Addendum: A trade that racked up 100 pips in one day with Candle FX
Today, based on trades I actually executed“How I built up 100 pips in one day”I will talk about it.
It’s not a difficult technique. On the contrary, it’s a very simple method.
First, the chart to use is not special tools.
We use a 1-minute or 5-minute chart.
What you should look at is the candlestick movements.
In addition, we check basic indicators: moving averages, MACD, and RSI.
All of these are common, so you can use them in the same way on charts from any FX company.
This isn’t a method that requires special tools.
Before starting to trade, always check the larger time-frame trend as well.
5-minute, 15-minute, 1-hour, and daily charts.
Which direction is the market moving now?
Or is there no big move and it’s range-bound?
After confirming this overall flow, we look for timing on the shorter time frames.
That day, the market was moving relatively a lot.
Days like this increase opportunities.
We enter at the moment the market starts to move,
and exit as soon as we have a profit.
There is no need to aim for large gains in a single trade.
The image is to target a few pips to around ten or so pips.
For example, something like this.
First trade +9 pips.
Next trade +11 pips.
Then +8 pips, +13 pips, +10 pips.
In this way, we accumulate small profits.
Each one isn’t a big number.
But with repeated trades, the profits steadily increase.
On this day as well, we traded only in opportunities like this,
and the total result exceeded 100 pips.
What’s important here is that nothing special was done.
Not flashy trades, but
simply repeating a straightforward judgment.
Find the timing when the market moves,
and secure profits in a short time.
By repeating this flow,
you can steadily build pips.
Many people feel scalping is difficult.
Indeed, it can be confusing at first when you’re not used to it.
However, if you learn the correct method and practice
anyone can gradually understand it.
For example, think back to riding a bicycle.
At first, balancing is hard.
You stumble many times.
But if you keep practicing,
there comes a moment when you can ride naturally.
Scalping is the same.
At first, you may be confused by the chart’s movements.
But with experience,
you’ll see easily enterable points.
As you get used to it,
you’ll naturally feel, “Now is a good time to enter.”
This understanding makes trading very simple.
Enter at times when the market moves.
Close the trade when you have profit without greed.
That’s all.
Of course, you cannot trade all the time.
There are quiet times in the market as well.
When there’s no movement, don’t trade forcibly.
Waiting for opportunities is also important.
If you only trade when price action becomes active,
the results will come naturally.
This scalping approach and concrete steps are explained more in detail in the manual.
First, please start with a demo trade.
As you actually practice,
you can grasp the feel even in a short time.
With a simple chart,
repeat simple judgments.
That alone will greatly change your trading.
■CandleFX A scalping method to consistently take +5 to +15 pips, with 20–50 trades per day!
https://www.gogojungle.co.jp/tools/ebooks/75590