2/25 Foreign exchange options, signal delivery results: loss, win, win
11 o'clock expiry - Lost on USD/JPY,
but won on 13:00 and 15:00 expiries.
Signals: Mondays have a low win rate,
so it’s better to skip or reduce the position on Mondays.
Lately I’ve been exiting through scalping.
Depending on the market setup, I may scalp for a while.
Markets are never extremely volatile all year round;
about 20-30% are trends, 70-80% are ranging.
Trading is about taking a chance when the favorable conditions align.
If you don’t understand this, you will likely never win in trading.
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Today’s results
11:00 expiry - USD/JPY entry around 110.70, loss
13:00 expiry - USD/JPY entry around 110.80, win
15:00 expiry - USD/JPY entry around 110.60, win
This week’s results so far: 2 wins, 1 loss
For how to use signals, please see here here.
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To win with forex options, you need at least the following knowledge.
Can you trade the market without tools?
Would you challenge a lion bare-handed?
(Example 1)
Please look at the USD/JPY range chart and provide buy/sell strategies.
Please look at the USD/JPY trend chart and provide buy/sell strategies.
Please look at the USD/JPY side-to-side chart and provide buy/sell strategies.
(Example 2)
Please describe what to prepare before trading.
(Example 3)
Please describe the conditions that make USD/JPY easy to win.
(Example 4)
Please describe the times of day when USD/JPY is easy to win and when it is hard.
(Example 5)
Please describe the dates and times when USD/JPY tends to fall.
(Example 6)
Please explain reasons why USD/JPY goes up or down aside from technical analysis.
(Example 7)
The Dow Jones is dropping sharply. Please outline a strategy.
(Example 8)
Please briefly list three situations where the price of forex options approaches 1000 yen.
(Example 9)
Please briefly list two situations when forex options enter a recovery mode.
There are many other necessary knowledge areas, but
the minimum knowledge listed above is essential to win.
Winning in the market without a weapon is almost impossible.
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