【FX Trade】About settlement, explained in today’s real-time trade this morning
【FX Trade】About settlements, explained in this morning's real-time trade
Today's post on X in the morning
In explaining my method, I often say
"If it shakes and looks dubious, retreat"
From a state with no volatility, when it starts to look like it might extend a bit long
If the trend to long is already clearly present,
take profit on the next extension in one shot,
or, when it retraces on the next bar after that extension, settle for a small profit or small loss (in this case, a small profit)
However, in this case it hasn't really shown a long trend yet
Only an upward tilt in the trend
Therefore, if it doesn't extend quickly, I cut it
And after that
In the USD/JPY chart, on the left side red circle area I will not enter anymore.
The logic is not to enter when momentum is weakening
And on the right side chart red circle area it is going down,
but that could still extend from here
However, the probability is higher that it will go down or shake,
so I don't enter, and this is what I’ve logicized
However, this is not a rule based on indicator states for settlements
I apologize if the wording is a bit hard to understand
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