2/6 Foreign exchange options, signal delivery results: win
Calm movements in a steady pace
I won at 1:00 PM with a Euro/USD expiry.
There cannot be a market that is volatile all year long;
about 20-30% of the time is trend, and 70-80% is range.
Trading is by rule to take a chance when the conditions are favorable for winning.
If you don’t understand this, you probably won’t be able to win in trading for life.
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Today's results
Expired at 1:00 PM - Euro/Japanese yen? Wait, euro-dollar 1.1410, entered at higher price and won
This week’s record so far: 4 wins, 1 loss
For how to use signals, please see here.
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To win in Forex options, you need at minimum the following knowledge.
Can you fight the market without weapons?
Would you challenge a lion with bare hands?
(Example 1)
Please look at the USD/JPY range chart and state your buy/sell strategy.
Please look at the USD/JPY trend chart and state your buy/sell strategy.
Please look at the USD/JPY flat/sideways chart and state your buy/sell strategy.
(Example 2)
Please answer what preparations you do before trading.
(Example 3)
Please describe the conditons under which USD/JPY is easy to win.
(Example 4)
Please describe the times when USD/JPY is easy to win and when it is hard to win.
(Example 5)
Please describe dates and times when USD/JPY tends to fall.
(Example 6)
Please describe reasons why USD/JPY goes up or down beyond technical analysis.
(Example 7)
The Dow Jones is dropping significantly. What strategy would you formulate?
(Example 8)
Please briefly give three situations where the purchase price of forex options approaches 1000 yen.
(Example 9)
Please briefly give two situations when forex options enter a recovery mode.
There are many other necessary knowledge areas, but
you will likely find it difficult to win without at least the knowledge listed above.
Winning in the market without weapons is nearly impossible.
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