# tactiq.

io free youtube transcript

# I Never Shared This Scalping Trading Strategy Course, Time to Reveal All!
# https://www.youtube.com/watch/b7wRM4u84BY

00:00:00.080 if you are a scalper or a day trader you

00:00:03.120 definitely must try out these
00:00:05.520 strategies the failed new high or low of
00:00:08.880 the day is the first scalping setup that
00:00:11.880 takes advantage of price action and
00:00:14.200 Market structure this strategy aims to
00:00:17.240 catch quick moves when price fails to
00:00:20.039 sustain a break above the previous day's
00:00:22.519 high or below the previous day's low so
00:00:26.320 the core idea is to look for Price
00:00:29.000 attempts to make new highs or lows
00:00:32.360 compared to the previous trading day
00:00:34.960 when these attempts fail it often
00:00:37.079 signals a potential reversal creating a
00:00:40.079 scalping opportunity you see previous
00:00:42.960 day highs and lows are important levels
00:00:46.039 watched by many big Traders these levels
00:00:49.280 often act as significant support and
00:00:51.960 resistance when price approaches these
00:00:54.520 levels it's testing the balance of
00:00:57.120 supply and demand when price breaks up
00:01:00.000 above the previous day's High it implies
00:01:02.600 demand is overcoming Supply if this
00:01:05.438 break quickly fails it shows that Supply
00:01:08.439 is still strong at these levels the
00:01:11.640 opposite is true for breaks below the
00:01:13.720 previous day's low this failure often
00:01:16.840 traps traders who entered on the brake
00:01:20.079 as these Traders exit their positions it
00:01:23.320 adds fuel to the reversal move this is
00:01:26.640 how to trade this setup first identify
00:01:29.479 the previous previous days high and low
00:01:31.880 these are your key reference points then
00:01:34.720 watch price action as it approaches
00:01:37.000 these levels look for signs of
00:01:39.360 hesitation or rejection as price nears
00:01:42.600 the previous day's high or low wait for
00:01:46.040 the break and failure if price breaks
00:01:48.920 the level but quickly reverses this is
00:01:51.920 your potential entry trigger it's best
00:01:54.759 to look for confirmation this could be
00:01:57.399 in the form of a reversal Candlestick
00:01:59.600 pattern turn a shift in momentum or
00:02:02.439 increased volume on the
00:02:04.399 reversal once you have confirmation
00:02:07.240 enter in the direction of the failure
00:02:09.720 for a failed High you would go short for
00:02:12.720 a failed low You' go long this scalping
00:02:16.560 setup works well because it aligns you
00:02:19.400 with the likely intentions of big
00:02:21.599 players this key levels are often where
00:02:24.840 large institutions Place their orders
00:02:27.480 creating liquidity pools when price
00:02:30.480 fails to break these levels it often
00:02:32.959 indicates these big players are
00:02:35.120 defending their
00:02:36.680 positions perfect strategy for beginners
00:02:39.800 as this setup offers a clear mechanical
00:02:42.480 approach to entering trades in this
00:02:45.400 example we've marked the previous day
00:02:48.080 levels as the new trading day begins we
00:02:51.440 see price trending downwards towards the
00:02:54.560 previous low as price approaches it you
00:02:58.239 start paying close attention
00:03:00.680 there's a quick Spike down breaking
00:03:02.879 below the previous day's low however the
00:03:06.239 next candle's immediately reverse
00:03:08.920 closing back above the previous day low
00:03:12.080 this is a failed new low we also notice
00:03:15.319 that the volume on the reversal candles
00:03:17.879 is higher than the previous candles
00:03:20.360 implying strong buying interest this is
00:03:23.280 your confirmation so long trade here
00:03:26.560 just above the high of the reversal
00:03:28.480 candle the stop loss goes below the
00:03:31.080 failed low for your Target you might
00:03:33.959 look at a previous swing High sometimes
00:03:37.360 price will even go to test the previous
00:03:39.879 day's high in this chart we've marked
00:03:43.439 the previous day's levels as the new day
00:03:46.400 starts we see price pushing upwards
00:03:49.599 towards the previous High we see a quick
00:03:52.480 Spike above it but the next candle
00:03:55.159 closes back below it this is our failed
00:03:58.400 new high this this is almost a textbook
00:04:01.159 setup with a pin bar with a large Wick
00:04:04.560 above the previous High short trade just
00:04:08.040 below the low of the pin candle stop
