[Important] Movement of USD/JPY from August 1st - Navi+ - GogoJungle | Auto Trading - Market Analysis

Good morning everyone.

Yesterday's USD/JPY moved about 1 yen in range.

Recently, it’s reasonable to expect about a one-yen move in USD/JPY.

Conversely, when it moves less than that, you can judge that it’s not moving or lacks volatility and consider avoiding trades.

That said, there are cases where it can extend beyond that, so having your own sense of discerning opportunities is important, I think.

What I’m going to discuss from here is something I’ve written about many times in this Investment Navigator; it’s a very important part of my own discernment.

Knowing other people's discernment is also a methodology, isn’t it?

I think so, so please use it as a reference.

On top of that discernment, your own trading success rate can improve; conversely, you could say that discernment exists to increase your success rate.

After that discernment

New Billionaire Trader Scalping - Volume Plus

FX Trading Not Ordinary - Hedging

Explosive Indicator - Transition to Winning Trader

The success rates of these techniques above will also improve.

The chart below is the USD/JPY 1-hour chart from August 1st.

In my view, for intraday trades, the preparation before taking a position can be adequately assessed on the 1-hour chart.

90% of trading is waiting.

The USD/JPY fell sharply after the US jobs data was released.

The downward move is indicated by the white horizontal line as a short-shift point.

What I’m always looking for in trends or ranges is the accumulation of candles, like the yellow line.

Sometimes it’s two candles, sometimes several.

Since it’s a 1-hour chart, the points are roughly 2 to 5 hours ahead.

This is a retrospective explanation, but as soon as the first one or two candles form, I lock on and monitor.

Ranges or portions where candles line up horizontally will eventually break either up or down.

I don’t know which way, but a breakout is certain.

If the uptrend continues, the probability of breaking upward may be higher.

As part of the discernment, cultivate a habit of looking for these situations.

Habits. Make it a habit.

This is the bottom, and it will rise from here.

This is the top, and it will fall from here.

This is how I look at things.

After that, as I showed earlier

①New Billionaire Trader Scalping - Volume Plus

②FX Trading Not Ordinary - Hedging

③Explosive Indicator - Transition to Winning Trader

and, choosing the method that suits you, easy to use, and fits the current market

for scalping, ①③

for large counter-trend plays, ②

that’s how it goes.

I think charts are similar to weather maps.

Forecasting future weather based on data.

Trading is the same, making trading decisions based on past data.

There may be accuracy issues, but the mechanism or construction is the same, I believe.

There is no method that guarantees you will always win or profit simply because you use it.

If there is any, it would be a "delusional method."

Develop your own analytical skills and timing, build them yourself, test them in trading, and make them your method.

I think this is it.

This morning I’ve conveyed that foundational discernment in my own way.

This week on Thursday the BOE will release its cash rate.

At this stage, expectations are for a rate cut, so the pound may trend lower.

On the dayFX Trading Not Ordinary - Hedging

I plan to capture a big move.

Probably a straightforward trade.

Also, it will be a winning trade.

The current USD/JPY 1-hour Billionaire Trader chart is showing signs of turning from selling to buying.

From around 14,770, will it start buying...

If it falls below 14,730...

The three products I recommend as a trader are below.

New Billionaire Trader Scalping - Volume Plus

FX Trading Not Ordinary - Hedging

Explosive Indicator - Transition to Winning Trader

That's all.

Thank you for today as well.