When will the daily range end? This week's U.S. employment statistics?
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Good morning, everyone.
Today is September.
Whether we can rake it in until the end of the year is something I’m hoping the market will reveal.
Today the U.S. market is closed, so basically trades should be kept modest or not done at all.
There’s no volatility.
If we trade, I think it would be around the Tokyo morning session and the London open.
In the Nikkei 15-minute Billionaire Trader chart, there is room for about a 500 yen rise as well.
The Nikkei can also be攻略ed with the Billionaire Trader chart, so please give it a try.
This week there will be a rising cadence of U.S. economic indicators.
In my sense, volatility and ease of making money tend to be through mid-month to around there.
In other words, it’s like breaking out of the late-month two-week range in the first half of the month.
What will happen this month…
Dollar-Yen daily chart & 1-minute chart
As you can see on the daily chart, the yellow □ zone is a range, so this week we will first aim to strike within this range zone.
If buying, pull back lower; if selling, pull back higher.
If it breaks out, you’ll cut losses, and from there it becomes a position-building strategy watching the volume on the Billionaire Trader 1-minute chart.
First, focus on movements within the range and follow the chart.
Although irregular, if the uptrend develops, going long at the upper boundary of the range is a possible trade.
The entry point would be when the Billionaire Trader 1-minute chart flips from selling to buying.
Probably the price range and time will be short, so you’ll want to take profits quickly.
On the 1-hour chart, the first target is around 14,760, so if you’re taking a long position, the target around 14,700 seems reasonable.
If you look closely, pay attention to the switching points on the 1-minute Billionaire Trader chart.
On a side note, looking at recent international news,
America vs. China
There’s a mood of confrontation, with the United States and its allies including Japan, while China is aligned with Russia and North Korea…
that’s how it’s turning out.
The restoration of relations between China and India also feels a bit unsettling.
There’s a theory that Japan could become China in 20 years?
Is America okay with that?
There are such rumor stories, but I don’t know what’s true.
The country called Japan may only exist in the eyes of the Japanese; from overseas it may not exist at all.
Since becoming a professional from the early Heisei era, I’ve seen the government and the real world as a beginner who’s observed them, and there’s a clear sense that the current Japan is different from then.
I don’t know what’s right or wrong anymore.
But one thing I can say is that no matter the situation, with money you can respond in your own way.
Japan today is too cheap.
However, if wages don’t rise while costs reach global levels, Japanese people won’t be able to live.
After all, Japan is a country with a low self-sufficiency rate, heavily reliant on imports, so everything you buy tends to be expensive.
The issue is when that will happen.
The countdown seems to be starting with rice prices at the forefront.
What I recommend as a trader are the following three products.
New Billionaire Trader Scalping: Volume Plus
FX Trading: Not Your Ordinary Hedging
Explosive Birth Indicator: Transition to a Winning Trader
that’s all.
Thank you for your continued support today as well.
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