1 Minute Scalping Strategy I Use to Make $3,000 with a Small Account

Introduction

In this tutorial, we will break down a 1-minute scalping strategy that can help you turn a small trading account into significant profits. This method, shared by Solo E TV, focuses on sniper setups without the use of indicators or bots. Whether you’re looking to flip a $100 account or improve your trading consistency, this guide will provide you with actionable steps and insights.

Step 1: Understand PNL and PNH Zones

• PNL (Price Neutral Level) and PNH (Price Neutral High) are critical for identifying sniper entries.
• These zones help you determine when to enter trades with precision.
• To identify these zones:
  • Look for recent price action to establish high and low points.
  • Mark these levels on your trading chart to enhance your setup.

Step 2: Utilize Fibonacci Retracement

• The Fibonacci tool is essential for scalping, particularly the 61.8% and -0.27% levels, which are key for finding profitable entry points.
• To apply Fibonacci:
  • Select the Fibonacci retracement tool on your chart.
  • Draw it from the last swing high to the last swing low.
  • Focus on the 61.8% retracement level and the -0.27% extension for potential entry points.

Step 3: Timing Your Entries

• Perfect timing is crucial when scalping. Look for price action signals:
  • Watch for wicks on candlesticks, indicating rejection at specific price levels.
  • Combine wick patterns with your identified PNL and PNH zones to confirm entry.
• Practice waiting for these signals to avoid premature entries.

Step 4: Live Market Example

• Observe real trades to understand the strategy in action. For instance, during scalping on the US30:
  • Identify the PNL and PNH zones.
  • Apply the Fibonacci setup.
  • Wait for a wick confirmation to enter the trade.
• Document your trades to refine your approach and learn from your experiences.

Step 5: Join a Trading Community

• Engaging with a trading community, like TWS, can provide support and mentorship.
• Look for groups where you can share experiences, ask questions, and learn from others.
• Consider signing up for mentorship programs if you're serious about advancing your trading skills.

Conclusion

This 1-minute scalping strategy requires understanding key concepts like PNL and PNH zones, using Fibonacci retracement effectively, and timing your entries based on price action. Practicing this method in a live market, while being part of a supportive community, can significantly boost your trading performance. Take these steps seriously, and you may see substantial improvements in your trading results.