (“dip-by”) at lower/higher fib-related areas
  • The creator demonstrates an example where the preset includes take-profit and stop-loss placement (with “pause-video” instruction), though full numeric SL values are not fully listed in the subtitles.

Step 3 — Trade management & execution (with multi-entry calculator)

  • The creator inputs fib/order parameters into the TCL calculator, then executes orders via an exchange.
  • Uses multiple limit orders:
    • “dip by 1”, “dip by 2”, etc.
    • If the first entry doesn’t fill, later dip-by orders may fill.
  • Take profit is recalculated/shifted based on the average entry.
  • R-multiple approach:
    • Example short behavior described:
      • price reaches the “second dip-by” zone, then continues to take profit for +2R.

Key numbers and explicit metrics mentioned

Time / session context

  • Focus window: 8:00 a.m. to 9:30
  • Key event: New York market opens at 9:30
  • Timeframe: entries/triggers discussed on a 1-minute chart (1-minute candle close).

Example price/levels (order levels)

The subtitles provide one concrete numeric example:

  • First entry (limit): 161.98
  • Dip-by levels (two additional entries):
    • 161.06
    • 160.23
  • A fib “high conviction area” reference: 1.272
    • Presented as a statistical claim
  • Take profit / stop loss:
    • described as coming from the TCL calculator
    • numeric SL values are not fully enumerated beyond “stop loss down at this value”.

Performance metrics (R multiples)

  • Claimed trade outcome behavior:
    • Win: about +0.2 to +0.25 R per winning trade (average stated)
    • Loss per trade: -1 R
  • Example win mentioned: +2R

Backtest / results over the past week (as claimed)

  • Over 7 days:
    • 39 wins
    • 1–2 losses
      • subtitles suggest “maybe one to two,” and also note “only have one… but maybe two losses”
  • Risk-factor arithmetic:
    • If using 0.2 × 39 = +7.8 risk factors
    • Minus 2 losses conservatively → +5.8 risk factors (summed risk factors total)

Trade frequency and selection rules

  • Some days: 5–7 trades
  • Other days: 1–2 trades
  • Avoid conditions with whiplash/irregular market action
  • Creator preference: calm price action
    • skips trades when ranges are too small or price is choppy.

Confluence / filters to avoid bad trades (methodology)

Confluence #1: Elliott Wave Theory

  • Identify five-wave trends (1–2–3–4–5).
  • If fib extensions match 161.8, 261.8, or 361.8 inside that wave structure, the creator avoids longs on those setups.

Confluence #2: Over-side / under-side retest

  • Look for break + retest behavior:
    • after lows break, price may return to test the level again
  • Used to align entries with the expected correction zones (referenced around the dip-by-2 area).

General execution filter

  • If moving averages aren’t lined up (bias not confirmed), don’t trade.
  • If market behavior is irregular, skip.

Explicit recommendations / cautions

  • The creator stresses learning and testing:
    • “lock in for 15–20 minutes” to learn the framework
    • each trader must execute seamlessly and know their own data
  • Warnings:
    • avoid trading during whipsaw/choppy conditions
    • do not treat EMA/RSI as direct entry triggers
      • they’re used only for confluence.

Presenters / sources

  • Presenter: the unnamed creator/host (referred to as “I” throughout the subtitles)
  • Platform/source mentioned: TradingView (for tools and indicator workflow)

Original video