Hokutosei's Practical Forex Trading－USD/JPY “Euro selling leads to dollar buying”
■Position changes and signs - June 13, 2024
In the morning in Tokyo, the yen weakened across the board and the dollar strengthened. As European time approaches, the yen weakens across the board and the dollar strengthens. From NY to London fixes, the yen appreciates against the dollar. The yen appreciated against the dollar at the close in NY (the dollar strengthened during the day)
The daily balance changed to 156.75 dollar/yen buy, 1.0775 euro sell, 1.2780 pound sell, 0.6637 Aussie sell, 168.65 euro yen sell, and moved to overnight position.
－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－
■Current position
6/13－BUY＠156.75
(LAST＠157.03）
Downside support-156.87 Rising confirmation points-157.03
－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－－
■Positioning record 2024
6/12－SELL＠156.50
6/07－BUY＠156.10
6/06－SELL＠155.70
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.
× ![]()
