[Future Prospects] August income and expenditure +958,140 yen +811 pips [Breakout]
We were able to end August with a positive balance.In the first half there were no valid breakout points,and the days of waiting continued, but due to that reaction, we achieved substantial profits in the second half.It wasn’t a one-sided trend like last month; it was a market that repeatedly saw stagnation and breakouts, yet I think we were able to seize opportunities.
Used method →【Brake Out Method Dominant】
On the 6th of next week, August's US employment statistics will be released. Including September, a very large price movement is expected to gauge future rate cuts’ pace.Last July’s employment data showed non-farm payrolls well below market expectations. Moreover, the unemployment rate unexpectedly worsened, rising from 4.1% in June to 4.3.
This time’s forecast is non-farm payrolls at +165,000, an improvement from the previous month. Since the Bureau of Labor Statistics had revised downward, the impression may be weaker than it appears?
However, even if it falls short of expectations, the outlook for a 0.25% rate cut in September remains the consensus. If that happens, the pace of future rate cuts, including November, may accelerate, leading to dollar weakness, which could present breakout opportunities.
~~~~~~~~~↓↓↓Characteristics of the method ↓↓↓~~~~~~~~~
① By viewing a certain indicator from a perspective different from the original method, visually and easily identifying the sign of a breakout. This is based on a completely 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 it yields far more trades than typical breakout methods. It is a day-to-swing type method, yet there is a track record of about 75 trades in two months.
③ There is a powerful environmental recognition method that supports breakout methods. A profitable breakout method does not simply identify a range; by performing environmental recognition that suits the breakout method, you can avoid drawbacks and maximize advantages.
④ When you detect a breakout omen simply installing the original EA will automatically complete the entry to exit without looking at the chart. If you think you can trade by limit orders without looking at the chart, be careful—you may get trapped by breakout traps!
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Used method →【Brake Out Method Dominant】
Thank you for reading to the end.
I hope it will be helpful to everyone.