【Next Week's Outlook】 Week 4 of August +604,989 yen +453 pips【Excellent Performance】
Details of the trade↓↓↓
Good evening everyone, this is Tokoyasan! How is your trading going? Brake Out Method Dominat has shown a significant update in profits since early August.
Trading performance↓↓↓
Method used →【Brake Out Method Dominat】
Entries on NZD/USD crossed the settlement line and were closed immediately, resulting in a loss equal to the spread; other than that, all trades were profitable. In particular, considering the USD/GBP situation, I think it was a good trade that allowed profits to grow. As written in the previous Investment Guide, this trade also yielded profit from the entry after the data release, so I plan to explain it in detail in the product's special supplement.
It went well
This week, on the 30th, the July US Personal Consumption Expenditures (PCE) price index will be released. This PCE price index is expected to rebound from +2.5% in June to +2.6% year over year, but it is within expectations, so unless there is a surprise, there is unlikely to be a major change in the market's September rate-cut expectations.
Considering the weaker growth in the US jobs data, the view that a large 0.5% rate cut in September would occur has faded after the July US retail sales growth on the 15th. Since then, even with the downward revisions to the employment numbers in the BLS report through March 2024 to 818,000, and Powell's 'the time has come' statements at the Jackson Hole meeting toward a monetary tightening, the PCE outcome is unlikely to drastically change the market's view.
What to watch is the change in the outlook for rate cuts within the year. Currently, expectations are pricing in about a 1% cut by year-end. If growth undershoots and broad expectations for large rate cuts expand, we could see dollar selling; if growth exceeds expectations and the expectation for a 0.25% cut later this year persists, dollar buying could be expected.
Another point to watch is the release on the 28th of the revised second-quarter US GDP. If there are deviations from the flash estimate, the figures could move significantly. Depending on the result, it could point to a large cut not in September but in November, which would likely accelerate dollar selling.
When you think about it, next week too there will be opportunities for the Brake Out Method Dominat...Brake Out Method Dominat
Chance!
~~~~~~~~~~~~~~~↓↓↓Features of the method↓↓↓~~~~~~
① By viewing a certain indicator from a perspective different from the usual method,you can visually and easily spot the signs of a breakout. It is based entirely on an original concept and not found in any literature.
② It can adapt not only to ranging markets but also to trending markets, sothe number of trades is significantly higher than ordinary breakout methods. While it is a day-to-swing style method, there is a track record of about 75 trades in two months.
③There is a powerful environment-recognition method that supports breakout trading. A profitable breakout method does not simply identify a range. If you perform environment recognition that matches the breakout method, you can prevent downsides and leverage the upsides.
④ When you spot a breakout sign,install the original EA and automatically complete entries to settlements without looking at the chart. If you think 'Can I trade with limit orders without looking at the chart?', be careful, as you can get caught by breakout fakings!
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Method used →【Brake Out Method Dominat】
Thank you for reading until the end.
I hope this is helpful to everyone.