[6.5]Dollar/Yen and Australian Dollar/Yen entry points, how to trade in a market that doesn’t move?
[6.5] USD/JPY and AUD/JPY entry points, how to trade in a ranging market?
In this situation, USDJPY and AUDJPY
USD/JPY also seems to meet the logical conditions
So, even if you’re just watching USD/JPY, you’re waiting for a chance
That’s fine, but
When you look at the left monitoring chart...
the yen is being bought
the Australian dollar is being sold
I think you can understand that
Since the initial move is important, what you should watch for is
It’s late once strong/weak trends are clearly established, but
according to my currency strength logic,
I have clearly coded where to target around that area
That aside,
from looking at this chart, simply
the AUD/JPY is a more favorable target than USD/JPY
Next, consider trades by factoring in spreads and other considerations
The method I am currently practicing is here
(I have also added a currency strength filter here)
★★ Reliable trading with only +10 pips per day (about 2–5 hours per day) ★★
Two methods learned from real professional traders (mentors),
combined to a good effect,
added a logic that clarifies entry points
Not “to win,” but to earn through trading
Trade with the expectation of “going long where the win rate is high”
https://www.gogojungle.co.jp/tools/ebooks/76385
You can win with just this!
An explanation on using currency strength in trading (with indicators)
Chart monitoring and trading logic
https://www.gogojungle.co.jp/tools/ebooks/80331
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