Youtube Video

Summary published at 9/29/2024

📈 Last week, I interviewed one of Japan's most successful Forex Traders, who shared the secrets to scalping. He is a 15-time funded professional prop trader and typically takes only 1 to 2 trades per day.

💡 The key takeaway is to trade the right pairs at the right times. This trader focuses on two assets: gold and GBP/JPY. He emphasizes trading during periods of high volatility, particularly during the London and New York sessions.

🕒 The ideal trading times are when both the London and New York sessions overlap, as this is when the market experiences the most volume and volatility. Avoid trading during the Asian session due to low activity.

📊 Use higher time frames (like the Daily or 4-hour) to determine market direction before scalping on lower time frames. This helps in identifying whether to look for buys or sells.

🔍 The trader waits for the London open to analyze the Asian session range and looks for breakout or fakeout patterns. He often uses a 1:1 or 1:2 risk-to-reward ratio, risking about 1% to gain 1% or 2%.

⚖️ A crucial strategy is to limit daily losses to 3%. If this limit is reached, he stops trading for the day to maintain a clear mindset for the next day.

🎥 For more insights, check out the video where Yuya explains his scalping strategy in detail.

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