Billions of traders are scalping
Good morning everyone.
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The current USD/JPY is difficult to trade when you look at the 5-minute chart due to a lot of wicks.
Some people might like this kind of candlestick, but I’m not fond of it.
Looking at the weekly chart, there is an atmosphere suggesting it could rapidly reach 150 yen.
The government always says they will take “appropriate action” and that the market speed is the issue, but isn’t the rise in the dollar-yen too fast?
Today is the last Friday of the month.
There aren’t significant economic indicators, and it seems the environment is to follow the stock market.
Today, isn’t it okay to just target around before and after the London FIX?
This year, there have been three months where the last day of the month was a Friday: March, April, and June.
As for how the London FIX (GBP/JPY) behaved at those times, it was almost a one-way move.
The current GBP/JPY weekly chart has a bullish candlestick with a upper wick.
Occasionally, I would like to see a startling drop.
Yet GBP/JPY is also in the high 180s. When I first started trading GBP/JPY, it was over 200 yen.
I can really feel that yen is being sold.
I wonder what will happen tonight…
Currently 9:51
However, USD/JPY is breaking 14480 on the 5-minute chart and heading toward the Tokyo noon value on the last trading day.
Today, I would like to write about something I sometimes tell others, and there is a business magnate who has recently gone viral; he said roughly the same thing as me, so I would like to quote his words directly.
13 truths about the world you’d be better off not knowing
① 20% of people have goals. 80% of people have dreams.
② 20% of people run a business. 80% of people do chores.
③ 20% of people value experience. 80% of people value credentials.
④ 20% of people persist. 80% of people give up halfway.
⑤ 20% of people can repeat tedious tasks. 80% of people avoid tedious tasks.
⑥ 20% of people act according to success experiences. 80% of people choose based on likes and dislikes.
⑦ 20% of people earn from the head/upper body. 80% of people earn from the lower parts of the body.
⑧ 20% of people do tomorrow’s tasks today. 80% of people do today’s tasks tomorrow.
⑨ 20% of people buy time. 80% of people sell time.
⑩ 20% of people look far ahead. 80% of people look at the present.
⑪ 20% of people seize opportunities. 80% of people miss opportunities.
As a result
⑫ 20% of people become rich. 80% of people remain poor.
⑬ 80% of the world’s wealth ends up in the hands of 20% of people.
The world’s sense of the unreasonable is claimed to be the usual knowledge of the Chinese diaspora.
I am not a “spiritualist” or a “self-help advocate,” but what this person is saying is
I believe it to be true.
If I add one more thing, these 20% and 80% are constantly shifting.
And the speed of that shift is fast.
I think the point is how quickly you can realize this, and to do so,
you mustbe able to view yourself objectively and adapt to circumstances
I believe this also relates to the markets.
The market and charts are indicators that reflect human psychology and expectations.
If 80% of people lose in FX, that majority sentiment is wrong, and the remaining 20% are
the correct ones, and they win.
Then how can you join that 20%?
I think it is to determine what you will do by elimination, after understanding the above 13 truths of the world.
I believe this applies not only to trading but also to business and daily life.
Thank you for your continued support today as well.
A genuine, no-cheat method
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