How to Find High-Precision Entries on the Mini Index

[00:11] excellent entry points when day trading on the 4-minute chart of the mini-index. In step-by-step how to configure your chart and prepare your entries using Profit's native features, which will give you

[00:26] excellent performance in your trades. Welcome to our not already subscribed, I invite you to subscribe. From now on, I'm going to share my entire screen with you and give you step-by-step instructions on how to

[00:39] prepare the tools. Come with me to my screen and I'll explain operating model works. We'll initially need to set our initially need to set our chart to the 4-minute

[00:52] mini-index timeframe and insert three moving averages that will greatly assist right-click in the middle of the chart, insert indicator, select the moving average option, click, and we're going to insert the

[01:08] first moving average here, a five-period moving average. Let's insert a second moving average, also of five periods, and another moving average of 50 periods. Give it an OK. We have the moving averages here.

[01:24] First moving average here, the one that's passing through the candles. Let's double-click on it. CCO period, arithmetic type, and values. We're going to ask it to be a moving average based on the high of the candle.

[01:41] And in terms of appearance, we're going to apply a blue color, thickness two, The other moving average is this one below here, we're going to double-click on it.

[01:56] Her settings will be five arithmetic functions, and in the value, we will set it to the minimum. And in terms of appearance, we're going to leave it green. Click. And the third moving average, the one at the top, is the moving average with the longest period, which is the

[02:11] the moving average with the longest period, which is the 50-period moving average. Keep the arithmetic value at 50, and it will remain at the closing value. In terms of appearance, we're going to closing value. In terms of appearance, we're going to leave it in fuchsia color,

[02:29] also insert an indicator. Right-click, insert indicator. Let's Right-click, insert indicator. Let's enter the IFR RSI in the window below. Give it an OK. And he's already here. We're going to need to do a little configuration

[02:44] right side. Let's click here on the price scale properties. In the fixed grid, we will remove the two pieces of information that are there. Let's include the value 50. Here on the side, we'll put the

[03:00] Here on the side, we'll put the thickness as two in white and click OK. From now on, I have my RSI indicator set to 50. Basically, the

[03:16] rules will be as follows: we will work with corrective movements in these two blue and green averages, which are essentially functioning as a channel. Now it's important to remember that this model will favor you in

[03:31] always trading with the trend. So always look at the averages. An average of 50 we're in a downtrend, an uptrend, when it's So, always catch it when it 's at a diagonal, which will show us

[03:47] what the current trend is. Whenever I'm working below that level, I'll be working below that level, I'll be looking for sell opportunities. When the price is trading above that level, I will look to buy. I will

[03:59] always work with trends, especially when they are further away from this long-term average. And then I'll have movements that will address the following area. Whenever I see a trend and a candle touches the blue moving average, which is

[04:16] based on the high, and there's a touch in this region, and a rejection with confirmation, I will place a trade. What is a rejection with confirmation? Since I have this candle touching,

[04:30] this candle rejecting, and from there I will have a trade when I look at the low of this candle and the close of the next candle. So the closing price of next candle. So the closing price of this next candle here was below the

[04:43] low of the candle that rejected up there . So, I have this movement here. From then on, I will understand that I have an operation. Having observed this movement, I will place a sell order at the close of candle 31. My stop loss

[04:59] close of candle 31. My stop loss will be at the high of the movement, and my projected target will be the same size downwards as the risk . In this case, he made the entrance and came towards the target down here. From there, how am I going to operate

[05:11] again? I need to have that same movement again. So I'm going to movement again. So I'm going to wait for the trend to continue and I'm going to wait for a new wave of rejection. What happens here at this

[05:23] point, looking again, is that a touch was made on the blue median. The candle closed at this point. The next candle closed below the low of the candle

[05:36] a closing statement below. So I have a sell order right at the close of the 47. The stop loss is at the high of the movement, and I see that in this sequence it comes and

[05:49] hits my target down here. Here's another move. Look, he went there, corrected it, made that adjustment, and I have to wait for a close below the low. Notice that I don't have that in these candles here. Let me zoom in a little more. I do

[06:02] closing below. So, for example, it's playing here. If I have a close, if the next candle closes below 54, then I have an entry point. I have this I have an entry point. I have this entry here. It closed below that, so I'll place

[06:15] my stop loss just above it. Of course, it 's also important for you to monitor your risk management. Ah, a trade here that will have a risk of 400 points, 300 points is within your risk management. If it's not there, forget about it,

[06:27] wait for the next move. Of course, it all comes down to management. Another observation that I didn't make here with you all, I apologize, is that in all of them, the RSI is below average, right? If the RSI is below average, we have options for

[06:41] all of them. Hey, let's expand our movement. And here, especially, look, it's pointing downwards, it's still in a movement that favors my trade. Oh, the entrance is happening. Another thing to consider, I opened

[06:55] my trade, made a move, it almost hit my target here, so I already need to think about protection. It came close to my target, I have more than one contract, two, three, make a partial payment, hold the rest. Don't let a trade that

[07:10] almost reached its target come back and stop you out. So, either you take a partial profit if you have more contracts, or you lower your stop loss to zero if you only have one contract to protect yourself in the trade.

[07:24] target here, but you could have been protecting it. A new trend has arrived there. If it closes below, I have an operation, look. It closed below, I have an operation, look. It closed below my entry point, all the way to my

[07:38] stop-loss up there at 360 points. Does it fit within your management style? Oh no, that doesn't fit within my management scope. It doesn't work. It fits within my management style, it's going into operations. Always evaluate. I recommend you always look for shorter stop losses, right?

[07:52] like that. If I enter this trade, I'm setting a relatively expensive stop-loss order, right? Operation activated. He makes the move. Now that's really

[08:05] close to my target. I already take partial profits, protecting my I already take partial profits, protecting my trade because my stop-loss order is already too risky that almost got him there. There's nothing more I can do here except protect, right?

[08:22] See if I'm protected now, he came and took my target. If I did a partial shot, it already caught on and hit my target. Here 's the situation: I have the trigger, and I'll always evaluate if it's within my management capabilities, and how I'm going to

[08:34] take advantage of this model. That's it. I hope this video has helped you in some way, and that I have contributed to your growth. If I helped you in any way, I'm already immensely happy. All I ask is

[08:47] that you subscribe to our channel, turn on notifications, and leave a comment telling us what you thought of this model. Furthermore, I am immensely grateful for you staying with me for this video. May God

[09:00] video. May God immensely bless your life. Until next time.