The Scalping Strategy Used By Funded Traders (PRICE ACTION)

this is one of the best sculpting strategies that you can use without any indicators we are only going to be using pure price action and market structure so in this video i'm going to be breaking this entire scalping strategy down from the beginning till the end so please please please do not skip through anything if you want to master this strategy so for this scouting strategy i'm gonna be using the five minute timeframe to enter the trade so the first thing before you do anything is that you want to identify the trend direction so what i'll do is to go to the one hour time frame to find out like what's the momentum of the market to find out like the overall trend direction is the market going up or is it going down or is it going sideways and guys make sure that you are just focusing on what price is doing right now you do not want to be looking at price all the way up here because it's irrelevant you know i mean like it's irrelevant like because we are scalping we are only going to be using a five minute time frame to look for our entry there is absolutely no point of like going all the way back to 2008 to look at what price is doing you know just focus on what price is doing right now which is right here right now you can clearly see that price is in the downtrend because price has been making your lower highs and lower lows and low highs and lower lows you can see that price has just been going down and then now you just made this major retracement and that's the first sign right that's the first line they tell us that price is in the downtrend the second sign is that if you zoom in right here you can see that price has just break through the last higher low which is right here so this is a break of structure remember market structure guys i've already done a video on market structure so if you have not watched that video go watch that video next after you finish this video so right now since the market has just broke the previous higher low i'm expecting price to come back up to re-test this level and then shoot back down just like this so right now i'm gonna enter to the five minute time frame to look for my entries so right now all you need to do is to wait for price to come back up to retest this level and then enter for the trade so basically you want to go to the one hour time frame to identify your trend direction it's priced in an uptrend or downtrend or consolidation and you also want to look out to see if price has broken structure if price break any previous lows or previous highs or any pullbacks and another secret for you is that you want to focus on what price is doing right now rather than what price is doing all the way back here because that is irrelevance so after you have found your thread direction on the one hour time frame go to the five minute time frame to look for price to break structure here's what i mean so the next step is to look for break off structure so after you went down to the five minute time frame you want to be looking for any break of previous highs or previous lows or any pullbacks so in this case what you can do is to take out your trend line two or line two or whatever and then mark up your recent low so this is your recent low this is the last higher low that we have identified on the one hour time frame and then right here is your recent height because this is the highest point price went to recently the reason why i marked up this level as the previous higher low is because if you look towards the left you can see that price has just been creating your higher highs higher lows higher highs and higher lows before price go up to create your new higher high and you can see right now this is the most recent higher low this is the last higher low so right now what you want to do is to wait for price to break through the previous higher low and then come back up to retest it and then go back down and then that is when you enter for or sell or if you want to enter for a buy you have to wait for price to break the previous high which is this high right here come back down to re-test it and then go back up then this is when you enter for a buy so right now these are the two scenarios that can happen price can either break past this high and go back up in that case you want to wait for price to pull back and then enter for a buy or price breakthrough the last higher low coming up to retest this level and then go back down that is when you enter for sell so you sell here or you buy here those are the two choices that you have so right now we want to see what price does snakes does price break through the high or break through the low so we still wait and you can see right now price just broke through the last higher low so do we enter right here hell no because we want to wait for price to pull back to this level and then give us a confirmation for us to enter for the trade and then that confirmation will show us that this is actually a valid downtrend and price is going to hit back down and then right here you can see like price is starting to pull back up to this higher low so after price has pulled back you want to wait for confirmation so before you enter for the trade if you are looking to sell you want to look for long upper wick candles or bearish engulfing candlesticks and if you are entering for a buy you want to look for long lower weak candles or bullish engulfing candlesticks so this momentum candlesticks will show you that price is rejecting this key level and it's going to continue with the overall trend direction so in this case price has not gave us the momentum candlestick yet you just pull back to this higher low so we still weight and you can see right here this is when price gave us a bearish engulfing candlestick which show us that price is rejecting this key level so i'll just enter for or sell right here place my stop loss above this bearish engulfing candlestick right here and for our take profit you want to place it at two times your stop loss so you literally just drag your take profit until you see two right here so you drag it drag and drag it and right here you can see two right here so this is our take profit so this is the one is two risk to drop ratio so if you are risking 100 if you win this trade you're going to be making 200 so let's take a look at how this trade play out and you can see right here right here price went down and smashed our take profit right here boys so after you have smashed or take profit just continue doing the exact same thing just take out your trend line 2 or your line 2 and just mark the previous lows and highs so right now price has not given us any valid highs and lows yet so we still do not do