00:04:10.840 loss goes above the failed High one key
00:04:14.280 aspect of this scalping method is
00:04:16.759 understanding the concept of liquidity
00:04:19.199 previous day highs and lows are often
00:04:21.880 areas with lots of stop- losses and
00:04:24.759 limit orders big players in the market
00:04:27.759 may push price into today's area us to
00:04:30.240 hunt these orders creating the failed
00:04:32.880 break we're looking to trade so with
00:04:35.680 this setup you're essentially trying to
00:04:38.160 align yourself with the smart money for
00:04:41.199 more advanced Traders you might consider
00:04:43.840 incorporating additional factors for
00:04:46.639 example you could look at the overall
00:04:48.880 Market structure is the market in a
00:04:51.400 larger uptrend or downtrend failed
00:04:54.840 breaks that align with the larger Trend
00:04:57.520 might have a higher probability of
00:04:59.320 success
00:05:00.759 you could also consider the time of day
00:05:03.280 failed breaks that happen during Major
00:05:05.759 Market opens like London or New York
00:05:09.039 might be more significant due to the
00:05:11.360 increased volume in participation of
00:05:14.160 institutional Traders at these times
00:05:17.870 [Music]
00:05:25.080 [Music]
00:05:40.040 [Music]
00:05:57.840 in
00:05:59.800 [Music]
00:06:18.160 the first major pullback after a market
00:06:20.759 structure shift is another great
00:06:22.919 scalping setup that combines price
00:06:25.360 action and smart money Concepts this
00:06:28.400 strategy aims to cat catch quick moves
00:06:31.120 right after a significant change in
00:06:33.280 Market structure a market structure
00:06:35.919 shift refers to a clear change in the
00:06:38.360 overall trend or direction of the market
00:06:41.919 this usually happens when price breaks a
00:06:44.440 key level like a previous high or low
00:06:48.160 when we see this shift we know big
00:06:50.120 players are likely changing their stance
00:06:52.400 on the market and after a shift we often
00:06:55.319 see a pullback this is when price moves
00:06:58.319 back towards the level just broke smart
00:07:01.199 money often uses these pullbacks to add
00:07:03.599 to their positions before the next big
00:07:06.000 move when price breaks a key level it
00:07:09.199 shows that demand for an upward break or
00:07:12.319 supply for a downward break has overcome
00:07:15.560 the opposite Force at that level but
00:07:18.800 markets rarely move in straight lines
00:07:21.680 after the break some Traders take
00:07:24.039 profits causing a temporary shift in the
00:07:26.840 supply demand balance this creates the
00:07:30.319 pullback however if the structure shift
00:07:33.160 is real and not a false break the supply
00:07:36.479 demand imbalance that caused the break
00:07:39.000 still exists so when price pulls back to
00:07:42.240 the broken level we often see a reaction
00:07:45.599 as the dominant Force buyers in an
00:07:48.280 upward break and sellers in a downward
00:07:51.240 break step in again so this is how to
00:07:55.039 trade this setup first look for a clear
00:07:58.319 break of a previous high or low this is
00:08:01.960 your first clue that smart money might
00:08:04.360 be changing direction after the break
00:08:07.599 don't chase the move instead wait
00:08:10.520 patiently for price to come back to the
00:08:12.759 broken level this is where you'll look
00:08:15.280 to enter as price approaches the broken
00:08:18.240 level watch for signs that the dominant
00:08:20.960 force is stepping in again this could be
00:08:24.080 a strong rejection candle a shift in
00:08:26.759 momentum or a volume Spike if you see
00:08:30.360 confirmation enter in the direction of
00:08:32.919 the break your stop loss should go just
00:08:36.240 beyond the broken level since this is a
00:08:39.120 scalping strategy look to take profits
00:08:42.159 quickly this setup works well because it
00:08:44.920 aligns you with the intentions of big
00:08:47.040 players you're not trying to catch the
00:08:49.320 exact bottom or top but rather jumping
00:08:52.120 on board after smart money has shown its
00:08:55.480 hand this strategy offers a clear
00:08:58.360 mechanical approach to entering trades
00:09:01.160 you are not trying to predict anything
00:09:03.480 just reacting to what the market is
00:09:05.480 showing
00:09:06.440 you in this chart we notice that price
00:09:10.040 has been in a downtrend then we see a
00:09:13.200 strong bullish candle that breaks above
00:09:15.880 the previous swing high this is our
