Scalp Trading $650 in 1 Hour | Live Scalping 007
Вставка
- Опубліковано 9 лют 2020
- 🎓 Trade with me: www.firesidetrading.com/
---
Scalping can be a lucrative trading style if your patient and focused. Check out how Michael executes this strategy. LiveScalping documents my journey trading with a full time job to trading as a full time job. You'll get to see all of my live setups with commentary on my thoughts of the price action trends.
---
DISCLAIMER: These videos are for educational and entertainment purposes only. There are inherent risks associated with investing in securities and other financial instruments. Please carefully consider whether trading is suitable for you given your current circumstances, knowledge, and financial situation.
#DayTrading #FiresideTrading #MichaelChin
Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for.
Success depends on the actions or steps you take to achieve it.
That’s true. If you don't find a means of multiplying money, you will wake up one day to realise that the you thought you had, has finished. Investment is key.
I tried to invest in Bitcoin in the middle of this year, but I didn't because of the huge amount of money I lost trying to trade on my own. Can anyone give me a suggestion of a broker that can help me invest in bitcoin?
@Alberto Ramirez wow I was surprised you mentioned and recommended Mr. Nicholas Marcus, I thought people didn't know him, he's really good at what he does.
5 weeks ago I made a total profit of 3.8 BTC by actively trading their signals as well.
@@alvaritomillan341 haha you really don't have to be surprised, Mr. Nicholas Marcus is really good and everyone loves genuine trading services, He helped me get back what I lost trading on my own.
Someone told me that it's the best time to buy Bitcoin, because there will be a huge pump soon
I saw all this coming I had to switch to Crypto trading and I'm really enjoying the fact I made the right choice because of my weekly earnings
I make good income too from bitcoin trading and its been my most reliable source of income at the moment. With profits I've made so far I don't think i can get broke or lack anything.
How do you do it please?
Because I've tried severally but seems not working
It's very possible because I make $8300 with my little $1300 weekly,
*I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?*
I came here to learn how to trade after listening to this video I'm still confused, I'm a newbie and I'm open to ideas.
@@mikesexton341 The best strategy to use in trading is to trade a professional who understands the market quite well, that way maximum profit is guaranteed. Because I have learned along the way of my investment that research and analysis are important, note that experience is more needed, than luck when it comes to the financial market.
This Bitcoin trading has set sail. I honestly cannot overemphasize how much delving into Bitcoin trading has helped saved and changed the lives of many.
@@Drmarsrellogreg9802 Yeah you're right, most times it amazes me greatly the way I moved fro an average lifestyle to earning over $62k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.
@@alexgreat4288 Wow buddy, that's more than a mouthful of profits you're making. How do you achieve this feat consistently? You must be a genius in trading.
Investing in bitcoin is the best investment anyone can do this, because it has made a lot of people millionaire. I pray that anyone who reads this will be successful in life
Bitcoin is the most profitable investment online if only you trade with a professional broker
I'm really tired of trading on my own and blowing up my account, I'm real interested in trading forex this year because the shape the stock market is take place
This is the great time to purchase and invest in bitcoin, most now that forex market is over all form of investment online
I don't think Buying now is not a bad idea because in forex market as your have a good expert mentor
I'll advice you try expert Mrs Victoria DOWNEY her trading strategies is really working for me cutting losses and ensuring profits
You are basically trading Ms for down moves and Ws for up. Works brilliantly as you use them within trends and consolidation areas. You are the first teacher to really make me money. Good work. Yes, they are at least 95% trades and because they are taken above and below, there is very little jump back from the entries and also you don't get trapped in trades. Fantastick
This is a simulated feed, the live data feed is much faster and volatile. I was doing $1k/day on the simulated data feed, and had a rude awakening when I started my live acct. on another note I learned to trade from this dude so props to him 💯
Thanks for sharing this. It's a very interesting strategy. Love the simplicity too!
I subbed to your account because I like how you break down what you think about and you stick to your plan, your videos are nice and fresh. I wish you the best!
Dude - these videos are phenomenal - thanks for putting them out
Once again, great job man!! Really love your trading style and thoughts behind everything. Love these live videos!! Keep 'em coming bro!
I really appreciate the continued support man, it motivates me to keep producing videos. Drop me a message or email if you ever need help trading!
