Billions of traders are doing scalping & 【EA version】 FX's unusual hedged trades
Good morning, everyone.
I have replied to all messages I received from last night through this morning.
If there are still people whose messages have not arrived, please let me know via message.
*Occasionally, I may overlook them.
*To all users who are extreme traders, scalping, and not your ordinary hedged FX users
This Investment Navi+ is something I would like you to read every day, if possible.
I am writing articles that supplement the manual, so I hope you will apply them in your daily trading activities.
There are important things about trading summarized here.
↓
[Definitive Edition] Extreme Trader Scalping & Not-So-Elective Hedging
Extreme traders' scalping can employ two methods.
Where will the global glut of money phenomenon end?
No, even now, the traders in the dealing rooms of institutions around the world are younger than me, and are being tossed by markets they have never seen, perhaps throwing customers' money around carelessly?
Rather than the former, it seems they are closer to simply going with the flow...
The headline image is a dollar-yen monthly chart.
We are approaching a decisive point, but the answer is a four-way choice.
① Break through as is
② A major crash
③ Next year will be a range
④ A decent pullback
What do you think?
As of 9:30, the USD/JPY 1-hour chart shows a slight dip.
For Extreme Traders' scalping users, if you watch USD/JPY on a 1-minute chart, you can respond to both buying and selling, soideally, you would monitor in USD/JPY.I am replying to messages while writing the article, so please forgive the time lag of the article.How long will the world's institutional investors keep dancing the charts?I was disappointed with the Bank of Japan yesterday.Principally, they said they would keep 1% but would adjust by about 0.5% as needed, which was the Governor's opinion.It reminded me of a scandalous Johnny's agency asking someone for approval before holding a deferential press conference.Because of that, yesterday I wasthe last day of the month,in European winter time,focusing only on the London FIX pound-yen trade.By the way, last year on the same day, the moves were dull...So what happened last night?The image below is a 1-minute chart of pound-yen.From 17:00 it had been rising steadily, so not taking a position there left a certain unease.Extreme traders' scalping users, please look at the pound-yen 1-minute chart for this time period.In the end, you might think it would have been better to aim for a long position earlier in European time.The blue vertical line and red horizontal line should be checked on the 1-minute Extreme Trader chart.I was considering a long position targeting 25:00 with the blue vertical line.But here, the red circle shows the high could not be updated, and the next point, after a lower wick, rose horizontally yet price moved higher, so I wasn't sure which way it would jump...Anyway, the long breakout line had been drawn, so I decided to go long on that pullback (L position), short it at ①, then buy again at ② to take profit and exit.In the end, it didn’t skyrocket; it was just normal.Still, the winning position yielded a little over 10 pips, so it turned out fine.After that it rose further, then suddenly fell. As of 10:30, it is moving at the low of that drop.If not for a too-strong bias, it would have been easy to take in the evening, but markets don’t move to fit our schedules, so we must keep that in mind.Otherwise, you’ll easily fall into the position-trading habit and lose capital.Losing capital...This can be so damaging that you’d wish you had never had the funds from the start...I've traded FX for a long time, but in my experience, gradually becoming better at trading and winning over a long period isn't very common.I think so."I think I will win suddenly."During the first five years I started trading, I think I paid around 10 million yen every year.Back then there was FX Online Japan, which is now IG; I was their casualty.At that time, even domestic accounts had 200x to 400x leverage, so losing 100,000 yen was easy.What caused my sharp turn was realizing that if I identify reversal points in FX, I wouldn't lose, and I started looking for reversal points.↓↓↓This is also discussed in an interview with Gogojan.The same logic applied to the pound-yen 15-minute chart I was watching back then, and to the Extreme Trader scalping 1-minute chart that you all use.However, on a 1-minute chart, pullbacks and retracements are easier to recognize, easier to catch, and easier to set stop losses.This is a matter of time frame, so you need trading that matches that time frame, including risk management and exit management.Returning to the topic of "sudden improvement," planting seeds and watering them to bloom is not a patient approach.Despite many losses, I recovered and turned it around through self-study on my own terms.Whether you are using Extreme Trader's scalping or FX's not-so-ordinary hedging users,you understand the way to trade, I believe.In particular, Extreme Trader scalping is the royal road of trend-following trading.There are trend-following and contrarian elements within trading, and both exist.HoweverGenerally, trend-following and contrarian methods seem opposite, but understanding these two approaches allows you to complete a trade from open to close.Understanding this true royal path and refining your own skills is what I think those who purchased Extreme Trader's scalping should do.Also, the EA version of hedging & EA entry tool I am currently developing will be most effective once you understand this royal path.All the EAs sold by Gogojungle are the same.That is, if USD/JPY is buying on the 1-hour chart, the B-band widens, the MACD crosses up, and the two indicators rise in parallel.Stochastic sticks to the top, and RCI is at the ceiling too.How can you trade without understanding or explanation?That is my belief.If you merely jump into EAs because they are easy, you will end up blowing your account.You should understand that profits appearing without understanding are just a coincidence.The reason I reply to everyone’s messages around the clock is that through our interactions, you will discover the essence of FX trading and be able to maximize the value of the products you purchased.The new EA product is a fully finished product whose specifications were set to something I can personally be convinced of.Currently undergoing operation verification and certification, but given the volume of interactions with you all, I cannot manage alone, so with this new product, my company's programmers will remain on duty in the buyers' community to respond to your questions in real time.Anyway, you have learned the method of discretionary trading, so you should trade with affordable amounts and at reasonable times to make trading your own.From my conversations with you, I feel that you should trade without injecting your own subjective biases.Becoming a different person overnight is actually easier than you might think.Thank you for your continued support today.Big News[EA Version] FX's Not-So-Ordinary Hedging & Entry ToolScalping done by Extreme Traders↓https://www.gogojungle.co.jp/tools/indicators/42559Stress-free irregular hedging (it hardly loses)FX's Not-Ordinary Hedging↓https://www.gogojungle.co.jp/tools/ebooks/19435
ideally, you would monitor in USD/JPY.
