For myself, apply this to any trade:
βIf you get on the wrong train, you should get off at the next station as soon as you realize it. The longer you stay on, the more expensive the return trip may be.β
- Japanese Saying
@TraderFortune Also @TraderFortune , what you think is the point, of doing these Micro intervention, that last 1 minute, and get recovered 100% of the time during the same session. Is there a reason`? Like I am a Central Bank, what am I doing these for?
@investingLive_ Doesnt work, they did it so many times and it gets eaten quickly back up. 100% of the time. This is like the easiest trade ever if you are able to buy the dips of these tickleing the BoJ is doing
@TraderFortune@TraderFortune I really will do just one type of trade moving forward: waiting those tickle from the BoJ and buy every single deep in USDJPY, Probably the easiest way to make money in Forex since ever. Those "interventions" are really becoming a joke, literally free profits
@GetMeTradingGMT@TraderFortune When this happens in HedgeDash, do you still stick to the Saturday analysis video:"no buy EURUSD under any circumstances" or you are flexible with new info coming in during the week?
@TraderFortune@GetMeTradingGMT It actually turned out to be a Saturday Sunday Reversal play , it moved already 0.30% from the entry (@ 3,5 Leverage ~ 1% move already)
@investingLive_ It was not BoJ, somebody tricked the whole market making ppl believe it was another intervention today, expecting big down move like y'day, while buy y'day low heavily and catching everyone who chase the short on USDJPY. Very well played by whoever did it
@TraderFortune Very nice day today with all those extended plays that came through , now we wait and possibly see if we can have a second round tomorrow if they reclaim today's high
Logic is the same. Price settling above the 200-day average and consolidating in a tight range is usually restoring energy to resume an uptrend.
Don't anticipate. Prepare for action. $DXY