USDJPY: What goes up.. Must come down. Massive Trading Lesson
Aktualisiert
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 supportAnmerkung
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.Anmerkung
Get RE short looking for intraday gainsAnmerkung
Exit again for profit.Anmerkung
So now you’ve shorted 3X. You made money. Do not listen to the guys who buy highs... it can hurt!Anmerkung
Exit all shorts and start to get lightly long for fast exits.Anmerkung
Exit light longs for more gains.Anmerkung
And BOOM down it goes... Now is the time to trade very lightly on longs. Do not Weigh in!Anmerkung
Coming down to REASONABLE light support circa 139.650 if you are long it must be lightAnmerkung
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.Anmerkung
Looking for short gains next week on early exits.Anmerkung
Taking on light shorts. Further around 138.Anmerkung
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.Anmerkung
Hold off shorts and do not fomo. More comfortable resistance for front runners / mid size at 1376
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Get short now.Anmerkung
Exit 40 pips gain.Anmerkung
Only RE short on a higher push up.Anmerkung
Another smash fall. Take short gainsAnmerkung
Looking to RE short on further rise (scaling in on early Entry CONF)Anmerkung
massive fall exit for gains again.Anmerkung
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 zonesAnmerkung
Looking for light longs at 131.75Anmerkung
Still awaiting long zones circa 131.75Anmerkung
Look to scale in light long.Anmerkung
Exit any secondary Longs taken and exit any former longs taken.Anmerkung
exit longs look short nearer 1.3455Anmerkung
There is room for LIGHT shorts but far more feasible higher up.Anmerkung
Also room now for very light longs and early exits alike.Anmerkung
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 ^Anmerkung
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 AVERSEAnmerkung
USDJPY weakness showing. Do not fomo and lump in you have ZERO key PA and zero sentiment.Anmerkung
Still looking slightly higher for shorts 134Anmerkung
NOTE Risk Averse TGT shorts 13765Anmerkung
Note weak longside PA. Looking for further falls to risk averse zones @ 126Anmerkung
Scalpers market / TINY risk trades applicable here until we reach significant levels up or down (1377 1260)Anmerkung
UJ still very boring. Looking for impulsive move and action.Anmerkung
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.Anmerkung
Get shortAnmerkung
Out on the fallAnmerkung
Usdjpy smoked again exit all shortsAnmerkung
Hold off re shortsAnmerkung
Light longs appropriateAnmerkung
Out all longs shorts coming 1.4
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Posts Not financial advice.
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