Where will USD/JPY move from here?
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Our interview with Gogo-Jun President Hayakawa and me, VTR, can be viewed here
Good morning, everyone.
Recently released
and we have received reports that they are achieving good records, which I am very pleased about.
In particular, I think it's a major achievement to be able to produce results in this stagnant, range-bound market.
I hope purchasers will find various patterns and use them creatively.
Now, perhaps thanks to the Trump war, dollar-yen volatility has disappeared.
Dollar/Yen 1-hour chart
It has been in a range since around March 18, and it has been about a month, I suppose.
From the chart, the lower bound is around 15750 and the upper bound around 16050, a range of about 3 yen.
It is not 3 yen in one day, so as a daily perspective, trading opportunities are few.
As you can see, white and blue circles are making new highs and lows and moving downward, so the trend is a downtrend.
However, since yesterday it has settled into the yellow square zone, so something will surely move with a trigger.
Whether that trigger is the FOMC, the Bank of Japan, or the Trump bombing timeline designated for the 23rd, is unknown.
If there is a decline, it could go down to around 15300.
For the rise, the idea is to push up the previously rising white circles now with red stars.
By attacking such up-and-down moments with a 1-minute chart and instant-trade lines, the trades become easy to understand.
Given this wide range,If I were trading, I would target a simple breakout of the instant-trade line.
Yesterday's dollar-yen 1-minute chart
In a previous article I described as “easy to understand,” and I will write what easy to understand means from my perspective.
The 1-minute chart creates small trends, but whether the trend is up or down is not very important.
In other words, if you are looking at the instant-trade chart, you are ready to act in both directions.
Of course, if the entire morning all time-frames are down, selling would be stronger, but with the instant-trade chart you can view turning points for buy/sell, so whether the movement follows a decline or an ascent, it doesn't matter much.
In the above chart, red circles and white circles are near the intraday lows.
Red circles are at the second bottom, so when you see this, you would normally long after the instant-trade chart turns to buying.
Also, white circles are intraday lows and overlap with the preceding red circle, so if you anticipate further rise, once the instant-trade chart turns to buying, you go long.
In general, patterns can be formed.
Regarding selling, looking at the blue circle, it is the opposite pattern of buying.
There are usually two patterns: range-bound trading to capture the range, or trading after a range breakout.
If you understand these points and face the chart, if your assessment turns out to be wrong, it simply means the market was different from your expectation, so you do not need to worry unnecessarily.
That is because the market is always right.
If the market is right and your analysis was also right, you would end up with a profit.
Therefore, understand the moment, adapt flexibly, and view the chart from multiple angles to trade.
Develop this habit quickly.
If the result is more wins than losses, you finish the day positive.
Instead of doing difficult things, the key is to consistently do simple things in the same way every day, which I think is the point of improving at trading.
No, no, this is hard!!
If so, try taking out a part of how I approach daily and watch it every day.
That will reveal things.
For example, always watching the 1-minute instant-trade buy/sell turning point, you will learn where to position to minimize initial losses at the first move.
This is the way of continuing this approach.
It's easy, isn't it.
And if you want to go further in that area, there is the option of an EA, and I offer two products
There you have it.
I believe that once everyone purchases the product, their trading skills will improve, and with that skill, adding another skill through a new product makes sense, so I am releasing new products.
If you keep buying, it becomes a weapon you can use at any situation on an individual level.
This is my thinking.
Thank you for your support today as well.
To traders who just want to succeed in trading, who want to make a living from trading, I recommend my product—also something you can learn on your own—these trading techniques are below:
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