@@MichaelChin hey man whats the best contact information to msg you? can you email me rcjalipa@gmail.com
By far the best video! Simple and concise. Excellent job Michael!
Watch my videos when you have time. I explain how to trade the 5m opening range breakout . VERY SIMPLE.
Hi Michael thank you so much for these videos. My question is, how do you tell the difference between minor fluctuations in price and a double pull back? Does there have to be a certain amount of movement to be a confirmed double pull back?
would absolutely love to see some real live trading, doesn't have to have commentary but just to see it all happen in real time would be great to see what your mentality is and how you recognise the trends while you are under stress.
Hey Michael, can you use this trigger technique on TOS? I have a Mac and can't download trading ninja
Awesome video man! keep up the live trade series!
Hi Michael, what are the most active trading hours for S&P 500 futures? I am in Chicago central time
his risk to reward is insanely ill advised, and claiming the setup has a 95% win rate is criminal misinformation
He does show his losses.
Scalping have a very bad risk to reward but since they are such small moves it's very likely yo get your TP hit
Not to mention why use stop orders? Why not just enter at market and get a better R/R because he's entering at the high and not inthe middle of a candle.
Do you ever do these live? It would so awesome if you do :). I, for one, would pay to be doing live trades with you!
awesome man, love your breakdown very thorough
Love you vids!
Could you please make a vid on how to find the right e-mini contract, what plattform you use etc?
Thanks!
what is the tool you are using mate to trade? keen to know that order bars that pops up in the chart
Great video thanks Michael please keep this up!
Hi Michael, for the second trade at 4:36 , was it a pure 2-legged pullback trade or did you trade it mainly because of the triple top? If its was a 2 legged pullback. Was the first leg from the green bar's (12th bar from the red signal bar) lowest wick to the red bar (6th from red signal bar) and the second leg is from the following huge green bar to the signal bar and beyond?
hey man been tradking future and just wondering... do you trade after hours if you see good chance to profit
How did you know the point where it was reversing? I just saw a bunch of chop!
Hello Michael,
Thank you for a great series of videos. You are doing a great job of making them detailed enough to be useful and simple enough to be understood.
I do have a question for you though. At around 4:39 in the video you hit a key on your keyboard and the entry moved up 1 point, what was that hotkey?
Any idea pal What trading platform or software is he using , for this fast order execution? It would be great help if you could help. Thanks
Hello Michael its the first time i watch one of your videos.. Amazing job ! May i please ask you about the time frame you used? Was it 1 minute ? And is there a link for some of your candlestick reading techniques ? Like the one you mentioned "2 legged" or something :P
Thanks
Hi there Micheal. Does the platform you use support trading of Canadian stocks?
I get the course from fiver with a good price, it is just amazing
I now earn every week. You’re such a blessing to this generation, we all love you
Hi, you said that when the price is above the blue line you look to sell and below the blue line look to buy, is that right? Isn’t the blue line like an average?
Hello, how did you do in AMT to have 2 limit Orders on chart at the same time?
How do you get those square grids on your screen? I watched your other video on how to set up ThinkorSwim but it removed all grids.
you don't even understand how much you have helped me with learning to trade futures. Your videos are great. I am inspired to be like you one day and consistently make money every morning
Watch markettraderstv on twitch. Your welcome.
Hi Michael, would you mind to share which time frame (1min, 5 min, 15min e.g.) is the best for day trading and scalp trade? Thanks.
What’s the name to type into think or swim in order to pull up the chart and start buying?
Why do you use a 2000 tick chart? And what is the conversion say of a 2000 tick chart into a minute chart?
Hey bro question...whats the max contracts are u allowed to buy/trade at once?
Thank you for the video. How can I learn this?
Can you use this strategy in the middle of the night with the E mini futures?
Im new to all this stuff. Does the kind of technical analysis you do on trading stock the same or can be applied on trading crypto as well?
I trade FX and I have to worry about the spread and commission, does anyone know what percentage the fees are on a 1 point scalp like in this video?
which interface you are using. I want to know how you are putting Stop loss and target in one go.
Thanks for your video, very insightful
Just wondering what country you are in? Your chart says Friday Feb 9th 2020, in America that falls on a Sunday. I was trying to look up the chart for that day. Thanks
How can I set my platform the way you do it?
heyyy bro what you tradin on to set youre stuff like that.... just do sell and buy limits???? orr???
