The Scalping Strategy I Wish I Knew as a Beginner

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  • Опубліковано 5 чер 2024
  • 📙Free Scalping Strategy Class on how to start becoming a profitable trader ➡️join.evolvedtraders.com/d
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    0:00 - How I Made $2,875 In 1 Trade
    0:19 - My Pre-Market Checklist
    0:51 - The Best Way To Approach Trading
    1:15 - My 5 Step Entry Checklist
    1:54 - Step 2
    2:41 - Step 3
    3:26 - Step 4
    4:29 - Step 5
    6:00 - Entering Into My Biggest Trade Yet
    9:41 - My 3 Phase Management Style
    DISCLAIMER I am not a financial advisor and anything that I say on this UA-cam channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and my personal experience. You should always understand that with investing there is always risk. You should always do your own research before making any investment.
    #DayTrading #scalping #scalpingstrategy

КОМЕНТАРІ • 169

  • @RileyColeman
    @RileyColeman  2 місяці тому +7

    I just opened up access to my exclusive trading community ➡bit.ly/TradeDailyWithMe

    • @siveigh5827
      @siveigh5827 2 місяці тому

      Which pair is that in the video

    • @jcbsportscards6841
      @jcbsportscards6841 2 місяці тому

      In this video, you made as much as I would in a month of teaching. I gotta get better at this.

    • @mindyallen1181
      @mindyallen1181 2 місяці тому

      What trading platform do you use?

    • @lozlawn
      @lozlawn Місяць тому

      exclusive to people who will learn everything the wrong way? sounds like suicide

  • @FreddyCray
    @FreddyCray 2 місяці тому +75

    I Started understanding trading a bit more since i discovered your channel. My only question is how can I identify when the market is in an uptrend or downtrend and also how do I understand where the higher highs and lower lows are being put in?

    • @joereed-rp4vi
      @joereed-rp4vi 2 місяці тому +2

      Identifying uptrend and downtrend often give desired trading results. But if you can’t figure out where the higher highs and lower lows are being put in then you should consider seeking the assistance of a professional trader. Trading is lot more easier and profitable when you have official guidance

    • @stevenkent8593
      @stevenkent8593 2 місяці тому +1

      Success with trading is tied to your ability to identify trends and position yourself for profitable entry and exit points

    • @leskobarnes3170
      @leskobarnes3170 2 місяці тому +1

      Just backtest for yourself and journal your trades and you'll see a huge difference. You'll understand where, why and when your strategy has a higher win percentage

    • @estellaevelyn5971
      @estellaevelyn5971 2 місяці тому +1

      @JOEREED I peep what you mean by "Trading is lot more profitable when you have official guidance” but 6 out of 10 of most professionals aren’t valid. Basically why I haven’t looked into the choice of working with a professional even upon needing the service of one

    • @TreyMilan
      @TreyMilan 2 місяці тому

      Finding someone to work with might be sometimes inconveniencing due to rate of substandard professionals out there but in all my years of trading,The most valuable insights was getting to work with trading ex pert cooper and having to earn consistently from the analysis.

  • @RJ-nf6ox
    @RJ-nf6ox 2 місяці тому +3

    Thanks for doing these bro! I enjoy all your videos!

  • @brandoncruz3509
    @brandoncruz3509 2 місяці тому

    Big the opener for me. You were always the one that opened my eyes to a trailing stop as your profits get higher but where to place it. This video was sooo good for that.

  • @user-et8gt2te9h
    @user-et8gt2te9h 2 місяці тому +11

    Ditto .. reversal trading has a good probability. 2/3 lower lows then wait for double bottom with slight higher high then I’m in . Ocassionally on heavy selling days u get caught. Or just wait til next big support level.

  • @medpire113
    @medpire113 2 місяці тому +3

    Love the training man, thanks for your hard work. you're so easy to understand. I gotta jump in the community

  • @ttpaul
    @ttpaul 2 місяці тому +1

    Great details of what you were thinking and decision making process, this is gold!!!!!

  • @citocasiano9274
    @citocasiano9274 2 місяці тому

    I just found your channel, and glad I did. Thank you! This is laid out AND explained very well... for us beginners! Thank you. New subscriber! ready to learn more

  • @417altavista
    @417altavista 2 місяці тому +1

    Best start to finish mindset videos out there!

  • @_Shimona
    @_Shimona 2 місяці тому +1

    Thanks again for all your videos! I still have a lot to learn, but watching them has given me the confidence to start trading (and making money!) Thanks again!

