【Ponsキャ/+59pips】Fibo × Round-number = Counter-trend point
Hello!
I am Viga, the Sonic Speed Scalper^^
I will explain Friday trades in the second week of December.
The results from yesterday were
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5 entries
Total +59 pips
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that was it^^
Because the market was volatile,
I thought I might not even be able to trade~
but I could trade just fine, lol
In fact, it was my best performance of the week
and I thoroughly enjoyed the fun of trading again^^
■ Entry No.1
“Bounce after a sudden drop”
+10 pips
・USD/JPY 1-minute chart 12.13 5:19
・Long
The first trade was
the familiar bounce-after-drop setup,
but looking at the higher time frame, it was around a bottom of a pullback,
so I didn’t aim for a big move.
It was a bit of a chicken move, too, haha
Even though the entry itself was standard,
taking profit or cutting loss depends on the situation
and adjusting can improve accuracy!
In my case
the 1-minute chart is usually the execution footnote, so
when we say higher time frames, 5- and 15-minute charts are main ones.
Of course, I also look at the 1-hour, 4-hour, and daily,
but I trade on the 5 and 15 minutes.
===============
When trading,
having both a bird’s-eye and an insect’s-eye view
is really important!!
===============
■ Entry No.2
“Long from the lower bound of a pennant with Fibonacci”
+6 pips
・USD/JPY 1-minute chart 12.13 06:32
・Long
This was a bit of a niche trade
▼
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Assuming a pennant forms in advance,
identify the pennant’s lower bound with Fibonacci.
==================
From there, the idea is to counter-trend, but
on the higher time frames, it’s an image of aiming for a pullback。
Because you’re aiming for a pennant,
a deeper pullback is likely, so
I only consider Fibonacci levels 61.8 or higher.
If it’s below that,
you’ll get trapped in a shallow position
and the time you hold a drawdown will be longer.
I don’t like that~^^;
Well, some people do, right? lol
・What are you aiming for?
・Where is the best entry?
I position myself with these questions in mind.
That said,
I was watching Attack on Titan while trading, though lol
Man, Erwin is so cool^^
If the captain invested,
they’d probably become as legendary as Son’s investors lol
Besides, doesn’t that look similar to this?
I found it in an image search online,
and laughed at how alike it was as soon as I saw itwww
■ Entry No.3
“Using Fibonacci to target a trendline breakout”
+8 pips
・USD/JPY 1-minute chart 12.13 07:14
・Long
In the second trade, as expected, it became a pennant
and the direction was up, so I targeted the pennant’s breakout.
Entry point is guided by Fibonacci.
From a market context, on the 5- and 15-minute charts,
a certain range has been maintained for a while, so
I think it’s okay to expect another rise soon.
However, since it’s during Tokyo time,
I don’t expect a rapid move.
Of course, moves can happen regardless of time,
but I don’t have excessive expectations for that.
I will respond by focusing on price action.
That is important for scalping!
took a solid profit on the exit!
Trend line × Fibonacci
I really love this combination!
Basically, if you can master these two
you won’t need other indicators at all.
This applies to both FX and BO (binary options).
If your method isn’t solid yet or
you’re still testing various approaches, give this a try
like you’ve been fooled, and see for yourself^^
At this point,
the total is +24 pips, which is the daily goal achieved!!
Once you hit the daily goal,
after that, don’t push yourself; just target the good spots
and exit winners when you can.
■ Entry No.4
“Rebound after a plunge”
+25 pips
・USD/JPY 1-minute chart 12.13 08:55
・Long
I really like scenes like this!
In the past, entries were too early
and I got burned many times, but
here tooby using Fibonacci I could wait deeper
and turn it into a solid opportunity
^^
Points like this have fast price movement and big moves
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Fundamental idea
Apply 0/100 across rounds
This is an absolute rule.
Within that, deeper levels are 61.8, 78.6, 88.6 where I pick from.
================
This is the basics.
Then, when USD/JPY surges or plunges,
as you can see, it typically settles around about 100 pips.
Or rather, it rebounds,
and may extend further later on.
Since you can’t know for sure,
you take profit early.
That, in turn, leads to
better capital efficiency!
Moreover, if you look at higher timeframes and if resistance is overlapping with BB or MA,
that’s even better.
This time on the 15-minute chart BB 3σ was present, so I added that as support.
However,the thing I regret is that my jabs (jabs?) were poor^^;
I still don’t want to be left behind,
and I react strongly.
Hmm, a bit of a reflection.
■ Entry No.5
“Breakout pullback sell”
+10 pips
・USD/JPY 1-minute chart 12.13 10:27
・Short
This was, logically, just a pullback sell.
Nothing especially fancy was done ~
But from a higher-timeframe perspective,
the position was not easy to short,
so I judged that taking profit early was better than aiming for a longer move.
This pattern
has appeared many times before,
the holding time is short,
and the expectancy is high and easy for anyone to understand, so
a little recommendationwould be to consider it.
Indeed, after this, it fell further, but
PON was chaotic, so
Should I go down or not? I wonder, and if you’re mentally exhausted,
even 10 pips is enough, so take profit.
Trading that could affect the next trades
should absolutely be avoided.
Trading is daily,
if you push yourself to the limit every day, you’ll burn out^^;
If you end up hating trading,
there’s nothing you can do.
In that case, all your past investments could vanish in an instant,
so it’s really a waste, you know><;
And that’s how we ended Friday!
Even when the market was chaotic, scalping offered plenty of points to aim for~
Trading isn’t about forcing it, but
for me
"People who get stressed if they don’t trade"
Indeed, it may differ from the theory, but
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