On your actual live recorded trading you say that your risk is 400 and your 1 point gain equals to 150. When I place a trade going through your toutoral here, when I place a trade it seems to be for 8k or 9k depending on where the market is. What’s the fix for this so the risk can be 400?
How do you set up your ATM for the trades. I see that your using limits. Could you break down your limit buy set up for 3 contracts
Very informative. Thank you.
How can you do one order and has 3 orders ? And how can you show it in the chart with the P/L
I can’t stop thinking about the irony and insanity of Elon Musk becoming the richest person in the world why they individual who has spent $20billon.
Another interesting presentation…. Elon Musk technological development is mind-blowing…
@@mohammadmurphy3927 And he currently Invest in Cyptocurrency
No amount of money can certify Elon Musk. I’ll say he needed more that’s why he is investing on Bitcoins. Investing over 1.5 billion dollars.
He invested in Bitcoin because he is aware of the profit he would make
I wanted to trade crypto but got confused with the fluctuations of price.
Michael, I wonder why at the end of every video you would request that people leave any messages they might have if you won't respond to them. So my question is, do you have videos on option trading, if not any recommendation?
what software you are using for live cast. I also want to do that.
Michael, Can you explain the "runner" concept in more detail? How do you execute?
I'll explain the concept to you in options terminology, as that's what I trade.
Suppose you bought 5 contracts for a 470 call on SPY, and you're in the green. You sell 4 contracts and let 1 run (only because you see the price going higher, not because you made profits) and sell that 1 contract when you see momentum slowing down, or you feel like taking profit.
Can you clarify something for me?! Was every trade opened with 3333/3334$ so you were getting up to 10% return? I assume leverage was used, how much?
Nice series, keep it up!
How are you getting the scalps when the trend is going down?
How do you get the 45% angles in yellow on thinkorswim?
Michael chinn, what resources did you use to learn?
Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating..
@micheal dollin Please how can I reach her?
Looking to starting up with $20k
I think I should invest with this expert Nancy
I have heard so much good news about her
What time frame do you usually trade on using this scalping method?
Hey Michael ! What are some of the details in your recent videos. Time frame, ema size or tick chart size. Or is this only shared in your course and community ?
hello what broker do you use and why?
thank you
Hey, what are the yellow lines on the chart? Thanks dude.
Hi Michael. These are highly motivating videos. But there's a lot of things are are quite confusing to me. For instance: are you playing both the down and the upward trends, making money in both directions? I've never seen that done so I'm trying to make sure that's what I'm seeing. Also, this video says Friday Fed 9th 2020 but Feb 9th 2020 was a Sunday. I'm not implying anything I just don't understand. I think it must have been Feb 7th?
Michel, Nice video. Would you mind sharing name platform that you are using. Chart trading looks neat.
this was the video that made me subscribe thought you'd like to know that
Hey. What’s platform are using for trades?
Idk if you’ll see this but how’d you predict it was still bearish? My assumption is that when the trend breaks out from previous high low, it would be a bull run
Hey Michael, great videos. May I ask, in this video how much are you trading to make $150 a scalp?
I'm wondering the same, must be a huuuuuuuuge pile of money to go into the trade with
You need $500 margin for 1 contract so he is using $2000 for the 3 scalps and 1 runner.
Correct! However, He just need to have $2000 in his account to trade 4 contract and he losses $400 each time that's including runner, otherwise he losses $300 because he puts stop 2 points below
Your just amazing with your trade ♥️👍
My question what is your full time job that start at 9am
These videos are great. Can u use these trends for the mini nasdaq 100?
Nice video!! Very engaging from the beginning to the End., I'm new to crypto trade and I have been making huge losses but recently i see a lot of people earning from it. Can someone please tell me what I'm doing wrong
That is true, you need an expert broker and account manager to make good profit from Bitcoin trade.
How can someone know a professional acount manager that is trustworthy when legit once are hard to find this days.
Because my portfolio has been going down the drain while I try trading, I just don't know what I do wrong!
joy
Have a target profile on Bitcoin
Keep investing Keep holding 90% of millionaires right now are investors in the crypto market
Seeking for her watsap
im not understanding the first two legs..... . your telling me that 6 points can be qualified as a leg?? so id have to wait for like 30 minutes on an entry??