anything so if you go to the one hour time frame you can see that price is going to be approaching the low right here this is the very strong support area right here you can see whenever price come back down here it always bounces back up come back down bounce back up three times so now we are expecting price to come back all the way down to this support area that we have drawn right here and we can just delete this because we have closed this trade and you can delete this line right here because it's irrelevant and right now we are just looking at price in this range right here so right now i'm waiting for price to come back down to this area to show me some sort of confirmation to see what price is gonna do next so we still wait wait wait and you can see right here price has went back all the way down to this area right here and you can see it just starts consolidating at this area so in this example i'll go to the five-minute timeframe to see like any break of structure or anything so once you go to the five-minute timeframe you can see that price has just broke the key level that we have drawn our on our one hour time frame and just came back up here so in this case what it can do is that you can draw another higher low right here you can mark up this high right here and you can see price has just broken the last high the previous high and then come back down to re-test it right so the moment it come back down to re-test this area we are waiting for some sort of confirmation for us to enter for the trade and as you can see in this case prices gave us multiple long low weak candles right here you can see multiple long lower weak candles and it gave us a bullish engulfing candlestick right here which show us that price is going to reverse and it's gonna head back up so i will enter for a buy right here when i see this bullish engulfing candlestick place my stop-loss below it and then place my take profit at two times my stop-loss which is all the way up here two times my stop-loss and let's look at all this straight play out absolutely smash your take profit this is our second win in the back baby and by the way guys this sculpting strategy works on gold us 30 crypto or whatever they trade this strategy works because this strategy is based on the concept of market structure and market structure is why the market moved the way it moved right the market moves in ways both in market structure the price has to respect market structure so let me show you this strategy on gold so you can see right now price has just been creating your downtrend and then at this point of time right here price has just broke structure because this is the last lower high so you can pretty much just see that price has just been making your lower highs lower lows lower highs lower lows lower highs and lower lows so this is the last lower height so yeah at this point of time price has shown us that price might be breaking structure and price might be reversing to become an uptrend right now so in this case what i want to do is to go to the five minute timeframe and mark my recent lows and highs like all the way up here there's a reason high here break through the recent high and then you can just like just look at what price is doing recently and you can see there's another high right here and price just broke through another another high and another high right here so we can pretty much just see that price has just been making higher highs and higher lows on a five minute time frame so at this point of time let's just look at what price does we can draw like a little uh higher low right here this is the last higher low so we just wait see okay we wait for it wait for it so this is where price has just broke the last higher low so we are waiting for price to pull back up to this last higher low and then enter for the trade so we still wait and see you can see right here price has just been going down and you can see at this point price is giving us a long week candace remember we want to end up for ourselves when we see long upper weight candace at the pullback so this is where we can enter for a cell position right here place my stop loss above this long upper wick candle and place my take profit at two times my stop loss which is all the way down here so you can just see like let's look at what price does thing and price went down to smash your take profit at this part of time what you can do once again is to just remove all these lines right here and right now mark your new higher lows which is i mean new lower highs and lower lows this is the new lower low so we are waiting for price to pull back up to this area and then enter for ourselves so we still wait okay so you can see at this point of time this is when price pull back all the way up to this level but it does not give us a bearish engulfing candlestick or long upper wick candle yet so we still wait i can see right here right here still no still no right here wait wait for it wait for it right here guys this is when price gave us like a bearish engulfing candlestick actually no this is not really a nice kind of stick so let's do it yeah so you can see probably just been like consolidating around this area here just been just consolidating around this area here let's just speed this up a little bit and you can see right here just consolidating so at this point this is when you can enter for sell position right here place your stop loss above this long week candle place your take profit at two times your stop loss which is right here and look at what price does next okay you can see like price is just going down going down create retrace a little bit and then you can see price went back down and smash our take profit right here guys right here we have smashed our take profit and we have gotten out of the trade this was more of an intraday trade instead of a scalping trade and honestly a nicer entry would be if you enter for sale right here when you see this bearish engulfing candlestick right here and then place your stop-loss above it place a take profit two times your stop-loss which is like somewhere right around here and at this point of time you have just got out of this trade right here so this will be a nicer trade so this entire strategy is based on the concept of market structure which you must muster if you want to become a successful trader so if you want to learn more about market structure you can check out this video right here which i did like a full length tutorial on how to use market structure to your advantage how to trade market structure so click on this video right here to find out more smash the like button if this video is helpful and click on that subscribe button and remember you're just one trade away