Spotting LIVE Trading Trend Reversals | Live Scalping 002

🎓 Trade with me: www.firesidetr...
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Michael teaches you day trade scalping by reviewing his morning trading session with you. Today he shows you how to spot trend reversals in the S&P500 Futures. He shows you each live trade that he takes, and explains how he reads the price action trends.
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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

[@Ray.Kajol.1195]

okay, i really want to say this, your personality is so amazing and bright and bubbly, like wanna listen to you speaking enthusiastically and that's what makes me wanna trust you of all the people on the internet :)

[@scottvpm]

Probably the best strategy I could see in KZbin, thank you for the information

[@SupaPoopaScoopa]

Glad you told people these were prerecorded. It speaks to your character, on the flip side generally, morally corrupt individuals underestimate others foresight and would assume there is no possible way to for them to tell, and they would be wrong. Your obviously a smart individual.

[@Peter_Potato]

Good to see someone trade pure price action. When I watched your first trade here I thought "picking up pennies in front of a steam-roller". I wouldn't recommend newbies scalp against a strong trend. Good luck.

[@edonefleites9420]

Michael you are the best teacher i have ever seen !!!! Mr. Edone Fleites

[@kellis773]

Like it, you make it look very smooth...

[@luca7397]

well done mike! I love when you get in in the stop losses area, keep doing live trading mate

[@johnmetlow1618]

Michael, I miss your videos--great strategy of trading. Keep up the excellent trading!

[@joshchapman01]

never knew about scalp trading until i watched your vids. thanks for the enlightening lessons! keep em comin!

[@ScottLOtero]

So you tell yourself you want to become a full time trader, you get an account you fund it with a couple hundred of USD and then you start trading without any form of lesson or training, there is only one expected outcome and i am sure every trader knows this, Now to actually do it right is to learn how to trade using *The Huon Fresne Strategy* you can never go wrong with this strategy just google it.

[@tomdowney9336]

Keep up the good work, I'm learning a lot.

[@suvankar1998]

HELO SIR IAM SUVANKAR FROM INDIA I AM VERY EXCITED YOUR VIDEO AND GOOD EXPEREIENCE IN MY KNOWLAGE,THANK YOU SO MUCH.

[@danc7471]

In this video you reference identifying 70%, 80% and 90-95% winning trades. You must have some rules to accomplish that. What are those rules? I'm binge watching your video series on scalping the /ES and took a few trades today in my paper money account on TOS. I did rather well, 3-0 based on my current level of knowledge. I just went on the live side and noticed it takes a TON of margin to trade the /ES futures contracts. Your website indicates you could implement this method with as little as a $1500 account. How can that be? Love the videos, keep them coming.

[@neilshome]

It's all very well showing a recording of your trading. i would like to see proof that it is live and not on SIM. Anyone can say that it is difficult to comment on your trading when live, but proof of your trading is better than not! Sorry if i am wrong about you, but I have been stung by unscrupulous people who are just trying to get you to sign up, only to find they are full of BS.

[@BrownSkinLady22]

These live trading videos are helpful. Can you do a video on how you set up your buy stop to trigger your buy and sell points on the grid? It looks like a great time saver

[@siegemoments5580]

It’s the automated system on Ninja Trader 8, look up some videos on ot

[@taylorwestbrook3728]

Look at his tutorial for setting up ninja trader

[@CURSEDIMAGES]

He has a video on it look up “mike chin ninjatrader set up”

[@jckphotograph]

Amazing teacher!! Subbed and liked, great work my friend! Keep making those great trades, you've got a nice edge in the market nailed down well and a ton of discipline.

[@georgedekornfeld2669]

michael chin - Could you please further describe the two legged move?

[@southwestfloridarealestate3582]

I wish you never stopped man you have the best videos I know your not focused on teaching anymore but you should at least just do these and not get wrapped up in answering questions we all miss your genius on these videos 😢

[@traderzzz123]

He got caught scamming, search it up.

[@brionche8568]

Don’t make it to complicated (guys in the comments) KISS strategy works best for scalps and probably all day trading. Don’t listen to news or join groups to follow on trades. I love that he is helping viewers with a simple strategy, identifying the overall trend- high & low of day and scalp on every 2nd leg of a trend only when its a safe 90% plus probability

[@tantanantansevero604]

hello sir! i'm so happy to find your channel. this is a gem of knowledge

[@carlo9524]

What about the spread? How much profit do you net after taking out the spreads. So basically this is your strategy 2:1 RR Wait for the 2 legged pullback and bet against it? Is this correct?

