As one of the trade techniques: New Billionaire Trader's Scalping, Volume Plus
The Billionaire Trader's Scalping
has won the 2023 GoGoJungle Awards for Excellent Newcomer.
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Good morning, everyone.
Yesterday's USD/JPY moved about 2 yen in range.
Recently, or since when, USD/JPY has become a pair that displays a range similar to GBP/JPY.
Yesterday there was the BOE rate decision, but it was held as expected.
Even though it moved quite a bit earlier, yesterday…
the appeal of GBP/JPY has diminished.
GBP/JPY 1-hour chart
According to the Billionaire Trader’s chart, from the beginning of the month there was a clean downtrend for about 10 days, and now it has shifted into an uptrend; since September 16, the Billionaire Trader long breakthrough line has been rising.
USD/JPY 1-day 1-minute chart
For users of Billionaire Trader’s scalping, the red and blue arrow zones were textbook charts, I think.
The down-zone after the NY start is the same.
And last night there was the US data release for initial jobless claims.
Recently, USD/JPY has been very responsive to this indicator.
The result showed improvement, and USD/JPY rose.
USD/JPY 1-minute chart
The above chart
with the yellow horizontal line as the stop-loss line and taking long positions in the red square zone takes a certain amount of nerve, wouldn’t you say?
That is my own technique introduction.
In particular, for Billionaire Trader’s scalping users,
please look at the 1-minute chart at that moment and
・white horizontal line
・yellow horizontal line stop-loss line
・red square zone
to confirm.
Trading cannot be successful unless you act in a crowd-psychology opposite moment.
To put it another way,
・Why take a position there?
If you don’t have that stance, you tend not to win.
The answer is simple.
Most FX traders do not win.
Also, otherwise, you wouldn’t sell “magical FX information products” that circulate in the market.
You’ll end up buying indicators or signals because you think you can’t do it with your own head.
And you’ll end up failing even more and blowing up…
I think that’s the ending.
Please recall what you did as a child.
Elementary school, middle school, high school, college
In this era, about 10% of students in a class are considered top among all.
Extremely, the world and companies operate with these 10% people.
Others are simply “normal.”
Now, please calmly consider what differentiates the top 10% from the others.
Setting family background aside,
it’s not about whether you knew “how to study” or not—the difference is in that knowledge.
Some people even went to cram schools to learn how to study and made it into the top 10%.
What I want to say is
“A frog in a well”
“Trading with crowd psychology”
If you stay that way, you will never see good results no matter how long you wait.
Even with just one position,
if you take positions in the same situations as everyone else, in the end 70-80% of people will be losing more than they win.
You won’t be winning.
So, how can you enter the 20-30% who are winning?
This is now about mastering your trading method.
If you’re a student, you must master how to study and how to prepare for tests.
I would like you to master the way to trade with
so you can master your trading method.
This isn’t about my product, but
you should realize it already…
Today is the Go-To day → Tokyo measuring line → Bank of Japan → Governor Ueda’s press conference
continues.
Be careful not to expect too much from the overnight rate reference.
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