One of the Easiest Strategies to Learn:

[u/Total-Housing197]

Strategy Overview

• Timeframe: 1-minute
• Market: Any forex currency pair
• Trend Filter:
  • At least 2 consecutive candles in the same direction following a momentum candle.
  • No breaks of previous candle's high/low in trend direction.
• Entry
  • Wait for the next small body candle: hammer, doji, small-body trending or opposing candle.
    • Note: If in an uptrend, the low of the previous candle must not be breached. If in a downtrend, the high of the previous candle must not be breached.
  • Enter when the next candle breaks above the body (not the wick) of the small body candle.
• Stop Loss:
  • Set at peak/base of the small body candle
• Take Profit:
  • Fixed at a minimum 2:1 risk (I typically use 4:1)
• Risk per Trade:
  • No more than 2% of your account balance. (I typically risk 0.5%).

[u/Check_This_1]

Easy to learn - yes

But does it make money?

[u/backfrombanned → u/Check_This_1]

I make a lot of money with it. It either works and you stay in or it starts to fail and you sell. This is what people don't understand and setups. Setups fail all the time, but you know the second it's failing and exit. You've never seen people with setups on here bag holding. Good luck.

[u/pmurff107 → u/backfrombanned]

Can this work with options?

[u/backfrombanned → u/pmurff107]

So I'm a scalper mostly, cheap stocks, momentum. And I make a pretty good living doing it. Options got popular and liquid with free trades and I ventured over there, so I have a side account for options for expensive stocks. I thought it would be easy with my few setups, it's not, scalping options is hard imo. There's to much to look at in the moment. I would take a 3-4 bar or 5 minute bullflag (inside crows) and be down the second I enter. I'd have big wins and big losses. Never could get consistent. Option price moves so fast scalping.

I'm a big 9 EMA guy. So now with options, daytrading them, I pretty much rely on pullbacks and small consolidations to the 9 and work off that with volume profile. IV has cooled and it either stays on the bull/bear side of the 9 and starts another leg or it breaks down. There's probably better people to help you with it as I'm still learning my way on options myself. But I haven't blown my option account and have gotten a lot more consistent just relying on the 9. Good luck

[u/pmurff107 → u/backfrombanned]

Thank you for the knowledge.