ショート

USDJPY: What goes up.. Must come down. Massive Trading Lesson

アップデート済

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!

ノート

Exit shorts as we fall to comfortable Early support

ノート

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)

ノート

Out again at second target for gains.

ノート

Get RE short looking for intraday gains

ノート

Exit again for profit.

ノート

So now you’ve shorted 3X. You made money. Do not listen to the guys who buy highs... it can hurt!

ノート

Exit all shorts and start to get lightly long for fast exits.

ノート

Exit light longs for more gains.

ノート

And BOOM down it goes... Now is the time to trade very lightly on longs. Do not Weigh in!

ノート

Coming down to REASONABLE light support circa 139.650 if you are long it must be light

ノート

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

ノート

Get lightly short again.

ノート

Looking for short gains next week on early exits.

ノート

Taking on light shorts. Further around 138.

ノート

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.

ノート

Hold off shorts and do not fomo.

More comfortable resistance for front runners / mid size at 1376

ノート

Get short now.

ノート

Exit 40 pips gain.

ノート

Only RE short on a higher push up.

ノート

Another smash fall. Take short gains

ノート

Looking to RE short on further rise (scaling in on early Entry CONF)

ノート

massive fall exit for gains again.

ノート

And another great UJ call. Slammed south..

Look for light longs and scaling in at key PA levels.

ノート

Main Sentiment (market mood) update to follow:

Silicon valley banks, Inflationary measures / Rate changes.

SPIKING FEAR GAUGE.

ノート

Look for light longs at key pre mentioned PA zones

ノート

Looking for light longs at 131.75

ノート

Still awaiting long zones circa 131.75

ノート

Look to scale in light long.

ノート

Exit any secondary Longs taken and exit any former longs taken.

ノート

exit longs look short nearer 1.3455

ノート

There is room for LIGHT shorts but far more feasible higher up.

ノート

Also room now for very light longs and early exits alike.

ノート

UJ showing WEAK PA.

Risk Averse Longs come in line with 100 MA on W chart circa 125

ノート

Exit light longs taken. Risk averse for new longs remains on harsher fall as described ^

ノート

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.

ノート

Risky Scalp market do NOT jump in with boredom. 126 and 134 respectively for longs and shorts RISK AVERSE

ノート

USDJPY weakness showing. Do not fomo and lump in you have ZERO key PA and zero sentiment.

ノート

Still looking slightly higher for shorts 134

ノート

NOTE Risk Averse TGT shorts 13765

ノート

Note weak longside PA. Looking for further falls to risk averse zones @ 126

ノート

Scalpers market / TINY risk trades applicable here until we reach significant levels up or down (1377 1260)

ノート

UJ still very boring. Looking for impulsive move and action.

ノート

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.

ノート

Get short

ノート

Out on the fall

ノート

Usdjpy smoked again exit all shorts

ノート

Hold off re shorts

ノート

Light longs appropriate

ノート

Out all longs shorts coming 1.4