This week's foreign exchange option signal delivery performance (8 wins, 1 loss)
This week, I traded by choosing expiration times that are easy to hit.
'Can I trade after 6 PM too?'
I often receive this question.
Since I am a full-time trader, my trading mainly takes place during the day, but
as long as the market is not swinging up and down,
trading after 6 PM is not a problem.
There is no such thing as a year-round, highly volatile market,
the market is 20-30% trend and 70-80% in a range.
The rule of thumb is to place trades when the conditions are favorable for winning.
If you don’t understand this, you’ll likely never win at trading.
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This Week's Signal Delivery Results
Signal delivery results for March 18
At 1 PM, expiring; USD/JPY entry at 111.48, winner
At 3 PM, expiring; USD/JPY entry at 111.72, winner
Signal delivery results for March 19
At 11 AM, expiring; USD/JPY entry at 111.40, winner
At 1 PM, expiring; USD/JPY entry at 111.42, winner
Signal delivery results for March 20
At 11 AM, expiring; USD/JPY entry at 111.30, winner
At 1 PM, expiring; USD/JPY entry at 111.48, winner
Signal delivery results for March 21
At 11 AM, expiring; USD/JPY entry at 110.74, winner
At 1 PM, expiring; USD/JPY entry at 110.74, winner
Signal delivery results for March 22
At 11 AM, expiring; USD/JPY entry at 110.70, loser
This week's record: 8 wins, 1 loss
For how to use signals, please see here.
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To win with currency option trading, you need at least the following knowledge.
Can you fight in the market without any tools?
Would you challenge a lion bare-handed?
(Example 1)
Please answer with your trading strategies by looking at the USD/JPY range chart.
Please answer with your trading strategies by looking at the USD/JPY trend chart.
Please answer with your trading strategies by looking at the USD/JPY sideways chart.
(Example 2)
Please state what you would prepare before trading.
(Example 3)
Please state the conditions under which USD/JPY is likely to win.
(Example 4)
Please state the times of day when USD/JPY is more likely to win and when it is less likely to win.
(Example 5)
Please state the dates and times when USD/JPY tends to fall.
(Example 6)
Please explain reasons why USD/JPY rises or falls that are not based on technical analysis.
(Example 7)
The Dow Jones Industrial Average is falling sharply. What strategy would you devise?
(Example 8)
Please briefly list three situations in which the price of currency options approaches 1,000 yen.
(Example 9)
Please briefly list two situations when currency options are in a recovery mode.
There is a lot more knowledge needed, but
at minimum, the knowledge listed above is essential to win.
Winning in the market without any tools is almost impossible.
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