The 4th Round: Contrarian Scalping Method [FX Demon]

FX攻略.com readers' favorites on scalping—this企画 started with inviting Onikami to learn systematically, and until now we have shared basic knowledge, but from this point on we will finally explain practical techniques.

Table of Contents for the 4th Episode

1. Explain the currency-oni-style scalping buying and selling rules
2. What is an edge in trading logic?
3. The scalping method that Onikami is most proficient at
4. Do not decide your settlement points at your own convenience
5. Scalping’s life is in its stop losses
6. How to utilize mere information in FX

Onikami (Kawase-oni) Profile

Graduated from the English Department, Faculty of Liberal Arts, Sophia University. Former foreign fund trader, former currency dealer at a securities firm; currently serves as representative director of an investment company. Specializes in ultra-short-term scalping that settles in just a few minutes from entry, executing hundreds of trades in a day. All trading history is published on the official blog “FX Scalping Master!”. Notable publication: “Introduction to FX Scalping by Onikami” (Diamond, Inc.).

Official site：FX Scalping Master! Onikami

Explain the Currency Oni Style Scalping Buying and Selling Rules

Over the past three episodes, we have targeted those who are new to scalping, explaining its appeal, points to watch out for, and typical buying/selling logics.

Among them, we explained that scalping basics include contrarian and trend-following logics. By the way, about 80% of my scalping is contrarian, aiming for a rebound after prices move too far.

In words it sounds simple, but achieving real profit is not easy. Specifically, how to spot overextensions in price movement, when to enter, and where to take profits or cut losses.

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