00:09:18.440 Market structure shift after this break
00:09:21.880 price starts to pull back we watch as it
00:09:25.000 approaches the level of the previous
00:09:26.880 High which is now likely to act as
00:09:29.480 support as price gets close to this
00:09:32.240 level we see a longtailed pin bar form
00:09:35.680 showing rejection of lower prices this
00:09:38.680 is our confirmation we enter a long
00:09:41.360 trade just above the high of the pin
00:09:44.720 bar here we notice that price has been
00:09:47.760 in an uptrend but we suddenly see a
00:09:50.640 strong bearish candle that breaks below
00:09:53.360 a significant swing low this is our
00:09:56.240 Market structure shift to the downside
00:09:59.440 price then starts to Rally back towards
00:10:01.800 the broken level as price approaches our
00:10:05.079 value area we notice volume starting to
00:10:08.240 increase this indicates that sellers
00:10:10.959 might be stepping in we also see an
00:10:13.800 inside bar form just below the broken
00:10:16.839 level this often indicates hesitation in
00:10:19.760 the market a short trade can be taken
00:10:22.680 once price breaks below this inside
00:10:26.120 bar also be aware that false break outs
00:10:29.680 can happen sometimes price will break a
00:10:32.560 level pull back but then continue in the
00:10:35.519 original Direction This Is Why waiting
00:10:38.519 for confirmation on the pullback is
00:10:41.320 crucial for advanced Traders this
00:10:44.320 strategy can be combined with other
00:10:46.560 techniques like volume analysis or order
00:10:49.720 flow to increase its effectiveness
00:10:59.440 he
00:11:01.910 [Music]
00:11:49.890 [Music]
00:11:53.519 another scalping setup uses the volume
00:11:56.000 weighted average price as a key
00:11:58.320 reference point in combination with
00:12:00.839 engulfing candle basically this strategy
00:12:04.279 combines price action analysis with the
00:12:06.959 volume weighted line we'll use this
00:12:09.760 indicator as a trading Benchmark that
00:12:12.200 shows the average price a market has
00:12:14.279 traded at based on both volume and price
00:12:18.480 the engulfing candle is the second
00:12:20.480 component a price action pattern where
00:12:23.360 one candle's body completely engulfes
00:12:25.639 the body of the previous candle it's
00:12:28.160 seen as a strong Ral signal especially
00:12:31.040 when it occurs around the
00:12:32.680 mainline the perfect signal looks like
00:12:35.120 this price approaches the volume
00:12:37.360 weighted line an engulfing candle forms
00:12:40.120 at or near this area then price bounces
00:12:43.839 off the main line in the direction
00:12:45.920 indicated by the engulfing
00:12:48.240 candle from a supply and demand
00:12:50.600 perspective here's what's happening the
00:12:53.480 vwap represents the equilibrium price
00:12:56.000 for the day when price is above vwap
00:12:59.360 buyers are in control when price
00:13:02.079 approaches VW up it's entering a Zone
00:13:04.839 where supply and demand are roughly
00:13:06.880 balanced the engulfing candle that forms
00:13:09.720 here represents a sudden shift in this
00:13:12.079 balance a bullish engulfing candle shows
00:13:15.360 demand dominating Supply while a bearish
00:13:18.560 engulfing candle shows Supply overcoming
00:13:21.639 demand the bounce of vwap confirms this
00:13:25.160 shift and implies that a new Supply
00:13:27.680 demand balance is like likely to persist
00:13:30.399 at least for a short
00:13:32.560 while this is how to trade this setup
00:13:36.160 first monitor the vew up on your chart
00:13:39.920 as price nears the line start paying
00:13:42.600 close attention watch for an engulfing
00:13:45.399 candle to form this is your key signal
00:13:49.240 after the engulfing candle forms look
00:13:51.959 for price to move away from vwap in the
00:13:54.920 direction indicated by the engulfing
00:13:57.120 candle once you have confir of the
00:13:59.839 bounce you simply enter in the direction
00:14:02.519 of the engulfing candle place your stop
00:14:05.560 just beyond the opposite side of the
00:14:07.399 engulfing candle you might set your
00:14:10.079 first Target at the next significant
00:14:12.920 level this scalping method works well
00:14:16.160 because it combines multiple high
00:14:18.160 probability factors vwap is a key level
00:14:21.839 watched by many Traders especially
00:14:24.480 institutions engulfing candles are
00:14:27.399 strong reversal signals the bounce
00:14:29.839 confirms the reversal and shows that the
00:14:32.399 new trend has some momentum one key
