First week of June trades
Trade of the first week of June
Remittance abroad is getting dubious, so switching to a domestic account.
Restarting trading after a long break.
Leveraged up to 20x, so it feels different from before.
Starting with 150,000 yen. Since I can only hold about 0.2 lots in USDJPY,
the image is to do it a few times a day and aim for about 1,000–3,000 yen.
I mostly went long on USDJPY, but I held a short position before the data. I was wondering whether to cut losses when a mysterious drop occurred. In the end, I won. I should have avoided the data release. It was my first trade in a long time, so I did it. This was completely a luck-based win.
The AUDUSD was showing a cleaner uptrend. I traded short. With FXTF, I could enter 0.3 lots with 150,000 yen. Fees are charged, but compared to USDJPY, daytime volatility makes it easier to trade.
This week.
First, as a rehabilitation.
Deposited 150,000 yen and gained +5,287 yen.
With low leverage, I won't be greedy and will aim for around 10,000 yen per week.
What to do next week.
Looking at it, there are many currencies that have surpassed pivot S3. USDJPY feels the most difficult to trade. Intervention causes it to rise and then be sold, and even when it falls it gets bought.
Next week I'll decide once it starts, but judging from the charts, I think I’ll look for a rebound shorting point on AUDUSD. Cross-yen pairs might be harder to trade.
Chart indicators and settings are on the sales page.