【U.S. Economic Indicators】8/14 ＋16,4627 yen +139 pips 【Summer Slump Market】
Good evening, everyone!
How have you been?
While the world is in the midst of the Obon holiday, I had solid work to do ( ;∀;)
Even during Obon holidays, the market is no exception, and as the saying “summer lull in the market” suggests, August tends to see lower trading activity in stocks and foreign exchange. Specifically, as more investors take summer vacations, fewer participants are in the market, and volatility (the range of price movement) can decline. In Japan, Obon is the focus; abroad, it corresponds to the summer vacation season.
Even so, [Brake Out Method Dominat] yielded profits yesterday.
Total +164,627 yen +139 pips
Since August began, I waited for a breakout at highly advantageous points, and finally the opportunity came (perhaps a rebound from July’s large movements)…
I had other EAs running as well, but there has been no major movement so far, and there were no entries. I had expected the CPI from the US economy data yesterday, but the result was the same as expected, a 2.0% month-over-month increase, and the market reaction was lackluster.
That said, I’m not discouraged by any losses, and I plan to continue taking it easy. I will also be careful to secure profits at the right times and avoid overtrading in the future.
Today, there are numerous economic indicators scheduled, including the US Federal Reserve Manufacturing Index, unemployment claims, the Philadelphia Fed Index, retail sales, import prices, and the Industrial Production Index, but I will continue to leave the EA running as is.
Technique used → [Brake Out Method Dominat]
~~~~~~~~~~~↓↓↓Features of the method↓↓↓~~~~~~~
① By viewing a certain indicator from a perspective different from the original method, it visually and easily identifies a sign of a breakout. It is based entirely on an original concept not found in any literature.
② It can be applied not only to simple range markets but also to trending markets, so the number of trades is far greater than with typical breakout methods.It is a day-to-swing style method, yet there is a track record of about 75 trades in two months.
③There is an environmental‑awareness method that strongly supports breakout strategies. A profitable breakout method does not simply find a range; by aligning environmental awareness with the breakout method, you can prevent drawbacks and maximize advantages.
④ When you spot a breakout sign you can install the original EA, and without watching the chart, entries and exits are completed automatically. If you think you can trade with limit orders without looking at the chart, be careful—the breakout can be subject to false moves!
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Thank you very much for reading to the end.
I hope this has been helpful to you.