4/3 foreign exchange options, signal delivery result: loss
Expiring at 11 o'clock - I lost on USD/JPY.
There is no such thing as a relentlessly volatile market all year long,
the market is 20-30% trend and 70-80% in a range.
The iron rule of trading is to place bets when the favorable conditions align.
If you don’t understand this, you probably will never win in trading.
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Today's results
Expiring at 11 o'clock - USD/JPY - opened at 111.40 yen higher and lost
This week's record so far: 3 wins, 1 loss
Please see the "How to Use Signals" here: Here
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To win in forex options, you need at least the following knowledge.
Can you fight in the market without weapons?
Would you challenge a lion bare-handed?
(Example 1)
Please answer trading strategies by looking at the USD/JPY range chart.
Please answer trading strategies by looking at the USD/JPY trend chart.
Please answer trading strategies by looking at the USD/JPY sideways chart.
(Example 2)
Please describe what preparations you make before trading.
(Example 3)
Please describe the conditions under which USD/JPY is favorable to win.
(Example 4)
Please describe the times of day when USD/JPY is easier to win and harder to win.
(Example 5)
Please describe the dates and times when USD/JPY tends to fall.
(Example 6)
Please describe reasons why USD/JPY rises or falls outside of technical analysis.
(Example 7)
The Dow Jones is significantly down. Please state what strategy you would adopt.
(Example 8)
Please provide three concise situations where the purchase price of forex options approaches 1000 yen.
(Example 9)
Please briefly describe two situations when forex options are in recovery mode.
There are many other necessary knowledge areas, but
at minimum, the knowledge listed above is essential to win.
Winning in the market without weapons is almost impossible.
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