What goes down goes up, and what goes up goes down. The repetition
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Good morning everyone.
Yesterday's USD/JPY movement was waiting for the US employment data, with little volatility during the day.
USD/JPY 1-hour & 1-minute charts
For the top traders, you can see that the 1-hour chart has shifted from red to upward.
Strategically, during this upward period it would be good to wait until the edge of the lower level and take a long position if it drops.
However, during release indicators like employment statistics, movement is driven by forecast vs actual, so there is no rule that you must buy just because it rises.
Indicator trading is hard to understand, so for USD/JPY
・ Arbitrage against an arbitrary target point
・ When the 1-hour trend starts to settle, consider a position
This is the third option, perhaps
The least risky isFX trading not your ordinary hedging
I think.
My USD/JPY employment statistics strategy wasn’t an aggressive one that buys if possible.
On the 1-hour top trader chart, is it a place where it will stop? a counter-trend point?
A point where buying has built up?
I predicted it would be around 15740, so if I were to buy, I’d do so around that area.
USD/JPY 1-minute chart
As soon as the announcement came out, it dropped to the yellow circle, so I thought I would go long if it came back to 15740, but it didn’t…
In the end I longed at the red square with red circle after some oscillation, and took profit when the yellow horizontal line was crossed.
Since the yellow circle was about 10 pips away, there was a blue square preceding it; if it had moved down to minus 15 pips I would have stopped out or hedged.
The result fortunately unfolded as I expected.
I trade with one-shot 1 million units, so it’s a distribution where I either lose 150,000 or gain 300,000.
It was a cleanly executed trade.
This kind of trade can be done withNew Millionaire Trader’s Scalping: Volume Plus
and can be done.
During major indicators like employment data
For traders who just want to succeed in trading and earn a living, this is my recommended product, which you can also learn on your own: these trading techniques are below
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