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My SIMPLE "9:30AM Open" Scalping Strategy [300 Trade Backtest]

Craig Percoco · 3,653 words · 17 min read

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0:00After nine years of trading, my simple

0:029:30 a.m. fair value gap strategy has

0:04been the simplest way for me to be

0:06consistent and repeatable in my trading.

0:08I spent a long time in my career trying

0:10over complicated trading strategies

0:12until I [music] landed on this approach.

0:14And this is one of the exact strategies

0:16and approaches I'll be using for the

0:18entirety [music] of 2026 to see if I can

0:20have an even better year than I had last

0:22year. And what I love about this is that

0:23it makes sense with the [music] market.

0:25And it's literally so simple and

0:27repeatable. So, in this video, I'm going

0:28to literally show you why you don't need

0:30to over complicate [music] your

0:31strategy, and instead the simple

0:33checklist that I use that helps me

0:35identify daily opportunities, increase

0:37my win rate, and really only need to

0:38work for about 1 to two hours each day.

0:40And after I show you the complete

0:42strategy, I'm going to show you exactly

0:43[music] how I implement it into the

0:45markets, some examples of me actually

0:47doing it in real time, and then finally,

0:49I'm going to reveal us testing [music]

0:50these exact rules over three full months

0:53in over 300 trades, so we can see

0:55exactly [music] how this framework

0:56performs over a duration of time. All

0:58right, so let's dive in. So, this is a

1:01strategy that I've been trading for

1:02quite some time now. This is my 9:30

1:04a.m. New York Stock Exchange session

1:07open fair value gap strategy. And as I

1:09document in my live trading series,

1:11following this framework, I'm able to

1:13get really solid results, focusing on

1:15consistency and risk management. But it

1:17took me a pretty long time to figure out

1:20how simple it actually can be after

1:22sifting through a ton of different

1:23information, a ton of different

1:24strategies, like I said, for my entire

1:26career. And it allowed me to realize the

1:28reason that most people and strategies

1:31end up losing money. And it's actually a

1:33lot simpler than you think. But we have

1:34to understand trading from the right

1:36frame, which is something that most

1:37people are not going to do, which is why

1:39most people aren't able to actually

1:40navigate this game. The ones that do are

1:43able to have the upside and the

1:44opportunity. And there's a few big

1:45reasons why trading is challenging and

1:47it doesn't work out. Like I said, for

1:49most people, the biggest single thing

1:51that I've seen is having a strategy that

1:53is either too simple or too abstract.

