1/16 USDJPY Continuation of yesterday's article
I wrote an article yesterday covering the USD/JPY chart up to the evening, including entry points and results, and now I will upload the chart up to just before 11:00 AM on 1/17.
As usual, at 9:00 AM I draw a white vertical line and indicate the entry point with a green vertical line.
USD/JPY 5-minute chart.
There was one stop loss, but all other trades were winning.
※ Rules are applied as explained in the manual
Also, the yellow box marks places where you do not need to enter if the previous position has not been closed.
There is no such thing as absolute in FX.
Therefore, it is not possible to win everything.
Also, for those with experience, you may have heard that professional traders emphasize risk-reward over win rate.
This tool also introduces a 1:1 risk-reward rule, but I think it has a high win rate regardless.
Also, once a certain amount of profit has accrued, you can place the stop at break-even to eliminate actual loss (the so-called draw) or extend profits with a trailing stop, which makes trades with risk-reward 1:2 or 1:3 quite feasible.
And yesterday, long entry conditions were also met on the 1-hour chart.
It is riding a clean upward wave.
The entry conditions were met on the candle confirmed at 18:00 yesterday, I set the stop loss and take profit and slept, and it was taken profit overnight—an ideal development in a way.
I hope to continue posting articles in the future as well.
Thank you for your continued support.
× ![]()