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Jpy

INDEX and JPY - A CLOSE RELATIONThats a big text but may add something to your knowledge about how the markets work. I will explain a the reasons that made me confident about all those JPY trades, and that was the STOCK MARKETS. I'm a full-time trader on the Brazilian stock market, it has some peculiarities right now, with all the political noise we are having here. But my knowledge regarding stock markets also helps when trading Forex, as I need to analyse all major indexes, mainly Dow Jones (US30) and S&P 500 (US500), which are the main indexes of the world economy. Those last days they seem to be so weak, not managing to break resistances and making lower lows since the top of the pullback on the end of April. It was ranging in what seems like a drift pattern, around the 61.8% Fibonacci zone of the whole crash. I think that know we can confirm this break. That being said, let's head to the JPY situation. Japan is one of the most stable economies on the world. And most trusted too. Linking that to Forex, their currency, JPY, is considered a "SAFE HEAVEN". It means that it is often used as a secure currency, safe place to put your money in on RISKY TIMES on the financial markets. And that's exactly what we are seeing right now. As more people wants to get in JPY, the xxx/JPY pairs tend to move to the downside. When the JPY pairs had all the same setup, testing the trendlines , I went in. And that was one more signal that the stock markets were about to melt: people running to buy JPY. Banks and big players always are positioning themselves looking at the big moves coming. They were buying JPY just before the stocks fall, and that can be seen on the charts. With all those confirmations, I'm still holding the trades right now and will update here and in my Telegram channel if I think prices directions may change. But, for now, no sign of reverse on the stock markets. At least, I expect it to go to the 38.2% retracement as drawn in the chart. Keep and eye on the channel and my profile for updates, I will be trying to help as much as I can and show my positions. If you liked it, please leave a like for me to know if I should make more of this. And, of course, recommend to your friends. Good luck on trading and KEEP SAFE.
CME_MINI:ES1!Education
by Thomas_Juchem
When you catch a trend, ride it till the end [LIVE TRADING TIPS]Hey whatsup guys!\ Denis here the lead trader at Primedtraders! In todays lesson I want to go over our idea of trend trading in day & swing trading environment! DAILY TRADING LESSON When you catch a trend, ride it till the end When momentum is on your side and your system agrees with the move (up or down), then by all means ride it till the end (next key level). Most new traders will jump out of trades before they are finished trending because they are scared the market has gone too far and will take back their paper profits. (i.e. whats happening with GBPJPY right now) But I have reasons to be in this trade and until those reasons change, im a short-seller of GBP vs JPY. Here are just some reasons: On the technical side we have a breakout of a key level and a solid bearish continuation pattern, momentum is down and there are strong reasons it will continue to stay down... On the JPY side Coronavirus is increasing uncertanity and that makes the JPY a buy as its a safe-heaven asset especially in Asia (where the virus is hitting the hardest) On the GBP side we have uncertainty with Brexit and how things will work out for the GBP.. Don't get scared by random noise... wait for real confirmations based on the close of each candle.... worst case just let a trailing stop take you out of this trade and don't get back in when you get out! "The rend is your friend except at the end where it bends. - Ed Seykota"
Education
by PrimedGroup