5-Minute Scalping Strategy (Sniper Entries)

[00:00] So, I've been doing this overnight range breakout  strategy starting in London session and a lot of   people have questions or want like better entries.  So, what I'm going to do is I'm going to give you   a strategy. I'm going to give you set rules that  you need to follow the indicator that you need to  

[00:13] use and how many times this has played out in the  last 30 days. All right. So, the indicator that   you're going to want to use is called Happy Trail.  It's a paid indicator. You can get access to it by   clicking the first link in the description or just  go to trdfloor.com. Now, if you look at the chart,  

[00:26] I'm at GMT+1 or UTC+1. That is my time zone. So  basically from my time 1000 p.m. until my time   9:00 a.m. is what I deem the overnight session  when New York session is over and London session  

[00:38] starts. That whole range I put a block around it.  All I do is just make my rectangle tool and draw   it around the highs and lows and the width of  that range. Now to make this visually simple,   there's a free indicator called simple sessions  by TTF. Just add that to your charts and then  

[00:53] unselect all of the sessions and make your own  userdefined custom session. I have the time zone   set for my time zone and I have it from 9:00  a.m. till 10 p.m. That creates this red block,   which leaves this black one, which is my overnight  range. And basically, what I'm looking for is the  

[01:07] first happy trail signal, either buy or  sell. If it breaks out below the range,   we sell. If it breaks out above the range, we  buy. All I'm looking for is if price breaks   out below this range, I'm looking for the first  sell signal from Happy Trail. And I enter that.  

[01:23] And I'm shooting for a 1:2 risk-to-reward ratio.  This type of setup requires lots of momentum and   does not happen every day. Over the last 30 days,  it's only happened four times, but every single   one of those four times, it's played out.  So, if you get a 1 to2 risk-to-reward and  

[01:37] you make 2% profit on every trade four times in a  month, you're up 8%. I'd be happy with that. Now,   I have not back tested this for the entire year.  That is my caveat. This type of buyell indication   after that breakout range is what's working for  the last 30 days. So, this example right here,  

[01:53] we have our overnight range. Price broke out to  the upside. We have a happy trail buy signal. 1   to2 riskto-reward. We have our overnight range.  We broke out to the downside. We ignore the buys   because we broke out below. We enter in on the  sell signal. 1 to2 risk-to-reward. Winning trade.  

[02:09] Then you basically went two weeks without a trade  entry, which is fine because you're making money.   Overnight range broke out to the sell side. Ignore  the buy signals again. Enter in on the happy trail   sell signal. One to two risk-to-reward 2% profit.  And the last one that happened, overnight range,  

[02:25] broke out to the sell side, happy trail  signal, stop-loss, 2% take profit. Now,   the settings for the happy trail, there are four  different cases. I used case 4. That's it. If you   If you want this indicator, go to trdfloor.com.  If not, just watch the rest of my videos. I talk  

[02:43] about awesome breakout strategies and scalping  and Fibonacci retracements. Have a good day.