Is the world rushing into a new world? Or...
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Good morning, everyone.
Yesterday's USD/JPY moved with a modest range of about one yen.
The Nikkei average remains around the 43,000 level, an all-time high.
I wonder where that power comes from.
The United States is likely to keep buying heavily on expectations of a rate cut in September.
Buyers beget more buyers, and a new world market seems possible with this momentum.
Well, movement is a good thing, so that should be fine.
The question is how long it will last?
If it collapses, the market avalanche will happen in no time.
Then global institutional investors will pull their funds aggressively.
What happens then?
The money game will end suddenly.
That said, that realm is known only to God.
We, small-time FX traders, get a share, sweep up little coins with a gathering rake—that is our job.
Recognize that and sharpen your own method.
Yesterday's USD/JPY 1-hour and 1-minute charts
Since it's Monday, it moved sluggishly, but after the London session started, it hit the day's low.
From there, the billion-dollar trader 1-minute chart turned to buy with red stars, and it surged upward.
The key points are
・Right after the London open
・Moves after the day’s low
This is hindsight, but the Billionaire Trader Manual notes the optimal trading times to anticipate such outcomes.
In simple terms, this is where lots of money moves.
Just as you won't catch fish where there are none, you won't catch them unless you drop your line where there are many fish.
Waiting for opportunities where there is no money trading won't work.
Trade where there is a lot of money moving to make a splash.
This week, indicators from the EU manufacturing sector will continue.
There will also be the FRB-related items by the weekend.
Using these as bait to face trades and the market is, I think, the first step to winning.
What I, as a trader, recommend are the following three products.
New Billionaire Trader's Scalping: Volume Plus
FX Trading: Not Your Ordinary Hedging
Explosive Indicator: Turning into a Winning Trader
Thank you for your continued support today as well.
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