A lot of traders are scalping
Good morning everyone.
Today is Saturday, a day for verification.
It's a happy day when we can finally take a breather.
Tomorrow is a day for my hobby, surfing, and at this time of year I leave at 4 AM and start entering the water before 6 AM.
I surf even in the coldest winter, so I rarely catch colds.
When I was a university student, I tried surfing for the first time, and my pride, which I had boasted about being athletic in all sports, was shredded, and I awakened to surfing.
It was incredibly difficult.
I could finally ride a shortboard properly about a year after I started going to the sea once a week.
From there it became even harder, I gradually learned various techniques, and it took three years to reach a level that I could say, “Not bad.”
Then I started working, and socializing with golf began, and I sealed away surfing...
There was a gap of a little over ten years, and after becoming independent I started surfing again, but I dropped almost back to the starting level, and I am a revivalist who restarted from near scratch.
Surfing is about dealing with “waves,” and I feel it also parallels the market’s “wave theory.”
Surfing is,
・Paddling to move to the point → In trading, determine whether it is a buy or sell now
・Waiting for waves → Waiting for the candle at the desired breakout point
・Paddling → Preparing to take a position
・Takeoff → Execution
・Riding the wave → Taking a position
・Wave ends → Taking profit or cutting losses
It's a bit of a stretch, but that's how I think about it.
Surfing, too, you can't just ride whenever a wave comes.
Judgments must be made in an instant about ease of ride, how it collapses, the depth of the trough, whether a right or left break is advantageous, etc.
In scalping, it's not simply about pressing a button when a setup occurs.
Advanced scalpers already understand that waiting for the target is your first job, and once you’re in a position, you generally decide where to take profit and where to cut losses before entering.
In particular, scalping is “cutting losses is vital,” so how you cut losses without hesitation and optimize risk-reward is where the real challenge lies.
Anyway, for scalping, please remember that cutting losses is crucial; cutting losses is essential.
Conversely, if you can cut losses properly, you can almost always stay in the positive.
That varies by trader, but once you cross a certain line you know you’ll be in profit.
With this in mind, let’s memorize: “scalp = win by cutting losses.”
Even for me, the following situations happen daily.
One loss after another, then profit taking, then more losses, then profits again, etc.
If you experience three consecutive losses, I think taking a break is also a form of trading.
Sometimes you’re in superb form and can grab 40 P in the morning, but basically I aim to take around 10 P per day when trading.
So it’s common to finish work by the morning.
Next, a term you’ve been hearing a lot lately in messages: “environment recognition.”
I suspect this is written in trading information products, perhaps?
I think so.
This is speculation, but when taking a position, you look at the daily chart, confirm the hourly chart, and if the 5-minute MA is a certain way, you enter on the 1-minute chart—something like that.
There are many ways to express it (sometimes described in terms of currency strength), but the nuance is probably something like this.
This is an old topic too: multi-time-frame analysis, though frankly it’s not very meaningful.
It only gives you a sense of doing something.
I also use six monitors, one notebook, and one iPad, but what I watch is almost entirely the 1-minute and tick charts; I hardly look at anything else. The more charts you have, the easier it is to immediately check which currency pair presents a clean view.
I also have Bloomberg TV on in the background for information gathering from morning onward.
Even with multi-time-frame viewing, you win when you win and lose when you lose.
To put it bluntly, even a 1-minute chart alone can complete scalping, and trading on only the 1-hour chart can also win at times.
In short, whether you win or lose depends on the person; mirroring the successful traders is the fastest way to improve and succeed in trading.
What I provide to everyoneThe Billionaire Trader’s Scalpingcontains all the information you need for trading on a 1-minute chart alone. That alone can complete a trade.
Environment recognition is sufficient with just a single 1-minute chart.
Therefore, if you have a notebook PC, just go to an electronics store, buy one monitor, and connect it.
There’s no need to do anything difficult or waste money.
If you have financial leeway, you can go straight to a cockpit setup from the start.
However, at minimum, please check today’s economic indicators release times and key figure press conference times.
Isn’t this also true in corporate life?
For example,
・A boss who explains complex topics in a way that anyone can understand.
・A boss who talks as if simple matters are difficult.
No matter how you look at it, the latter boss is unable.
With that, I look forward to your continued support.
A genuine, no-cheat method
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Scalping that billionaire traders practice
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https://www.gogojungle.co.jp/tools/indicators/42559
Stress-free irregular hedging (well, you’ll hardly lose)
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https://www.gogojungle.co.jp/tools/ebooks/19435