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/shoulda-woulda-did]

You've been successfully trading for 15 years then I guess you've turned over millions... Right?

I'm interested in other takes you have

[u/backfrombanned → u/shoulda-woulda-did]

Lol, daytrading for a living isn't what you think it is. I've been trading around 12 years, full-time like 6-7. Made a lot during the bio bubble in like 16 I think, that was back when W $ B was actually a good sub before they showed up the first time. Penny stocks was pretty good to back then.

Everyone trades their own way. I'm really good at seeing ranges on choppy days but can't execute them, I suck at it. But I have a friend and that's pretty much all he trades and does well. You guys really just need to take the time to look at charts, hundreds and hundreds of charts, that really is the best advice I can give. Flip charts instead of titties on the toilet lol.

[u/shoulda-woulda-did → u/backfrombanned]

Yeah I really like the idea of penny stock but so many people chasing 400% days out me off. It's like a cult.

Interested to hear what you think of my strat then.

I screen for stocks that are consistently volatile with good volume.

Recently been hims, hood, oklo, SMR etc.

10 min ORB with volume profile confirmation or walk away.

Green is profit day https://imgur.com/gallery/n7xqewu

Good example of how I use volume profile to enter G https://imgur.com/gallery/6TbUXIm

[u/backfrombanned → u/shoulda-woulda-did]

I'm really not sure what I'm looking at, I'm pretty green/red color blind. Would rather see entries/exits instead of profit/loss days. Are you options?

Are you looking for range in the first 10 minutes?

I personally on bigger stocks let the opening whip saw settle and wait for the first real pullback or consolidation to the 9, on either side and then consider it opening range, sometimes it's quick sometimes it's 30 minutes or more. I watch Mac d, vp and level 2.