Beginner's must-see! Is there a correct answer for the profit-taking幅?
Thank you for your hard work.
This is Nobushi.
The USD/JPY moved yesterday, didn’t it?
Yesterday’s USD/JPY trade was the first trade of the year for me, but
the movement followed the Winner signal, so I could take it without any issues, however
the issue was the take-profit width.
Including those, I will explain.
First, USD/JPY 15-minute chart at entry
Since the second wave Winner signal lit up, I waited for a small pullback before entering.
At that time the hourly chart showed a downward signal, so
the plan was to take profit early and escape.
Soon after, ...
I was able to catch a large move successfully.
I was thinking of a small profit escape, so I took about 10 pips and
felt satisfied, but ...
USD/JPY kept moving with strong momentum
and the hourly chart seemed to be turning into a bullish signal...
I thought it was obvious that a bullish signal would light up soon after, so
I considered chasing a third wave once it appeared or when it surpassed the recent high.
In the end, it moved a lot late at night, but I slept and couldn’t enter.
I’m a bit dissatisfied with the take-profit width, but
in the original scenario I read that a reversal would occur soon, so
I think it’s okay to not push too hard.
In the future, among Winner users some have captured large profits.
As I’ve said many times, I think it’s fine for the take-profit point to have a range.
That’s what makes it enjoyable, and if you trade with a fixed width
you might end up with a slow-and-steady collapse...
On the other hand, I think the entry points are close to correct.
Even if that trade ends with a stop loss,
it's really enjoyable to discuss with many Winner users and exercise discretion,
and I think that’s the pleasure of trading.
Now, today the second-wave signal hasn’t appeared yet, but the euro looks suspicious.
I hope for movement in the future.
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