00:14:35.759 aspect of this strategy is understanding
00:14:38.199 the significance of vwap institutional
00:14:41.360 Traders often use vwap as a benchmark
00:14:44.240 for their trades if they're buying they
00:14:47.040 want to buy below the line if they're
00:14:49.480 selling they want to sell above it this
00:14:52.519 is why vwap often acts as a dynamic
00:14:55.320 support and resistance
00:14:57.360 level in this example example we see
00:15:00.360 price approach the line from below this
00:15:03.680 suggests that sellers have been in
00:15:05.759 control but price is now entering the
00:15:08.519 equilibrium Zone as price touches the
00:15:11.519 main line we see a large bearish candle
00:15:14.839 form this candle completely engulfs the
00:15:17.959 body of the previous candle this is our
00:15:21.279 signal the next candle continues to move
00:15:24.560 downward this confirms the bounce we
00:15:27.800 enter a short trade at the low of the
00:15:30.199 signal candle stop loss goes just below
00:15:33.800 the high of the engulfing candle for the
00:15:36.519 first Target you might look at the
00:15:38.759 previous swing
00:15:40.959 lows another signal again we have our
00:15:44.600 vwap clearly visible we see price
00:15:47.759 approach the line from Above This
00:15:50.279 implies that buyers have been in control
00:15:53.279 but price is now entering the
00:15:55.000 equilibrium Zone as price touches the
00:15:57.959 line with see a large bullish candle
00:16:00.600 form the candle completely engulfes the
00:16:03.480 body of the previous one the next candle
00:16:06.519 continues to move upward this confirms
00:16:09.480 our bounce we enter a Buy trade as the
00:16:13.079 high of the engulfing candle is taken
00:16:16.360 out very important market conditions can
00:16:20.079 affect the effectiveness of your
00:16:22.040 scalping results in very choppy markets
00:16:25.680 price might cross vwap frequently making
00:16:28.920 making it less reliable as a support or
00:16:31.560 resistance level you don't want to see
00:16:34.160 the line being tested in recent
00:16:37.560 candles for more advanced Traders you
00:16:40.720 might consider incorporating additional
00:16:43.319 factors for example volume analysis
00:16:47.000 engulfing candles that form on higher
00:16:49.639 volume might be more
00:16:51.880 significant Market structure also
00:16:54.399 matters is this vwap bounce happening at
00:16:57.920 a significant swing high or low also
00:17:01.800 vwap tends to be more significant during
00:17:04.640 the middle of the trading session early
00:17:07.280 in the day it's still establishing
00:17:09.400 itself and late in the day other factors
00:17:12.760 might become more
00:17:14.839 important another factor to consider is
00:17:17.720 the distance of price from vwap the
00:17:20.880 further price moves from the line the
00:17:23.119 more likely it is to eventually return
00:17:25.199 to it this can help you anticipate
00:17:28.039 potential setup
00:17:30.120 also please note that this scalping
00:17:32.440 setup doesn't always require an exact
00:17:34.919 bounce of the line sometimes price might
00:17:38.280 hover around the line and won't touch it
00:17:41.240 before the engulfing candle forms
00:17:46.230 [Music]
00:18:03.170 [Music]
00:18:20.020 [Music]
00:18:45.120 next scalping setup involves a fair
00:18:47.360 value Gap fill after a breakout this
00:18:50.679 strategy takes advantage of markeet
00:18:53.039 inefficiencies and price action
00:18:55.520 Dynamics fair value gaps are created
00:18:58.559 with within a three candle sequence they
00:19:01.080 are typically seen on charts as a large
00:19:03.440 candle whose neighboring candles upper
00:19:06.080 and lower weeks don't fully overlap the
00:19:08.679 large candle here's how it works price
00:19:12.039 breaks out of a significant level
00:19:14.400 support or resistance during this
00:19:16.880 breakout a fair value Gap forms due to
00:19:20.280 the rapid price movement after the
00:19:22.760 breakout price often retraces to fill
00:19:25.840 the Gap this retracement provides a
00:19:28.720 potential entry point for a trade in the
00:19:31.120 direction of the original
00:19:32.960 breakout from a supply and demand
00:19:35.280 perspective here's what's happening the
00:19:38.080 breakout represents a significant shift
00:19:40.640 in the balance of supply and demand the
00:19:43.440 fair value Gap forms because the price
00:19:46.159 movement is so Swift that normal price
00:19:49.280 Discovery doesn't occur in that area
00:19:51.960 this creates an inefficiency in the
