【Short-term Strategy (Scalping & Day Trading) Feature ⑨】In a range-bound market, there are many trading opportunities! Short-term contrarian trading method aiming for rebounds at lines (Kenjiro Makabe)
[Feature] Victory by Leaving with a Win!! Short-Term Strategy (Scalping & Day Trading) Feature
・① Why short-term strategies now—heard from skilled traders!
・② Basic techniques of scalping
・③ Basic techniques of day trading
・④ Indicators favorable for scalping & day trading!
・⑨ In ranging markets, trading opportunities are abundant! Short-term counter-trend trading aiming for rebounds at lines (Kenjiro Mabiki) ←This article ends here
※This article is a reprint/edit of FX攻略.com's December 2020 issue. The market information described herein may differ from current market conditions; please note.
From Mr. Mabiki I learned a method: “sell entry at a support line, buy entry at a resistance line,” a simple logic. According to Mabiki, “the key is that if you break, stop out; but if you can finish the trade before breaking, you’re a top trader.” With market-reading skills, accuracy can improve further.
Strategy
- Aim for reversals at the day's support and resistance lines for contrarian entries
Timeframe
Technical
- Support line
- Resistance line