  • @shooter.mcgavin
    @shooter.mcgavin 2 місяці тому +1

    Hi Riley. Do we account for pre market highs and lows or just the previous trading day for zones?

  • @pannathontunyavanich2365
    @pannathontunyavanich2365 2 місяці тому

    thank you so much for teaching me It's like something new for me

  • @ivanbutor
    @ivanbutor 2 місяці тому

    Hello, thanks for your channel. I want to ask what trading platform you use?

  • @fredrickalfarez6875
    @fredrickalfarez6875 2 місяці тому +50

    Huge respect for you and what you teach us daily. Your videos have helped me grow tremendously and also special thanks to Larysa Caba she has been of tremendous help to me through my journey too.

    • @dominicleong4385
      @dominicleong4385 2 місяці тому

      I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.

    • @leticiaenraz8514
      @leticiaenraz8514 2 місяці тому

      I think she trades for everyone I meet. I met her twice at a meeting in Germany and after her lectures from Ella I had to personally ask her to be my financial advisor. she is definitely good.

    • @bigelbow2966
      @bigelbow2966 2 місяці тому

      I have never seen a trader as open and transparent as Larysa Caba with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.

    • @annddyyy-6920
      @annddyyy-6920 2 місяці тому

      I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.

    • @jasperflontes4289
      @jasperflontes4289 2 місяці тому

      I definitely will like to know more

  • @cynthomsen9133
    @cynthomsen9133 2 місяці тому

    That was a pretty trade. Thank you for sharing and high five.

  • @Jeff_Thomas
    @Jeff_Thomas 2 місяці тому

    Riley, what size account do you recommend for Futures trading?

  • @ballfooturl
    @ballfooturl 2 місяці тому

    Which platform do you suggest for contract trading?

  • @coreyburns7744
    @coreyburns7744 2 місяці тому

    Fantastic Video ❗️👌

  • @fitzanator436
    @fitzanator436 Місяць тому

    Great videos bro

  • @RizziRegis
    @RizziRegis 2 місяці тому

    What is the indicator that you use which tells you how many contacts to trade for a specific dollar amount of risk?

  • @caribbeanpilot4410
    @caribbeanpilot4410 2 місяці тому

    Good presentation 😊

  • @Melbn-di6mi
    @Melbn-di6mi 2 місяці тому +6

    How does this trading stuff work? I'm really interested but I just don't know how it go about it. I heard people really make it huge trading..

    • @Georgina705
      @Georgina705 2 місяці тому

      The first step in every successful trade is to establish your goals and risk tolerance, a task best undertaken with the assistance of a financial advisor with extensive financial market knowledge like Fergus Waylen :

    • @lea5898
      @lea5898 2 місяці тому

      Riding the market wave entails understanding the market volatility, Fergus Waylen has been doing an awesome job reviewing the charts, enabling me to capitalize on the volatility via day trading.

    • @waynes4369
      @waynes4369 2 місяці тому

      I am surprised that this name is being mentioned here, I stumbled upon some of his clients testimonies on CNBC news last week..

    • @KamranKhalil-br6dk
      @KamranKhalil-br6dk 2 місяці тому

      What impresses me most about Fergus Waylen is how well he explains basic concept of winning before actually letting you use his trade signals. This goes a long way to ensure winning trades.

    • @Ricgibs
      @Ricgibs 2 місяці тому

      His technical analysis is excellent and hid interpretation/projections of the market is so accurate I sometimes ask myself if he is human haha. Point is, Waylen is the perfect trader to follow for advise and daily signals.

  • @mrsept16
    @mrsept16 2 місяці тому

    May I know where should I trade? What platform are you using?

  • @sre911
    @sre911 2 місяці тому +1

    Did you use leverage with this trade and with how much money did you start the trade? I'm really trying to get into trading and would love to know more about your strategies.
    Really interesting and simple strategy, thank you!

  • @birboshningthouja7960
    @birboshningthouja7960 Місяць тому +1

    Big thanks to you bro, I am from india,i have been trading for 4 years with no profit but recently after watching your videos for the first time your strategy combined with Fibonacci Retracement i got consistent return of 15% ... Hats off bro for this amazing content, short and precise 👍✌

    • @sanathsk
      @sanathsk 18 днів тому

      Are you trade in the Indian market?

  • @apfelsnutz
    @apfelsnutz 2 місяці тому

    Riley, an excellent video ! I'm sure you are helping thousands of traders find their footing in the market. KUDOS TO YOU, MY fRIEND !

