Episode 4: Contrarian Scalping Method [Currency Demon]

FX攻略.com main article on scalping, which readers find highly popular, started this project with the aim of creating a textbook to study systematically by inviting the “Kawase Oni” (FX Demon). We have conveyed basic knowledge so far, but from this point onward we will finally explain practical techniques.

【The Master Teaches: Not Easy, But Once You Master It, It’s A Lifelong Scalping Skill [FX Oni] (6 sessions in total)】
・Session 1: Pros and Cons of Scalping
・Session 2: How to Start Scalping Well
・Session 3: Basic Scalping Strategies
・Session 4: Counter-Trend Scalping Methods
・Session 5: Practical Scalping Techniques
・Final Session: Secrets to Mastering Scalping

Table of Contents for Session 4

1. Explanation of Kawase Oni-style scalping buy/sell rules
2. What is an edge in buy/sell logic
3. The scalping method Kawase Oni is most skilled at
4. Do not set settlement points solely by your convenience
5. For scalping, stop-loss is a matter of life and death
6. How to use mere information in FX

Kawase Oni Profile

Graduated from Sophia University, Faculty of Foreign Studies, English Department. Former international fund trader and FX dealer at a securities firm; currently CEO of an investment company. Specializes in ultra-short-term scalping where settlements occur within minutes of entry, trading hundreds of times a day. All trading history is published on the official blog “FX Scalping Master!”. Notable work: “Introduction to FX Scalping by Kawase Oni” (Diamond Inc.).

Official site：FX Scalping Master! Kawase Oni

Explanation of Kawase Oni-Style Scalping Buy/Sell Rules

Over the past three sessions, we have explained to those who want to start scalping its appeal, points to watch, and typical buy/sell logics.

Among them, we discussed that scalping basics include contrarian and trend-following methods. By the way, about 80% of my scalping is the contrarian approach, aiming at the retracement after a price overreach.

It's simple to put into words, but turning a profit is not so easy in practice. Specifically, how to identify price overextensions, what timing to enter, and where to set take-profit and stop-loss.

In this article, I will detail the daily trading rules I practice.