[Preservation Edition] Billion-Takes Scalp Fast & Unusual Hedging
Hello everyone.
Recently, the product promotional video filmed at the Gogojan Co., Ltd. headquarters was uploaded by Gogojan Co., Ltd.
This time is the third installment, and it is the final episode.
Please take a look and find it useful for your future investment and speculation activities.
Today, the forex market isn’t moving very well.
If anything, the euro-dollar is quite clear and clean.
Today is also the last day of the month, so I think it’s fine to just target “that.”
For traders with a certain amount of experience,
“month-end”“final day”“chart shows London”
will probably resonate.
Of course, many advanced traders in the market finish their work during the day.
But here I’m writing for part-time traders who come home from their office jobs.
If you didn’t know this information, those who learn it here might find it worth paying for in paid articles.
Because if you don’t know this to begin with, you can’t even search, not to mention chat GPT.
That’s the “that” thing.
It’s the London Fix (London Fixing). It is my favorite time in market hours.
■ What is the London Fixing
London market 16:00 (summer time 15:00) = Japan time 25:00 (summer time 24:00) fixing (price-setting)
This precisely means determining the price of gold for the spot market, and in this time frame there are many orders related to settlements in the foreign exchange market.
Generally, the London market plays a major role in physical trading of precious metals like gold, and the price decided here becomes a global gold price benchmark.
Also, gold is typically traded in dollars, and the London Fixing can influence the supply-demand balance of dollar liquidity, so the fx market can move significantly during this time.
・Winter time: Tokyo 25:00 = LDN 16:00 = NY 11:00 ・Summer time: Tokyo 24:00 = LDN 15:00 = NY 10:00
That is what it means.
In short, it moves.
As a side note, I have a superstition that when London time sees strong moves in palladium, the following day’s pound tends to move as well.
Now, even though it moves, how much does it move?
Its magnitude isn’t driven by indicators like US nonfarm payrolls, BOE policy rate, ECB, or FOMC results, but the movement itself forms a chart that clearly shows whether it’s being bought or sold.
Recently, since the pandemic, the moves aren’t as strong as before.
■ London Fix movements over a year
There are summer and winter times, but in my rule of thumb, winter has more punch. Now it’s summer time, so expectations aren’t huge, but it moves more than the Japan 9:55 mid-price or US options cut.
■ How much does London Fix move (for GBP/JPY)
Final day May 2022: about 50 pips an hour before, about 30 pips 10 minutes before
Final day May 2021: same as above, 30 pips, 20 pips
Final day May 2020: same as above, 100 pips, 50 pips
Final day May 2019: same as above, 50 pips, 40 pips
By the way, December 2022 final day moved about 80–160 pips
I think it will move quite a bit again tonight as well.
■ London Fix timings
Summer time: 24:00
Winter time: 25:00
That’s it.
Typically, you’ll feel movement about an hour beforehand, and now there are times around 23:50 when movement can be extraordinary.
Sometimes you’ll wonder if you don’t have enough monitors, as it moves so much.
■ When is the strongest London Fix?
It is on the year-end final day.
Since the pandemic, it hasn’t been as strong, and last year’s end was only moderately satisfactory.
■ When does London Fix occur?
It happens every day.
Especially at year-end on March 末 and December final days, it’s extreme.
I’m looking forward to this year’s year-end day (this year the 30th and 31st fall on Friday and Saturday, so the 29th is Friday).
For part-timers, if you can master the London Fix window from around 23:00 to 26:00, trading with just this window might be enough.
■ Pairs suitable for London Fix
Based on my own judgment and bias, it’s the GBP/JPY.
However, sometimes USD/JPY moves and the pound moves too, and GBP/JPY can seem to “play dead.”
EUR/JPY and EUR/USD are similar. AUD/JPY often stalls at good points and it’s hard to count the stops…
By elimination, my favorite is GBP/JPY.
■ In any case, when you feel moderate agreement, enter and observe, take profits when possible, and if it goes against you, use FX’s unconventional hedging to set a paired position.
If you can see a pull or a return within the channel, enter in line with that flow.
This is how I trade the London Fix.
Even if you’re aiming for quick gains at entry, moves can jump 30 pips from around 23:58, so once profits begin to ride, you’ll often hold by referring to the previous high on the left.
Having traded FX for so long, you develop your preferred moments.
I like Tokyo start, China start, London start, and London Fix.
Preferences vary, but the purpose of doing this is written in the manual, so please review it again, users.
On a side note, this is also a time that yields good results with various BOs (central banks).
Long ago, a famous trader used to post on 2ch that after winter time, maybe every day FIX would suffice.
That was such a dangerous time.
Millionaire traders who scalp
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https://www.gogojungle.co.jp/tools/indicators/42559
Stress-free irregular hedging (well, it hardly loses)
Unconventional hedging in FX
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https://www.gogojungle.co.jp/tools/ebooks/19435