5/24 Foreign exchange options, signal delivery results: win
11 o'clock maturity — I won with USD/JPY.
A market cannot be extremely volatile all year long;
about 20-30% of the time it trends, 70-80% it ranges.
The iron rule is to make a move when the conditions are favorable for a win.
Without understanding this, you will likely never win in trading.
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Today's results
11 o'clock maturity — USD/JPY — entry at 109.50 yen lower; won
This week’s results up to now: 7 wins, 1 loss
For how to use signals, please see here.
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To win with Forex options, you need at least the knowledge listed below.
Can you trade in the market without weapons by your side?
Would you challenge a lion bare-handed?
(Example 1)
Please look at the USD/JPY range chart and provide a buy/sell strategy.
Please look at the USD/JPY trend chart and provide a buy/sell strategy.
Please look at the USD/JPY sideways chart and provide a buy/sell strategy.
(Example 2)
Please describe what preparations you make before trading.
(Example 3)
Please describe the conditions under which USD/JPY is easier to win.
(Example 4)
Please describe the times when USD/JPY is easier to win and harder to win.
(Example 5)
Please describe the dates and times when USD/JPY tends to decline.
(Example 6)
Please explain why USD/JPY goes up or down using factors other than technical analysis.
(Example 7)
The Dow Jones has fallen sharply. What strategy would you formulate?
(Example 8)
Please briefly state three situations when the purchase price of forex options approaches 1000 yen.
(Example 9)
Please briefly state two situations when forex options enter recovery mode.
There is much more knowledge needed, but
the minimum knowledge listed above is essential to have a chance to win.
Winning in the market without a weapon is nearly impossible.
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