I am replying to messages while writing the article, so please forgive the time lag of the article.
How long will the world's institutional investors keep dancing the charts?
I was disappointed with the Bank of Japan yesterday.
Principally, they said they would keep 1% but would adjust by about 0.5% as needed, which was the Governor's opinion.
Because of that, yesterday I wasthe last day of the month,in European winter time,focusing only on the London FIX pound-yen trade.By the way, last year on the same day, the moves were dull...So what happened last night?The image below is a 1-minute chart of pound-yen.From 17:00 it had been rising steadily, so not taking a position there left a certain unease.Extreme traders' scalping users, please look at the pound-yen 1-minute chart for this time period.In the end, you might think it would have been better to aim for a long position earlier in European time.The blue vertical line and red horizontal line should be checked on the 1-minute Extreme Trader chart.I was considering a long position targeting 25:00 with the blue vertical line.But here, the red circle shows the high could not be updated, and the next point, after a lower wick, rose horizontally yet price moved higher, so I wasn't sure which way it would jump...Anyway, the long breakout line had been drawn, so I decided to go long on that pullback (L position), short it at ①, then buy again at ② to take profit and exit.In the end, it didn’t skyrocket; it was just normal.Still, the winning position yielded a little over 10 pips, so it turned out fine.After that it rose further, then suddenly fell. As of 10:30, it is moving at the low of that drop.If not for a too-strong bias, it would have been easy to take in the evening, but markets don’t move to fit our schedules, so we must keep that in mind.Otherwise, you’ll easily fall into the position-trading habit and lose capital.Losing capital...This can be so damaging that you’d wish you had never had the funds from the start...I've traded FX for a long time, but in my experience, gradually becoming better at trading and winning over a long period isn't very common.I think so."I think I will win suddenly."During the first five years I started trading, I think I paid around 10 million yen every year.Back then there was FX Online Japan, which is now IG; I was their casualty.At that time, even domestic accounts had 200x to 400x leverage, so losing 100,000 yen was easy.What caused my sharp turn was realizing that if I identify reversal points in FX, I wouldn't lose, and I started looking for reversal points.↓↓↓This is also discussed in an interview with Gogojan.The same logic applied to the pound-yen 15-minute chart I was watching back then, and to the Extreme Trader scalping 1-minute chart that you all use.However, on a 1-minute chart, pullbacks and retracements are easier to recognize, easier to catch, and easier to set stop losses.This is a matter of time frame, so you need trading that matches that time frame, including risk management and exit management.Returning to the topic of "sudden improvement," planting seeds and watering them to bloom is not a patient approach.Despite many losses, I recovered and turned it around through self-study on my own terms.Whether you are using Extreme Trader's scalping or FX's not-so-ordinary hedging users,you understand the way to trade, I believe.In particular, Extreme Trader scalping is the royal road of trend-following trading.There are trend-following and contrarian elements within trading, and both exist.HoweverGenerally, trend-following and contrarian methods seem opposite, but understanding these two approaches allows you to complete a trade from open to close.Understanding this true royal path and refining your own skills is what I think those who purchased Extreme Trader's scalping should do.Also, the EA version of hedging & EA entry tool I am currently developing will be most effective once you understand this royal path.All the EAs sold by Gogojungle are the same.That is, if USD/JPY is buying on the 1-hour chart, the B-band widens, the MACD crosses up, and the two indicators rise in parallel.Stochastic sticks to the top, and RCI is at the ceiling too.How can you trade without understanding or explanation?That is my belief.If you merely jump into EAs because they are easy, you will end up blowing your account.You should understand that profits appearing without understanding are just a coincidence.The reason I reply to everyone’s messages around the clock is that through our interactions, you will discover the essence of FX trading and be able to maximize the value of the products you purchased.The new EA product is a fully finished product whose specifications were set to something I can personally be convinced of.Currently undergoing operation verification and certification, but given the volume of interactions with you all, I cannot manage alone, so with this new product, my company's programmers will remain on duty in the buyers' community to respond to your questions in real time.Anyway, you have learned the method of discretionary trading, so you should trade with affordable amounts and at reasonable times to make trading your own.From my conversations with you, I feel that you should trade without injecting your own subjective biases.Becoming a different person overnight is actually easier than you might think.Thank you for your continued support today.Big News[EA Version] FX's Not-So-Ordinary Hedging & Entry ToolScalping done by Extreme Traders↓https://www.gogojungle.co.jp/tools/indicators/42559Stress-free irregular hedging (it hardly loses)FX's Not-Ordinary Hedging↓https://www.gogojungle.co.jp/tools/ebooks/19435
By the way, last year on the same day, the moves were dull...
So what happened last night?
The image below is a 1-minute chart of pound-yen.
Understanding this true royal path and refining your own skills is what I think those who purchased Extreme Trader's scalping should do.
[EA Version] FX's Not-So-Ordinary Hedging & Entry Tool
Scalping done by Extreme Traders
↓
https://www.gogojungle.co.jp/tools/indicators/42559
Stress-free irregular hedging (it hardly loses)
FX's Not-Ordinary Hedging
↓
https://www.gogojungle.co.jp/tools/ebooks/19435