PRICE ACTION

SCALPING
IN
2021
A simplified and profitable trading strategy
without lagging indicators!

This document can be shared feely.

But may not be edited!

@2021, Lekaota laKolo

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 Foreword:

First and foremost, I am not a writer, but a trader.

As a result, this is not a book, but just a guide.

The purpose of writing this guide is not to sell, but to assist

those who are struggling. If someone sells it to you, then
I honestly don’t have your blood on my hands. Don’t try to
contact me. I am the unknown in the unknown world.

I am not a guru in Forex trading, but I have certainly

stopped losing money. Please, clearly understand: There is
a difference between losing money and losing trades. I am
still losing trades, but I am no longer losing money.

“I turned around my fortunes in trading using this

very same strategy.”

It is easy to understand, hence easy to implement.

Unfortunately, I use it on a computer. Good luck if you can

be able to use it on phone/tablet. I tried but failed!

@2021, Lekaota laKolo

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 Finally, what you do after reading this guide determines
the type of trader you are:

i) Dr. Success: A type of trader that learns a new

strategy and implements it. Fails several times,
reflects back and try again, until success.

ii) Dr. Failure: A type of trader that learns a new

strategy but does nothing afterwards.

iii) Dr. Something: A type of trader that learns new

strategy, tries it once or twice. Then moves on to
the next book/document/video and then does the
same thing over an over. This trader learns forever.

Where do you fall? You don’t have to know or decide, but

your actions are the ones that determines the kind of
trader you are….

Let me stop boring you, but move on to what I want to

share with you….

@2021, Lekaota laKolo

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 The Price Action Scalping Strategy Overview:

In this strategy, we are going to use the metatrader

platform, MT4 and/or MT5.

We shall trade using 4 screens.

This method gives consistent profits when applied with

proper risk management.

This scalping method is universal. It can be used in any

market (including the famous Deriv Synthetic Indices).

It can also be used for very short-term scalping trading

sessions or over the day trading sessions.

As earlier indicated, the system uses 4-screen setup.

We use M5, M15, M30, and H1 timeframes on MT4/5.

It also provides you with protective stop orders, including

but not limited to trailing stop, stop loss (SL) as well as
take profit (TP) levels.

We shall mostly be using EUR/USD for most of our examples,

unless otherwise stated.

@2021, Lekaota laKolo

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 Assumptions:

We will try by all means to simply the process as much as

possible, but we will not go into DETAILS of some concepts,
unless it is absolutely necessary.

As such, this guide assumes that:

… you already have some familiarity with trading concepts,

as well as basic trading on MT4/5 platform (referred to as
just platform going forward):

... you already know how to install and start the platform.

… you already know how to add multiple windows on one

single instance of the platform.

… you already know how to set timeframes on a platform.

… you already have basic understanding of candlesticks.

Now, let’s begin…

@2021, Lekaota laKolo

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SCREEN CONFIGURATION:

On your trading platform, add 4 screens of an asset

(EURUSD)…

Set timeframes as follows:

- Screen 1 = H1
- Screen 2 = M30
- Screen 3 = M15
- Screen 4 = M5

See the picture below:

Screen 1 Screen 2

Screen 4

Screen 3

Figure 1

After adding the screens, your configuration should look

something like Figure 1 above.

@2021, Lekaota laKolo

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 HANG-ON A BIT, LET’S RELAX
& TAKE A SHORT BREAK!

I am sure you are here because you want to make

money, right!?

Check the video below to see how best you can

increase your profitability while you also learn:

<< CLICK HERE TO WATCH THIS VIDEO>>

It might just be a turning point for

your trading journey.

<<JUST CLICK HERE TO WATCH THE VIDEO>>>

@2021, Lekaota laKolo

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Let’s get back to work. Where were we….. oh yes, at the
heart of of our strategy… let’s do it>>>!!

THE STRATEGY IN ACTION

This system will give you at least one signal per hour.

If you need more signals, you may analyze more than 1 pair.
However, it is good trading practice to select specific pairs
that you will only trade, and make sure you just use them
every day. You will master their daily behavior, thus even
getting more edge.

You only need to check signals just before every hour.

For consistency, you may set your stopwatch to alert you 1

to 10 minutes before each hour. You will decide what works
best for you.

When to BUY (BUY Signal):

1) Wait for the current H1 candlestick to close/complete.

2) If all candles in all screens (H1, M30, M15, M5) close

bullish (i.e. BLUE on our figure 1 above), then….

3) Wait for price to move another 3 to 5 PIPS above

previous close.

4) This is a BUY Signal. Don’t hesitate: Instantly enter a

BUY position.

IT IS VERY IMPORTANT THAT YOU WAIT FOR THE PRICE TO

MOVE 3 to 5 PIPS FOR THE CURRENT CANDLE(S). IF IT DOES
NOT, THEN ‘DO NOT ENTER A TRADE’. WAIT FOR THE NEXT
HOUR OR CHECK OTHER PAIRS:

@2021, Lekaota laKolo

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 Here is a simplified explanation:

Assume that…

1. on H1 chart - a 11:00 candle closed blue at 12:00.

