【FX専業トレーダー猫のポンド円トレード解説0318】

So today is March 18th for the GBPJPY.

In my N-Method, the momentum was too strong to form a pullback, so I could not enter.

This is something that often happens with events like Brexit, and there’s nothing to be done about it.

However, as noted on the N-Method page afterward, I gained 800 PIPS, so it remains a question of whether I could wait until then.

The market does not run away.

In my main business, I did enter properly.

First, the 4-hour chart

The horizontal line above is the previous day's low.

The day-before-yesterday's low is slightly broken below by the previous day's low.

There was a possibility of a reverse head and shoulders, so I confirmed its breakdown and entered on a return move with a subsequent drop below the previous day's low.

In other words, in a trending state, the bottom and top are points where Dow continues, and price movement tends to accelerate, so I placed my entry based on that probability.

It may seem scary, but if you lose, you can just cut your losses.

The intrinsic risk of selling on a pullback is the same as that of the long side.

Now, as for the take profit, at the lower horizontal line, this is the same take-profit method as the N-Method, about 300 PIPS.

Since it was a monthly chart point, I should have taken profit.

The 4-hour Bollinger Bands were on the edge, but due to the chart point, I let greed get the better of me, didn’t I?

Daily chart

The two rightmost bars are on the current timeframe and form a pin bar. Since the opposite band is also closed, a fairly sizable retracement wouldn’t be surprising.

Then, let’s sharpen our senses to the utmost and read the chart carefully.