First Candle Rule, Fair Value Gap, Engulfing Candle Strategy

Trade the First Candle Rule with Fair Value Gaps and Engulfing Candles on 1m/5m charts. Identify range breakouts and confirm entries for 3:1 R:R.

Published · Updated · Methodology: SMC

  • Methodology: SMC
  • Content type: strategy
  • Timeframes: 5-minute, 1-minute
  • Markets: Not specified

Indicators used

  • Fair Value Gap
  • Engulfing Candle

Source video

Decoded from: After Trading For 9 Years Here's What Works by Jesse Rogers | Casper Trading — watch the original

Key timestamps:

  • 0:12 - Introduction to 'first candle rule'
  • 0:20 - Defining the trading range
  • 0:25 - Dropping to 1-minute chart and waiting for FVG breakout
  • 0:32 - Pullback to test the FVG
  • 0:36 - Confirmation with engulfing candle
  • 0:40 - Entry, stop-loss, and take-profit rules

Topics

first candle rule · fair value gap · engulfing candle · smc strategy · trading strategy · pine script · 1 minute strategy · 5 minute strategy · day trading strategy · tradingview strategy · price action · smc trading · ict trading

About this strategy page

This trading strategy was decoded by Strategy Decoder's AI from a public YouTube trading video and turned into a structured, reviewable specification. In the interactive app this page shows the full entry and exit logic, risk management settings, the indicators involved with their parameters, AlgoWizard-compatible logic and a Pine Script export ready for TradingView backtesting — plus an automated backtest verdict when one has been computed for this strategy.

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