Mid-week outlook
In this week's outlook, I mentioned a little about the USD/JPY, noting that the monthly target point was just above 151 yen, and I had written a point just above 150 yen, but if you look at what you should be looking at, there was no problem at all.
I think an entry around 149.900 is possible, so if 100 pips ahead is 151 yen, then it would have been taken.
Regarding USD/JPY, there was only that aspect, so I think there were no obstacles.
(After that, from method 503, I will not touch USD/JPY at all.)
REALThe positions in GOLD and AUDNZD in the demo account, which were left without a stop to test whether they would be forced to margin call at around 200,000, resulted in a forced margin call for GOLD around 2729. GOLD reached 2744 dollars.
ThisREALdemo account still has an AUDCAD position, so from here on I will trade with stops and not run experiments.
Until now I have been setting proper stops, but I thought it would be good to show what happens when you leave stops unset and leave positions as-is and see the forced margin call, so
I left the positions as they were for a long time. I decided to try without placing stops, leaving three stops unset. I report that the experiment ended with a forced margin call at 220,000.
The stops I always say are necessary for trading.
Everyone, please absolutely place your stops.
I have proven this.
The table below references the pairs with circles.
From the 503 method, make sure to look at the important areas.
Well then,
these are the currency pairs viewed from the 503 method for this week.
NZDJPY AUDJPY CADJPY USDJPY EURJPY CHFJPY GBPJPY | △ △ △ △ △ △ △ | AUDCHF CADCHF AUDUSD NZDUSD AUDCAD AUDNZD | × 〇 △ × × 〇 | EURGBP EURCHF EURUSD EURCAD EURAUD EURNZD | × △ △ △ × × | GBPCHF GBPCAD GBPAUD GBPUSD GBPNZD USDCHF USDCAD | × × 〇 × 〇 〇 〇 |