MY SCALPING TRADING STYLE

This is my scalping trading style.
I hope it helps you to have better trading.
First of all, I cannot watch the chart 20hr a day.
Cuz I am regular employee 9-5 worker and have wife and kids.
I only check the chart about total 1-2hours a day.
So Please do not follow this rule if your situation is not match.
Also I am always happy when I am trading.
“UKIUKI” means happy happy!!

-BEFORE TRADING-

1, Basic idea when you start scalping, check the country market is closed or the chart is moving as range on your pairs.
Also strong currency pairs is not always high volatility so it might be chance to be scalping.

2, CHART

I am using MT4.
BOLLINGER BAND
EMA 10/21
MACD
ADX

a, check 1H/15min chart to find very short trend
b, check how wide is range in waving time(time to top to next top)
c, check your spread is worth it when you are scalping.
For example: if the spread is 3pip and range is only 10p, your trading range is between 7 pips only, and if you take risk within 7pip range, you might get 1,2 pip each time followed by trend.
If you try to against trend, more risk and that is not worth it.

-TRADING-

a, buy or sell on 1min chart followed only 1H/15min short term trend, do not against them!!
b, keep margin % is over 1000%.
c, hint is how candle move to pass the middle line and see the candle reach to top/bottom line then which way to go.

-COMPARING PAIR-
if I look for usd/jpy, i am comparing gbp/usd,eur/usd,sometime sek/jpy to find how strong the currency to buy/sell then to have better position.
but it is not work well after breaking news so what i do is finding most safe position.
for example,
usd/jpy - short term trend is up
eur/usd - about neutral (lower)
gbp/usd - short term trend is down
if usd/jpy is going up fast, eur/usd and gbp/usd going down fast, i will look for rebound as return to price at started going up.
hint is gbp and eur also usd and jpy are somtime similar movement to other currency.


-TIPS-
Think millions time until you decided
Also Do not think you missed have only a position, another best position will come again!!!

happy trading!!!!