---
title: 'This One Candle Can Change Your Life'
source: 'https://youtube.com/watch?v=fGZId6WmCns'
video_id: 'fGZId6WmCns'
date: 2026-08-19
duration_sec: 386
channel: 'TradingLab'
---

# This One Candle Can Change Your Life

> Source: [This One Candle Can Change Your Life](https://youtube.com/watch?v=fGZId6WmCns)

## Summary

This video presents a simple trading strategy based on a single daily candle, where the trader marks the open and close, waits for price to retrace to a fair value gap, and enters with a stop loss below the recent low and take profit at the market close.

### Key Points

- **The One Candle Strategy** [00:00] — The video claims that a single candle can completely change your life, introducing a trading method centered on one daily candle.
- **Bullish vs. Bearish Bias** [01:04] — The strategy requires determining overall market bias: if bullish, buy below the market open; if bearish, sell above the market open.
- **Marking the Daily Candle** [04:07] — Go to the daily timeframe, identify the candle, and mark its open and close. Then switch to a smaller timeframe for entry precision.
- **Entry Conditions** [04:21] — In a bullish scenario, only enter if price goes beneath the daily candle's open (green line). Wait for a break of structure and a fair value gap (FVG).
- **Entry, Take Profit, and Stop Loss** [05:15] — Enter when price retraces to the FVG. Set take profit at the market close and stop loss below the recent low.

### Conclusion

The strategy is straightforward: use a daily candle's open and close as key levels, wait for a retracement to a fair value gap, and manage risk with a stop loss and take profit. It emphasizes patience and following the bias.

## Transcript

This one candle can completely change your life.  
This is how you do it. If you are overall bullish,  
you want to buy below the market open. If you are overall bearish, you want to  
Go to the daily time frame. In this example,   we are overall bullish with this candle. Go to the candle and mark the   open and close of the candle. Next, go to a smaller timeframe.  
This green line marks the daily candle s open.  This red line marks the daily candle s close.   Since we have overall bullish price  movement, we will only enter if price  
goes beneath this green line. We want some type of sell side   Next, we want price to show some  sort of respect, by making a break  
of structure. Like this. Check. Usually when doing this,   price will create a fair value gap. Check. Wait for price to retrace back to this fvg.  
Enter here. Set your take profit at the market close.  
Set your stop loss below the recent low. And just like that you got a winning trade.