All Things Trading never get criticized about a question all free community that never looks down on each other. I personally answer all questions every time.
What tool you use to draw the arrows ?
Great stuff Michael. Can you only do this using TDAmeritrade. Is there a way to be as quick using another broker. I did have an account with TD but they told me my country is not permitted to trade with TD
How much did you put in to make $650? What type of trading was it? F.e. buying assets directly, options, binary options, etc?
is this applicable for binance futures crypto trading 1 minute timeframe? watched more than half of the series already, awesome setup bro!
Hi ya. Great video. What trading website are you using?
What app are u trade does it have spread and commission?
Yes I saw the recommendation!.
I invested with her and I received my profits yesterday evening. Though the profit was not too big because I invested little but I'm planning on reinvesting...
@Frances Olivia Who made profits for you? I'm looking for a professional who can manage my account and make me profits
@@alexanderfrank3712 It's a professional called Mrs Jennifer Robert who was recommended by Queen David last week.
I took the contact she dropped and got in touch with the professional and she said she'll handle my trading tomorrow because she have alot of trading going on already.
@Fredrick Williams Wow. That means this woman is meritorious I'll like to be among those investing with her tomorrow.
@Ronald Luis Sure I'll give it to you but tell her I referred you maybe she might add extra bonus to my profit.
high rate of successful trading comes from logical thinking and using patterns that can easily be repeated and adjusted overtime this makes a trader's trading strategy effective
Adriel developed a trading strategy and also developed a money management strategy to help each of her clients manage their balance after I deposited 2 bitcoin as my investment, I got my returns and my balance only increases
I would love to have her trade for me, very few credible traders out here
here, -|-436703080310 she's an expert trading analyst
If there’s a change in market,Ms Adriel will work tirelessly to improve and manage her clients investments this has helped her maximize her winning streaks
Even though there are a lot of risk involved in trading,the only way to be assured of any profit from initial investment is to use a consult a good and experienced trader.
Thanks. I really appreciate
How and where did you learn to trade like this plz??
Find this scalping technique really interesting. Looking forward to more videos in the series
I'm glad you're enjoying the series Dave! What do you like most about this strategy?
@@MichaelChin I think it suits my trading style - I like the way you are in and out of trades quickly, not trying to make long term predictions. I’ve also spent a lot of time experimenting with indicators and become disillusioned with them. Seeing someone trade purely on price action is refreshing
@@davekelly5724 I totally agree! It's so much easier to handle mentally when the trade takes less than a minute to resolve. I can relate to the indicator part too hahaha. Indicators can make our lives easier, but at the end of the day, price is the source of truth
@@MichaelChin Not expecting a reply (if you're being sued, good time to bring down your videos before YT goes after ya too.) but ... You appear to be 100% margin trading, IE, putting sell orders in for chips you don't hold. I didn't know that was possible due to PDT restrictions. I'd love to see a vid which describes your setup for DT without being a DT or getting patterned and shut down. Also, would love to see a Trading Ninja to TOS (so us linux users get some love) video for the setup.
fshalor no PDT for futures trading.
Hello Michael is there any to know that you teach how to get in & get out in E mini trading? Love know if I can get in touch with you. Thanks Be safe
hi Michael are you using hot keys can you go over how they are set?
Money is the issue everyone has to live a better and luxurious life.
Yes I agree with you.
Is about freedom, not luxurious life.
I like your trading. Can you show us how you trade off 1 min chart instead of tick chart? I wonder why you don't go full time?
Awesome style! Can you tell me how you get that P&L window showing under your Image? I assume this in Ninja platform. Is it a script ? Thanks!
You're a genius honestly
Can you explain how you have that order template setup and how you are using it
I have my full char trader setup explained here in this video: ua-cam.com/video/GmTxWxhiC2c/v-deo.html
What leverage are you using? How much Capital are you putting up?
What exchange are you using?
What was the lot size?
What is ur time frame for scalping?
what type of job do you go too?
Wow,,, this really opens my eys,, traded stock options before but this type of trading can be really fun,, I might do some papper trading on this to see if I am right for it,,, thanks for the video!!!
bro, thanks for that showcase... which broker do you trade with...
Wich is the best broker for scalping?