【GogoJungle Award 2024 Winner】New Billionaire Trader's Scalping Volume Plus
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Hello everyone.
Last night’s FOMC was held at hold (no change).
The Bank of Japan also kept rates unchanged.
In the end, the yen has weakened by a little over 2 yen.
As for the stock prices, both Dow and Nikkei are in a downtrend.
After this, there will be Premier Ueda’s press conference, the British BOE, and US data, and most of this year’s events will be over.
Next week, with overseas Christmas holidays involved, trading will likely be put on hold.
What remains is the London FIX on the 31st, the last day.
In recent years, the last day of year’s London FIX has lost some of its power compared to the past.
Last year’s last-day GBP/JPY FIX fell about 60 pips in a matter of minutes.
Will this year move to roughly that extent or less?
There used to be moves of around 3 yen back and forth, and those times were truly delightful with New Year’s money gifts.
I miss those days.
Now, with the yen continuing to weaken, looking at the dollar/yen on a long-term monthly chart for confirmation
Millionaire traders, please confirm the rise from the yellow circle’s support on the monthly chart.
And also check the volume as it develops.
Although the timeframes differ, the visual impression is the same.
If it continues to rise, will it break above the recent high visible on the daily chart?
If it breaks, 162 may become visible.
Even though the interest rate differential between Japan and the US is narrowing, it could lead to yen weakness rather than strength.
Gas prices may rise.
Prices are rising.
There are various factors, but right now there is no sense of a bargain.
I think the government would like to tell citizens to “get used to it.”
They’re talking about a 1.03 million yen income threshold, but that doesn’t affect me much.
Even if that threshold is abolished, if overall living costs rise further, it would be like adding water to a scorching stone, wouldn’t it?
That’s my thought.
Represented by Ishikawa Takuboku
“While I work hard, my life does not become easier; I only look at my hands in quiet despair
I sense that I may fall into this situation.
If the Japanese government's policies are almost nothing, perhaps the only remaining path is self-help, which brings a sense of disappointment.
However, as traders, we should not give up; rather, a welcoming market will come.
A storm of volatility is coming.
Traders who plan to make a living from trading will need trading skills that fit daily market conditions.
I think it’s important to acquire those skills as soon as possible.
Markets can be broadly categorized into three: uptrend, downtrend, and range.
Put simply, you should build methods suited to these three scenarios.
I wrote about this thingyesterday
This year’s trading is almost over.
Take this opportunity to study from scratch and ride the Trump-style market.
At 15:30, Ueda, the BOJ governor, began his press conference, and since the settings at GMO Click Securities’ Foreign Exchange Options were lenient, I tried a hedge both ways.
Both sides yielded 232 yen, so I booked profits at 630 yen.
I secured a profit of 39,800 yen with 398 yen as profit.
If it moves lower, it could reach about 80,000 yen in profit, but that might be difficult.
It’s okay to have earned 39,800 yen in less than five minutes.
Thank you for your continued support today as well.
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