One hundred million traders are scalping

Hello everyone.

The current USDJPY is still alive up to this time from the five-minute line I wrote about at around 9:30 this morning,

and I think it can be considered somewhat clear.

For the billion-dollar traders who are scalping users, it was an easy-to-understand long trade, I think.

Today I would like to write about “verification.”

Until around 2009, I traded the pound-yen on Tokyo-London hours using a 15-minute chart.

The reason I traded on a 15-minute chart for day trading was because the spread for pound-yen was about 7 pips, and I thought that was reasonable.

The entries I mainly preferred were positions from the neckline, and contrarian entries around the W top, W bottom, head and shoulders, and inverted head and shoulders.

In the data, short positions had a higher winning rate, and from the Lehman shock to year-end, I earned profits of about 8 million.

Now, I think it was mostly beginner’s luck and luck.

However, the following year, in 2009, I ended with a loss of a little over 20 million for the year, and I remember thinking that money wouldn’t be enough no matter how much I had, so I went on a web journey to find new methods.

But in the end, that didn’t produce such convenient results, and while trying different things through trial and error,

I came to a broader view that “FX won’t lose if you know where it will reverse,”

and after various twists and turns I ended up with scalping, arriving at the period of the Liberal Democratic Party’s return to power in 2012.

From 2013 I seriously tackled scalping, but for me scalping means I hold positions for up to about 15 minutes.

It’s a 1-minute chart, so that’s 15 bars.

The trading method remains the same: breakout strategy.

There are various ways to take positions with breakout strategies, but among all I did, the one I was most particular about was the breakout method that enters when the line is breached.

Why I was particular is because the situations in which I enter—whether winning or losing—are almost consolidated, so I thought it would be easy.

And I tested only line breaks.

In the big picture, when candles were horizontal, the win rate was poor, and when candles were rising to the right or falling to the right, the win rate was better.

What I want to convey with this verification is that by testing only line breaks with about 100 positions, from the general win rate and the way you lose or win, questions arise such as “therefore you lose,” or “if you did this you wouldn’t lose.”

and then you begin to verify those questions.

There is no perfection in the market, but for a 60-second 1-minute trend, it’s easier to anticipate and more reproducible than a 60-minute wait on a 1-hour chart, I thought.

In this way, even seemingly useless verifications can become fairly nourishing.

But this is my interpretation, and if others verify it, they may come to a different answer.

Even if that answer differs, there is no doubt that it is an essence that contributes to improving break-out scalping skills.

Especially for the scalping users who are million-trader level, please try this verification as a demo when you have time.

What I say and what you observe will remain in your memory if you experience it yourself.

I think it will be useful for future trading, so please give it a try.

Scalping that million-traderists are doing

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https://www.gogojungle.co.jp/tools/indicators/42559

Stress-free irregular hedging (well, you won’t lose much)

Unusual hedging in FX

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https://www.gogojungle.co.jp/tools/ebooks/19435