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One Minute Candlestick Trading Strategy - YouTube
Channel: Trading Walk
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What's up everybody it's Johan from
Trading Walk and in this video we're going to
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look at the one-minute
candlestick trading strategy.
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So looking at this one
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minute chart here of EURUSD and really
how to trade the one-minute candlestick
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trading strategy what you want to do is
have a few rules first so the first rule
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of this strategy is trade in the direction of
the trend so how do we define the trend
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for the one-minute candlestick trading
strategy well we use exponential moving
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average if we add a moving average
period 8 and exponential we can see the
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moving average like this and basically
what this rule now says is I only want
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to take trades that have the entry level
above the moving average for buy signals
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and below the moving average for sell
signals so the setup for the one minute
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trading strategy is basically very very
simple a candlestick pattern and the can
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see pattern is the doji candlestick
and we define the doji candlestick my
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body is one third of the range of the
candle so this right here is a doji and
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you see this is a doji these bodies here
are too big so these are not dojis
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here's a doji and here's a doji alright
so now we have a trend and we have
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the setup and what are the entry and exit
rules for this strategy well plain and
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simple for bearish short trades you want
a doji with its low below the moving
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average and preferably you want the
lower shadow to be longer than the upper
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shadow and the entry for this strategy
is the low of the doji and you place
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your stop-loss above the
doji and you place your take
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profit one to one risk reward so
let's look at how that would look
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our entry would be here our stop-loss
would be here and our take profit
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would be down here this would
play out very nice basically entry and
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take profit down here and this
candlestick here broke down and then
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closed up so right into our take profit
and then up and closed higher and then
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it continued lower now we don't have a
new signal here during this whole time
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but then you have a doji here and you
want the entry to be above the moving
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average and you want preferable the
upper shadow to be longer than the lower
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and you place your entry at the high you
place your stop-loss below the doji and
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you place your take profit one to one
risk reward so for this place your enter
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here you would place your stop-loss here
your take profit here so this was also a
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nice winning trade here the beautiful
thing about this strategy is that you
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can let your profits run and how do you
do that this is kind of an upgrade for
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you guys to trade a one-minute training
strategy and really this will increase
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your profits a lot so you see you
already take very very small risk here
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and to really increase the profitability
and make very high rewards here is you
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don't place a take profit target instead
you use the moving average as your
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trailing stop-loss so as you can see
here for this trade here you would still
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be in this trade because price hasn't
touched the moving average yet so I mean
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this is a risk reward of at least ten to
one so this is a very very powerful
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strategy when used correctly we have
doji and as I said the high is about the
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average so this is a valid trade so our
entry or stop-loss is below the doji and
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you can either place your take profit
one to one or you can let this ride
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here would be the point where you exit
if you let your profits run and like you can
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take off your trades off at the
one to one and let the other half run
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just before we right here we had a doji
as well and this too is a valid buy with
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entry our stop-loss and this was also a
winning trade and that guys is how you
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trade the one-minute candlestick trading
strategy thank you so much for watching
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I hope you enjoyed this video please
leave a like and subscribe to my channel
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I really appreciate and don't forget to
click on the screen for a free gift
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thanks for watching
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