[@bestrateheatair419]

where are some new videos you do a great job Thanks for sharing

[@CharTheChair]

You should do a full start to finish tutorial on how to start day trading futures. I'm extremely curious on starting on this but have no idea how to get started from nothing. Like how to get the software started, signed up with a broker, and whatnot. Love your content! Can't wait to see more from you! 💜

[@warrenwilliams6539]

He has a complete set up video look at hes videos theres on on set up

[@peternorton3398]

Another great session Michael will rerun it to understand it thoroughly

[@stevehaas6560]

Hi, I am new at this and really like your videos. Can you explain exactly what to look for in the 2 up, 2 down trends you take. Appreciate it.

[@siddardhagokaraju6113]

I have completed watching all your live trading videos.... waiting for more videos from you

[@marwanalnass8802]

Hi Michael, I was watching your videos and the y are great! Best videos I have seen so far. I am new but I wanted to ask how much the cost of each contract and how much money you need to open an account? Thank you very much! You are great teacher!

[@MichaelChin]

Each contract requires $500 of intraday margin. If you wanted a small account it'd probably be best to start with $1500. Appreciate the compliments!

[@olegivanovaleksandrovic2577]

Write admin on what'sapp

[@olegivanovaleksandrovic2577]

:;[phone]|..

[@alexandremejia185]

Hey Michael, awesome videos! I'm going to try some scalping myself tomorrow morning. I have everything set up but I had a question. How do you change your Stop line on your runner so quickly to break even after youve gained 1pt?

[@aussiejetjock]

It's an ATM strategy ie, a set "rule" that happens when price reaches a certain level

[@keronlacey]

Where’d you go man?

[@shimareel5268]

Facts, great content. I need more videos

[@FOXFrankJaeger]

Just wanted to let you know I am completely determined to become yourself. I am learning as much as I can.

[@arthurrlambert4825]

Hey Michael, love your videos! You do a full service website with training videos, etc etc? Please advise, love to join. I’m an early retiree, love the markets, and would love to add your set up and execution to my tool shed. It would compliment the stuff I do now!

[@me78219]

And one more thing-can you go further into the candlestick pattern you look for on your setups. thanks for your time

[@abigailpatterson9432]

Thank you very much for your videos. I set my chart up according to your video. But I think im missing something. On your first trade here you were filled made the $150 but then the market went back down & took the trade out. How did you still keep the $150? When I followed you on this I broke even. Which is in at market out at market zero profit.

[@rolex101575]

hi Michael, can you tells us what time you got in also what min chart you are using thanks in advance you are great trader and person !

[@jeanhallee3103]

Hello Michael I wonder how much money do you put in order to have a 150$ profit. And since i am a beginner what video do i start with. Thank's a lot

[@irvingee4697]

just discovered your videos and since I am a beginner I wanted to start with your first scalping video 001 but I cannot find it

[@CURSEDIMAGES]

It’s on his channel

[@YanPagan]

Hi! good videos man! I'd like to know what platform youre using and if its posible to use it outside USA

[@ramantewari]

Bro thanks from India :)

[@ANTROD10]

I dont get exactly what the pattern or candle formation you're looking for. Can you elaborate please. You make it look really easy, and just want to know when to enter a trade . Thank you in advance

[@vvs7949]

He’s looking for pullbacks, but he’s also going against the market which he shouldn’t do.

[@tathagata37]

How do you trade the S&P 500 index

[@Highlander_TX]

I love your videos. Thank you good sir.

[@franciscoguinazu4810]

Hey Michael ! Great content. Quick question, how can I set the current P/L that you have on the bottom left of the chart? Thanks!

[@bambamgolf]

Francisco Guinazu good question

[@rileybaker258]

Francisco Guinazu Right click on the PnL, click properties, click the drop down arrow, click currency.

[@Finx436]

@@rileybaker258 Indicator named Tick counter

[@carlosgeofroy1546]

How does your stop loss moves to the break even line automatically? Thanks

[@tszhin13]

I would like to know this too

[@CheddaGaming]

@@tszhin13 Ninja trader built in strategy technique thing I believe

[@brionche8568]

U can set this up in the tools to move stop after a x= % move

[@om78692]

thats ATM stratergy you tell the software if this happens do this simple as that....very basic to setup

[@weightlosehacks5782]

I wanna know what is the best time fram for scalling?

