Transcription
You need one candle every day and literally nothing else. And I know that this sounds too easy, but after 9 years of over complicating trading, easy is the only thing that's made me rich.
Everyone's looking for a complicated secret. And the secret is there is no secret.
At 9:30 a.m. Eastern Standard Time, I just mark out the high and the low of the first 5-minute candle. And those are the only levels that I need to trade all day long. And after that, I'm just going to drop to the one minute chart and wait.
What I'm waiting for is a fair value gap through one of these levels. Now, if you didn't know already, a fair value gap is just a three candle pattern where the middle candle moves with such explosive force that it leaves a gap between the first and the third candle's wick. And this tells me who is in control, whether it's buyers or sellers.
And once I see this gap, I just enter on the next candle. My stop goes at the first candle that closed outside the range.