Scalping Pullbacks in the E Mini Futures | Live Scalping 009

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Pullbacks are your best friend in a trend. Today, Michael demonstrates how to profit off of a couple simple pullbacks. He also identifies times in the day when it's best to sit out and not trade.

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DISCLAIMER: These videos are for educational and entertainment purposes only. There are inherent risks associated with investing in securities and other financial instruments. Please carefully consider whether trading is suitable for you given your current circumstances, knowledge, and financial situation.

#DayTrading #FiresideTrading #MichaelChin

[DarronSmithBahamianMillionaire]

That second runner you need to trail since it is only that a runner option. I love the way you trade Bro! This is real trading!!

[lifeautomatedllc]

good example video, thanks! Can you briefly explain how you set that short/fill in that first example of the two legged pull back? How did you decide where at the bottom of which candle to set your entry? Thanks again

[oluwatosina.]

Love ur content❤️Pls advise on best broker for scalping also…what time frame do u use

[danfrattinger]

Question for you. When looking at those double leg, pull backs, what minute candles are you using? Three minutes or five minutes?

[DL-]

Hey! Such a pleasure! Very well explained, now i understand the pullbacks a bit better :)!! Sad for the runner though. This guy just doesnt want tu run! Next time!!!

[danielhussain]

Hi, I really enjoyed tour video and i like your setup and strategy. Do you offer one one for a new day trader?

[dianasitaruk]

Hi Michael! Can you make a more in depth video about pullbacks?? You always mention them and I can’t seem to identify them clearly! Thank you.

[atomicbeing]

Michael what is the difference between a one legged pullback and a two legged pullback. You showed in the video a one legged pullback but it appeared to have another pullback in front of it.. Can you show how each look? Thank you! Love your video series..

[angelohernandez]

Couple of questions. I have been going through your videos and they are all fantastic. Love your set of rules and how you stick to them consistently. And I like that you play off fear and others stop losses. My question is would you use this same strategy with the spy etf for stocks such as BA, FB, or just stocks in general? Why use a 2000 tick chart and not the standard 1-2-5-15 min candle charts? Lastly, how do you quantify based on your stop loss how much you make on each options contract? Does it work differently on the future compared to the etf? I know that’s a lot but I’d really appreciate your input.

[wagon]

hey chen! whats your ATM strategy? great

[rombusworkmoney]

Michael, do you think he could create a short demonstration of the two-legged pullbacks in which you speak and show things slowly? I couldn't really see what you were trying to show in this video.

[akifodul]

Hi Michael. I follow you from Turkey. Firstly thank you for all your videos. You have helped me about scalping. But how can I trade like you in Turkey? Which you use broker company and programme?

[paultrovatori]

Hi Michael, some of the 2 legged pull backs aren't as clear to me as they obviously are to you. Any chance you could do a close up on a few examples.. just to show how they can look? thanks for the content. Good work!

[Readthebiblex]

Thanks for the vids, do you have a video exactly explaining how to count that legs on that 2 legged PBs? Thx

[lucasparker]

Online is very good for trading most especially when you are trading with a good plate form, I started trading bitcoin and is going well

[herrickinman]

You have to first identify the trend direction (or lack of direction) before you can decide which pullbacks (if any) to take to enter in the direction of the trend. A 2-legged pullback can't be identified until after you have 4 up and down (or down and up) oscillations ("waves"), You don't know that a wave has ended until the next wave begins. You enter after the 3rd wave ends, which is when the 4th wave begins. In other words you are trying the scalp 1 point from the start of the 4th wave. Think about it.

[epartsacc]

I don't fully get those 2-legged moves. Can you do a video just explaining that?

[kerrychao]

Hi Michael, I'm going through your video series and I'm still having a little trouble recognizing the 2 legged pull back. I saw on this one you talk about a series of single-legged pullbacks. How can you tell if it's a multiple single legged pull backs or 2 legged pull backs? Can you do a video showing the differences and recognizing the pullbacks in side by side charts to illustrate the difference? Thanks brotha!

[ziweitan]

Hey Michael, I pretty much went over all your videos and I’m in love with them. One question i have is I see you have different entrance sometime. For example, when you see bullish, you sometime enter at the middle of a high up candle, but sometime you enter higher than that candle. How you determine that? Thank you!

[lordeffiom]

Hi Micheal, I’m new to trading and what I don’t understand with your strategy is how does the spread affect your strategy, or are you trading with zero spread?