1:55Meaning, it's all emotion. It's how you

1:57feel, how you're interpreting, where

1:58it's not repeatable at all. Some of the

2:00best athletes in the world, some of the

2:02best people who are professionals in

2:04their area always talk about consistency

2:06and repeatability. If you're able to

2:08master those mechanisms, you can get

2:10really, really good at doing that to the

2:11point where when the pressure is on,

2:13when it's high stakes, you're able to

2:14actually execute on that. If you're

2:16constantly trying to rely on your

2:18discretionary decision-m and different

2:20ideas every time, you're walking

2:22yourself into a trap. Strategies need to

2:23be simple and repeatable, but also the

2:26strategy needs to actually work that

2:28isn't actually statistically effective

2:30over time, then no matter how simple it

2:32is or how well you execute, you're not

2:34going to be able to allow that edge play

2:36out. And weirdly enough, taking profit

2:38too early is probably the third biggest

2:40reason that I've seen for my entire

2:42career as to why a lot of times trading

2:44strategies or traders are not

2:46successful. So my goal was to basically

2:48remove all of this, make it easy,

2:50simple, repeatable, and a strategy that

2:52allows winners to run while keeping the

2:54losers contained and small. Because

2:56without these things, jumping around on

2:58the internet, trying different

2:59strategies, not staying consistent,

3:01which is something that I did on my own

3:03for years starting off left me spinning

3:05tires, no progress. This is sadly where

3:0890% of people attempting trading are

3:10going to end up because they're missing

3:12that simple repeatability that leads to

3:14consistency over time. It literally took

3:16me about 3 to four years of wasting time

3:19effectively wasting money to fully

3:20understand the key principles of trading

3:23because firstly you need something to be

3:24simple enough for it to happen often and

3:26to find examples. Then like I said it

3:28needs to be repeatable so that you can

3:30find these and execute on it

3:32consistently over time. The third thing

3:34is we need to be able to measure the

3:36data. We need to be able to measure the

3:38outcome. So the average riskreward and

3:40the winning percentage for us to figure

3:42out if this is going to be sustainable

3:44and profitable over time. And this is

3:46literally the blueprint to be consistent

3:48and repeatable in the market. Because

3:49falling into the traps of using a

3:51million different indicators and trying

3:53to expect to be consistent over time is

3:56effectively going in completely blind,

3:58completely random. This is the approach

3:59that many people take who don't

4:01understand trading fully. And it's an

4:03easy trap to fall into if you have too

4:05many options. And this is sadly the

4:07reality for most people who don't have a

4:09simple proven trading strategy because

4:11all we're trying to do is take a bunch

4:13of information and effectively filter it

4:15down. Find times where that filtered

4:17information is going to give us the most

4:19high impact probabilities. Then we're

4:21executing on that with a repeatable

4:23strategy. So for my 9:30 a.m. New York

4:25session open fair value gap strategy.

4:28That's exactly what I'm doing. So let's

4:30dive into how this strategy actually

4:32works. So, first thing that I'm doing is

4:33I'm focusing primarily on the New York

4:36session open. And with this strategy,

4:38what I'm trying to do is find a clear

4:40direction that the market could

4:42potentially move in. Find clear and

4:44obvious entry signals once we have that

4:46indication of the direction. And then

4:48effectively, we're just managing the

4:50trade and allowing the winners to run

4:52and containing losses if we're wrong. If

4:54you're newer to trading, you may not

4:55know this. If you're experienced, you

4:56probably do. You're going to lose a lot

4:58in trading. It actually doesn't matter

5:00at all as long as you are calculating

5:02and containing your risk and making sure

5:04that your risk stays uniform each time.

5:06That's the only way you're going to make

5:08things consistent and measurable. And

5:09what I'm doing with this strategy is

5:11focusing on 930 because that is where we

5:14are going to see the highest amount of

5:15volume. So we see these candle bars

5:17here. As 9:30 opens, you see a big

5:20influx in volume. And what this is

5:22showing us is market participation. And

5:23this is going to allow us to find moves

5:25and play into the high impact areas in

5:28the market. And you can see this is

5:29where primarily almost all of the

5:31trading activity is happening. All

5:32right. So after 9:30 opens, you can see

5:34this is from me personally trading the

5:36strategy. There's a heavy amount of

5:38trades. Almost all of the trades are

5:39happening during this exact 2ish hour

5:42window. And you'll notice we either have

5:44zeros or we have around or $1,000 losses

5:47all staying really evenly inside this

5:50threshold. Because I'm risking $1,000

5:52each time I place one of these

5:53strategies. I'm either getting out for

5:55break even or I'm losing a contained

5:57$1,000. But you'll notice of the wins,

6:00the average is coming between 3 and

6:034,000 with some outliers that come up to

6:05these levels. So, you can see just from

6:06data, this is where the opportunities

6:08are coming in. This strategy allows me

6:10to contain my risk and allow winners to

6:12run while maintaining enough

6:14consistency. And there's a bunch of

6:15different opportunities in the market.

