🕵️♂️ 1. Focus on 5-Minute Candlestick Patterns
These patterns are fast-paced and best suited for scalping — quick trades that ride small moves. Master these:
PatternSignalDescriptionBullish EngulfingBuyStrong reversal after a downtrendBearish EngulfingSellStrong reversal after an uptrendDoji + ConfirmationWait for breakoutShows indecision; next candle confirms moveHammer / Inverted HammerBuyPotential bottom — signal of reversal upShooting Star / Hanging ManSellPotential top — reversal down
💼 2. Setup a Scalping Trade Plan
Capital Needed: $100–$300 (more is better, but even $100 is fine)
Leverage: 5x–10x (Only if you're experienced!)
Target per Trade: $5–$10
Timeframe: 5m candles
Stop Loss: 0.5%–1% below/above pattern invalidation
Take Profit: 1%–2% or close manually when momentum slows
📊 3. Use Indicators to Confirm Entries
Volume spike: Confirms strength of move.
EMA 20/50: Buy above both, sell below both.
RSI (14): Avoid buying above 70 or selling below 30.
📌 4. Example Strategy: Bullish Engulfing + EMA Support
Wait for Bullish Engulfing pattern on 5-min chart
Confirm price is above EMA 20 and 50
Enter long at candle close
Set Stop Loss just below the low of the engulfing candle
Take Profit at 1.5x risk (R:R = 1:1.5)
💰 Repeat this 5–10 times a day with strong setups, you can reach $50 easily.
⚠️ 5. Golden Rules
Never risk more than 2% of your capital per trade.
Don’t overtrade — quality > quantity.
Avoid volatile news hours (check economic calendar).
Keep emotions out. Stick to the pattern + rules.
✅ Summary
Goal: $50 daily = 5 trades of $10 each or 10 trades of $5
Timeframe: 5-minute
Method: Candlestick pattern + confirmation + risk control
Discipline: Most important. No revenge trades.