[Save Edition] Frequently Asked Questions about scalping
Thank you for your hard work! This is Tomizaki from the Trading Office.
We have started accepting applications here at Gogojan
using tick charts for the “Ultra-Short-Term Trading Skill”
● “1-Minute Chart Scalping Club”
Regarding
I would like to share some of the frequently asked questions we have received so far.
■□ “1-Minute Chart Scalping Club”
■□https://www.gogojungle.co.jp/tools/ebooks/54826
And, before that, a look at a recent sequence of trades using the “Ultra-Short-Term Trading Skill.”
In this day’s trades, although I inserted tight stop losses, I was able to make substantial gains where possible, and overall I think my play was fairly decent, so I’d like you to take a look.
All charts are in USD/JPY.
※For existing users' profit protection, the chart shows hidden areas where the price action tendencies are visible. Please understand this.
Well then, on this day, I was able to earn about +560,000 yen in profit.
Of course, I am not just showing the winning moments; I am showing the entire sequence of trades.
However, the profit and loss itself comes naturally later, and what I want to emphasize here is that you can execute profit-taking and stop-loss exits in a non-discretionary manner—the exit of the trades.
We have quite a strict set of rules.
Even while placing tight stops, the ability to let profits run comes from simply following the rules.
I would like to share the commonly asked questions we have received so far.
Now, here we go!
Q: What is the risk-reward ratio?
A: Since I place tight stops (about 3 pips on average), the ratio improves, resulting in about 1:2 to 1:3.
Q: What is the win rate?
A: As mentioned above, because I place tight stops (about 3 pips on average), the win rate isn’t particularly high and typically settles around 60%–70%.
Q: Do you display tick charts on MT4?
A: The chart software that displays tick charts is not MT4 or MT5, but the method is explained in detail within the content. It is a charting software that is free to use.
Q: Are there only limited FX brokers where this can be practiced?
A: We take trades based on the displayed tick charts at timing, but you can place real orders using any broker’s trading platform you are comfortable with. In this sense, there is no restriction on brokers that can be used in practice.
Q: Is multi-time-frame analysis necessary?
A: If you classify the “Tick Chart (60 ticks)” as the 1-minute timeframe, you might wonder whether you should also be looking at 5-minute, 15-minute, 30-minute, and 1-hour charts. That is not necessary. Trading can be completed with the “Tick Chart (60 ticks)” alone.
Q: As a salary worker, is practice feasible?
A: The main window of this “Ultra-Short-Term Trading Skill” is from near the end of the London session to the New York session. Therefore, those who can catch the first US data release (usually 21:30 during daylight saving time / 22:30 standard time) can achieve results without any disadvantage.
Q: There may be individual differences, but can anyone win with practice?
A: Yes, that is indeed the intention behind doing this “1-Minute Chart Scalping Club.” The trading method has been honed to be as simple as possible, so all that remains is to practice according to the method.
These are the questions we often receive from everyone.
Please use this as a reference.
If you are interested in the “Ultra-Short-Term Trading Skill,” I will confidently guide you into the world of 1-minute chart scalping.
■□https://www.gogojungle.co.jp/tools/ebooks/54826
Also, almost every day, I update about the key points of USD/JPY scalping on “Investment Navigator+.” (There are days I don’t participate in the market, so there may be no updates.)
These posts should provide helpful hints on what points I target and what trades I initiate. Please read them as well.
■□ Investment Navigator+: USD/JPY Scalping Section - FX Scalping Research Institute
Thank you for your time.
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■□ Trading Office – Profile Page
■□https://www.gogojungle.co.jp/users/111390