[Supplementary Column] Frequently Asked Questions - Shared (Updated as needed)
Thank you for your hard work! This is Tomizaki from the Trading Office.
We have started recruiting here at Gogojan
“Ultra-short-term trading skills” using tick charts
● “1-minute Scalping Club”
Regarding
I would like to share some of the frequently asked questions we have received so far.
■□ “1-minute Scalping Club”
■□https://www.gogojungle.co.jp/tools/ebooks/54826
Now, here we go!
Q What is the risk-reward ratio?
A We use tight stop losses (about 3 pips on average), which improves the ratio, resulting in about 1:2 to 1:3.
Q What is the win rate?
A As mentioned in the previous answer, because we place tight stop losses (about 3 pips on average), the win rate is not particularly high, but settles around 60%–70%.
Q Do I display tick charts in MT4?
A The chart software that displays tick charts is not MT4 or MT5, but the method of setting it up is explained in detail within the content. Of course, it is a charting software that can be used for free.
Q Are there limited FX brokers where this can be practiced?
A While you place trades using the tick chart shown to time your trades, you can use a trading platform of a broker you are comfortable with when placing actual orders. In that sense, there are no restrictions on practical FX brokers.
Q Is multi-time-frame analysis required?
A If you classify the “tick chart (60 ticks)” as the 1-minute time frame, the question is whether you are looking at 5-minute, 15-minute, 30-minute, or hourly charts, but that is not necessary. Trading can be completed with only the “tick chart (60 ticks).”
Q Is it necessary to stare at long-timeframe charts for long periods?
A 一 part of the know-how, I’m sorry I can’t go into too much detail, but we describe the entry opportunities in advance within the content, so you start watching the charts a little before those moments. Therefore, there is no need to stay glued to charts for long periods.
Q I am a salaried worker; is this practical?
A The main feature of this “Ultra-short-term Trading Skill” is that it can sometimes yield large gains around the London open, but it is mostly from the end of the London session into the New York session. Therefore, those who can catch the first US data release (usually 21:30 in daylight saving time / 22:30 in standard time) can achieve comparable results. After the first US data release, there are about five trades per day, repeating similarly at roughly the same points each day. This makes trading a routine a strong point.
Also, in reality, our company narrows the time windows quite a bit for trading. It is efficiency-oriented trading.
If you feel the number of trades is a bit unsatisfying, try increasing the time you monitor the charts. From after the London open to the early New York hours (up to around around midnight), you will have about 10 opportunities.
Q There are individual differences, but can anyone learn to win with practice?
A Yes, that is indeed our intention with this “1-minute Scalping Club.” The trading method has been refined and simplified as much as possible, so once you practice it as instructed, you should be able to perform similarly.
These are the common questions we receive from everyone.
Please use this as a reference.
If you are interested in this “Ultra-short-term Trading Skill,” I will confidently guide you into the world of 1-minute scalping.
■□https://www.gogojungle.co.jp/tools/ebooks/54826
Thank you for your time.
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■□ Trading Office—Profile Page
■□https://www.gogojungle.co.jp/users/111390