【Huge profit ・ Method explanation】10/4～7 +374,495 yen +355 pips【Breakout】
Good evening, this is a barber (*´ω｀*)
All of the positions have been realized for profit since after last week’s US employment statistics.
The trading details are as follows.
Dollar/Yen extended more than expected, so the entry was closed immediately after; for other currencies, all were profitable. In particular, GBP/JPY yielded a single move of 210 pips, about 210,000 yen in profit.
This time as well, I would like to look at what trades were made while viewing the actual chart.
This is the 1-hour chart of GBP/JPY (no necessary indicators are displayed).
① Based on the method, perform environment recognition and wait for the indicator-based setup detection.
② From 10/4 4:00 (Japan time 10:00), EA setup detection becomes possible.
③ Determine the breakout line and the settlement line, and place the EA.
④ 10/4 15:00 (Japan time 21:00) breakout confirmed.
⑤ The EA executes automatic entry and exits at the profit-taking line (not shown, but stop loss is also properly set).
How was it?
Key characteristics of the method include a relatively large time cushion. This time, too, there was about a 10-hour grace period from the EA setup detection, and you could set the EA during that time. If you read the method, the EA setup detection by indicators is easy to understand at a glance, so even beginners have no problem.
It is simply a matter of selecting currencies based on environmental recognition and placing the EA, which provides both temporal and mental ease and fits well with my part-time lifestyle, making it valuable. Environment recognition does not change direction drastically every day, so it does not become a heavy burden. And most importantly, profits are large on average and win rate is high, which is also pleasant (*´ω｀*)
Used method → 【Break Out Dominat】
Now, moving on to future prospects.
USD/JPY on the 4th surged after the US employment statistics release. The US September employment report showed employment growth exceeding expectations, and the unemployment rate declined more than expected, indicating the US labor market remains firm. The market reflected the fading of expectations for rate cuts by the Federal Reserve, and USD/JPY rose to around 149. The key question is how much room there is for reconsideration of rate cut expectations.
The market has already priced out a 50bp move for November rate cuts in US rate futures after the September employment data. To push the dollar higher from here, futures must broaden to expect no cuts (hold). While recent USD/JPY trends toward further gains, there isn’t strong material support to sustain further gains. We should aim for a breakout on pullbacks, while high-price breakouts may be considered depending on the data.
In summary, a breakout on pullbacks guided by the method seems possible around cross-yen pairs, but for breakouts reaching new highs, we will need to watch upcoming information. In any case, observe the method’s environmental recognition and indicators carefully.
～～～～～～～～Summary of this method～～～～～～～～～～
① By interpreting a certain indicator from a perspective different from its original usage, you can visually and easily spot a breakout precursor. It is based on a completely original concept and is not described in any literature.
② Not only simple ranging markets but also trending markets can be accommodated, so the number of trades is far 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.
③ A powerful environment-recognition method supports the breakout method. A profitable breakout method does not simply identify range markets. By performing environment recognition that suits the breakout method, you can avoid drawbacks and maximize benefits. The product’s special appendix includes concrete explanations from the developer’s perspective, helping beginners perform environment recognition and trading from the same viewpoint.
④ When you detect a breakout precursor install the original EA and even without looking at the chart, entry through exit will complete automatically. If you think you can trade with limit orders without looking at charts, beware of being trapped by breakout false signals!
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Thank you for reading until the end.
Used method → 【Break Out Dominat】