During a week of stagnation, I scarcely could trade [Mori Yuu]

Last week the pound-yen moves were dull, and the rate oscillated around the already-held positions. As a result, no new positions could be taken, and I only made three entries. For the entries that ended up as no-entry, all of them had in-the-same-direction positions within 20 pips, so I passed.

The position carried over from last week was finally closed for profit on July 5th (Thursday).

New Coin Toss Trading Rules Using Heikin-Ashi

■ Currency pair and time frame
Show daily Heikin-Ashi for pound-yen

■ Trading rules
→ In the morning trade, check the previous day's Heikin-Ashi. In the evening trade, check the current day's Heikin-Ashi
→ If the Heikin-Ashi is bullish, buy; if bearish, sell
→ Take profits at 100 pips, stop losses at 90 pips, set as OCO

■ Additional notes
・Do not hold more than three positions at the same time
・Do not hold in-the-same-direction positions with a price difference within 20 pips

■ Other
・In the article, “○ = take profit” and “× = stop loss” are used.
・The initial trading rule is explained in “Starting the coin-toss trading I had been curious about for a long time.”
・Please check the latest trading rules in the most recent article.
・This trade started with a rule of buying on the coin-toss side (heads) and selling on tails, but at some point decided buys and sells based on the color of Heikin-Ashi; however, since it originated from the initial idea, the name coin toss remains unchanged.

・Back issues of the serialized column are here(You will be redirected to FX攻略.com official site)

Coin Toss Trade Performance: 7/2 (Mon) – 7/6 (Fri)

July 2 (Mon)

Buy → ×

July 3 (Tue)

No entry

July 4 (Wed)

Buy → Carried over to next week

July 5 (Thu)

Buy → Carried over to next week

July 6 (Fri)

No entry

Even if the Heikin-Ashi is clean, there is no volatility

Last week's daily Heikin-Ashi looked like the upper photo: not chaotic, but movement was small.

Currently using the 1-term method, I have 4 wins and 7 losses. However, positions carried over to the next week have started around +50 pips, so I’d like to rally back!

Bonus

Lately I’ve been reading various books and gradually studying probability and statistics.

Kizato Yuu (Ki-zato Yuu) Profile

An individual trader with more than 5 years of FX experience. Learned various trading methods and analytical techniques through self-study, mainly from books and magazines. From scalping to swing trading, I’ve practiced various investment styles and reached a current energy-saving method. Simple trades during Tokyo hours consistently generate profit, but I continue to improve the method’s accuracy. Loves punk and techno music. Resides in the Tohoku region.

Official site:Kizato Yuu’s Swap FX Life
twitter:https://twitter.com/KizatoFX

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