Hundreds of traders are doing scalping & "EA" completed

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Yesterday, the USD/JPY rose.

It entered the rising zone of the 1-hour chart as I wrote in yesterday’s article.

Millionaire traders’ scalping users, please view the chart by substituting the 1-minute chart for the 1-hour chart.

A pullback formed at the buy/sell reversal point, and later a new high was made, breaking the 1-hour long break line.

The image below is the USD/JPY 1-hour chart.

Recent market tendency shows a Tokyo session range followed by a trend form after European session

This is the current flow.

Two to three weeks ago, the flow was Tokyo trend → European/NYC range.

On a macro level, Tokyo trend → Tokyo range → Tokyo range is broken in Europe/NY by NYC.

Yesterday, after the RBA rate decision, how did the AUD/JPY behave? It moved up and down a bit, then declined.

AUD/JPY 1-hour chart

Again, for Millionaire Traders’ scalping users, please view the AUD/JPY 1-hour chart to see it clear the short break line on the 1-hour chart, indicating the market is moving downward.

Both USD/JPY and AUD/JPY were covered in yesterday’s Investment Navigator Plus articles, so please take a look.

↓↓↓

Yesterday’s Investment Navigator Plus article.

Millionaire traders’ scalping users will already understand, but not only on the 1-minute chart, but on higher timeframes as well,

whether now is a buying waiting or selling waiting moment can be confirmed when you open the chart.

＊Managing price range according to time frame is necessary.

The forex market is a tug-of-war between currencies and a battle of past prices as well.

That is

Tokyo time vs. London time

Tokyo time vs. New York time

and so on.

For example, if USD/JPY is being sold and forms a bottom and then rises for several days,

depending on the time frame, if the current environment is a selling environment, it will eventually break the previously reached low and move lower.

Then the price will continue to fall, expanding the market.

Conversely, if there is no new low and the price rises, it will enter a range, but the duration depends on the chart’s time frame.

On Millionaire Trader’s scalping main chart, 1-minute, this movement is noticeable as daily occurrences; on higher timeframes like 1-hour, it can take days.

Some traders may think the 1-minute chart moves too fast to adapt?

However, except during economic data releases, USD/JPY moves relatively sluggishly, so those who scalp with high volume should adapt by taking positions when there is volume, specifically touching lines of pullbacks or returns where volume is likely to occur.

What is essential is to imagine the post-entry scenario before taking a position.

For example, the final stop-loss line is here, so as long as volume allows, I can take three L positions by that time.

Imagining this kind of scenario is important.

If you learn to view charts from multiple angles and align your positions accordingly, 80% of trading is already complete.

To aid this, there are several Millionaire lines.

Once you can do this, you will evolve into a trader who can identify whether the current market is moving in one direction or another by watching volume and determine if the trend reversed after a stop-out, enabling you to continue taking positions in the same direction until stop-out.

When you have reached this level, I will no longer be needed.

The next challenge is...

In general, although trend-following and contrarian investing seem opposing, understanding these two methods is essential to complete the process from opening to closing a position and to anticipate price movement flows across multiple lines for trading.

Understanding the above and aiming for the masterful completion of discretionary trading, you will continue to trade with dedication.

Today also, Tokyo time starts off subtly.

If it’s messy and hard to understand, decisively give up and look forward to the evening.

Thank you for today as well.