Weekend verification and disclosure of concrete buy/sell strategies
Thank you for your hard work.
This is Nobushi.
Well, starting tomorrow is Christmas Week, so
the town seems completely in festive mood, but the market is still indecisive as usual
and continues to drift.
Even so, since we need to steadily accumulate profits, we will conduct chart verification toward next week!!
First, the USD/JPY 15-minute chart
Last weekend, a wave 2 formed just before the close, so
I entered as a test.
Of course, since the movement was weak in terms of time as well, I exited when I had a small profit
Well, I think it might have been fine not to enter as well.
Since my view was bullish, I thought perhaps I would hold it overnight in the worst case... but
it quickly turned to a small profit, so I exited!
Now, for the market outlook next week, first let's observe the 1-hour chart
The most recent signal is upward.
The Winner value in the sub-window is also pointing up, so
on a 1-hour basis, I think we can regard the uptrend as established.
The question is whether this trend ends as the week crosses, or whether it continues, but...
As I keep saying, there is no need to try to predict that!
If it continues, we follow it
If it reverses, we follow it
That’s all.
So how do we determine continuation or reversal?;
[Sell strategy]
At the start of the week, on the 15-minute chart, a first-down signal is likely to appear.
If the second wave of the decline continues, we will deem it a reversal and go in aggressively.
If, by any chance, a down-signal also appears on the 1-hour chart, we should aim for a larger profit with a deeper stop loss!
Aim for 5–20 pips of profit and set stop loss at 15–20 pips.
If a third wave appears, a follow-up entry may be considered, but since the market goes up and down, avoid forcing it.
[Buy strategy]
On the other hand, if the early week shows continuing upward signals in waves 3 and 4, we should tentatively wait and see.
Because the momentum is strong, I want to wait until it calms down before entering.
If after a brief pullback there is an upward wave 2, I will enter.
Considering the current market, if you buy, avoid chasing profits and accumulate steadily.
Target profits of about 3–10 pips.
Of course, pay attention to the most recent 1-hour signals to support the entry, and if they align, you might aim to push profits a bit further.
Stop loss should be deeper, around 15–20 pips.
The market at the start of the week is unstable and moves very unpredictably, so
do not overextend yourself!
The market never runs away, so keep calm trading and quiet watching is also a skill.
Wishing everyone huge profits!!
I look forward to your comments and likes ^^
Please feel free to contact me ^^
Winner introduction video： https://www.gogojungle.co.jp/finance/navi/15/17609
Original Indicator “Winner” public page： https://www.gogojungle.co.jp/tools/indicators/17623
Nobushitwitter：https://twitter.com/nobushi_fx
