3/21 Foreign exchange options, signal delivery results: win
In relatively calm market movements
we won with the 11:00 expiration and the 13:00 expiration in USD/JPY.
I’m trading by scalping.
Depending on the development, I may continue scalping for a while.
There is no such thing as a year with constant high volatility,
the market is 20-30% trending and 70-80% in a range.
The rule of trading is to take a chance when the conditions are favorable for winning.
If you don’t understand this, you will likely never win in trading.
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Today's results
11:00 expiration, USD/JPY, entry at 110.74 high, won
13:00 expiration, USD/JPY, entry at 110.74 high, won
This week's results up to now: 8 wins, 0 losses
Please see the usage of signals here: here
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To win with Forex options, you need at a minimum the following knowledge.
Can you trade in the market without any weapons?
Would you challenge a lion with bare hands?
(Example 1)
Please look at the USD/JPY range chart and state your buying/selling strategy.
Please state your buying/selling strategy after looking at the USD/JPY trend chart.
Please state your buying/selling strategy after looking at the USD/JPY sideways chart.
(Example 2)
Please explain what preparations you would make before trading.
(Example 3)
Please state the conditions that make USD/JPY easy to win.
(Example 4)
Please state the times of day when USD/JPY is easy to win and when it is hard to win.
(Example 5)
Please state the dates and times when USD/JPY tends to fall.
(Example 6)
Please explain reasons why USD/JPY goes up or down that are not technical analysis.
(Example 7)
The Dow is sharply down. Please outline what strategy you would adopt.
(Example 8)
Please briefly provide three situations in which the price of foreign exchange options approaches 1,000 yen.
(Example 9)
Please briefly provide two situations when foreign exchange options are in recovery mode.
There are many other necessary knowledge areas, but
the minimum knowledge listed above is essential to have a good chance of winning.
Winning in the market without any weapons is almost impossible.
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