Here I would like to publish my revised version of my approach and share it. Please only take the trade at your own risk, as the strategy is still in beta. I did backtesting so far and it was profitable for over 12 months. But I would like to collect more data. I set the trade at the market price as given in the chart
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Moves Like expected. I think next Week we will see a aggressive Strong Downmove.
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Data have Changed, move not like Expected
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At the Moment, These Movements are possible.
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A possible high on the 78.6 to knock out the technical retailers is possible before the next big sell impulse comes
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If you want close the Trade with few Pips and wait for the next Bigger Wave or let it run. I personality let the Trade run and look for New Data next Week for a possible second extra Sell Trade. I alway checked the Big Player, things Changed permanent
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Move like expected, Next Week will be Potential Bullish before the Next Bigger Sell is Coming.
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Move like Expected, the next Movements are like Expected in the Picture from last week. Make a second Sell Trade or if you Closed the Last one, open a sell Position with market Entry Sell. Look for CRV 1:3
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Trade Still Actice, Hold it
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Movement still Active Hold the Trade
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US News have Changed our Set Up, we will still hold the Trade because at the moment, the US Economic doesn´t Change this much and Jpy is also Going Stronger, there is already a Chance for this Trade
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.