[26.3.30] With a method, USD/JPY entry point, a strong trend... what is the logic in such a moment?
[26.3.30] Entry points for USD/JPY using a method, a harsh trend... what is the logic in such times?
Note: It is not all trading points for a day, but points presented within a certain time frame. Some indicators are also removed from the method
Today was quite a tough trend
There were many losses and small losses as well, and even when combined with the daytime trades, the result is break-even
There are days like this, but if you look carefully
you can understand that the probability of a bit of a move is higher
If you make proper stop-losses, you can earn
However, stop-losses are difficult
Nevertheless, having a sense of security with an easy-to-escape, stop-loss-friendly logic is important
In my mentor’s and my method’s logic,
we target entries where there is a high probability of a bit of upward movement
and the logic is designed to be realistic for a target of “+10 pips in one day”
Even in not-so-clear trends, or ranges
with scalping you can take small gains step by step
Even when there is no clear trend on the 5-minute or 15-minute charts, if you target a total of 10 pips, there are entry opportunities
The logic of two indicators
This alone is about 80% complete and can be traded with just this
There is an additional indicator logic as a filter to reach the remaining 20%
And this filter has a fairly confident accuracy
What is the publicly available “New Life FX Method”
Aim for 1,000,000 yen per month with +10 pips per day (trading 2–5 hours a day)
Pro traders practice a 1-minute FX method, explained with smartphone chart images
Two methods of a pro trader (the mentor) are combined for the best parts,
adding a logic that clearly defines entry points! Short scalping trades in a few minutes
■ Thoughts of overseas pro traders (the legendary investors Buffett and Soros)
Trade not to win, but to earn
Trade only with the expectation of “going long where the probability of rising is high”
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https://www.gogojungle.co.jp/tools/ebooks/76385
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