Episode 5: Practical Techniques of Scalping [Forex Demon]
As a scalping specialist, the Forex Oni is lecturing us from basics to advanced techniques in this project. Following the previous basic rule explanations, this time we will detail practical techniques.
Table of contents for the 5th session
1. More advanced scalping techniques
2. Cautions on entry timing
3. Cases where you should skip entering
4. Grasping price movement patterns without over-reliance on indicators
5. Price action and intuitive trading
Forex Oni (Kawase Oni) Profile
Graduate of Sophia University, Faculty of Foreign Languages, English Department. A former foreign funds trader, then a currency dealer at a securities company, now serving as the representative director of an investment company. Specializes in ultra-short-term scalping that settles within just a few minutes from entry, with hundreds of trades per day. All trading history is公開 on the official blog “FX Scalper Master!” The author of notable books includes “Introduction to FX Scalping by Forex Oni” (Diamond, Inc.).
Official site:FX Scalper Master! Forex Oni
More advanced scalping techniques
Over the past four installments, we have explained from scratch the scalping methods I practice daily for those who want to begin short-term trading. Last time, I explained the basic buying/selling logic of scalping, focusing on entry and exit timing, and what constitutes an edge.
And in this article, I will take the basic rules a step further and introduce several practical techniques.
Content covered in this issue
・Entry techniques considering volatility
・Volatility of USD/JPY
・Role of indicators