Stardust Edge Trade October 4, 2023 Dollar/Yen Plunge Notable AUD

“Stardust Edge Trade”

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Last night the USD/JPY plummeted, and the topic of “intervention” was all the talk, but what is really going on?

It’s a pity that trades with unrealized gains were cut.

In such sharp upswings and downswings, technical analysis can’t do much, so you have to set a stop loss properly for each trade to defend yourself.

However, once you set a stop loss, further losses won’t occur, so you must design a tolerable loss in advance.

“Stardust Edge Trade” also explains the stop-loss setting criteria.

Let’s look at each chart.

USDJPY 15-minute chart

Because there was a sharp drop last night, today’s trading was postponed.

However, an uptrend signal is present. Profits have been made with trades following the signal and method, but I wasn’t inclined to act.

AUDUSD 15-minute chart

What’s a bit concerning is the Australian dollar area. The downtrend had continued for a while, but currently there is a moderate uptrend visible.