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Hello! This is Tejima from GogoJungle.
A hugely popular series: conversations between our CEO Hayakawa and developers!
This time,Kuronekohas joined us.
In the first episode, Mr. Kuroneko kindly offered a special gift exclusively for viewers: a sign indicator for the “Tribonacci Ratio.”
If you haven’t gotten it yet, please watch the first episode as well.
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| Explorer of Price Action |
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Kuroneko
Studied financial engineering at university and began FX trading in 2012.
Evolved from discretionary trading to automated trading, and developed the original indicator “Jou Yellow Wasp” based on price action theory—a highly skilled trader.
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What is the indicator “Jou Yellow Wasp” that captures the essence of pin bars?
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| Today we’ll dive into Kuroneko’s indicator “Jou Yellow Wasp.” Since it uses price action, could you explain it for us? |
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| Gogonyan |
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| Kuroneko |
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| I think the first reaction is, “What exactly is Jou Yellow Wasp?” It’s an indicator inspired by a stinger. It focuses on candlestick shapes, particularly pin bars. |
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| So it analyzes the length of pin bars and the logic generates signals accordingly. |
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| Gogonyan |
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| Kuroneko |
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| That’s right. But there are a lot of pin bars if you just look for them. It’s not a simple mechanism of entering a trade the moment this bar appears. |
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| So there’s a unique logic of yours built in. |
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| Gogonyan |
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| Kuroneko |
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| Exactly. While it’s just part of the trading screen, it firmly captures trades by watching the movement from the bottom to the top. |
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| Having an edge doesn’t guarantee victory, but you build up point by point with pin bars as the core. |
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| Gogonyan |
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The concept of “portfolio management” to enhance your edge
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| In the end, it’s an approach to increase margin through capital control and lot management, correct? |
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| Gogonyan |
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| Kuroneko |
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| It’s important to build a portfolio by combining multiple indicators, not relying on just one. “Jou Yellow Wasp” plays a role as part of that. |
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| Identify market turning points with pin bars. By adding that logic to the portfolio, you increase your edge—that’s the idea. |
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| Gogonyan |
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| Kuroneko |
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Exactly. If you look closely at this page, for example, there’s a pin bar in the leftmost frame—an upper-wick pin bar—so that’s a sell.
You can see that it goes the other way.
This is a losing point, and it’s a bad example of entering just because of a pin bar; “Jou Yellow Wasp” solves this. |
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The product page is also very detailed, and seems rewarding to read for traders who want to understand the logic.
Successful traders do keep studying every day. |
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| Gogonyan |
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| Kuroneko |
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| You’ll see X, Y, Z and such, so it may feel a bit difficult, but I think you can understand it after reading it a few times. I’d like people to read it carefully. |
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| Sharply target market reversals with pin bars |
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Jou Yellow Wasp
Like the sting of a ferocious wasp, it zeroes in and strikes precisely at sharp “pin bars” (spike highs and spike lows)!!!
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The “knowledge” and “power of choice” needed in trading — A message from Mr. Kuroneko
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| Lastly, a message from Mr. Kuroneko, who practices portfolio management. |
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| Gogonyan |
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| Kuroneko |
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| I’ve experienced many failures, and what I felt acutely was a “lack of knowledge.” Especially now, with so much information, it’s vital to develop the ability to discern what’s right for you. |
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| Indeed, being able to choose with confidence leads to strength in trading. |
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| Gogonyan |
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| Kuroneko |
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| Exactly. EAs and indicators aren’t “buy and done”; I want people to keep learning and deepen their understanding. That way, you can build a better portfolio. |
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| Through “Jou Yellow Wasp,” it seems you can develop the ability to read the structure behind the market. |
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| Gogonyan |
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| Kuroneko |
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| I’d be happy if people take their time, look carefully, and use it with conviction. |
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| Episode 2 |
| The Secret of Candlesticks: To capture market reversals, look here on the pin bar! [Kuroneko / Episode 2] |
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| Episode 1 |
| From a 5 million loss to the one book that changed my life [Kuroneko / Episode 1] |
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| Sharply target market reversals with pin bars |
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Jou Yellow Wasp
Like the sting of a ferocious wasp, it zeroes in and strikes precisely at sharp “pin bars” (spike highs and spike lows)!!!
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| An extended Fibonacci sign tool |
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Tribonacci Ratio
Based on the main lines of the extended Fibonacci—Tribonacci Retracement—it enables precise entries and steadily builds profits.
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