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Forex-usdjpy

Range trading: Forex as for 14/01/2021Under that heading we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability. EURUSD Long position 1 (The price today will not fall below this mark with a probability of 68%) 1.2096 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.2075 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.2054 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.2211 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.2232 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.2253 GBPUSD Long position 1 [/b (The price today will not fall below this mark with a probability of 68%) 1.3535 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.3478 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.3421 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.3737 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.3793 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.3850 USDJPY Long position 1 (The price today will not fall below this mark with a probability of 68%) 103.65 Long position 2 (The price today will not fall below this mark with a probability of 95%) 103.47 Long position 3 (The price today will not fall below this mark with a probability of 99%) 103.30 Short position 1 (The price today will not rise above this mark with a probability of 68%) 104.34 Short position 2 (The price today will not rise above this mark with a probability of 95%) 104.51 Short position 3 (The price today will not rise above this mark with a probability of 99%) 104.69 Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. Recall, that mentioned probabilities are not 100% and do not guarantee risk-free trading.
by Trade24Fx
1
Volume Profile and Losing Trades (A Cool Trick Explained) 💪Hello guys, trading it not just about taking winners. Losing trades are also part of the business and there is no point denying it. In my trading career, I took hundreds of losers (maybe even thousands) and I feel no shame in that. Today, I would like to talk about a recent losing trade which I had on USD/JPY. Let me first talk about the logic behind this trade – the reason why I took it. The logic behind the trade In the last week of 2020, there was a zone where heavy volumes got traded. It was at 103.53. This was the Point Of Control (POC) of the whole week – this means the heaviest volumes throughout that week got traded there. From this place, the price went sharply downwards which indicated that there were strong sellers present and that they entered most of their Short positions at that POC (103.53). The idea behind my trade was to wait until the price reaches this Weekly POC again and enter a Short trade. I expected the sellers that entered their Shorts at the POC would defend this area and to push the price downwards from there again (this setup is called the “Volume Accumulation Setup“. That didn’t happen tough… How the trade went? I went Short fro 103.53, but there was no selling reaction whatsoever and the price just shot past the level. I took a loss there. After that it was time for me to shoot a Daily video for members of my trading course. In that video I talked about this losing trade and I said that if there was a pullback to the same level (103.53) it would be a nice place to open a Long position. Why I said that? Reversal Trade There were two reasons why I wanted to take a Long from there. The 1st reason was that there was a very strong, volume-based trading level (Weekly POC) breached. This is quite unusual, because such a strong level as Weekly POC should trigger a reaction! The 2nd reason was that the price just shot through the Weekly POC without ANY sort of reaction. This is important, because it indicates that the Buyers were so strong and aggressive, that the Sellers didn’t stand a chance. You usually discover the strength too late (after you had taken a Stop Loss) – like in this case, but you can still emerge a winner from this, if you switch sides and join the winning party. The best way to do it is to wait for a pullback to the same level you entered your previous trade. Don’t chase the market. Wait for it to come to you. Then enter a new trade, but this time in the opposite direction. In this case, the first trade was a Short which failed, and the second trade was a Long (from the same level) after a pullback, which was a winner. I call this a “Reversal Trade“. Those work best if a very strong level based on a Volume Profile setup fails, and when there is no reaction to it whatsoever. Those are two main conditions to remember. I hope you guys found this helpful. Let me know what you think in the comments below. Happy trading! -Dale
Education
by Trader_Dale
3