00:19:54.000 market that often gets filled later when
00:19:57.400 price returns to fill Gap it's testing
00:20:00.080 the new Supply demand Balance
00:20:02.440 established by the breakout this retest
00:20:05.600 often provides a high probability entry
00:20:08.240 in the breakout
00:20:09.760 Direction This is how to trade this
00:20:12.280 setup first you identify important
00:20:15.320 levels on your chart these are potential
00:20:18.039 breakout points then watch for breakouts
00:20:21.640 when price breaks a key level with
00:20:24.200 strong momentum pay attention this is
00:20:27.080 the first part of our setup
00:20:29.640 next identify the Gap look for the three
00:20:32.640 candle pattern during the breakout move
00:20:35.640 after the breakout and GAP formation
00:20:38.440 price will often retrace to fill the Gap
00:20:41.919 as price approaches the fair value Gap
00:20:44.480 get ready for a potential trade entry
00:20:46.960 look for signs that price is likely to
00:20:49.159 continue in the breakout Direction after
00:20:51.720 filling the Gap this could be a reversal
00:20:54.640 Candlestick pattern or a bounce off the
00:20:57.120 broken level once you have confirmation
00:21:00.400 enter in the direction of the original
00:21:02.840 breakout this strategy offers a clear
00:21:05.840 systematic approach breakouts often lead
00:21:08.799 to strong trending moves gaps tend to
00:21:11.799 get filled due to the Market's nature to
00:21:14.240 seek fair value and retests of broken
00:21:17.360 levels often provide good entry
00:21:20.200 points in this example we've identified
00:21:23.919 a key resistance level that price has
00:21:26.840 been respecting for the past few few
00:21:28.840 days we see a break above it with a
00:21:31.960 strong candle this three candle sequence
00:21:34.960 has created Our Fair Value Gap after
00:21:38.279 this sequence we see price start to
00:21:40.480 retrace pulling back towards the Gap
00:21:43.480 giving us our potential entry
00:21:45.600 opportunity as price enters the Gap area
00:21:48.840 we see a bullish pin bar form this is
00:21:51.960 the confirmation signal a long trade is
00:21:54.919 the play here just above the pin Bar's
00:21:57.640 High the stop loss is placed just below
00:22:01.200 the original breakout
00:22:03.159 level here's a cell setup we've
00:22:05.919 identified a key support level that
00:22:08.640 price has been bouncing off for the past
00:22:11.240 few hours we see price approach this
00:22:14.159 level and then break below it with a
00:22:16.799 strong candle this three candle sequence
00:22:20.200 has created Our Fair Value Gap as price
00:22:23.880 retraces to fill the Gap we have our
00:22:26.679 potential entry opportunity a bearish
00:22:29.520 engulfing candle this is our
00:22:32.039 confirmation
00:22:33.480 signal the key aspect of this scalping
00:22:36.279 setup is understanding the concept of
00:22:39.000 Market
00:22:39.960 inefficiencies Fair Value gaps are areas
00:22:43.360 where normal price Discovery didn't
00:22:45.520 occur creating a sort of vacuum in the
00:22:48.440 market prices often return to these
00:22:51.240 areas to fill this vacuum which is what
00:22:54.360 creates our trading
00:22:56.320 opportunity for more advanced Trad ERS
00:22:59.039 you might consider adding additional
00:23:01.159 factors one of them is Market structure
00:23:04.720 a breakout that changes the market
00:23:06.799 structure from bearish to bullish or
00:23:09.720 vice versa might be more significant
00:23:12.760 time of day also matters gaps that form
00:23:16.039 during Major Market opens like London or
00:23:19.159 New York might be more significant due
00:23:22.120 to the increased volume another factor
00:23:24.960 to consider the size of the Gap larger
00:23:27.960 gaps might might be more significant and
00:23:30.320 have a higher probability of being
00:23:32.159 filled
00:23:35.870 [Music]
00:23:59.520 [Music]
00:24:20.670 [Music]
00:24:31.840 [Music]
00:24:34.039 another powerful method combines Market
00:24:36.559 structure analysis with Fibonacci
00:24:39.399 retracements this approach aims to catch
00:24:42.120 quick moves by entering trades at Key
00:24:44.760 Fibonacci levels after a significant
00:24:47.399 break of structure a break of structure
00:24:50.279 occurs when price breaks above a
00:24:52.480 previous high in an uptrend or below a
00:24:55.399 previous low in a downtrend it signals a
00:24:58.960 shift in market dynamics and often
00:25:01.520 precedes a strong move in the New
00:25:04.000 Direction once you found a major break
