Good morning everyone.

I have replied to all the messages you sent from last night through this morning.

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

I’ve summarized important points for trading.

↓

[Final Version] Billionaire Trader Scalping & Not-So-Ordinary Hedging

Last night there was a sharp drop, and it looked like a scene from the “What the Heck” panorama.

Those who were day trading or holding L positions were probably anxious, but for the billionaire trader scalping users, they were likely waiting to sell, so I don’t think there was much impact.

No matter what, that decline couldn’t be chased, and if you were to test it, you’d be looking at a counter-trend L-position, so those who managed to grab an L-position would have seen instant massive profits.

Ultimately, the reversal point is a daily chart level.

All billionaire trader scalping users, please try looking at it by replacing the 1-minute chart with the daily chart.

The drop likely originated from this

↓↓↓

BOJ's 2024 price outlook to rise above 2% - high likelihood

I think the reaction is a bit overdone, but simply put, it means they will raise the projected inflation rate above the previously planned level. That’s the gist.

At the next BOJ monetary policy meeting, there might be a surprise.

Is Japan finally going to see higher interest rates…

This part is uncertain, but depending on the BOJ, a stronger yen could be expected.

As someone who tends to sell, I’d like to see it drop quickly.

I’m fantasizing that the pound/yen would like to see a big pullback of about 20 yen.

I receive messages from everyone every day, and some of them are private topics.

Conversations about surfing, which is a shared hobby, or discussions among men in their 50s, among other things.

Of course, the majority is about markets and methods, but in terms of trading, sometimes people’s own knowledge blends with the essence of this method, causing them to forget what is most important.

For example, billionaire trader scalping can be practiced with two methods.

1) A breakout method based on multiple lines

2) Trades aiming for pullbacks and retracements starting from multiple lines

That's it.

Regarding ①, it’s simply a breakout beyond the line, but entries can occur when price moves beyond the line, or exit after moving beyond the line, etc.—there are various ways to take positions, but first, whether the timing to take a position is appropriate.

In the manual, there is a section that lists favorable trading times.

At the very least, one should be prepared for those times; whether you are standing by two hours before Tokyo opens, or during the 3 PM volatility after Tokyo closes, you should be mindful not to force a position in low-activity moments, and take a moment to recall whether the situation is actually OK.

Of course the market doesn’t move to fit our plans, so whether that is optimal or not is a matter of hindsight. However, if volatility equals money flowing, then you should be mindful right after the stock market opens or after major economic data releases.

This is a consequence of forex having 24-hour trading hours.

Narrowing the encirclement as much as possible and carefully selecting where to trade is already a form of trading discipline.

Also, although you can see multiple lines as break points, and you can enter after crossing them, it’s better to understand what the chart looked like in the previous time frame—for example, when a downtrend creates a small range and slowly lifts a low, and there is a break line above it.

In this case, instead of jumping on immediately, it’s important to see whether the previous high is higher or lower than the one before it; if higher, breaking through is more likely; if lower, you may break through but then face a pullback at the previous high, making taking profits harder.

By verifying these aspects, you can apply them to your next breakout trade, observing carefully to cultivate your own eye.

Today I deliberately won’t use charts and will convey things in prose, because if I explain with charts, you might focus only on that and miss the broader picture, so I’m aiming to help you form scenarios in your head through text.

Please forgive my lack of literary finesse.

Regarding ② the pullback and retracement.

This involves the commonly defined “trend” that I’ve referred to repeatedly.

• An uptrend is a chart where the highs and lows are rising, a right-shouldered upward trend

• A downtrend is a chart where the highs and lows are falling, a right-shouldered downward trend

When waiting for a long and aiming for a pullback, billionaire trader scalping users need to confirm that the chart has shifted from a selling chart to a buying chart.

Well, I think you’ll understand this by looking at the billionaire chart.

And when it shifts from selling to buying and becomes a buying chart, first check the high labeled as ①.

After ①, typically a pullback occurs, so confirm pullback ②.

And if from there the trend definition continues upward, from ② you aim for ① and create a new high ③ that exceeds ①.

Then, as before, a pullback ④ occurs, and this ④ will be within the zone between ① and ②.

The final pullback is at price ②; if you go long at ② and there is a breakdown below ②, this trade is exited.

This is because the uptrend definition could not be established.

If the trend continues, then you would exceed ③ from ④ and create a new high ⑤.

This point where ⑤ forms is a profit-taking zone.

This trade is the classic discretionary trading path, but the advantage of billionaire trader scalping is that if you can draw multiple lines in the pullback zone ①–②, you can test buying the pullback within that interval with ② as the final target.

What this means is that the final stop-loss point ② is the same point that billionaire scalpers watch.

If there are multiple lines between ① and ②, you can test L-position entries at line touches.

There are two benefits to this.

For example, if there are three lines between ① and ②, you can take a deeper pullback and three layers of average-downs to push from ② upward and take profits, depending on your capital.

The market doesn’t reveal where it will rise between ① and ②.

This helps prevent missed opportunities when you were unable to take an L-position after watching.

If a line is drawn at ③ during the ascent, the breakout becomes more probable.

For breakouts as well, considering this price movement and aiming for a line break increases success rate.

And there is another case where you initiate an L-position on ② and grab the initial move.

This isn’t written in the manual, but it’s a point where experienced traders who know billionaire trader scalping well should try.

When taking an L-position at ②, the stop loss is the prior low before ①, so the stop-loss range is wider than entering at ④.

With this in mind, even for the same trade, you must pay attention to the stop-loss range.

However, if this initial position succeeds, you may be able to seize the entire 1-minute uptrend of billionaire trader scalping, and depending on the price movement, you might manage the position with a trailing stop.

I personally think the effort is worthwhile and actively enter.

Thus, billionaire trader scalping serves as a complement to the “pullback” and “retracement” strategies; by using lines to form a calm trading scenario instead of relying on intuition or mood, you can form a solid plan.

And,

Day trading on the 5-minute and 15-minute charts

For swing trading, the 1-hour chart

For positions, the daily chart

And it can also adapt to higher timeframes.

Of course, the obvious caveat is that the range between ① and ② widens.

Also, for those who want to do a rapid-fire binary options approach, using the 1-minute chart is also a versatile use of billionaire trader scalping’s strengths.

Today I wrote at length in prose; did you all understand my explanation?

Let’s be mindful of BOJ news today as well.

Thank you again today.

Big News

[EA Version] FX’s Not-So-Ordinary Hedging & Entry Tools

Scalping by Billionaire Traders

↓

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

Stress-free unconventional hedging (it’s hard to lose)

FX’s Not-So-Ordinary Hedging

↓

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