Understanding ForexForex – also known as FX – is short for “Foreign Exchange”. It represents a market where one can exchange and trade different currencies across the globe. To understand how forex works, let’s use the example of overseas travel. If you’re from the United States and are travelling to Japan, chances are you would head to a local currency dealer before your trip to change some US dollars for the equivalent in Japanese yen. Let’s say the rate you exchanged was 1 USD ( US Dollar ) to 108 JPY (Japanese yen). This means that for every 1 USD you give the money changer, you get 108 JPY in return. Now you’ve headed off on your trip, had your lifetime’s fill of sushi, taken way too many pictures of Mount Fuji and are now back in the US a month later. You still have some Japanese yen currency left which, of course, isn’t of much use at American shops, so you decide to change it back to USD. Once again you visit your local currency dealer and ask to change your JPY back to USD. The rate you’re quoted is now 104 JPY to 1 USD. Let’s pause for a moment: you may not have realised, but you’ve just made a profit without even planning to! Previously, every 1 USD got you 108 JPY, now you get that same 1 USD back for just 104 JPY. That, my friend, is a simplified explanation of how profit can be made by trading the fluctuation of currencies against each other. In this case, the JPY strengthened against the USD while you were holding onto it, resulting in you effectively making money when you returned to the US and decided to convert it back to USD. Now, it’s important to take note that when trading Forex, you always need to consider two currencies (hence, we call it a “currency pair”). In the above example, we were essentially trading the USD/JPY currency pair. It’s not enough to think that one currency might strengthen – you have to think of which currency it would strengthen against. Thanks to the globalisation of financial markets, when we trade on the FX market, we now have the luxury of trading a lot of different currencies against each other all from the comfort of your home. Think the yen is going to strengthen against the Euro (EUR)? Then buy the yen, sell the Euro (selling EUR/JPY )! This concept might seem a bit complicated right now, but just remember that when you’re trading forex, you’re essentially betting that one currency will strengthen against another currency. * * The exchange rate on the chart is 104.056 Japanese Yen (JPY) for every 1 United States Dollar (USD) **
Education
by CeoCodes
17
Range trading: Forex as for 20/11/2020Under that heading we publish signals of the indicator called “Ranger” . It was developed by our experts for intraday trading purposes. This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities. What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability. EURUSD Long position 1 (The price today will not fall below this mark with a probability of 68%) 1.1823 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.1785 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.1747 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.1933 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.1971 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.2009 GBPUSD Long position 1 [/b (The price today will not fall below this mark with a probability of 68%) 1.3180 Long position 2 (The price today will not fall below this mark with a probability of 95%) 1.3132 Long position 3 (The price today will not fall below this mark with a probability of 99%) 1.3085 Short position 1 (The price today will not rise above this mark with a probability of 68%) 1.3343 Short position 2 (The price today will not rise above this mark with a probability of 95%) 1.3390 Short position 3 (The price today will not rise above this mark with a probability of 99%) 1.3437 USDJPY Long position 1 (The price today will not fall below this mark with a probability of 68%) 103.28 Long position 2 (The price today will not fall below this mark with a probability of 95%) 102.82 Long position 3 (The price today will not fall below this mark with a probability of 99%) 102.35 Short position 1 (The price today will not rise above this mark with a probability of 68%) 104.34 Short position 2 (The price today will not rise above this mark with a probability of 95%) 104.80 Short position 3 (The price today will not rise above this mark with a probability of 99%) 105.27 Calculations are based on the historical data and history doesn’t necessarily repeat this particular day. Recall, that mentioned probabilities are not 100% and do not guarantee risk-free trading.
by Trade24Fx
USDCHF Will continue to rise at resistance +130 PipsWelcome Back. Please support this idea with LIKE if you find it useful. *** It may continue to rise if it does not break the resistance. It will decline in a short term and then return to the upside because it broke the descending channel and has now become an ascending channel. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice.
Long
by Saeed966
2
USDJPY: Important Breakout & Bearish Continuation USDJPY finally broke and closed below 104.0 major structure support on 3d/d timeframes. now this structure turned to resistance. In my view this breakout defines midterm/long-term sentiment on the pair and sellers will push lower. we can not define the exact time horizon for now, but the next goals for sellers are: 103.1 101.2 (it is not a trading recommendation, I will be looking for a retest of the broken level first to join this short rally)
Short
by VasilyTrader
12