  • @DrFrankPn
    @DrFrankPn 2 місяці тому

    Great video Riley. Which is the link of the music playlist?

  • @marcospinto1146
    @marcospinto1146 2 місяці тому

    Riley Im new, and i would appreciate few you can show some basic how you use several chart at the same time and how you use Ninja trade.

  • @PinoyBio
    @PinoyBio 2 місяці тому +1

    thank you 👍

  • @11_wall_st
    @11_wall_st 2 місяці тому

    what indicatore are you using for candel time in nijatrader?

  • @angelitoivsomera5194
    @angelitoivsomera5194 2 місяці тому

    What is the best time to trade?

  • @djaky8312
    @djaky8312 2 місяці тому

    Your final SL i think was better to put him on half of that big candle, to hit the fvg and after to continue up, that thing with fvg and liquidity is the best way to see how the market react! Great one! ☺️👍💪

  • @abdellah3745
    @abdellah3745 2 місяці тому

    Thanks ❤

  • @yossigavish7835
    @yossigavish7835 2 місяці тому +1

    Great video! I have a question, what do you think about trading on one 4H or 2H candle where I enter and exit the same candle? I ask about this because of the low volatility in such time frames.

  • @georgegg2082
    @georgegg2082 2 місяці тому

    which prop firm you use for futures?

  • @saffyjewels632
    @saffyjewels632 2 місяці тому

    How do you add the timer on your NT chart ?

  • @sebas7ian._764
    @sebas7ian._764 Місяць тому

    For trades like this what type of risk to reward ratio should I use?

  • @ladrondecorazones8432
    @ladrondecorazones8432 2 місяці тому

    Gracias amigo

  • @insinkerator7331
    @insinkerator7331 2 місяці тому

    @riley great video. I have a question..once you make the profit will you trade more for the day or take the money and chill

    • @anzejknez601
      @anzejknez601 2 місяці тому +1

      Bro this is up to you...but if you reach your target better you chill...if no u might lose the trade then u will revenge trade and lose even more

  • @storiesreadaloud5635
    @storiesreadaloud5635 2 місяці тому +1

    6:00 When you take the trade, the stop loss appears automatically?

  • @jonathangutierrez676
    @jonathangutierrez676 2 місяці тому

    Why don’t you use level 2 to confirm trend reversal and get into a trade earlier?

  • @TuahUSD
    @TuahUSD 2 місяці тому

    Hi. I Support you. Tq for good sharing

  • @boriskraft2213
    @boriskraft2213 Місяць тому

    Hi Riley, very good videos! Like them a lot! Can you or anyone explain me how 450 times leverage is possible with a future contract? I thought in future trading leverage is a constant factor. Can I chose the leverage factor in future trading like with knock outs? I know with knock outs one can chose from 5 to 300 or sth like that but with futures I thougth leverage is a constant factor? Greetings from Germany!

  • @Josh11415
    @Josh11415 2 місяці тому

    How do you remove the volume at the bottom of charts

  • @tomc6337
    @tomc6337 2 місяці тому +119

    As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Kerrie Farrell’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings, managed to grow a nest egg of around 127k to a decent 732k. Kudos to the journey ahead!.

    • @tomc6337
      @tomc6337 2 місяці тому

      She is KerrieFarrell in TE L E G R AM....

    • @o0char0o
      @o0char0o 2 місяці тому

      The same high-yield potential exists in both bullish and bearish situations; what matters is how information and technique are used. Not neglecting professional advice..

  • @Pedro-le8dc
    @Pedro-le8dc 2 місяці тому

    Well done Sir 🫡

  • @jisraelg1
    @jisraelg1 2 місяці тому

    This video is gold 👍🏻

  • @dr.zoidberg5568
    @dr.zoidberg5568 2 місяці тому

    what would you tell someone who is been on a terrible losing streak. Ive been letting the emotions get to me. Very bad habbits, bad stratagies and playing p and l rather than strategy. I barely have time to day trade would i be better off swing trading

  • @ibrahimchamata
    @ibrahimchamata 2 місяці тому +1

    This strategy is only valid when the market is ranging on higher time frame ..

  • @unclefatbloke
    @unclefatbloke 2 місяці тому

    @Riley. Thanks for all your videos. I really feel like you explain things so much better than other channels.
    One question: Here you made +$ 2,800. What amount did you put into the trade? And do you use leverage?

    • @thedatabear
      @thedatabear 2 місяці тому

      Riley talks about the futures market a lot. In the futures market, you could put down as little as 0.2%.

