EASY Scalping Strategy with NO Indicator! ONLY Price Action! [Nobody Knows This NEW Strategy]

1 2 3 4 5 draw a box the box has broken enter a trade and take your profit if you like to learn this price action scalping strategy stay with me welcome back to another video so here and today I want to teach you a scalping strategy with no indicators and purely based on price action make sure you watch this video Until the End so you won't miss any important Point all right this is how we do it this trading strategy is run on 1 minute time frame and we enter a trade when a support

or resistance level on 5 minutes time frame is broken I recommend not switching between 1 minute and 5 minutes time frame and stay here on 1 minute time frame and do everything here so you can be more focused on what is going on with the price action as you know every one candle on 5 minutes time frame is five candles here on 1 minute time frame the candles on 5 minutes chart are opened and closed on multiple of five in the time AIS so here on 1 minute time frame we start with the candles that

are multiple of five on time AIS this is actually where the 5 minute candle is opened 1 2 3 4 5 and at this time this is where the 5 minute candle is closed so here based on these five candles we draw a box from the highest high of these candles to the lowest low of these five candles again from the next candle which is multiple of five in time AIS and actually opening of next five 5 minutes candle we start counting 1 2 3 but before reaching to five If the previous box is broken

we enter a trade if the box is not broken on five candles counting a new box should be drawn which I explained it later and make sure you watch it so you learn what you should do in that situation so we can enter a long position here at this point when this new candle is opened and the stop loss is placed below the low of the breaking candle this is our breaking candle so the stop loss is set here below its low and the profit at 1.5 risk to reward ratio while the position is open

we don't count until the position is closed which happened here by the help of this candle so after this candle which our position is already closed we start counting from the candle which is on multiple of five on time axis which in this case is this one so 1 2 3 4 5 we draw a box from the highest high of these candles to the lowest low of these five candles candles and here by the next candle you can see that the box is broken so we can enter a long position here at this point

when this new candle is opened with the stop- loss below the low of the breaking candle here this is our breaking candle so the stop loss is placed here and the profit at 1.5 risk reward ratio which happened here right after we entered the position please pay attention that this is a very short-term trading style and with a proper risk management strategy and position sizing technique you open large positions but with the risk in control which I'll explain later about this so make sure you won't miss it all right after this candle here these candles

are not multiple of five on time axis and we start counting from here 1 2 3 four five we draw a box from the highest high of these five candles to the lowest low again from here we start counting one two and the box is broken here so now we can enter a short position here as this new candle is opened with the stop loss above the high of the breaking candle and the profit at 1.5 risk to reward ratio which is achieved here by the help of this candle all right when you take your

profit again you start counting from the candle that is multiple of five on time access 1 2 3 4 five we draw a box from the highest high of the candle to the lowest low again we start counting 1 2 3 4 5 the candles couldn't break the box so again we draw a new box based on these five candles which is like this all right now we don't pay attention to this box anymore and the focus is on this box we always consider the last box to be broken from here we start counting 1

2 3 4 5 again the candles couldn't break this box so we uh draw a new box based on these five candles which is like this and now our focus is on on this box we start counting 1 2 3 4 5 again they couldn't break the Box we draw a new box based on these five candles and now we want a break out of this box which happened here by the help of this candle so a short position could be opened here as this new candle was opened with the stop loss above the high

of the breaking candle and the profit at 1.5 rest to the world ratio which happened here by the help of this candle and in practice we would take our profit here as I mentioned earlier during the times that you have an open position you don't count but when your position is closed again from the candle which is multiple of five on time access you start counting and draw a new box as I said this is a very short-term trading style and you must have a strict risk management strategy in place with proper position sizing calculations

so you can limit your losses and on the other hand achieve the expected profit without a proper risk management strategy you cannot be successful and profitable with this trading strategy I highly recommend using 1% risk management strategy which is a perfect choice for scalping strategies like this by the help of this risk management strategy based on your stoploss you calculate your Poss size in a way that you will lose only 1% of your trading account in case if the price turns against your position and hit your stop- loss I have a complete guide on this

risk management strategy the link is also placed in the description and I highly recommend you to watch it because without a proper risk management strategy you cannot become a successful Trader all right that's it thank you for watching this video if you have any questions feel free to ask and leave a comment for me I'll answer your questions as soon as possible if you haven't subscribed to my Channel Please Subscribe and hit the Bell so you get the notifications of my new video see you guys in next video and good luck with your Trading