USDJPY: What goes up.. Must come down. Massive Trading Lesson
Looking at the USDJPY will provide perhaps the most important lesson in trading you can find. Ascertaining what is Market value; what is a high price (and what your decision needs to be) VS what is a low price and what you should do.
The USDJPY is a classic example. Price has rallied for 22 months or so and the price has risen enormously. This is OVERSOLD and you can see how Traders (Who know what they are doing) have moved into the market and pushed it down. We called it and said this would happen because we looked at the market from a factual non biased perspective.
We also looked back to key price action levels to determine what further adds to the concoction (evidence) for a short.
Tie it all together and you get a fall you can take gains on. We can now look for further falls after price pops until we reach Price levels to get final exits, again using our knowledge of market value.
All in all, when trading any market, just do it factually. No stories. High price V Low. That's what works!
I hope that helps as always!
The USDJPY is a classic example. Price has rallied for 22 months or so and the price has risen enormously. This is OVERSOLD and you can see how Traders (Who know what they are doing) have moved into the market and pushed it down. We called it and said this would happen because we looked at the market from a factual non biased perspective.
We also looked back to key price action levels to determine what further adds to the concoction (evidence) for a short.
Tie it all together and you get a fall you can take gains on. We can now look for further falls after price pops until we reach Price levels to get final exits, again using our knowledge of market value.
All in all, when trading any market, just do it factually. No stories. High price V Low. That's what works!
I hope that helps as always!
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Exit shorts as we fall to comfortable Early supportบันทึก
After taking short side profits, look to RE short again so we can take gains on RE tests. Use inference and See where traders are looking to short (based on where they did previously)
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Out again at second target for gains.บันทึก
Get RE short looking for intraday gainsบันทึก
Exit again for profit.บันทึก
So now you’ve shorted 3X. You made money. Do not listen to the guys who buy highs... it can hurt!บันทึก
Exit all shorts and start to get lightly long for fast exits.บันทึก
Exit light longs for more gains.บันทึก
And BOOM down it goes... Now is the time to trade very lightly on longs. Do not Weigh in!บันทึก
Coming down to REASONABLE light support circa 139.650 if you are long it must be lightบันทึก
Kill all shorts. Way down on the fall, early exits on longs taken.Now as we fall stay up to date with UJ long zones
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Get lightly short again.บันทึก
Looking for short gains next week on early exits.บันทึก
Taking on light shorts. Further around 138.บันทึก
Hold off anymore entries until 138.00 area. This gives you key PA zones for short side trades following on from previous fall. Reflect on MACRO trend long term.บันทึก
Hold off shorts and do not fomo. More comfortable resistance for front runners / mid size at 1376
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Get short now.บันทึก
Exit 40 pips gain.บันทึก
Only RE short on a higher push up.บันทึก
Another smash fall. Take short gainsบันทึก
Looking to RE short on further rise (scaling in on early Entry CONF)บันทึก
massive fall exit for gains again.บันทึก
And another great UJ call. Slammed south..Look for light longs and scaling in at key PA levels.
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Main Sentiment (market mood) update to follow:Silicon valley banks, Inflationary measures / Rate changes.
SPIKING FEAR GAUGE.
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Look for light longs at key pre mentioned PA zonesบันทึก
Looking for light longs at 131.75บันทึก
Still awaiting long zones circa 131.75บันทึก
Look to scale in light long.บันทึก
Exit any secondary Longs taken and exit any former longs taken.บันทึก
exit longs look short nearer 1.3455บันทึก
There is room for LIGHT shorts but far more feasible higher up.บันทึก
Also room now for very light longs and early exits alike.บันทึก
UJ showing WEAK PA. Risk Averse Longs come in line with 100 MA on W chart circa 125
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Exit light longs taken. Risk averse for new longs remains on harsher fall as described ^บันทึก
Short Side LOW market Value Long side is WEAK. Hold off shorts until further up and longs until further down it is a no trade.
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Risky Scalp market do NOT jump in with boredom. 126 and 134 respectively for longs and shorts RISK AVERSEบันทึก
USDJPY weakness showing. Do not fomo and lump in you have ZERO key PA and zero sentiment.บันทึก
Still looking slightly higher for shorts 134บันทึก
NOTE Risk Averse TGT shorts 13765บันทึก
Note weak longside PA. Looking for further falls to risk averse zones @ 126บันทึก
Scalpers market / TINY risk trades applicable here until we reach significant levels up or down (1377 1260)บันทึก
UJ still very boring. Looking for impulsive move and action.บันทึก
And still lacking Movement, this is when market becomes a scalpers market. Its OK to let markets move sometimes because you will put risk up otherwise.บันทึก
Get shortบันทึก
Out on the fallบันทึก
Usdjpy smoked again exit all shortsบันทึก
Hold off re shortsบันทึก
Light longs appropriateบันทึก
Out all longs shorts coming 1.4
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน