$TRUTH $LUNA2 $AIOT I’m a new trader. For the past 6 months, I’ve been focusing only on scalping and using this concept, with an accuracy of around 60%.
I limit my price range to the 24-hour high and low, and I set alerts when price reaches the upper green zone or the lower green zone. From these areas, I look for price bounces. My focus is simple: take advantage of every moment, no matter how small.
The indicators I use are Volume (VOL), Moving Average (MA), and Stochastic.
RSI is important, but in my experience it’s not always accurate, which is why I prefer Stochastic RSI, as it gives signals derived directly from RSI itself.
For profit management:
1. First take profit is at the mid-area,
2. Second take profit is at the box boundary,
3. Stop loss is placed slightly outside the green box.
This is my daily method for making profits. Sometimes, when we stay patient, the market gives us a bonus price breaks out of the green box and delivers extra profit. That’s the beauty of scalping: we ask for a little, but often receive more than expected.
Of course, this is not the only strategy I use. There are many other approaches, such as momentum trading and double profit setups (going long and short consecutively). But here, I’m only sharing the method above.
My goal is simply to share my personal experience from the past few months. I know there’s still a lot for me to learn, which is why I often post here to learn together, identify my mistakes, and improve.
Disclaimer:
I’m only sharing my personal experience. This is not financial advice or trading recommendations.
