[One Technique] New Century Trader’s Scalping: Volume Plus
The scalping of the hundred-million traders
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Tokyo Stock Exchange Start Trading
For everyone using the Okane Trader scalping, please check the 1-minute chart of Okane Trader.
The bottom Okane Trader line is the buy/sell switching line.
The USD/JPY fell at the start, but then it moved into a range with no clear direction.
At this time, the Okane Trader chart shows a “sell signal illuminated.”
With the rise at the Tokyo noon rate, while watching the red □ two points, after 10 o’clock there was a “buy reversal.”
When the red ☆ candlesticks form a bearish candle and go down, what action you take will determine this position.
Before forming a wick, it is about 3 pips short of the bottom Okane Trader line.
Since it is unclear whether it will touch, take an L position in the blue □ zone (distance to the bottom Okane Trader line is 4 pips).
Consider the volume that will occur from here.
Stop loss is expected to be around 6–7 pips for the total under the bottom Okane Trader line.
If you can take profit in this initial move beyond 14467, it would be a satisfying exit.
Since it is a satisfying moment, even a slightly larger stop loss can be accounted for as a cost.
However, will it rise again...?
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