Yesterday's verification and today's strategy
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Good morning everyone.
As for yesterday's USD/JPY, it reversed at the上下 support/resistance level described in yesterday's article,
and became a trading opportunity.
Tonight's U.S. jobs report and unemployment rate appear to be delayed.
Whether it will move or stay still because of that is unclear, but for now I plan to watch the Bank of Japan Governor Ueda's press conference scheduled for 10 o'clock.
Yesterday's USD/JPY 1-hour chart & 1-minute chart
Last night I took a long from the red □ on the left 1-hour chart and the red □ zone on the 1-minute chart.
I started with 100 lots at the first red circle, the stop-loss zone is the blue horizontal line, and with the second red circle I added another 100 lots, totaling 2 million currency units, aiming for a tentative billion-trader-level goal...
After moving the stop, I ended up gradually closing at the red circle, achieving over 1 million for the first time in a long time and earning a monthly bonus at the start of the month.
Since the downside was close, it was nice to be able to take positions relatively casually, and the W-bottom worked in my favor, causing early upward movement to become the winning factor.
In similar situations, the yellow □ zone also shows a W-bottom, but it doesn't mean everything goes up; there can be immediate declines as well.
Whether the W-bottom is genuine or not is inherently hard to determine, but many standard reference books say to buy at a W-bottom.
That is not the case.
Buying is buying, but you must set where to take the loss, and that defines the buy signal.
Fake traders and fake economists may write meaningless content, but the skill is to see through them and determine if you possess it.
If you read my Investment Navigator, some people will imagine and implement trading methods.
Rather than pondering such things, traders who want to know the method first should
please purchase.
Back to the topic, there was a pullback from the resistance zone drawn in the morning.
Tonight's chart shows a reversal from the support zone, but like me, you don't need to aim for the initial move.
As long as you manage risk and stop losses properly, that's fine.
If you still can't do that or don't understand, follow the Billion-Trader chart's reversal points from the white □ zone and monitor there.
The answers are all hidden there.
Words are hard to explain, but the Billion-Trader chart provides that explanation.
Billion-Trader users should closely monitor the reversal parts of the Billion-Trader chart.
Once you get used to that monitoring framework, you can aim for the initial move like me.
Recently information products have even more provocative headlines.
I think that's wonderful haha
I made a little over 1 million yesterday, but to be frank, earning 1 million every day by staying glued to the chart is easy. Of course, there are reversals, so luck comes into play...
First, you must have a trading method with no variance and that matches the situation.
For my approach of aiming for positions from reversal points, the trading method is almost predetermined.
And another simple way to earn 1 million is
capital.
Whether you have abundant capital or not.
I enter from 100 lots (1 million currency units) to 200 lots at a time.
At most, up to about 1,000 lots will be added via scale-in, so with the current USD/JPY around 148, domestic margin would require about 60 million yen.
Even an elementary student can understand: 1,000 lots equals 10,000 pips worth 100,000 yen per pip.
10 pips equals 1,000,000 yen.
Just 10 pips to earn 1,000,000 yen in profit.
And that is it.
With margin around 100,000, how can you earn 1,000,000 every day?
If you follow the signals on a high-leverage account, is that what happens?
Please tell me haha
Then, suppose you earn 20,000,000 in one month.
Generally, taxes are progressive, right?
Assume you earn 100 million per year.
Even a low-salary office worker would have an income tax and resident tax around 55%, wouldn't it? (Please check the National Tax Agency website)
That would net about 45 million, but are there many people doing this?
No, some even incorporate and manage accounts...
or say fraudulent consulting, but what happened as a result?
I can only think of a magician as being involved.
If you have capital, you can easily make 1 million, and you can just as easily lose 1 million.
Well, those who can do that as a normal thing don't see any problem, but it's foolish for those who can't or have never done it to be scammed into trying.
Information products operate on the balance of supply and demand.
Don't be a target...
Today I see green circle price touches as a trading point
What I, as a trader, recommend are the following three products.
New Billionaire Trader's Scalping: Volume Plus
FX Trading Not Your Ordinary Hedging
Explosion Indicator: Turning into a Winning Trader
That's all.
Thank you for your cooperation today as well.
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