[@ufogovernment6039]

what's a runner? how do you enter the orders? thanks

[@oluwatosina.4743]

Great one bro love it...just thinking abt the stoploss it seems too risky

[@cornelisstrydom]

Great video Michael, very informative. Could you kindly tell me what your risk:reward point ratio is, looking at the graph it seems you have a risk:reward of 3:1? (very excited about e mini futures thanks to you :-) )

[@ahmedgpi]

Michael i just subscribed in your chanl and i find it very interesting and amazing....well i just want to ask ya i ve been trading for one year now i tried swing and intraday trading but letterly did not suit me at all and i believe scalping is my cup of tea.. so what is the best capital to start with since we use big lots and aim short pips

[@Reaganeering]

Michael, you mention in video that prefer setups which work 95% to 100% for 1 point scalps. Can you tell me what video you might have which shows what that perfect setup looks like? Or, if you haven't done such a video yet, can you please? Thanks.

[@MichaelChin]

Hi Todd, I'm working on a strategy video for that perfect setup. It should be finished in the next 1-2 weeks!

[@Reaganeering]

@@MichaelChin Thank you...looking forward to it! I'm very interested in this type of trading.

[@kcchiefster7916]

@@MichaelChin Could you post link to that video? thanks! Great work!

[@KK-tr7py]

Mallay Volpe thanks for the link

[@TheTrevastation]

I love these videos! I've made a consistent $150 @ 3-0 or 3-1 trades in dedicated test sessions where I am not intentionally making dumb trades. I noticed you seem to be able to click and drag your limit prices, though, and I've found numerous times I could've used that feature. I cant seem to figure out how to set that up. I've checked out some other vids on setup to no avail. Any pointers?

[@MichaelChin]

Are you using Ninjatrader? I have my entire setup laid out on this video: bit.ly/NT8_Setup Let me know if that doesn't help you Trevor

[@TheTrevastation]

@@MichaelChin yup am using Ninjatrader. It was, of course, user error. I didn't realize the stop limit icons on chart trader latched when clicked, I kept trying to drag them. Thanks again for all the great vids!

[@michealtownstead5423]

Write on what's:app

[@michealtownstead5423]

:;[phone];:

[@ronson-natsarim]

@@michealtownstead5423 SCAM.

[@aaronnicholson8154]

Thanks, Michael!

[@richardjureidini9119]

Hello Michael, how do you setup a stop loss trade? I can't find any of your videos that explain that option and I see where that is how you always take your trades.

[@HighRollaaaaaaaaaaaa]

Hey man love your videos! Quick question, where is your training video you mentioned that would been released after 2 weeks from uploading this video? Riley also said there should be a training video coming out, which was a month ago. Just wondering if you are still working on releasing it? I look forward to hearing from you. Thanks!

[@chumbucket5109]

how much are your risking each trade? seems like for it to jump so much per trade it must be alot.

[@AJ-wj9ij]

What platform you using sir would you mind sharing the knowledge? Thanks for the video

[@thewilliamcrown4516]

Did you find out?

[@Zues64]

Hey Michael, I find your scalping strategy intriquing for sure. I have a schwab brokerage account. Can I trade the S&P 500 Futures with them or would I need a different brokerage? If so, what's the ticker you're using? All I'm finding is SPY which ain't the futures. Appreciate the help.

[@joevermondejar1274]

hello Michael chin is your course is also good for forex trading as well?

[@tradingnapapiamentu1090]

Hello want to learn more of this strategy, looks very good.. Did saw an other guys video first and he sent me to your channel... This style is something i can use also, because of my job i do not have time all the days to trade, want to learn this asap pls..

[@MichaelChin]

I just launched a master course that will have everything you need to know to understand these setups. Try checking that out! www.dayonetraders.com/

[@tradingnapapiamentu1090]

@@MichaelChin awesome!!! Will definitly take a look..thnx.

[@Evan-kj6ye]

Mallay Volpe it is actually a great plan. You’re probably just one of those people who gamble in the market. Take your hate someplace else, it isn’t wanted.

[@knetlucena1810]

How can you identify between 95% and 80% of that trade.what's your parameters?

[@sirissac7]

Love your approach! I plan on watching your channel now. If I want to get started, what program do you have downloaded on your computer?

[@bartschanck5444]

Which do you recommend for a platform TOS or NINJA trader? Also how much cash do use for each trade?

[@ajaygupt9693]

The trade room

[@hikurashi83]

Can someone explain the 2:40 play? I get that prices are extended but it seems like a bad trade. You are going against the trend and the 3273 support wasn't even hit yet (in fact, he puts the stop loss AT the 3273 support which seems silly). It could have easily gone like the green candle followed by an engulfing red at 6:59/7:00 (time in his chart). A better play imo would be at 6:54 where the two identical bear tops form perfectly on the downtrend resistance. A sell order at 3283.75 would be a perfect play.

[@pedroluisalcazar9285]

Hi Michael, great video! Thank you! Could you please recommend a book for the method you are using?

