【“Capable” Scalping Course ④】A promising young trader earns with a “simple” scalping [True]

This is such a scalping method!

① Check the strength of the three major currencies
② Use SMA, Heikin-Ashi, MACD
③ Pre-read the Golden Cross

Table of Contents

1. Start by assessing currency strength!
2. Enter just before the Golden Cross
3. Point ①｜Understand currency strength with Ku-Chart
4. Point ②｜Display 3 SMAs, Heikin-Ashi, and MACD on a 1-minute chart
5. Point ③｜Enter on MACD Golden Cross
6. Point ④｜Collect information on Twitter that helps with quick updates and scalping preparation
7. Trade Example ①｜Two Golden Crosses move in sync
8. Trade Example ②｜Skip one take-profit signal to extend the gain

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※This article is a re-edited version of FX攻略.com November 2018 issue

Shin’s Profile

A part-time trader with 8 years of FX experience. Trades using discretionary trading, Gurgle Train, and a portfolio of EAs. He was scouted by the editor-in-chief at a certain trader gathering; although initially declining due to lack of readiness, he later accepted after gaining confidence and made his debut in this magazine.

twitter：https://twitter.com/shin69000

First, determine currency strength!

Young up-and-coming trader Shin, who actively shares his FX life on Twitter. He approaches trading with a mix of discretionary trading, system trading (Gurgle Train), and EAs, but lately the share of scalping has been rising. This time he explains that scalping method.

As preparation for trading, first check Ku-Chart, a MT4 custom indicator, or the site “CURRENCY STRENGTH.” These show the degree of currency strength, with higher above the 0 line meaning stronger, lower meaning weaker. On MT4 you can compare over a recent month or so, but on the site it’s a simple 1–2 day display. It’s good to use according to the time frame (TPO).

Next, also check each country’s fundamentals. Track the trends in U.S., European, and U.K. monetary policy. Also verify economic strength using the site “World Stock Prices.” With this information, gauge the current power balance among the three major currencies—the dollar, the yen, and the euro—before starting to trade.

Images：World stock prices