【“Can” Scalping Course ②】Part-time traders practice “future forecasting” scalping [Dakar]
This is the scalping method like this!
① 1-minute scalping after work
② Foresee the next candlestick!
③ Ride the price movement reversal / continuation wave
Table of Contents
1. Scalping strategy based on market view
2. Foresee the market trend on a 15-minute chart!
3. Point ①｜Dakar-style MT4 basic screen to survey the entire market
4. Point ②｜Confirm the trend on the 4-hour chart, foresee the candlestick on the 15-minute chart
5. Point ③｜The key is to anticipate the next formed candlestick
6. Point ④｜Patterns that tended to appear during reversals or continuations (July–August)
7. Trade example｜A total of about 50 pips captured on a pullback selling in a downtrend
● Character count: 2003 characters (including headings)
● Images: 10
※ This article is a re-edited version of an article from FX攻略.com November 2018 issue
Profile of Dakar (Dakāru)
Joined the foreign exchange team of an export company for 11 years. Daily USD/JPY spot trading during the official bid/offer fixing (the so-called real demand players). A part-time FX trader who uses market environment recognition as a weapon and is a scalper. Graduated from Waseda University. Likes coffee (^_^)
Official site：FX blog of Dakar, who handles FX for a major company
twitter：https://twitter.com/111coffeebreak
Scalping strategy based on market view
Dakar works as a salaryman by day and earns with scalping at night as a side business. Many people may have seen him active on Twitter and various media.
Dakar says that what matters in scalping is environmental recognition. While many imagine scalping centers on the 1-minute or 5-minute charts, Dakar emphasizes environmental recognition using weekly, 4-hour, and 15-minute timeframes. Specifically, as shown in Point ①, he arranges eight currency pairs and three timeframes in MT4 so that correlations between currencies are understandable at a glance. Based on the market view obtained through this environmental recognition, he decides which currency pairs and strategies to target.
Dakar’s scalping techniques include a variety of tools, and he aims to respond optimally to瞬間 changes in the market. In other words, it is not standardized; it is adaptable and versatile. Here, from among those tools, he shares a simple idea that can form the core of scalping.