[@maskedtrader5010]

There is a guy on youtube called "papapat shoryutrade" that explains the methodology from end to end with 3 lessons for free if you need

[@timotatro4319]

Hey.. where did you go.. i am really enjoying learning from you... but you stopped doing videos.

[@soyodnokib]

Hi Michael, Your two-legged moves are excellent, could u please explain in detail about how do u find the two-legged move, I am finding hard time to follow/find that kind of move.

[@lekker2333]

Incase you never found out. Its simply called a bull flag and bear flag

[@glennanderson7437]

What are the best scalp opportunities and How do you identify them? Thanks!

[@lawrencel2544]

Can you tell us what is your worst day lose on these trades. Just want to get a realistic expectation on what the drawdown is like in this type of trading.

[@liveforextrading7917]

I'm earning 19.75 per H as an assistant accountant, 9 hours worked today .what a pain in Apple

[@Troikaone]

Very courageous of you to show a live trade.....................gangsta-move!!!!!

[@jjdub111]

Great Work!

[@MichaelChin]

Thanks!

[@me78219]

Hello Michael can you tell me what study you are using on your chart. looks like an EMA . thanks

[@jameslinsday3146]

Can the principle of this strategy where you’re trading on futures, be used for trading stocks?

[@Prince-xx9cp]

hi Michael, I know you are busy and work full time but I messaged you twice and I was expecting your reply at the weekend but didn't get any. if you can than please reply so I can talk to you.

[@warrenwilliams6539]

Hi micheal thank you for your help can you please tell me how you get your $$ tab up on the left bottom screen same your set up thank you

[@robinsonparra2102]

Do use OCO order? And how do you choose the stop order?

[@irafanl7739]

who is a good futures broker can i use or a prop firm? plz and thank you

[@clearlensco.3751]

I don't understand your two movement strategy? I can't see it on the chart. Can you make a video to explain this?

[@khamsiimusiqdaraa8781]

He got a course abt it . link in the description

[@gavent99]

I like your style trading .

[@fullViewJay]

Great Videos! What program are you using to scalp? I feel that Trading View can be a little slow sometimes when I want sniper entries

[@aidangallagher4231]

Why didn't you buy the pullback before the one you traded in the first trade. It was a triple bottom so would that not have seemed more attractive

[@lordofpeaceandsleep9827]

Hey Mike, what Trading platform do you use?

[@Kojtxiv666]

What time frame are you using when you trade?

[@mikkosutube]

3.47..you had 3 contracts..? one tick is 12,50..is that the same as 3 ticks..wouldnt that be 12,50*3..or what am i missing?..thanks

[@BaliwNaL]

Why are you not uploading any more videos bro we missed you

[@ikaall5317]

Which time frame do you use for scalping

[@joshellinger7599]

Love the videos , what broker do you use if you don’t mind me asking ?

[@Janneysound]

Michael, IB/TWS does not ahve tick charts. Can I apply you "Trading the Traps" and "2-Legged Move" to say SPY ETF? Trading in paper. I am losing more than winning. Don't understand what I am doing wrong. How can you help me? send you screenshots? Thanks, janneysound

[@tinyutopia825]

Hey Michael, love the vids. How do you drop the the runner stop on the buy line when the scalp target is met? Is it a script or hotkey? Thanks!

[@solomonlouis934]

Reach expert on :what's:app

[@solomonlouis934]

:;([phone]))

[@ronson-natsarim]

@@solomonlouis934 SCAM.

[@codyhutchinson9528]

Stupid question, can this scalping method work for forex too ? , and what time frame would u suggest using for scalping , 1 minute time frame ?

[@malc_and_dave]

Hi what platform are you trading on? And do you yourself offer training? Thanks

[@hikurashi83]

2:40 4:35 10:10

[@mayfly1234]

thanks.. got a demo acct.. how real is the simulated trades and the price action?

[@NeedforSpeedGamesforpc]

Is it spot trading or future trading?

[@shahryarmirzaei4335]

What's the minimum deposit for ES trading and how much is the minimum value can I open a position?

[@katelo5363]

How do I set up that line that shows the amount increase or decrease on the chart? The one on the green line? Thank you!

[@jonbender6484]

New to Ninja Trader, how do you add the PNL box on the bottom left of your screen?

[@rombusworkmoney22]

Where did you see a gap there?

[@mwc5426]

Where is Michael Chin is he still trading

[@l-vinotrading4450]

Your rrr is super bad but I guess your hit rate is compensati g for that which means it‘s not bad anymore lol. Nice work!

[@aldorami]

Ur technique can also be use for penny stocks?