You can do it too! Profitable Scalping (Total 7 sessions) 【7】 Techniques of a famous trader that you can imitate right away part ② | Reversal scalping that works in range-bound markets

This feature concisely summarizes the essential knowledge and information needed to start the popular trading style known as ultra-short-term trading, commonly called scalping.

In addition, so you can move quickly into practice, we asked professional traders Tomo Hirano and Ketti to share scalping techniques that beginners can reproduce.

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

Table of Contents for this Article

1. Method Overview | Confirm a range on the 1-hour chart and enter on the 5-minute chart
2. Being in a range is the absolute condition for success
3. Mastering two charts with different timeframes
4. The key is setting the SMA to a period of 14
5. Point 1 | What is a moving average?
6. Point 2 | What are Bollinger Bands?
7. Point 3 | How to identify a range market, the most important point
8. Point 4 | Trade using two types: the 1-hour and the 5-minute charts
9. Entry | Buy/Sell at the moment when three conditions are met
10. Exit | Profit-taking conditions are extremely simple
11. Trade Example ① | Ideal pattern for counter-trend trading (EUR/JPY 1-hour chart, 5-minute chart, January 18, 2018)
12. Trade Example ② | Reaches stop-loss line without reversing (USD/JPY 1-hour chart, 5-minute chart, December 27, 2017)
13. Trade Example ③ | Reverses near stop-loss and captures profit (EUR/JPY 1-hour chart, 5-minute chart, January 2, 2018)
14. Trade Example ④ | Stop loss on the third candlestick (USD/JPY 1-hour chart, 5-minute chart, December 18, 2017)

● Character count: 3,402 characters (including headings)
● Images: 11

※ This article is a revised edition of an article from FX攻略.com, April 2018 issue

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

【1】 Pros and cons of scalping as seen through comparisons
【2】 Essential condition for profitable scalping ① | Excellent trading method
【3】 Essential condition for profitable scalping ② | Accounts suitable for scalping
【4】 Essential condition for profitable scalping ③ | Physical ability and judgment
【5】 Essential condition for profitable scalping ④ | PC familiarity and a well-equipped setup
【6】 Ready-to-implement famous traders’ scalping methods ① | A unique trading method using RSI only
【7】 Ready-to-implement famous traders’ scalping methods ② | Range market counter-trading scalping