December 11 Yesterday’s recap from the forecast: 【Free公開】 Entry and stop value setting explanation & flow decided? USD/JPY and GBP/JPY daily forecast
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Today's quick retrospective of yesterday's article.
*Dollar/Yen: => Reached the key level yesterday!
*Pound/Yen: => Yesterday's high was briefly surpassed by about 10 pips around 4:00, but then it turned around and is moving lower.
Where to enter and where to place the stop?
Taking yesterday's Pound/Yen as an example
Entry (for day or swing trading)
A ③ or ⑤ value: Yesterday, it hovered near 108.900 from the previous day, so I briefly shorted. Stop is 10 pips above.
Always include a stop value. The placement of the stop is an important point.
Normally, Pound/Yen is not placed at 10 pips, but
The type of line also changes where you place the stop(For those who learned Keikana Line, this is extremely important)
The entry point was at the崩壊値 line (Keikana Line崩壊値ライン), so I set it a little above by 10 pips.
After it dropped somewhat (maximum 30 pips), the stop was adjusted to break even.
(If you are not going to close the position, be sure to move your stop to a place that does not incur loss)
Since the movement was within the崩壊値 region, it was still unclear which way it would flow.
It is safer not to chase profits and to close the position.
For reference on exit points, refer to Keikana's materials, Power Balance 3 and 8.
B Short from ①: In the evening, the崩壊値 went above, soUsually a long entry from ③ in the direction of the trend.
For such cases, consult Keikana's Power Balance Special Edition 1 for detailed entry points, and
try to enter as close to the edge as possible, so that the fluctuation is less likely to cause anxiety,
and the stop value can be narrower.
However, yesterday evening I could not read the chart lines, so I chose a short from above.
(Those who have learned Keikana's崩壊値ライン, if you read the values in the morning and write them down, you could have entered long)
If the decline崩壊値 occurred, there is a high probability of aiming for the next higher price, but
since I could not see the line and could not set a stop value as above,I gave up entering.
Short entry was from yesterday's expected value ① 143.550.
In reality, I entered more loosely at 143.450, with a stop at 143.700 (it looked risky when I checked in the morning).
In such a strong-line area, stops tend to get hit, so in the end I did not get stopped out, but
the stop was a bit too loose, a bit of a reflection.
And this ① value 143.550was the strong, strong value in the weekly forecast from the December 9 articlefor the upper band.
And this morning it fell to 142.550, so with such a strong line from the weekly forecast, there is room for price movement with this entry.
Looking ahead, for Pound/Yen, the key will be whether it breaks下 ascending崩壊値 or not.
Where is the崩壊値?
Well then, today as well, here are the price and flow forecasts derived from the line method.