This 5 minute scalping strategy is so simple, yet it's proven to make money time and time again. If you're looking for a scalping trading strategy to make some extra cash in the markets, then this is the strategy for you!
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– Disclaimer –
This video expresses my personal opinion only. Trading financial markets involves risk, and is not suitable for all investors. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action, and any trades you decide to take are your own. Nothing in this video is financial advice. All content is for informational purposes only.
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πLink to Lux Algo Premium – Use Promo Code ANY20 for 20% off β‘ https://bit.ly/3nS3DaT
π€See ALL of my Trades – Join My Patreon β‘ https://www.patreon.com/MyTradingJourneyFullAccess
π°Join My FREE Telegram Channel β‘ https://t.me/joinchat/AAAAAFcSSyCUKI3CpSgxgw
π Backtesting App I use in my videos. Sign up for FREE: https://bit.ly/3Cx2QpQ
fake. repaint indicator used.
I see you said it was totally free and all except the ATR Stop loss is but you have to pay for that indicator. Looks promising but another sales pitch.
too bad it repaints π
The envelope indicator repaints. Your trades wonβt be accurate
AMAZING…BOOMER !!!
Hard to back test this with the Nadaray indicator being so limited as to how far it ill go back. Spot testing is nice but doesn't mean much at all. You need back testing for weeks otherwise it's a guess that the system works enough to be dependable. Just my two cents! π
I'm 48years old living in California, I'm hoping to retire at 50 if things keep going well for me. Bought my first house last month and I can't be more proud that am i now. I'm glad i made great decision about my finances that change me forever
There's one flaw here, nadaraya is a lagging indicator and repaints. If you use the replay mode, some candles are not outside the channel.
Has anyone actually tried this strategy? Please let me know how it worked for you. I watched live yesterdays market and got stopped out 2 trades in a row. Thoughts??
Why nadraya indicator is accurate ?
Great Video man, one question, is this method valid for smaller caps where there may be less hedge funds, banks, big finance companies, etc? I am not doing well, all my trades slaps me in the face.
Win ratio is horrible after 100 back test
Nice one master, the strategy is pretty nice
The nadaray indicator repaints / ajusts to price. So what you see in hindsight is not what you will see when trading live.
I backtested the indicator with replay mode in tradingview. Many times when price went out of the bands and you forward price a little the bandd adjust and make it seem price didnt move outside of the bands.
Pls be carefull with teaching those strategies as they are missleading and some people might lose money with it because their backtest shows great results but live trading they will lose their account.
BOOM
It's repaint ?
I recently realized that the secret to financial security is Making better investment. I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money invest:ng. For example last year I invested 85k in blue chip stocks and crypt0 s (with the help of my advisor of course) and made about 480k, but guess what? I put it back and traded with her again and now I'm rounding up a million. Delayed gratification always pays off
Good video
Hello dear β€οΈ I don't if you will find this comment or not, I couldn't hear you properly,please give me a reply, what is what is the first indicator name you used( the lines both sides of the candle stick) ?
Thank youπ for this video, do you offer account management or have any recommendations?
Great video but you sisnt mention that the envelope constantly moves therefore repaints… I think that should have been said its easy to backtest and go backwards once it prints to see what the best trades would have been… Not in real time though
Your example at 6:55 was wrong. RSI was NOT outside. It touched the upper level but did not cross above. Anyways, enjoy your videos.
Never lose!
The Nadaraya Watson Envelope indicator repaints, which means you cant use this indicator in real time because historical envelope will change depending on current and future market movements. And if you cant use the indicator in real time then this indicator is no good for scalping. Most Lux Algo indicators repaints so don't trust it for scalping.
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