[4.30] Major crash! Entry points for USD/JPY, EUR/JPY, and EUR/USD just before intervention, +10 pips

［4.30］Massive crash! Dollar/Yen, Euro/Yen, and Euro/Dollar entry points +10 pips just before currency intervention

First of all, obviously, at this point I did not expect that government and Bank of Japan would intervene in the FX market afterwards

The charts from the left are
Euro/Yen, Dollar/Yen, Euro/Dollar
In the middle chart, I cut near the red line around the Dollar/Yen, at the arrow in the right
Entry moved up immediately after, but it came back, so I tried to exit at the break-even, but it was a small loss


In the image above, long at the arrow following the Dollar/Yen ⇒
However, for about 7 candles, it moved little and stalled, so I exited
There was also a Euro/Dollar short at the same time, but I skipped it

After that, the Dollar/Yen showed a pattern of losing momentum and falling after stalling
If I were aiming for the next long, it would have to be after another strong rebound
In other words, the turning point where momentum starts is key
Of course, it isn’t 100% predictable
Note: it can rise after stalling too


And then…
There was currency intervention by the government and the BOJ, and it crashed…
But ultimately, how far will it recover?
Some opinions say the Dollar/Yen could reach 170 yen

A weaker yen isn’t caused by speculation
Ultimately it may converge back to interest rates, returning to the original state, perhaps

Note: I’ve also written an article about interventions and their future impact, so if you like, please read it



In my mentor’s and my method’s logic,
I target places where entering and a bit of movement is likely
'A one-day target of +10 pips' is made realistic by this logic

Even in not-a-clear-trend, range-bound areas
If you are scalping, you can also take a little bit at a time from a small bit of ‘momentum’

★★Additional explanatory PDF clarifying the settlement method added (4/16)★★
What the published “New Life FX Method” is
Aim for 1 day +10 pips to reach 1 million yen per month (trading 2–5 hours a day)
A professional’s 1-minute FX method explained with smartphone chart images

Two methods of a pro trader (mentor) combined to take the good parts,
・Added logic that clarifies entry points!
・Added explanations that clarify settlement methods

■ Thoughts of overseas professional traders (legendary investors Buffett and Soros)
Trading not to “win” but to “make money”
Trade only on expectations of higher likelihood of going up