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    Scalping is Fun! 2: Part 2: Practical examples
    Scalping is Fun! 2: Part 2: Practical examples
    Scalping is Fun! 2: Part 2: Practical examples
    Ebook56 pages34 minutes

    Scalping is Fun! 2: Part 2: Practical examples

    By Heikin Ashi Trader

    4.5/5

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    About this ebook

    Scalping is Fun! 2


    Part 2: Practical examples


    Scalping is the fastest way to make money in the stock market. There is hardly another method that can be found that increases a trader’s capital more effectively. I explain why this is so in this four-part series on scalping.


    In this second book, I deepen my setup with many practical examples. You will learn how to interpret Heikin-Ashi charts correctly, when to get into a market and when to get out. Also, you will learn how to combine the setup with important principles of technical analysis.


    This highly effective scalping strategy can be applied in a short time frame; for instance, a 1-minute chart in addition to other higher time frames. You can trade using this universal method in equity indices and in the currency markets. Typical instruments, however, are futures and currencies.


    Table of Contents:


    1. Scalping with Technical Analysis
    2. How do I Interpret Heikin Ashi Charts?
    3. When do I Get In?
    4. When do I Get Out?
    5. Working with Price Objectives
    6. Heikin Ashi Scalping in Practice
    7. Does Technical Analysis Help While Heikin Ashi Scalping?
    A. Support and Resistance
    B. Swing High and Swing Low of the Past Days
    C. The Importance of the Round Number in Forex
    8. How do I Recognize Trend Days?
    9. How do I Scalp Trend Days?
    10. Conclusion


    About the Author:


    Heikin Ashi Trader is the pen name of a trader who lives in Berlin, Germany. He has more than 17 years of experience in daytrading futures, forex trading and swingtrading commodities.

    LanguageEnglish
    PublisherDAO Press
    Release dateOct 9, 2018
    Scalping is Fun! 2: Part 2: Practical examples
    Author

    Heikin Ashi Trader

    ​Heikin Ashi Trader is the pseudonym of a trader who has over 19 years of experience in day trading futures and currencies. He traded for a hedge fund and then went on his own. He specializes in scalping and fast day trading. His scalping book "Scalping Is Fun!" is an international bestseller and has been sold more than 30.000 times. His books have been translated into 11 languages.

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    Reviews for Scalping is Fun! 2

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    26 ratings1 review

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    • 4/5
      A must read for those who want to start scalping. Great read

    Book preview

    Scalping is Fun! 2 - Heikin Ashi Trader

    Scalping is Fun!

    Part 2: Practical Examples

    Heikin Ashi Trader

    Table of Contents

    1. Scalping with Technical Analysis

    2. How Do I Interpret Heikin Ashi Charts?

    3. When Do I Get In?

    4. When Do I Get Out?

    5. Working with Price Objectives

    6. Heikin Ashi Scalping in Practice

    7. Does Technical Analysis Help When Heikin Ashi Scalping?

    8. How Do I Recognize Trend Days?

    9. How do I Scalp Trend-Days?

    10. Conclusion

    More Books by Heikin Ashi Trader

    About the Author:

    Imprint

    1. Scalping with Technical Analysis

    In the first book of this series, Scalping is Fun, I had presented a simple scalping setup that can be applied at any time, regardless of whether the market is in a trend or is passing sideways. This setup is universal and can be applied for any time frame. The second book in the series digs deeper into this basic set-up by presenting a number of typical patterns that come from technical analysis. These patterns are usually easy to understand and effective to use. Even if you are only slightly familiar with technical analysis, you can still apply the examples that are highlighted in this second book.

    This book is a result of many questions that I have received from participants in my webinars and my mentoring program. With this second book, I hope answer these questions. I have been scalping for more than 14 years, but I will never stop learning or stop striving for improvement. That's why, at this point, I would like to thank all these traders for their questions and comments, because they ultimately have given the impetus for this second book.

    This book doesn’t cover the advanced stage of my setup; regardless, I am convinced that you can trade using this simple method without any knowledge of classical technical analysis. Most traders that I know, including myself, began their trading career by studying charts, and this has advantages as well as disadvantages. Technical Analysis can be compared to cartography; the trader learns to interpret past movements and the current situation in the context of the past. You learn, so to speak, to read a map. Where the journey will take you in the future, you still do not know.

    The disadvantage of this method is that, over time, you lose your initial fresh perspective when looking at the charts. At a glance, experienced chartists see striking highs and lows. They spot support and resistance levels and they identify trends, continuation pattern, reversal patterns, etc. With their trained eyes, they have to do this. Just try to look at any chart without seeing these patterns.

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