6:17There's Asia session, London session,

6:19New York session. They're all going to

6:20move a little bit differently. What I

6:22found is right around 9 9:30 is going to

6:24open up the best opportunities

6:26regardless of the market. And just

6:28focusing on that one time frame allows

6:29you to once again be repeatable. So now

6:31let's get into the exact steps of the

6:33strategy. First thing I'm doing is going

6:34between a 1 and 5 minute time frame. And

6:37I'm finding my important levels before

6:39the 9:30 open. So I'm basically

6:40scrolling out and finding before 9:30

6:43where price cannot repeatedly break

6:45through. And all I'm doing is

6:47identifying that with a simple trend

6:49line. And this step is going to be

6:50important in a second. Step number two

6:51is I'm waiting for something called a

6:53change of character. Now, and what a

6:55change of character is is basically a

6:57directional change. So, if we have a

6:58trend where we have a low, a lower high,

7:00lower low, lower high, and then price

7:03comes to here, fails to break a new low,

7:05and then pushes and creates a new high,

7:08that is a change of character indicating

7:10the potential of a brand new trend. And

7:12now, it's our job to time an entry into

7:14that potential to be able to get in

7:16early on that trend and hopefully ride

7:18the trend up. So in this example, we

7:19have a downtrend leading into New York.

7:21And this will work in both directions.

7:23We've identified a high and a low

7:25period. And then you can see we have a

7:26candle here that is significantly

7:29breaking out of that area. The third

7:31step is finding the first what's called

7:33high impact fair value gap. And what a

7:35fair value gap is is a sequence of 1,

7:37two, three candles where the high wick

7:40of the first candle here does not

7:41overlap with the low of the third wick.

7:44And the same is true if it's flipped for

7:46a bearish fair value. So once we have

7:47the change of character, I'm waiting for

7:49the first high impact fair value gap to

7:51form. And step four, I'm waiting for

7:54price to retrace into the midpoint. So

7:57the 50% of that fair value gap as price

7:59is reattempting to contact the opposite

8:02side of that previous broken level. Step

8:04number five is setting up the trade and

8:06managing the trade. The first thing that

8:08I'm always trying to do is to reduce

8:10risk as soon as possible in the event

8:12that I'm wrong. And so when I'm entering

8:13the position, I'm setting up my entry at

8:15the midpoint of this actionable fair

8:18value gap. And what I'm doing is placing

8:19my stop loss, so my risk outside of the

8:22fair value gap producing candle. What I

8:25also want to do is make sure that this

8:26stop-loss level here is safely outside

8:29of this previously broken level because

8:32if it pushes through with force, the

8:34likelihood of price retesting that and

8:36continuing to move higher is there. I

8:38don't want to set my stop loss so that

8:40it can still come in contact with this

8:42level. but also trigger my stop loss. So

8:44once I have my position set up, the next

8:46thing that I'm looking for is the high

8:47that was produced before retracing into

8:49the fair value gap. I want to mark off

8:51that level and wait for a candle close

8:54over that produce high. So this is not

8:56an example. This is not an example. This

8:58is an example cuz we got a candle close

9:00over that high. And what that's going to

9:02do is confirm something called a break

9:04of structure. Basically confirming that

9:06this uptrend is continuing to move. And

9:08all I'm doing out of the gate is setting

9:10a one to four riskreward. So I'm making

9:13this a 4x multiple of my 1R. And all I'm

9:17doing is targeting key areas on a higher

9:19time frame as my take-profit. But I want

9:21to allow my trade to basically run at

9:23least up to that 1 to4 area. And

9:24effectively what this is doing is

9:26allowing us to find key areas, reduce

9:28risk right away, and allow potential new

9:31moves to run and our profit to be

9:33open-ended. And that's really it.

9:34Obviously, we can add more things to

9:36this to filter and get the win rate

9:38higher, which I will show you in a

9:39second. But the strategy doesn't have to

9:41be overly complicated. Find your key

9:43area. You find an actionable fair value

9:44gap. You set the position up. You reduce

9:46risk and you let the winners run. So, on

9:48the day, I have my levels. We see the

9:49930 opens. We see that same level being

9:52attempted again. Price pushes up above

9:54it. Get a big push above. Say I wanted

9:56to risk $100. I can set the position up

9:58at the midpoint. Price taps into it.

