The time axis I fight on as my main battlefield [Mayu Takano]
We talked with Mayu Takano, a full-time trader who mainly profits from ultra-short-term scalping. She uses multiple timeframes in her trading; what purposes does that serve?
※This article is a reprint and revised edition of an article from FX攻略.com October 2019. Please note that the market information in the body is different from the current market.
Profile of Mayu Takano
Takano Mayu. In 2007, she became interested in the story of a housewife who evaded taxes with 400 million yen through FX, and she started FX trading. Recently, she left a major telecommunications company where she had worked for over ten years since graduation, to become a full-time trader. A super-active mom who even swam with her child to Cuba during long holidays. Hobbies include swimming, kayaking, and mahjong. The main technical indicator she follows is Bollinger Bands, and her trading is mainly scalping. She also trades binary options and EAs. Her motto is “Going my way.”
Blog:Lifelong Omnivore
Twitter:https://twitter.com/lin122111
settling into scalping after a journey of finding methods
When traders meet, one of the topics that almost invariably comes up is their trading style and the timeframes they monitor. This time I will talk about the timeframes I mainly watch.
I mainly do USDJPY scalping. I arrived at my current scalping approach after several years of what many traders experience—an “ever-searching for a method” journey. At one point I even focused on swing trading.
After I entered a trade, I would place a take-profit limit order and a stop-loss reverse order, so it would close automatically regardless of what happened, but I could not help but be curious about the final result. Even though both the profit and loss were bounded unless a major catastrophe occurred, I wanted to know whether the result would end in a profit or a loss. I would monitor the rate around the clock, checking the trading app on my smartphone in my spare moments, and it became difficult to sleep at night.
