【Short-Term Strategy (Scalping & Day Trading) Feature ⑩】Analysis by the position of candlesticks and moving averages! Kani-san's short-term method is the classic trend-following pattern (Kani Trader)
【Feature】 Winning and Walking Away with Style!! Short-Term Strategy (Scalping & Day Trading) Feature
・① Why now, short-term strategies—heard from skilled traders!
・② Basic techniques of scalping
・③ Basic techniques of day trading
・④ Indicators advantageous for scalping & day trading!
・⑩ Analyze by candlestick position and moving averages! The crab trader’s short-term method is a classic trend-following pattern (Crab Trader) ←This article ends here
※This article is a reprint/edit of an article from FXe攻略.com December 2020 issue. Be aware that the market information described may differ from current market conditions.
The Crab Trader's method uses moving averages and RSI for trading. It determines trading direction based on the position of the 200-day moving average relative to the candlesticks, and uses RSI to time entries and take-profits. According to Crab, “If you can do this work calmly, you’ll also be able to follow the rules, so it’s recommended.”
Strategy
- Confirm trend direction by whether the candlesticks are above or below the 200-day moving average
Timeframes
- 1-minute chart
- 5-minute chart
Technical
- Moving averages
- RSI (9 or 14)