[Gold] Efficient profit-taking by aiming for trend reversal patterns
Gold compatible!! X CODE VISION Indicator“Price Action Mode”has been added▼
https://www.gogojungle.co.jp/tools/indicators/73241?
Is the USD/JPY’s yen depreciation accelerating further?
Hello. This is YUME.
Since the start of this year, the USD/JPY pair has been accelerating the depreciation of the yen.
Alreadyapproaching 160 yen...
On the other hand,Gold(XAUUSD)is, well,
on the 4-hour chart and longer-term charts, remainsbullishlikely.
In the past, gold and the USD/JPY tended to move in opposite directions, but
that doesn’t seem to be the case nowadays.
Let’s discard unnecessary preconceptions and focus on market psychology from the candlestick moves.
W-bottom signals light up — a huge opportunity when this happens!
This is exactly the moment when theW-bottom appearance signal lights upis shown
◆ Gold 5-minute chart
Actual entry was about 15 minutes after the signal lit, but
X CODE VISION isa signal specialized in capturing trend reversals, so,
this is a big opportunity.
Added entry after closing the position▼
To make it easy to see, the entry price is shown with a green line.
What decided the second entry was that
the recent buy signal slightly above the level was broken throughto confirm.
The last two buy signals appear to be a bit of a false signal, but
even so, from signal lighting to the next reversal, the move could be nearly 300 pips,
so a decent profit would have been possible.
Automated take-profit after entry
In FX, entry is important, butexit strategy is also crucial.
After entry, predetermined stop loss and take-profit orders are automatically placed,
so there’s no worry about forgetting to set a stop loss.
Order panel feature enhancements
The special order panel features have been significantly upgraded.
,
◆ Button labels changed toclear and easy-to-see fontfor readability
◆To prevent garbled textlabels are shown in English
◆ Added confirmation dialog to prevent mistaken orders※Can be toggled off from parameters
◆ Panel can be collapsed compactly
◆PIVOT line displaybutton added
You can obtain a set of an order panel and indicator with all these features.
The strength of “Simple Chart × Signal × Panel”
This is very well-suited to the current market?
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Keep the chart uncluttered
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Limit the points where you watch for signals
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Orders are immediate and accurate on the panel✨
This greatly reduces the possibility of emotions affecting decisions?
In discretionary trading, the biggest enemy is
?“hesitation”
?“an extra step in a procedure”That isin X CODE VISION?
Gold compatible!! X CODE VISION IndicatorFor details, click here▼