Higher Timeframe Strategy - Simple Entry Model
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- čas přidán 12. 08. 2023
- You need to learn this simple, mechanical entry model I use to capitalise on trades like these every week!!
This GBPUSD trade hit take profit at 3% which is always my target.
All you need are these simple rules for trade directional bias using the 4h timeframe and a repeatable entry model using the 15m!
Since this video was recorded I have had another 3 trades hit 3% take profit on EURUSD shown in this videos thumbnail.
I post free chart analysis in my Telegram - see below for access!
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I'm new to trading (2 months in ) I stumbled across your video on trading nut and dissected it over and over as I really liked the look of the system and now I'm in phase two of a funnded account challenge, I'll be joining your community next month, you guys keep things clean, simple and easy to follow, there's so much value in your short videos if people are willing to extract the information. Great work Scott.
That’s awesome to hear it. Good luck with the challenge and may see you inside evolution markets soon 👍🏼
@@scotttaylorfx100% ill be joining :) is there any other study material you recommend to better understand the concepts of this strategy, I see its very similar to ICT strategies
@@STIGMAfxhow it’s going now ?
YOU ARE A LEGEND ....THANK YOU FOR THE GREAT CONTENT
Appreciate that glad your enjoying the content
Thanks Scott. You are a great teacher.
I appreciate that! Thanks mate
Great one Scott! TY for sharing.
Glad you enjoyed it
Thanks for this video. Clear and educational as always. Would it be possible to make a video comparing FT, NFT and SFT what to do in each scenario?
I think this would be a good video
Hi Scott, I backtested for 1 month and got a 22% return. Thanks a lot for this strategy.
Well done 👏🏼
I Scott, first of all, thanks for the content, I love to see how you play the trades, It’s simply incredible.
I have a little issue, I’m working a 9 to 5 five job and I can’t use my phone during that time, not even to see 15 minute charts. It’s a possible to use this strategy only with 4H chart ?
One more time thanks a lot!
Hi Scott, this is fantastic content! You obviously focus on EU or maybe GU. Have you backtested this strategy with other pairs or maybe someone of your community? You have a clue what other pairs are possible to trade too? Does this work also on indices like Nas or Dow or only on forex? I mean, the principle of liquidity sweep is basically relevant to almost all markets. Thanks for your fantastic video!
Hey Scott you should post atleast 2 video a week I am always bored waiting for your new videos 😂
I'll try! Glad you enjoy my videos 😊
Hi Scott, another great video thanks for sharing :) I'm just backtesting your strategy, one question regarding the rules: If we have a limit order set and we get an inside bar print, does that invalidate the setup and we would need to cancel the order? Or is that rule only if we are waiting to enter and don't yet have a pending order placed?
How clean. Thanks for sharing..
Thanks for watching!
wow cool, thanks for sharing knowlegde
My pleasure
hey scott , thanks for the free content !
can i ask , at the moment , the momentum of the market structure is what lead is to take counter trends ?
i noticed in my backtesting that counter trends somtimes have a lot of failing trades in a row ..
Hi Scott, in your previous videos you went over how you dont recommend taking a trade setup if it takes up most of the range, but in this video the position tool took up most of the range. Does this come down to the backtesting, or is it valid to take a pro trend trade that takes up most of the range?
Simply the best
You know it man! 🤝
Thanks for the video.
Thumbs up from me. 👍
Thank you too!
Was there a valid Sell trade set up in London KZ previous to the NY trade?
thanks for sharing, I will learn it, actually. I'm also still learning in the nfc community
Keep it up ✌🏼
I'm a bit confused by HH and LL in momentum structures. What is the rule for validating a pullback and thus defining high and low? Seems a bit subjective
Hi. Great videos. On this video you have a red zone between premium and discount, but in other videos you don't have it. Why is that? What does it means? Thanks
Reason why I love backtesting is that my results show I can do it all it ends up is with emotions so if you backtest and you have a bad mental day look at yoyr backtesting results and know this is just your wR playing out
in 6:02 the 3rd candle after the NFT candle which closed above the NFT LEVEL just extended the range right ? if that 3rd candle had closed below the the candle which cause NFT and no new fractal had occurred we can consider that NFT into FT right ?
Can you do the same strategy on the H1 and M5? Of course within the kill zones.
Super sir 🎉 thank you ❤❤
Glad you enjoyed the video
How long will you hold a trade? I had a trade that took 2 days. Would you close it at the end of the day or week, and would you continue to place trades through the period you are holding a trade?
What’s the max SL for usdchf that you take?
Can you explain how an inside candle on the 15m affects the H4/M15 trading model? I am having a little trouble understanding that part.
SICK
10:48 is that trade valid cause in some videos you said that if the take profit is taking too much of space it just not make sense to take that trade.