2. on M30 chart – a 11:30 candle closed blue at 12:00
3. on M15 chart – a 11:45 candle closed blue at 12:00
4. on M5 chart – a 11:55 candle closed blue at 12:00
5. if the price goes another 3 to 5 pips on the current
candlestick(s) then
6. jackpot! Don’t hesitate! Enter a BUY trade.

Short Ad break….

PS NOTE:
If you would like to continue getting more
value while learning and practicing this
strategy, check the video in the link below:

<<<Click here to watch the video>>>

@2021, Lekaota laKolo

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 When to SELL (SELL Signal):

A sell signal is a replication of the BUY signal, but in reverse:

In the name of simplicity, let’s dive into the definition:

1) Wait for the current H1 candlestick to close/complete.

2) If all candles in all screens (H1, M30, M15, M5) close

bearish (i.e. RED on our figure 1 above), then….

3) Wait for price to move another 3 to 5 PIPS below

previous close.

4) This is a SELL Signal. Don’t hesitate: Instantly enter a

SELL position.

IT IS VERY IMPORTANT THAT YOU WAIT FOR THE PRICE TO

MOVE 3 to 5 PIPS FOR THE CURRENT CANDLE(S). IF IT DOES
NOT, THEN ‘DO NOT ENTER A TRADE’. WAIT FOR THE NEXT
HOUR OR CHECK OTHER PAIRS:

@2021, Lekaota laKolo

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 Here is a simplified explanation:

Assume that…

7. on H1 chart - a 11:00 candle closed RED at 12:00.

8. on M30 chart – a 11:30 candle closed RED at 12:00
9. on M15 chart – a 11:45 candle closed RED at 12:00
10. on M5 chart – a 11:55 candle closed RED at 12:00
11. if the price goes another 3 to 5 pips on the current
candlestick(s) then
12. jackpot! Don’t hesitate! Enter a SELL trade.

HONESTLY SPEAKING, THAT’S IT ABOUT THE

STRATERGY!

I am tempted to go further, but neh! I don’t want to

bombard you with too much information. Hence I am
saying, that’s it! PRACTICE, PRACTICE, PRACTIVE! You can
only get better by the day.

Nonetheless, at the beginning, I told you that the system

includes TP and SL. For the sake of being a good girl, let me
just be brief on what I do.

I must be honest, SL and TP are all dependent on you. You

know how much you want to risk, and how much you want
to gain. These will be determined by your balance and/or
your risk profile.

Let me just briefly tell you WHAT I DO. You will determine
if it is suitable for you or not:

@2021, Lekaota laKolo

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 SL and TP Recommendations:

SL - Recommendation:

Option 1:

Place your stop loss (fixed or trailing), about 2 to 5 PIPS

below(in case of buy) the low of the previous, or above
(in case of a sell) the high of H1 candle.

Option 2:

Place your SL at 20 PIPS below (or above in case of a sell)

your entry. This does not take into consideration, the low
of any candlestick.

Option 3:

Place your SL near the major low/high (at and around

previous support/resistance).

Regardless of the option you take from the 3 options above,

it is strongly recommended that if the price moves about 15
PIPS into your direction (15 PIPS in Profit), move your SL to
break even. Your trade is now risk free.

TP - Recommendation:

This is a scalping trading strategy (please don’t ask me what

scalping is). As a result, you take advantage of short trading
opportunities.

@2021, Lekaota laKolo

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 For this reason, we highly recommend that you put your TP
at level 30 to 50 PIPS. Infect, 30 PIP TP level is highly
recommended!

Conclusion

_______________________________________________
REMEMBER TO CHECK THIS VIDEO FOR EVEN MORE
BETTER OPPORTUNITIES TO IMPROVE YOUR
TRADING EXPERIENCE:

<<Watch the video, click here>>>

_______________________________________________
Now, the conclusion:

There is NO, and I mean NO 100% strategy (otherwise we

would all be billionaires)
This strategy can generate you anything from 70 to 80+%
of success in your trades.

Based on our risk to reward ratio, the 70 to 80% will

certainly change the game for you in trading.

And finally, I know: some of you understand the strategy

(infect, some of you may have already known the
strategy). But the difference between your success and
your failure, is you STARTING.

All I can say to you is that there is no bad strategy. The

problem lies in your mind. Every book that you read
teaches you a specific strategy, but you keep failing, and
reading forever.

@2021, Lekaota laKolo

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Your biggest problem is that you know what to do, but you
simply don’t do what you know! You will not get any
success.

PRACTICE! PRACTICE! PRACTICE!

DO THE SAME THING OVER AND OVER. Then you will pinch
yourself and wonder why you have lost money for so long
in Trading.

Wishing you all the best, and hope 2021 will be the year of
your breakthrough in trading.

HAPPY TRADING

@2021, Lekaota laKolo

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