[4.10] USD/JPY, EUR/JPY entry points, take the same movement by using different logics +10 pips
[4.10] Dollar/Yen, Euro/Yen entry points, taking the same moves with different logic +10 pips
This morning's Dollar/Yen, Euro/Yen
The movements are similar, but
Euro/Yen has lower volatility,
and, technically, is barely meeting the criteria of the method
If volatility has not yet shown and the logic is barely satisfied, I avoid the trade
On the other hand, Dollar/Yen
Volatility has not yet shown, but
Dollar/Yen has more room relative to the logic
If aiming, I would prefer to choose Dollar/Yen
Having room in the logic means, compared to being on the edge of the criteria,
there is a上下 movement range
If aiming for 1–3 pips in scalping, there is room to capture
In the Euro/Yen situation, even scalping is difficult
Best case is breakeven or a small loss cut as you escape
Additionally, consider spreads between Dollar/Yen and Euro/Yen
Now, another example
Dollar/Yen long after 3 PM
A clear example of the benefit I often talk about: “take profit when it stretches”
For instance, if you set a rule to exit when the moving average breaks, and you don’t exit as it grows, you would have been stopped out
Mentally
“Oh! It stretched! Feels good! But not yet a take profit
⇒Huh? It suddenly fell! It was showing profit… want to retreat but must wait
⇒It breaks! Exit! So was that a loss?
Taking profit at 2–3 pips depends on the moment
There may be times to ride it, but
Even if you ride, when it returns, try to escape around break-even
In FX trading, deciding exits with discretion is sometimes viewed as wrong, but
actually, considering probabilities and mental load, it is quite effective
People might think “chicken profit-taking” will occur, but reducing mental burden eliminates that
“Chicken take-profit” has its drawbacks, but you can design to avoid becoming “chicken,” and
rules that miss out on profits can be mentally taxing unless you have substantial trust in them
“Profit-taking is supreme”
Start by taking profits first
Test, demo-trade, and as you become accustomed, the “chicken” element decreases
According to my mentor and my method’s logic,
the entries aim for points where the price is likely to move a bit
This logic makes a realistic target of “+10 pips in a day.”
Even in non-clearly trending, range-like conditions
with scalping, you can gradually take small profits
What is the published “New Life FX Method”
Aim for 1 day +10 pips to reach 1 million yen per month (with 2–5 hours of trading per day)
Professional traders’ one-minute FX method, explained with smartphone charts
Combining the two methods of a pro trader (teacher) to take the best parts,
Add a logic with clear entry points! Short scalping trades of a few minutes
■ The thinking of the OO Pro Trader (legendary investors Buffett and Soros)
Not a method to “win,” but a method to “make money”
Trade with only the expectation of “going long where the odds of rising are high”
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https://www.gogojungle.co.jp/tools/ebooks/76385
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