10:00Now, I'm watching this level to be

10:02broken.

10:04we get a break here. This is where I can

10:05reduce my risk to break even. So now a

10:08loss is completely off the table and

10:09we're just trailing this to allow the

10:11trend to continue. And for me, sometimes

10:13these can run like crazy. But I'm at

10:15least going for an initial but 1 to four

10:17and that could be that. Now, like I

10:18said, there are ways to allow this to

10:20run further. And I can show you how I

10:22target things on a higher time frame.

10:24I'll show you with some examples in a

10:25second. So now let's take a look at

10:26another example that happened just a few

10:28days ago. Actually, this time on the

10:30futures market. We have our 9:30 open.

10:32We're getting this level established.

10:34You can see it breaks it with force. We

10:36have the change of character level over

10:37here. And you'll see if I put my stop

10:39loss underneath this candle here where

10:41I'm expecting price could come down,

10:43recont this trend level, and end up

10:45coming in contact with that stop loss.

10:47So, I want to make sure that my stop

10:49loss is safely outside of that retest

10:51area. So, I'll go underneath this next

10:53candle here, set my takeprofit to 1 to4,

10:55can set up a contract entry. Price

10:57enters. You can see price comes in

10:59contact with this trend level before

11:01making a response. Now we're waiting for

11:03this high to be breached. We have a

11:04candle close over this high. I'm

11:06reducing my risk. All right. And this

11:07trade took a little bit longer. It was

11:09about 3 hours. Sort of just trailing

11:11this up. Close out of the position. It

11:12can literally be that simple. So I'm

11:14going to show you a full sequence of

11:15trades that I took over a trading

11:17session. I recorded all of this live. So

11:19this is not a hindsight thing. So you

11:20can see step number one, I identified my

11:23level. Step number two, waited for my

11:24930 open. I identified my fair value

11:27gap. that was aligning with the retest

11:29of this area. You can see I put my stop

11:31loss wider over this area, allowing for

11:33price to safely come up, make contact

11:36into my key area before flipping. So, I

11:38set up my order. You see price came in,

11:40responded perfectly off of that area.

11:42Then, we immediately got our rejection.

