You can do it too! Profitable Scalping (All 7 sessions)【6】A readily imitatable famous trader's scalping method ①｜A unique trading approach that uses only RSI for buying and selling

In this feature, we succinctly summarize the fundamental knowledge and information necessary to start the highly popular trading style known as ultra-short-term trading, commonly called scalping.

To help you move quickly into practice, we asked professional traders Tomoji Hirano and Ketti to share scalping techniques that beginners can reproduce.

If you have even a slight interest in scalping, please refer to this article.

Table of Contents for this Article

1. Overview of the Method — Display RSI “3” on two charts, long and short
2. Using a 3-period RSI to identify rebounds
3. Mixing two timeframes
4. It is important to keep the risk-reward ratio constant
5. Point 1 — What are oscillator indicators?
6. Point 2 — How RSI works and its characteristics
7. Point 3 — RSI movement varies greatly with the length of the period
8. Point 4 — Keep loss:profit at a 1:1.5 balance
9. Entry — Focus on whether RSI crosses a benchmark line
10. Exit — Clearly defined profit-taking and stop-loss lines
11. Trading Example ① — Enter and exit for profit immediately! (EURUSD 4-hour and 15-minute charts, January 29, 2018)
12. Trading Example ② — Hit stop-loss within minutes (USDJPY 4-hour and 15-minute charts, December 26, 2017)
13. Trading Example ③ — Successful take-profit on a short position (EURUSD 4-hour and 15-minute charts, January 4, 2018)
14. Trading Example ④ — Entered short but reversed upward, stopping out (EURJPY 4-hour and 15-minute charts, January 18, 2018)

● Characters: 3,649 characters (including headings)
● Images: 11

※ This article is a re-edited version of an article from FX攻略.com, April 2018 issue

Feature “You Can Do It Too! Profitable Scalping” Table of Contents

【1】 Scalping Pros and Cons Visible Through Comparison
【2】 Essential Condition for Profitable Scalping ① — Excellent Trading Method
【3】 Essential Condition for Profitable Scalping ② — A Scalping-Friendly Account
【4】 Essential Condition for Profitable Scalping ③ — Physical Endurance and Judgment
【5】 Essential Condition for Profitable Scalping ④ — PC Proficiency and Upgraded Setup
【6】 Readily Implementable Famous Trader’s Scalping Method ① — A Uniquely Trading Method Based on RSI Alone
【7】 Readily Implementable Famous Trader’s Scalping Method ② — Counter-Trend Scalping That Works in Ranging Markets