This video introduces the "Three Candle Entry Strategy," an enhancement to the Severin scalping strategy. It focuses on combining one-minute order flow analysis with candle structure principles to improve trade entry accuracy and increase win rates. The strategy provides a clear yes or no decision for trade entries, making it almost automated.
Timestamps:
- [00:00:00] Introduction and legal disclaimer
- [00:00:27] Overview of the Three Candle Entry Strategy
- Addition to existing Severin scalping strategy
- Aims to increase win rate by 9% - [00:01:27] Reminder of core concepts of the original scalping strategy
- Uses 5-minute order flow for trade execution
- Focuses on sell blocks at support and buy blocks at resistance - [00:02:25] Example of the previous Severin scalping strategy
- [00:03:46] Addressing common feedback: Challenges with volatile markets
- Solution: Applying the strategy to the 1-minute timeframe - [00:05:51] Challenges with the 1-minute timeframe approach
- Getting stopped out too often before the actual move - [00:07:53] Introduction to combining 1-minute order flow with candle structure principles
- [00:08:55] Review of candlestick basics and unfinished auctions
- [00:10:33] Detailed explanation of the 1-Minute AutoFlow 3 Candle Entry Strategy
- Three candles: Bearish/bullish candle, reversal candle, and entry candle
- Using candle formation as an entry trigger - [00:13:34] Example of an ideal price formation for the strategy
- [00:15:49] Determining entry points using order flow
- [00:18:27] Summary of key principles and tips for the entry strategy
- [00:20:14] Conclusion and information about upcoming Q&A session
Remember to practice and analyze candle structures to become proficient with this strategy. While it may result in missing some trades due to lack of confirmation, it's better to avoid unnecessary risk. Apply this strategy to various timeframes for different trading styles, from scalping to day trading.