【Explosive Profit】8/16 Net Profit +204,638 +179 pips 【US Retail Sales】
Good evening! This is Tokoyasan (*‘∀‘)
Yesterday, I was able to skillfully catch a breakout to the upside, mainly in the cross currency pairs.
Used method →【Brake Out Method Dominat】
The take-profit point was expected to be far away, and since momentum faded by morning, taking profit once proved to be advantageous. Yesterday, there were many U.S. economic indicators released; how was your trading?
With the July U.S. retail sales report showing a higher-than-expected gain, dollar buying strengthened. In the market, expectations for a rate cut at the September FOMC are still kept, but the possibility of a large 50 basis point cut has markedly diminished, and the probability of a large cut in the short-term money market is said to be around 25%.
The soft landing expectations rose with the U.S. retail sales release yesterday, and stock gains supported USD/JPY from a lower level. With the Bank of Japan's additional rate hike expectations temporarily retreating, the focus will be on whether the 150-yen level can be recovered, or if selling pressure from the upside will win out.
Throughout August trades, I realize that staying calm and waiting patiently for my strong setups to arrive leads to profits. I will continue to spend time slowly, hoping for opportunities to break out.
~~~~~~~~~↓↓↓Features of the method↓↓↓~~~~~~~
① By perceiving a certain indicator from a viewpoint different from the original method,you can visually and easily spot the early signs of a breakout. It is based entirely on an original concept and is not found in any literature.
② It can be applied not only to simple ranging markets but also to trending markets,so the number of trades is dramatically higher than 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 a strong environmental awareness method that supports breakout methods. A profitable breakout method does not simply identify range markets. If you perform environmental awareness that suits breakout methods, you can prevent drawbacks and maximize benefits.
④ When you spot a breakout signalyou can install an original EA so that entries to exits are completed automatically without watching the chart. If you think you can trade with limit orders without looking at the chart, beware of breakout false moves, as you may fall for them!
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Used method →【Brake Out Method Dominat】
Thank you for reading until the end.
I hope this is helpful to everyone.