Hundreds of million traders are scalping

Good morning everyone.

I have replied to all the messages I received since last night.

If there are still people who have not received a message, please let me know via message.

Summer fireworks displays are taking place nationwide.

I live near Bayside, but it seems there were fireworks near Minatomirai as well. Unfortunately, on that day I went to the footh of Mount Fuji, so I couldn’t see the fireworks.

However, the fireworks festival in the area where my family is located was grandly held as it was after the coronavirus, and I visited the festival for the first time in a while.

Everyone loves festivals, doesn’t it?

Today at 21:15, the US ADP Employment Report will be released.

This indicator has an impact on the US employment statistics released on the first Friday.

This time the ADP is expected to be 190 thousand, a sharp decrease from the previous 497 thousand.

Based on this expectation, the price movement after the release will vary depending on the actual result.

That said, the result is likely already in the hands of American officials, so one could say it’s unfair if you view it that way.

The current USD/JPY is hovering in a relatively high range just under 144 yen.

Because of that, the short-term charts like the 1-minute and 5-minute timeframes show choppy movement.

USD/JPY weekly chart

USD/JPY hourly chart

Last week formed a long lower wick, so this week it’s rising.

This kind of post-hoc explanation is written anywhere.

If you replace a billionaire trader’s scalping chart with a weekly chart, you can see three long lower shadows near the extension line of the switching price between short and long positions.

This point has been usable as a pullback point since late May, and it is a place where you can time a long entry on the hourly chart.

Set the stop-loss at the mid-136 area, and it can also be a place to expand into swing/position trading.

Since the stop-loss is wide, it is only natural that the position size is adjusted to your capital.

Today is hot as well.

For those who have to go out for work, it seems better to drink Pocari Sweat than just gulping water.

The other day at the foothills of Mount Fuji, I was gulping down 2 liters of Pocari Sweat.

Thank you again today.

Scalping that the billionaires traders are doing

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https://www.gogojungle.co.jp/tools/indicators/42559

Stress-free irregular hedging (well, you won’t lose much)

FX’s non-standard hedging

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https://www.gogojungle.co.jp/tools/ebooks/19435