11:44We got candles to close below this area

11:46where I would reduce my risk to break

11:48even. I have another video that I'll put

11:49at the end of this one where you can

11:50watch a little bit more in detail of how

11:52I do this, but what I do is go out to a

11:5415minute time frame. I'm effectively

11:56finding key fair value gaps that I think

11:58price could end up trading into. So you

12:00can see in this circumstance, I'm

12:01already in my position. I want to find

12:03where price is likely to have a

12:05response. And you can see after what led

12:07into this big move up is this fair value

12:09gap right here. So once I saw price

12:11starting to respond off of there, that's

12:13where on my current time frame, I was

12:14like maybe this could drop lower. This

12:16is a beautiful trade so far to be able

12:17to lock in profits. You can see that's

12:19exactly where price responded off of

12:21temporarily. Again, just so that you

12:22guys can see, this is me executing the

12:24trade in real time. Took my entry,

12:26stop-loss, trading down at this

12:28consolidation. I took the trade off. All

12:29right, so the next trade that I took was

12:31off of this level. Price was coming

12:33down, contact, contact, contact, failed

12:35to break underneath this low again. We

12:37got an actionable fair value gap in the

12:39bullish direction. So, I took a trade

12:41off of this area. You can see the candle

12:42came perfectly into that area, tried to

12:44flip, but ended up returning bearish. I

12:47didn't have the confluence of

12:48reattempting this trend level, so it

12:49wasn't a perfect trade setup. ended up

12:51coming down and stopping me out for a

12:53full contained loss. Once again, this is

12:55not a perfect going to win every time

12:57strategy. That doesn't exist. What does

12:59exist is allowing winners to run,

13:01keeping your risk contained, and keeping

13:02a uniform structure in approach that you

13:05can once again measure the outcome over

13:07time. So once that failed, I was

13:08watching these lows, seeing where my

13:10consolidations were. I saw that this

13:12area was a high impact sell area. So, I

13:14marked off my zone into this previously

13:17important area that flipped, took my

13:18entry, set up my 1 to4. At this point, I

13:21could reduce my risk to break even. And

13:23then price ended up coming up to retest

13:25that area. But because my risk was at

13:27break even, it was a zero loss, zero

13:29win. So, if it continued to move in my

13:31direction, great. The fact that it

13:32didn't, okay, I had no win, no loss.

13:34Onto the next trade. So, I let the

13:36market develop a little bit further. I

13:38identified this key area. Price retested

13:41the opposite level of here into this key

13:43area. I took my entry here. Price

13:44continued up. Hit my 1 to4. Another

13:47beautiful trade. So, so far I had my

13:49plus 7R. I had my loss here. Break even

13:52here. Plus 4R here. So, by 4:00 at the

13:55end of the day, I've been able to net

13:57out 10 risk factors. If I was risking

13:59$100 per trade, this would be the

14:01outcome of just one good trading

14:02session. Now, of course, there's going

14:04to be days where you find no setups or

14:06basically it's just all losses. That is

14:08all part of the trading game which can

14:10throw a lot of people off the beaten

14:11trail because people don't understand

14:13the significance of testing things over

14:15time which allowed us to actually build

14:17based off of data our own custom

14:20indicator which can actually give us

14:22direct signals on key opportunities. You

14:24can see I have this diamond here. This

14:26is the exact entry for the day. I see a

14:28diamond. I take the trade. That's the

14:29big R trade of the day. On the previous

14:32MEES example, you can see we have our

14:34long indicator here. first trade

14:36opportunity full winner. So studying the

14:38data can add what are called confluences

14:40which can give you higher conviction of

14:42the area. This is all stuff that we're

14:44working on on the private side of our

14:45trading team. Just so that you

14:46understand what I mean by the data

14:48findings. When we were first designing

14:50this model, this is the 3month

14:52technically 303 trade data back test

14:54where we actually went through all of

14:56these signals, managed the trade exactly

14:59how we said, which gave us an indication

15:01that even though we have back and forth

15:03up and down slightly, this was a

15:04positive equity curve over time. Now,

15:06this is a model. Everything is going to

15:08look better theoretically and then as

15:10implementation in real life actually

15:12happens, the result is obviously going

15:13to be less glamorous. You can see there

15:15was a significant amount of losses. The

15:17data showed us that this was about a 36%

15:19win rate, which is showing us that

15:21effectively 64% of the trades that we're

15:23taking are statistically likely to be

15:25losers. And just to be clear, this

15:26doesn't indicate the expected

15:28performance. This is just a model for us

15:30to understand how this is going to look

15:32over time and if it's worth pursuing

15:33with consistency and risk management.

15:35But this is exactly what led us to have

15:37conviction in this model to actually

15:39take it to the next stages of testing it

15:41in real time, which as professional

15:42traders saves us a ton of time because

15:44we're not executing guessing hoping that

15:46something works long term. We can

15:48actually look at models to give us a

15:50good starting point. If you want this

15:51930 open marker as well as a bunch of

15:54other tools and resources, follow me on

15:55Instagram, DM me the word tools, and

15:57I'll send it over to you. You can kind

15:58of get started from there. If you want

16:00to watch another helpful video where I

16:01explain the higher time frame targets,

16:04I'll put it here. You can check out this

16:05playlist to watch me trading in real

16:07time. If you're still here, make sure

16:08you hit the like button, subscribe to

16:09the channel if you want to know when I

16:10put other videos out. If you want to see

16:12a video on the higher time frame

16:14targets, I'll put it right here. You can

16:16check out our team right here. But until

16:17next time, I will see you all in the

16:19next

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