  • @KeefusCollard
    @KeefusCollard 2 місяці тому +41

    Hey there, I have been trading for about a few months now and just about every trade slaps me in my face. Nearly impossible for me to catch more than a few points . I try to do top down analysis and MTF analysis, but it doesn't work for me . I say to myself, clearly I'm in the 90% that lose money, so I open a demo account, do my analysis, then take the opposite of what I would normally take(I know, it sounds stupid but I was desperate) and get the same result. I'm starting to feel hopeless, any advice for a struggling trader?

    • @Sarahmalapane
      @Sarahmalapane 2 місяці тому

      Sir Luiz Nunes concept is key in beating all odds to excel in this form of online commodity. His management team is quite impressive so far! With SUK made a profit of over 28,863 dollar

    • @MillieMaldonado704
      @MillieMaldonado704 2 місяці тому

      Honestly, now FOREX is easy for me to understand for the very first time.

    • @Sarahmalapane
      @Sarahmalapane 2 місяці тому +1

      @ TRADERLNUNESJR

    • @Sarahmalapane
      @Sarahmalapane 2 місяці тому

      @ T R A D E R L N U N E S J R

    • @Sarahmalapane
      @Sarahmalapane 2 місяці тому

      He’s on G mail

  • @skeletorusgaming689
    @skeletorusgaming689 2 місяці тому

    I find this concept and strategy easy to understand but man am I finding it difficult to execute. Hopefully with some time I can figure it out 😅

  • @AlbbieTops2024
    @AlbbieTops2024 Місяць тому

    You should make a video on how to identify futures on a platform.

  • @tuansallay9024
    @tuansallay9024 2 місяці тому

    Using chart patterns, I was able to pass my The5ers prop challenge.

  • @nunomcs
    @nunomcs 2 місяці тому

    How much was the spread there? You always put the stop loss touching the wick, instead of a couple of pips below it. But that always depends on the spread. To do it like you do, the spread must be under 1 all the time.

  • @AlanTrades
    @AlanTrades 2 місяці тому

    You only use the 5m to scalp and draw trend lines?

  • @Ed_amah
    @Ed_amah 2 місяці тому +4

    You have made my life better bro😢❤
    I have never been so grateful
    You made trading look so easy for me and I'm able to identify profitable signals easily
    And to even think that I just started following you about 2 days ago makes it more interesting.
    Every beginner trader should be here...
    ❤❤❤From Nigeria

    • @sweetbwoii8938
      @sweetbwoii8938 2 місяці тому

      I'm from Nigeria too bro
      Let's connect.
      Riley's trading strategy is by far the simplest I've seen

  • @RizwanKhan-zp7yh
    @RizwanKhan-zp7yh 2 місяці тому

    Sir I use this strategy on Forex gold par

  • @MrCreative1777
    @MrCreative1777 7 годин тому

    How do you risk 600 ? How many options do you buy ? I trade Robinhood.

  • @chrisedens5795
    @chrisedens5795 2 місяці тому

    Awesome

  • @NeverForev3r
    @NeverForev3r 2 місяці тому

    Thank you bro, simple and effective strategy especially in futures!

  • @Morningstar6524
    @Morningstar6524 8 годин тому

    What app is this?

  • @lozlawn
    @lozlawn 2 місяці тому +1

    It's not support and resistance you should be looking at... Its SUPPLY AND DEMAND. No one cares about Support and Resistance unless they're a newbie.
    And yes. Well done. Taking the advice of only entering the market when the candle has closed. Why? It's the last part of the sentiment that reveals what's going to happen next.

    • @sweetbwoii8938
      @sweetbwoii8938 2 місяці тому

      S&R and supply and demand are basically the same thing

    • @lozlawn
      @lozlawn Місяць тому

      @@sweetbwoii8938 mate you have absolutely no clue what you're talking about. THERE IS NO LIQUITY AT SUPPORT OR RESISTANCE... there is at SUPPLY AND DEMAND. SnR are not reactionary levels, SnD is. SnD is what makes price move, it's the denotation of market sentiment. Seriously man, stop smoking the product.. you're talking to a seasoned advanced market price action law theory expert and advanced Fibonacci law theory specialist of 33-years. seriously, stop talking nonsense.

  • @rubendariogutierrezlazo1457
    @rubendariogutierrezlazo1457 2 місяці тому

    What is the Ny time that work better for your method ?