Hey Scott. Not clear what changes for you if you’re incorporating reading structure this way. Can you please show some examples of trades you wouldn’t take using this. Or at least consider lower probability
7:40 hi scott! I have a question about mid range . 50%+-5% is ok…?
Full of nugs 🚀🚀
Hey, what are your fib levels?
What is considered the NY killzone cause I never see any sweeps? 7-9 am right?
Very nice, im watching your videos again and again. to understand the HTF power of two strategy completely. what is the no trade zone in FIbo, is it 50% to 61%. thanks.
This is our no trade area 🤝
5:34 NFT TIP
Amazing sir .
Pleased you enjoyed the video, what new thing did you learn?
Always start range with left side that was amazing word of you sir , we always remember before mark a range :)
Hey does anyone know the indicators Scott is using here? The fractal highs and lows and the session times? Thanks
Look for the indicator Fractals by Rachel_T
Also look for FX Market Sessions by boitoki
Can we trade on news days like nfp, cpi basically on high impact news day on this 3 pair usdchf, eurusd and gbpusd
NFP, FOMC, Core CPI to name a few restricted news events we recommend avoiding
i have a question in your last video you tell us that if TP is getting all H4 range then we are not going to take the trade. In this trade the TP is at H4 high why we take this trade? please answer.
This was a valid trade based on SL sizing and getting TP before the external dealing range
I often get confused on the m15 range, where I don't understand why some fractal highs or lows are ignored while drawing the highs and the lows (what is classified as internal fractal?)
Exactly. @Scott why didn't you took the short on London session (8h15 candle) which liquidated July 24 12h30 fractal high (ok, you may argue the fractal was out of session's). But, then you took the Long using as reference another liquidated fractal also outside or in between London and NY?
The short trade on London met the "rules" for a 3R outcome.
It has to be the Most Recent Fractal. The fractal from July 24th wasn't the most recent, so that's why he didn't take it. And it also has to be in the Kill Zone.
Nice recap ..thanks a lot bro..please can you backtest Q1 of EURUSD 2021…some claim TPOT doesn’t work for that year especially
Yeah I also backtested it but it may be due to Russia Ukraine War
@@talhazulfiqar9596 what was your win rate?
@@oscarstanleyforex what is TPOT
@@oscarstanleyforexaround 30-40%
But I am still improving it because I have done some mistakes on backtesting
What's the Equity range??? It'll be very helpful if you say that inbterms of percentage
My well priced range is 0.45% and 0.55%
Okay brother ❤️
How can I register for the mentiomed free webinar? I can-t find a link or else.
The link is in the video description
What’s the max SL for EU that you take ??
20 pips
Good video Scott! I've watched a few of your recaps and they're always great. Quick question though - I've noticed over the last 5 or so recaps, your session times have been changing. On some, London starts from 8am whereas here it's 7:30am. Similar with NY, sometimes you have it as 1:30 other times 1pm. Any reason for that?
extended session
We extended sessions by 30 minutes ✌🏼
Do you regard wick breaks as break of structure?
2 body candle close
There is more to it than that. A shock break alone is a reversal/liquidity grab
I am confused by your definition of premium vs discount, i was under the impression that i should by in discount and not in premium areas, if i am not mistaken you often say to buy in premium.
with sft you can buy in premium
Yes it depends on the scenario. With Strong Follow Through we utilise high momentum and disregard premium and discounts
The winrate in the month below were not impressive. Help me confirm if I did something wrong
1)Eurusd 2015 December and January
2)August 2018 Eurusd
Have you backtested all the way back to 2015? What do you call “not impressive”? Thx
Wasn't the range kind of small for this trade?
He’s using discretion in this case…it’s not an entirely mechanical system..the system allows for some discretion
A small range doesn’t mean I won’t trade it. It just typically means little to no trading opportunity. However when it is there we take it
there is a text book set up on NY session before the trade you got, why dint you execute trade there?
exacly the 14:00 candle July 24 mon
Appreciate it bro
Thanks
You have to wait new H4 fractal low shown up after touch previost H4 range low,because new H4 fractal low (after July 24 14 :00) did not close below previost H4 range low so it is NFT and could wait for 15m buy setup below discount of H4 range.
❤❤good video sir.....🫡
Thanks
not moving your SL to breakeven at the very least is assanine after being in deep profit. its just a dumb move period no matter how good you are in the technicals you dunno what the market will do you should always secure money when your in profit. just a bit of an amaturish thing in my book
Who wants to connect and backtest this together I’m from the uk?
Photon strategy
Of course! lol
Have not a clue what that is
@@Dante_Roje its sad that these guys dont give credit where its due. They need to sell their courses lol
@@scotttaylorfx sure you dont
@@RicardoT-mx1tp ive been in both and they are completely different.. and photon is just a copy of phantom which i was also in