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USDJPY: Likely reversal

True, that is what I meant. However, I only take such risks after a major win. For instance, where I come across a perfect pattern and I achieve 6% ROI,I can afford to take some risk in the next trade

@PPC you are too imaginative, and that is not good for a trader. Refer to the available evidence from my "holy grail scalping strategy" I mean quote from my performance.

USDCAD I will blame myself for reducing holding time from 2 hours to 1 hour

there is soothing else you have missed. It comes down to risk. In good patterns, you can take on higher risk and aim to earn double what you were risking. Otherwise, you should just risk 2%, as was the case here, and target a 1% return on investment (ROI)."

closed my trade

see the outcome

holding time should be 1 hour

One of those price action patterns that are not good at all. But I will trade it anyway price: 1.3740 sl 1.3730 Minimal risk holding time 2 hours

NZDCAD 1 hour chart. The anticipated sudden movement never happened. No loss since price is above entry point. Next trade probably tomorrow

NZD/CAD is lacking two essential parameters: X-axis and Y-axis. Nevertheless, I'm still trading it, price 0.8006 with a stop-loss (sl) set at 0.80016. My holding time is strictly one hour. Minimal risk.

search "mql5 haron kagathi Forexer Guru MarchFX" on myfxbook after I post my first trade. Currently myfxbook link is inactive.

to see my performance after the first trade see below

GBPJPY: When I say 1 hour holding time, this is what I mean.

I am not scalping GBPJPY

price action Y axis analysis shows not good opportunity to scalp price action

I will exercise caution in my trading decisions involving JPY, considering its high volatility

I trade all major currency pairs, all minor currency pairs, and three exotic currencies (NOK, SGD, and SEK).

The Y-axis and X-axis components can be quite challenging to grasp, while Price Action is the most straightforward. I'll be able to illustrate this with real-life examples

I am the original poster of this thread: https://www.elitetrader.com/et/threads/a-holy-grail-scalping-strategy.376500/ I believe its now time to publish performance of what I call marketmover trading method. My approach involves monitoring the actions of the key market participants and making...