Hokutosei's Practical Forex Trading－USD/JPY “Sell at 155.70”
FX
■Position changes and signs - June 6, 2024
In the morning in Tokyo, the yen appreciated against the dollar across the board. As European time approaches, the yen depreciates across the board and the dollar depreciates. From NY to London fixes, the yen appreciates against the dollar. At the close in New York, the yen appreciated against the dollar across the board.
The daily balance changed to USD/JPY selling 155.70, and we moved to an overnight position.
Bank of Japan Councilor Nakamura's comment, ``I think it's a bit early to raise interest rates at this point in time,'' caused the yen short to flare up again. New York remained motionless with no sense of direction, and the dollar weakened toward the close.
－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－
■Current position
6/06－SELL＠155.70
(LAST＠156.65）
Decline confirmation point-155.78 Return resistance-156.03
－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－
■Positioning record 2024
6/05－BUY＠155.80
6/03－SELL＠156.80
5/31－BUY＠157.25
5/30－SELL＠157.00
5/17－BUY＠155.60
5/15－SELL＠156.30
5/06－BUY＠153.40
5/01－SELL＠156.25
4/30－BUY＠156.77
4/29－SELL＠156.36
4/05－BUY＠151.63
4/04－SELL＠151.33
4/01－BUY＠151.39
3/27－SELL＠151.35
3/12－BUY＠146.90
3/05－SELL＠150.11
3/04－BUY＠150.43
2/29－SELL＠150.55
2/21－BUY＠150.16
2/20－SELL＠150.01
2/19－BUY＠150.10
2/15－SELL＠150.48
2/07－BUY＠148.03
2/06－SELL＠148.44
2/02－BUY＠146.70
1/31－SELL＠147.41
1/30－BUY＠147.60
1/29－SELL＠147.71
1/25－BUY＠147.65
1/24－SELL＠147.95
1/15－BUY＠145.11
1/12－SELL＠145.35
1/09－BUY＠144.45
1/08－SELL＠144.63
1/02－BUY＠141.50
－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－
■Trading method
[Basic concept]
When rising, use the previous day's true range value of 0.618...
The price subtracted from the previous day's high price supports the downside.
The price added to the previous day's low price is the confirmation point for resuming the rise.
When falling, the previous day's true range value of 0.618...
The price subtracted from the previous day's high price is the confirmation point for the resumption of decline.
The price added to the previous day's low is the resistance to reversal.
[Buying and selling policy]
When rising, push the downward price support to rise confirmation point to the formation zone and take a buying stance.
At the time of a decline, move the decline restart confirmation point to the return resistance to the return formation zone and sell stance.
If there is an anti-trend movement that exceeds the reversal resistance and downside support, there will be a counter buy and sell.
×![]()
Is it OK?