As expected, a billion-y trader's scalping
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Good morning everyone.
Dollar/Yen chart from yesterday evening to this morning
1-hour & 1-minute chart
Yesterday, the Nikkei rose to a decent celebratory level and reached 52,000 yen.
I thought the USD/JPY might stay in a range, but it turned into a chart that was fairly easy to trade for a seasoned trader.
I guess that for those trading on buy/sell signals, when a buy signal appeared it went down, and when a sell signal appeared it went up—quite an ordeal for them, perhaps?
– or so I infer.
The USD/JPY started forming a right-shoulder-down chart after hitting 15700.
This can be confirmed on the 1-hour chart.
Although it fell after exceeding 15700 and failing to make a new high, looking at the 1-minute ultra-trend chart after a retrace shows it could react to either a sell breakout or a selling retrace.
In the above 1-minute chart, the blue circle indicates sell and the red circle buy, and this reversal stage can be understood by monitoring the 1-hour chart.
Even if you don’t understand it on the 1-hour chart, the 1-minute ultra-trend chart will switch from buy to sell (blue circle) when the trend changes, so you can identify whether that point is the peak reversal moment.
With that mindset, you can calmly examine the 1-hour chart.
There is no need to reflexively take a position; you can wait to switch from buying to selling and then go short when appropriate.
Profit-taking moments are signaled by the ultra-trend line, but if you don’t know that, you can simply take profits when the 1-minute ultra-trend chart changes from selling to buying.
However, at that time you are at a bottom and lifting off, so profits may be reduced.
The answers can all be confirmed on the 1-minute ultra-trend chart.
Because the ultra-trend chart predicts time, price, and the future trend.
I hope you will master the skills to use it through the scalping of ultra-traders.
All discretionary trading is described in “Ultra-Trader’s Scalping.”
Has there ever been a guide this accurate and practical?
I first learned about FX in 2005 and looked at many things, but nothing like this existed.
When there wasn't, I decided to create it myself and commercialize it, and I’m happy that it is helping many people today.
If you want to improve your trading, please pick it up and experience its potential.
Best wishes for this year as well.
Mori
If you are a trader who absolutely wants to succeed in trading, who wants to make a living from trading, this is the product I recommend—the trading techniques that you can learn on your own include these below:
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