00:25:06.640 of structure you add the Fibonacci
00:25:09.039 retracement on it this tool is used to
00:25:12.200 identify hidden support and resistance
00:25:14.760 levels we are interested in the golden
00:25:17.360 Zone the area between the 61 and 78%
00:25:22.039 levels when a break of structure occurs
00:25:25.080 it shows that either Supply in a
00:25:27.320 downtrend or demand in an uptrend has
00:25:30.640 been overwhelmed the subsequent pullback
00:25:33.440 to the Fibonacci golden zone is a period
00:25:36.520 where the market is Seeking a new
00:25:39.039 equilibrium you are betting that the
00:25:41.120 original imbalance will reassert itself
00:25:43.960 at these key Fibonacci
00:25:46.200 levels this is how to trade this setup
00:25:49.440 first you identify the break of
00:25:51.760 structure watch for price to break above
00:25:54.440 a significant previous high for an
00:25:56.760 uptrend or below a significant previous
00:25:59.840 low for a downtrend once you've
00:26:02.679 identified the break Mark the swing that
00:26:05.440 includes the break of structure from the
00:26:07.919 low to the high in an uptrend or from
00:26:10.600 the high to the low in a
00:26:12.840 downtrend then simply draw the Fibonacci
00:26:16.039 retracement after the break of structure
00:26:18.840 price will often pull back in the golden
00:26:21.480 Zone look for signs that price is ready
00:26:24.080 to resume the trend this could be
00:26:26.399 Candlestick patterns a volume shift or
00:26:29.159 simply price action showing rejection
00:26:31.279 from The
00:26:32.120 Zone once you have your confirmation
00:26:35.080 enter the trade in the direction of the
00:26:37.279 original break place your stop just
00:26:40.360 beyond the opposite side of the golden
00:26:42.440 Zone as for take profits you might set
00:26:45.840 your target at the next key levels in
00:26:48.279 the market
00:26:49.640 structure this scalping method works
00:26:52.120 well because it combines multiple high
00:26:54.919 probability factors the break of
00:26:57.279 structure shows a clear shift in market
00:26:59.880 dynamics Fibonacci levels are widely
00:27:02.640 watched by Traders and often act as
00:27:05.320 support and resistance and the golden
00:27:07.960 zone is considered a high probability
00:27:10.440 reversal area this strategy offers a
00:27:13.679 structured approach to entering trades
00:27:16.320 you are looking for a clear break of
00:27:18.200 structure then waiting for a pullback to
00:27:21.120 a specific Zone before
00:27:23.799 entering in this chart we see price
00:27:26.960 break above a significant previous High
00:27:30.039 signaling a break of structure to the
00:27:32.440 upside we marked the swing from the
00:27:34.919 recent low to the high of the break of
00:27:37.760 structure candle we then draw our
00:27:40.480 Fibonacci retracement on this swing then
00:27:43.840 price pulls back and we see it enter the
00:27:46.440 golden zone now we start looking for
00:27:49.159 entry signals here we see a strong
00:27:52.159 bullish engulfing candle this is our
00:27:54.880 entry
00:27:56.159 signal now we see price braks below a
00:27:59.360 significant previous low signaling a
00:28:02.159 break of structure to the downside we
00:28:04.919 Mark the swing from the recent High to
00:28:07.320 the low of the breakoff structure candle
00:28:10.559 we then draw our Fibonacci retracement
00:28:13.039 on this swing price pulls back and we
00:28:16.320 see it enter the golden zone so we start
00:28:19.159 looking for entry signals this time a
00:28:22.279 candle with a long Wick is rejecting The
00:28:25.880 Zone the length of the break of
00:28:28.159 structure can affect the effectiveness
00:28:30.399 of this strategy you want to see price
00:28:32.840 breaking a previous swing with
00:28:35.480 conviction in very choppy markets false
00:28:38.720 breakouts are more common which can lead
00:28:41.159 to failed setups so keep in mind this
00:28:43.840 aspect before taking any
00:28:46.120 trade for more advanced Traders you
00:28:49.120 might consider add a momentum indicator
00:28:51.840 to find divergences at the value area if
00:28:55.919 the golden Zone aligns with other ke
00:28:58.279 levels it can also increase the
00:29:00.640 probability of a reversal
00:29:05.490 [Music]
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00:29:29.700 [Music]
00:29:38.540 [Music]
00:30:02.700 [Music]
00:30:04.320 now if you want to learn other scalping
00:30:06.600 and day trading tactics you need to
00:30:08.880 watch one of these videos next
00:30:16.670 [Music]