Release： 05/22/2020 22:25

Update： 06/13/2025 02:10

Series

A full-time currency trader cat explains pound-yen trades and the mind philosophy in the market.

【FX専業トレーダー猫のポンド円トレード解説0522】

Let's take a time-based overview of the pound-yen.

I have won on a weekly basis as well, but looking back, this two-month period has been range-bound.

Monthly chart is

the movement is sparse.

Next, the weekly chart

had been gradually pushing the highs lower, but it was a market with strong range tendencies.

Finally, the daily chart.

This is the daily chart for the last two months. The moving average is downward-sloping, but the market has a strong tendency to range. Assuming the condition persists, the correct approach is to avoid chasing the trend and instead consider contrarian selling on pullbacks or cautiously buying near the lower band, to avoid falling into trend fantasy. Chasing the trend out of fear of missing opportunities is foolish.

【For those seriously aiming to become full-time traders only】N-Method, which has hit 300 PIPS and 800 PIPS repeatedly, is here↓↓

https://www.gogojungle.co.jp/tools/ebooks/22300

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