    • @rubendariogutierrezlazo1457
      @rubendariogutierrezlazo1457 2 місяці тому

      @RILEYYCOLEMAN-T-EL-GRA-M
      The question is about your strategy, there is a specific time of the day in New York ?
      For example 8-9 am 9-11 am etc

  • @navarachi095
    @navarachi095 2 місяці тому

    How did you only risk $600 when I see the options for futures are like $4500 each?

  • @moezzzz9341
    @moezzzz9341 2 місяці тому

    Your a beast bro

    • @moezzzz9341
      @moezzzz9341 2 місяці тому

      @@RileyColeman858 shut the hell up bot

  • @torreshondaguy
    @torreshondaguy 2 місяці тому

    Exactly what im trying to do reversals and supply demad so frustrated after 5 years up down all over not its info overload and cant even take a trade really frustrated and disappointed in my self

  • @kelvinrobinson1538
    @kelvinrobinson1538 2 місяці тому +1

    Your trend line is questionable, as the chart is making lower lows and lower high. Please explain why you are trading long against the trend? Unless you know what happens on the right side of the chart ? Trading in hindsight is so easy, dude. 😅.
    Your entry should have been after 18130 retest, correct? This was a valid break of high and retest, dude ? Then trail 1 below each new green bar.

  • @rogsebnetmagcalas0811
    @rogsebnetmagcalas0811 19 днів тому

    Tried this strategy with 1min TF ,seems working wins 5 straight trade but lost 6 trades laters, possibly due to over trading.

  • @user-ov9kl3rg6o
    @user-ov9kl3rg6o 2 місяці тому

    Hi Riley, your channel is great. Are you interested in cooperating with exchanges?

  • @kerngesundch
    @kerngesundch 2 місяці тому

    i thought you use 1 min chart for trade

  • @JulieAngelina-vm2ed
    @JulieAngelina-vm2ed Місяць тому +1

    Well explained video with different strategies to make money online.

    • @MarcoAlessandra-ns4xh
      @MarcoAlessandra-ns4xh Місяць тому

      From zero to hero I’m grateful to have a genuine person to trade for me.

    • @PatrickJohn-nv6uv
      @PatrickJohn-nv6uv Місяць тому

      As a new beginner you need a professional broker to assist you.

    • @justinodoemena4554
      @justinodoemena4554 Місяць тому

      I need a legit broker for assistance.?

    • @PatrickJohn-nv6uv
      @PatrickJohn-nv6uv Місяць тому

      trading live limited has all it takes to become successful in online marketing.

    • @MikeLorenzo-pk9nb
      @MikeLorenzo-pk9nb Місяць тому

      Oh I heard about them In so many channels here on UA-cam.

  • @Thinker-bs9xe
    @Thinker-bs9xe 2 місяці тому

    All this profit in 90 minutes trading?

  • @ChGh-sg6sz
    @ChGh-sg6sz 2 місяці тому

    Hi

  • @Eric78360
    @Eric78360 2 місяці тому +1

    I need a dumber downed way of figuring this out.

  • @ChGh-sg6sz
    @ChGh-sg6sz 2 місяці тому

    🎉

  • @Trippiecash
    @Trippiecash 2 місяці тому

    Hello

  • @ChGh-sg6sz
    @ChGh-sg6sz 2 місяці тому +1

  • @ayjie6829
    @ayjie6829 Місяць тому

    crazy how you wouldnt take profit at 18140

  • @hedwardharrington864
    @hedwardharrington864 2 місяці тому

    why does everyone make trading so difficult, just put a 2 min HA on your 1 min chart when the 2 min changes trade in that direction on your 1 min chart
    Find a mult HA and use it
    I love indices with futures
    add a 10 min HA as well, and if that turns in your direction, add on

  • @trading.school3444
    @trading.school3444 2 місяці тому

    1 viewr

  • @slow2stroke34
    @slow2stroke34 2 місяці тому +2

    Pure luck gamble

  • @brandinsarazin
    @brandinsarazin 2 місяці тому

    Your so boring bro just say you have to beat smart money lolll they drive the markets

  • @Trippiecash
    @Trippiecash 2 місяці тому

    @rileycoleman I want to connect to your community because I’m always lossing and want lurn your strategy but it won’t want scan my bank card ??

  • @moo-mooha
    @moo-mooha 2 місяці тому

  • @EVERYTHING-ez6kz
    @EVERYTHING-ez6kz 2 місяці тому

    You are tired to found a best entry we dont use footprint ES and get the best entry simply coleman 😅😅😅😅😅