Hey Traders,
On various Yen pairs you can see there is room to retrace after larger falls.
That's because after large falls..... Its better to get large rises on pops to Trend Trade. That is the only way to secure Market Value for a long term trading plan. Notice how the rise in price would naturally be inline with a down-trending market.
After CPI data and comments from the FED looking to another hike in May, we can collate our sentiment plans in order to stick further inline with our trading. It's always wise to allow markets to move within any sentiment update and not be desperate to rush in. Note PA levels like the one we have labelled and let things happen. It's likely within the rebound of the USDJPY we are just seeing further extended YEN weakness similarly to lots of other JPY pairs.
Ultimately Market News and Sentiment will bring us to levels that Traders prefer (smart money). That is what delivers larger moves for (smart) traders to be included in if they notice in time.
Nonetheless from a basic perspective the earlier you short on a push up inside a previous fall the worse market value you will be attaining which is dangerous if yoour size is disproportional to your available equity. So gauge your size accurately OR just wait until the pre-determined level.
Simple rules are always most effective... And things do not need to be rocket science.
Trade inline with markets and make your size proportionate at all times.
On various Yen pairs you can see there is room to retrace after larger falls.
That's because after large falls..... Its better to get large rises on pops to Trend Trade. That is the only way to secure Market Value for a long term trading plan. Notice how the rise in price would naturally be inline with a down-trending market.
After CPI data and comments from the FED looking to another hike in May, we can collate our sentiment plans in order to stick further inline with our trading. It's always wise to allow markets to move within any sentiment update and not be desperate to rush in. Note PA levels like the one we have labelled and let things happen. It's likely within the rebound of the USDJPY we are just seeing further extended YEN weakness similarly to lots of other JPY pairs.
Ultimately Market News and Sentiment will bring us to levels that Traders prefer (smart money). That is what delivers larger moves for (smart) traders to be included in if they notice in time.
Nonetheless from a basic perspective the earlier you short on a push up inside a previous fall the worse market value you will be attaining which is dangerous if yoour size is disproportional to your available equity. So gauge your size accurately OR just wait until the pre-determined level.
Simple rules are always most effective... And things do not need to be rocket science.
Trade inline with markets and make your size proportionate at all times.
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Short zone tgt reached
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bit.ly/willsbpa
Free Discord Secret Server:
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Posts Not financial advice.