Midweek outlook (second time this week)
The week is ending again,REAL TRADEI would like to summarize the insights gained from it.
In this serialized article, we cover the “Week Ahead Outlook” that appears at the start of the week and the “Midweek Outlook” that appears midweek. These are based on applying the methods from the book published by the author “Three Ways to Easily Earn 100 Pips Even for Busy People” and discusses how these methods were actually traded in real trades (REAL TRADE).
The NZDUSD currency pair had a gap up; at the places where we should watch, I aimed for long entries but were stopped out (I would like to see the movement again at the weekend or start of the week).
Conversely, in AUDNZD, since the level was in a high zone, I was aiming for shorts at the places to watch, but this also was stopped out.
(Now, following the method, I am entering long. If, when I peeked, the amount had reached roughly the stop-out level, I would take profit and observe for a while. When it comes to the places to watch, I plan to enter short and wait for an opportunity.)
This week, if there are currency pairs suitable for entry, I actively enter. Not only once, but multiple times—2 or 3 entries—may be increased. (I don’t fixate on entry timing too much, and enter as soon as the entry point is reached, so I widened the stop loss a bit more than usual.)
Because I try to hold as many currency pairs as possible that have reached the entry point, I keep lot sizes small and actively enter where I can enter in finer steps.
As a method, I select 2 or 3 currency pairs, set stop loss and take profit after entry, and leave them to run toward 100 pips.
This week I summarized the essential fundamentals in this series.
The theme is“The Benefits of Diversified Investment in FX”and the title is“The Charm of FX Diversified Investment: Safety and Profit Expansion (Leverage Part 1: Basic Knowledge)”Please read it when you have time, such as on weekends.
This series continues with “Leverage Part 2: Practical Application” and “Leverage Part 3: Strategy and Risk Management.” (Progress updates will be given as needed.)
Based on this week’s “Leverage Part 1: Basic Knowledge,” I plan to write the next article while observing readers’ responses. (Please like and bookmark it.)
Also, we are offering a method for sale, so please do stop by.
‘Three Ways to Easily Earn 100 Pips Even for Busy People’