【This Week's Trade Review】GBP/JPY January 10, 2022 - January 14, 2022 Results
This week: 2 wins, 1 loss. +57 pips.
1-hour chart
4-hour chart
【 Market Result #1 】
Entry (sell) 1/10 10:01 GBP/JPN 157.295
Exit 1/10 23:00 GBP/JPN 156.417
Profit/Loss +87.8 pips
Judged as exactly hit. Prices drifted downward. Take profit near the recent low.
【 Market Result #2 】
Entry (sell) 1/12 17:05 GBP/JPN 157.342
Exit 1/12 22:35 GBP/JPN 157.691
Profit/Loss -34.9 pips
Entered by placing a limit order at the upper price line that was hit exactly; it dipped slightly but ultimately broke through. Forced stop resulted in a loss.
【 Market Result #3 】
Entry (buy) 1/14 16:39 GBP/JPN 156.112
Exit 1/14 21:11 GBP/JPN 156.153
Profit/Loss +4.1 pips
Judged that the most recent low was hit exactly. Entered long when it retraced. It rose but ultimately fell back, finally taking profit near cost price with a small gain.
【 Overall Assessment 】
This week: 2 wins, 1 loss. +57 pips.
Slight gains occurred amid a ranging market.
(A) was exactly hit. The 4-hour chart also marks a precise point; this is a point not to be skipped.
Looking at the weekly chart
At the end of last week, 157.00 was a precise level, reacting with a bearish candle.
157.33 is the recent high.
It seems capped upward, but...?
And support at the low around 156.00?
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Iaito-sensei’s “Close-Price Trading Method” is the basis for trading here.
※ The “Exactly Hit Pattern” is when the candle’s close is near the latest close (often forming shapes like double bottoms or triple tops), treated as a resistance line for entry.
※ The “Wick-Release Pattern” is when the closes of MA100, MA200, MA300 align near the same level, indicating a potential reversal and prompting an entry.
Also, for Iaito-sensei’s close-price trading method, you may refer to the following as well,
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EA that enters at the close price: “OwarineDeEntry”
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