【Column】Frequently Asked Questions (Updated as needed)
Good job! This is Tomizaki from the Trading Office.
We have started a recruitment on Gogojan here.
“Ultra-short-term Trade Skills” using tick charts
● “1-minute Scalping Club”
Regarding
I would like to share some of the frequently asked questions we have received so far.
■□ “1-minute Scalping Club”
■□https://www.gogojungle.co.jp/tools/ebooks/54826
Now, here we go!
Q: How much is the risk-reward?
A: Since we place tight stop losses (average about 3 pips), the ratio improves accordingly, so it tends to be around 1:2 to 1:3.
Q: What about the win rate?
A: As noted above, because we place tight stop losses (average about 3 pips), the win rate is not particularly high and tends to converge around 60%–70%.
Q: Do you display the tick chart on MT4?
A: The chart software that displays a tick chart is not MT4 or MT5, but the method is explained in detail in the content. Of course, it is a charting tool that you can use for free.
Q: Are there limited FX brokers where this can be practiced?
A: We trade by timing using the displayed tick chart, but you can place actual orders using the trading platform of any broker you are familiar with. In this sense, there are no restrictions on which FX brokers you can use.
Q: Is multi-time-frame analysis necessary?
A: If you classify the “Tick Chart (60 ticks)” as the 1-minute time frame, the question is whether you look at 5-minute, 15-minute, 30-minute, 1-hour charts, etc. However, that is not necessary. Trading can be completed with just the “Tick Chart (60 ticks).”
Q: Do I need to stay glued to a long-duration chart?
A: Since this is part of the know-how, I’m sorry I can’t go into too much detail, but we discuss the timing when entry opportunities occur within the content, so you start looking at the chart a little before that. Therefore, you do not need to stay glued to the chart for long periods.
Q: I’m a office worker. Is practical trading possible?
A: The main focus of this “Ultra-short-term Trade Skill” is that there are times when you can make large profits around the London open, but it mostly runs from late London time to New York time. Therefore, if you can catch the first U.S. data release (usually 21:30 in daylight saving time / 22:30 in standard time), you can achieve results without disadvantage. After the first U.S. data release, around 5 similar trades per day at roughly the same points are repeated every day. The strength is that you can turn trading into a routine.
Also, in reality, our company narrows the time frame for trading quite a bit. It can be said to be efficiency-focused trading.
If you feel the number of trades is a little unsatisfactory, try increasing the time you monitor the chart. From after the London open to the early New York session (around around midnight), there are about 10 opportunities.
Q: I think individual differences exist, but can anyone become profitable with practice?
A: Yes, that is our intention with this “1-minute Scalping Club.” This trading method has been refined to be as simple as possible, so you just need to practice it as instructed.
These are the common questions we receive from everyone.
Please use this as a参考.
If you are interested in this “Ultra-short-term Trade Skill,” I will confidently guide you into the world of 1-minute scalp trading.
■□https://www.gogojungle.co.jp/tools/ebooks/54826
Thank you for your time.
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■□ Trading Office - Profile Page
■□https://www.gogojungle.co.jp/users/111390