This week's outlook
Hello.
We will skip the “This Week's Outlook.” With major events ahead such as the U.S. government shutdown and Japan's leadership election, which could significantly move the market, we have decided that it is best not to take positions and to observe for now.
Also, last week’s “Midweek Outlook” was not updated as usual due to factors like the U.S. government shutdown, ADP employment data, and the ISM Non-Manufacturing PMI.
On the other hand, we plan to post “Everyone Loves Dollar-Yen,” which is a paid series article, but you can read up to the free portion for now.
(We expect to post either today or at the latest tomorrow.)
The 503 method can target 100 pips not only in event-driven markets but also in normal times, so I think there is no need to force participation during events. If you enter at your usual entry point, there may be occasions where price briefly goes beyond the target level and then retraces, so it may be prudent to set entry positions and stop-loss widths a bit wider than usual.
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