[Week 2] Serious Trading Battle!

Thank you for your hard work.

This is Nobushi.

I was writing this article just a moment ago, but due to a mishap everything got deleted, lol.

Today is the second time I'm posting...

Backups are important...

Now, the trading battle project started on February 1st, but

this week, I didn’t really get manytrading opportunities.

My main job was busy, so there was little time to look at charts, but

it also seemed there were few entry opportunities to begin with.

Therefore, this week ended up being a low-entry, profit-focused trading week.

As it’s called a battle, I suppose I should pursue profits, but

I’m doing this with the hope it can be helpful for those who have other jobs as well,

so I’ll aim for a style that takes precise profits with fewer trades.

Let’s keep at it steadily!

Now, let’s quickly review this week’s profit and loss!

Number of trades: 3

Earned pips: about 47 pips

Net profit: ¥25,271

That’s how it stands.

It’s quite a disappointing number of trades, but for now there hasn’t been a stop loss during the trading battle period.Unfortunately, however, I hope to stop losses properly when the time comes according to the rules.

Of course, it’s just luck, so I’ll try to adhere to the rules when appropriate.

That said, the one positive point is that my win rate has stayed relatively high up to now.

In such a market, scalping or swing trading might be good, but

if you can’t secure time to look at the charts, it’s hard to do that...

That’s the tough part of working while others.

Let’s switch gears!

Now let’s review this week’s trades!

First, the midweek USD/JPY on the 1-hour chart

In this kind of situation

I’ll add a little explanation.

When I opened the chart after getting home from work, the downtrend signal was lit.

Just before the signal, there was a clean uptrend,

it was exactly when the 5th wave had ended.

The 5th wave is a well-known wave in Elliott wave theory.

If we assume the 5th wave ended,the reliability of the downside trade signal is high,

at the appropriate pointI waited for a pullback and entered.

“At the appropriate point” is clearly stated in the indicator manual, so I won’t go into it here.

After that, it took a little time, but it declined as expected.

The profit margin was 20 pips, but you could have held for longer.

When aiming for a higher win rate, you tend to exit earlier, don’t you?

We must keep sharpening the skill to extend profits where possible!

This time I used Elliott wave movement as one basis of reasoning,

but I treat it as only a reference.

Honestly, no one knows which wave is the 3rd or not.

But it's okay to hypothesize and use it as “if this is the 3rd wave, then…”

Let’s also consider what would happen if it’s different.

Elliott wave theory often says to target the 3rd wave, but

I trade for trend reversals,

so I target when the 5th wave seems to have ended.

In cases like this where the 5th wave ends and a signal lights up, it’s a strong basis

for both high win rate and high profit, so please take it as reference!

About once a week, I feel such a scenario appears.

By the way, the rising trend I described earlier forms a clean 5-wave pattern and shows a nice trend, but

even right before that trend appeared,the buy signal was also clearly present, I’d be happy if you notice that, lol

Well, if I’m busy and can’t enter, it’s like a pie in the sky...

There’s no point in dwelling on hindsight, so I’ll try again next week!

This week I’ll be focusing on a holiday verification as a consolation prize!

I would be happy if you could support the trading battle project!

Support messagesand so on, thank you as always!!

In the meantime, what do you all aim for as a monthly return percentage?Percent per monthwhat are your targets?

Please share your ideal value, too ^^

[Addendum]

There is a flood of inquiries about indicators,

but we are currently not selling them.

The reason is that among purchasers there were people who did not follow the rules and caused trouble for others.

All items are prohibited from resale.

We are considering how to respond, but currently we plan to distribute only to people we usually know.

Thank you for your understanding.

Nobushi Twitter：https://twitter.com/nobushi_fx

Nobushi Blog：https://nobushi-fx.hatenablog.jp/