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  • One Minute Cable Scalper Ebook

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    Greg McLeod
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    This document provides information about a trading strategy course that teaches how to scalp the 1-minute cable using divergence patterns at the London open. The strategy focuses on asymmetric reward to risk ratios and managing minimal risk on each trade. Students will learn to identify bank and institutional activity by watching for divergence patterns on the 1-minute chart accompanied by appropriate reversal candlesticks forming at support/resistance levels including trend line breaks and pivots. The checklist reviews the confirmation criteria for entering trades and recommendations are given for optimal trade management.

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    One Minute Cable Scalper eBook - Copy

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    This document provides information about a trading strategy course that teaches how to scalp the 1-minute cable using divergence patterns at the London open. The strategy focuses on asymmetric reward to risk ratios and managing minimal risk on each trade. Students will learn to identify bank and institutional activity by watching for divergence patterns on the 1-minute chart accompanied by appropriate reversal candlesticks forming at support/resistance levels including trend line breaks and pivots. The checklist reviews the confirmation criteria for entering trades and recommendations are given for optimal trade management.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    15 views4 pages

    One Minute Cable Scalper Ebook

    Uploaded by

    Greg McLeod
    This document provides information about a trading strategy course that teaches how to scalp the 1-minute cable using divergence patterns at the London open. The strategy focuses on asymmetric reward to risk ratios and managing minimal risk on each trade. Students will learn to identify bank and institutional activity by watching for divergence patterns on the 1-minute chart accompanied by appropriate reversal candlesticks forming at support/resistance levels including trend line breaks and pivots. The checklist reviews the confirmation criteria for entering trades and recommendations are given for optimal trade management.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    ELITE TRADERS UNIVERSITY

    EXTREME PIPPING
    STRATEGIES

    ONE MINUTE CABLE SCALPER(TM)

    COURSE 2
    Michael Jacobsen
    A POWERFUL STRATEGY…..
    ….which will take you from being a trading This strategy will focus on extreme
    statistic to a consistently successful asymmetric reward to risk which is the holy
    trader! Learn to trade with the banks and grail for any trader, as well as effectively
    financial institutions, by identifying their managing that minimal risk for each trade.
    activity and riding the same money train.

    FIRST STEP
    WATCH INTRO VIDEO

    STRATEGY 2/VIDEO 1- 1M DIVERGENCE STRATEGY AT LONDON OPEN


    Trade is only entered after session changeover (typically 2 or 3 hours before
    London open)
    01 or break and close
    Entry is made on correct candle as per video
    above/below TL.
    Stop 3 pips below/above divergence pattern.
    Take profit at +10 pips or next resistance/support…..Leave one lot for +50 or
    high of day. 02
    ENTRY

    REVERSAL CANDLE EXAMPLE. TREND-LINE BREAK EXAMPLE

    The bonus on this trade is the pattern The Bonus on this trade is price
    completes at a pivot and bankers rejection from the 200MA.
    level.
    CHECKLIST
    - Pattern has formed after session break.
    - MACD is diverging with price on 1m
    chart and crossover is complete.
    - Appropriate reversal candle has
    formed/TL is broken and close above/below

    BONUS
    - Pattern is at Moving average/bankers level/ pivot/previous support or resistance
    - Pattern works out best an hour before london open until 3 hours after.
    - The steeper the MACD the divergence the more explosive the reversal will be.

    Options:
    It is prudent with all trades to move your last existing stop after first ⅔’s taken to
    break-even as soon as possible.

    Let your profits run as far as possible based on larger market


    structure.

    Be patient and correctly identify which pattern is setting up on


    the day.

    Make sure you do not enter the trade late as it will cost
    you pips. Keep entry optimal.

    Enter as soon as possible at market on the TL break or close of


    appropriate reversal candle.

    GOOD LUCK…..
    ….on your trading journey as you learn to
    trade with consistency, patience and SOLUTIONS
    discipline, keeping your risk small and
    03 Design collaboration solution
    making the most precise and rewarding
    trades possible!!

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