WINS/LOSSES COMMENTS: 1) Tuesday, entered, BE, 2nd offered on Wed with BOJ news still hot 2) Wed, 2nd try, must buy 3) Thursday, only take if Wed win
----------------------------------------------------------------------------------------------------------------- FUNDAMENTALS: a) DXY: CPI last week higher, expect strong dollar, (Wednesday) Waller: "Delay cuts", bullish DXY b) BOJ: (Monday)BOJ no change IR, JPY weak c) XAU: XAU strong fundamentally, Lobo Tiggre said 2024 bullish gold in all cases d) Other: BoC- (Wed)CAD weak ECB- (Thu)ECB cut earlier than FED, weak EU
USD BUY | JPY SELL, UJ BULL TECHNICALS: - Last W1 chart bullish engulf, we expect to buy, expect bull to at least 149-150 - Weekly typical structure, D1 chart Monday/Tuesday sell to 147-146 - Weekly typical structure, D1 chart Tues/Wed expect to buy to target - Weekly typical structure, D1 chart Thurs/Fri expect to buy to target *check DXY chart to confirm the thesis, 15M chart- Execute, Breakout/Pullback
TAKING POSITION RULES:- (Ultra conservative) 1) Tuesday, no trade 2) Wednesday, 2nd entry after 1st failed SL 3) Thursday, 2nd entry after 1st failed SL
(Conservative) 1) Tuesday, open only 1 position of all pairs, as weekly structure unconfirm. 2) Wednesday, open 2 positions on Tuesday's losses (if we still expect the same weekly structure). This offers us tighter SL, with greater RR. 3) Thursday, if Wednesday still loss, open another 2 positions on Wed's losses (if we still expect the same weekly structure). Thus, max loss @0.25% x5 = -1.25%, if -6%, still need 5 straight week loss.
ADDITIONAL BIAS: a) Round psychology number 50/00 b) WeeklyTypicalStructure: -anatomy of candle, price always push to other side first before making real move -midweek reversalrejection/continuation > BuyBuy*SellSell / SellSell*BuyBuy c) Daily Candlestick Pattern: doji, engulfing, insidebar/railroad d) TakeProfit TP / StopLoss SL Depends on: -fundamentally / what are the news saying -liqiudity pool at Daily/Weekly/Monthly where -averageDailyRange ADR -catch explosive move only if direction align with weekly high low bias. Eg. Previous day was bullish doji at daily support & it is mid of the week, do catch today explosive move to next weekly liquidity pool. e) Entry timing recommendation -session LONDON, NY 9-12PM GMT+8 f) Entry with discount price, use fib