SLO @ 141.25 ⏳
SSO1 @ 141.00 ⏳
SSO2 @ 140.85 ⏳
Choose your TP based on your trading strategy:
💴 USDJPY (pip movement per strategy):
STRATEGY PIP MOVEMENT
Scalping 10-20 pips
Intraday 20-40 pips
Swing 40-80 pips
Position 80-120 pips
💴 The average ATR for USDJPY (based on different time frames):
TIME FRAME AVERAGE ATR
1 day 20 pips
4 hours 10 pips
1 hour 5 pips
15 minutes 3 pips
5 minutes 2 pips
SSO1 @ 141.00 ⏳
SSO2 @ 140.85 ⏳
Choose your TP based on your trading strategy:
💴 USDJPY (pip movement per strategy):
STRATEGY PIP MOVEMENT
Scalping 10-20 pips
Intraday 20-40 pips
Swing 40-80 pips
Position 80-120 pips
💴 The average ATR for USDJPY (based on different time frames):
TIME FRAME AVERAGE ATR
1 day 20 pips
4 hours 10 pips
1 hour 5 pips
15 minutes 3 pips
5 minutes 2 pips
Trade active:
🤑 PA broke out — in our favor — to the downside about +100 pips
🚫 Modified +SL @ 1.4080
🚫 Modified +SL @ 1.4080
Trade active:
SLO @ 141.25 ⏳
SSO1 @ 141.00 📉
SSO2 @ 140.85 📉
+SL @ 1.4050 🚫
TP1 @ 140.40 Combined SSO Net Equity @ +105 pips
TP2 @ 139.66 Combined SSO Net Equity @ +253 pips
Combined SSO Gross Equity +358 pips AND COUNTING!!!!!
SSO1 @ 141.00 📉
SSO2 @ 140.85 📉
+SL @ 1.4050 🚫
TP1 @ 140.40 Combined SSO Net Equity @ +105 pips
TP2 @ 139.66 Combined SSO Net Equity @ +253 pips
Combined SSO Gross Equity +358 pips AND COUNTING!!!!!
Trade active:
✍️ UPDATE FROM PROFESSOR'S DESK
44% of the time AUDUSD is negatively correlated to USDJPY
73% of the time EURUSD is negatively correlated to USDJPY
However, that's NOT what happened when today's EUR News dropped. There are a few possible explanations for why EURUSD and AUDUSD did not break out to the upside after USDJPY dropped.
👎 The EUR news was not as positive as expected. Today's EUR news was not as positive as some traders had hoped. The negative EUR News caused some investors to sell EUR and buy USD, which put downward pressure on EURUSD and AUDUSD.
📈 The market was overbought. The EURUSD and AUDUSD markets have been rising sharply in recent weeks. The latest uptrend momentum made these pairs overbought, leading to many profit-takings today.
📈📉 The negative correlation between USDJPY and EURUSD/AUDUSD is NOT ALWAYS PERFECT. Although the numbers are low enough to ignore, the fact still remains that 56% of the time AUDUSD is positively correlated to USDJPY and 27% of time EURUSD becomes positively correlated. These are the times when the correlation breaks down, and this could have been one of those times.
👨💻 Also, the market makers may have been trying to protect themselves from losses. This is accomplished by selling EURUSD and AUDUSD when USDJPY dropped — possibly waiting for more confirmation of the EUR news before breaking out to the upside.
😏 It is impossible to say what happened, but I'm leaning on Market Makers.
44% of the time AUDUSD is negatively correlated to USDJPY
73% of the time EURUSD is negatively correlated to USDJPY
However, that's NOT what happened when today's EUR News dropped. There are a few possible explanations for why EURUSD and AUDUSD did not break out to the upside after USDJPY dropped.
👎 The EUR news was not as positive as expected. Today's EUR news was not as positive as some traders had hoped. The negative EUR News caused some investors to sell EUR and buy USD, which put downward pressure on EURUSD and AUDUSD.
📈 The market was overbought. The EURUSD and AUDUSD markets have been rising sharply in recent weeks. The latest uptrend momentum made these pairs overbought, leading to many profit-takings today.
📈📉 The negative correlation between USDJPY and EURUSD/AUDUSD is NOT ALWAYS PERFECT. Although the numbers are low enough to ignore, the fact still remains that 56% of the time AUDUSD is positively correlated to USDJPY and 27% of time EURUSD becomes positively correlated. These are the times when the correlation breaks down, and this could have been one of those times.
👨💻 Also, the market makers may have been trying to protect themselves from losses. This is accomplished by selling EURUSD and AUDUSD when USDJPY dropped — possibly waiting for more confirmation of the EUR news before breaking out to the upside.
😏 It is impossible to say what happened, but I'm leaning on Market Makers.
Comment:
🤑 Our SLO @ 141.25 was triggered by that whipsaw
Trade active:
USDJPY...DT (6m)
(Shorting Opportunity)
SLO @ 141.25 📉 Equity @ +187 pips 🤑
SLO @ 139.25 ⏳
SSO @ 138.90 ⏳
(Shorting Opportunity)
SLO @ 141.25 📉 Equity @ +187 pips 🤑
SLO @ 139.25 ⏳
SSO @ 138.90 ⏳
Professor C. E. Ward
After this whipsaw — IT'S OFFICIAL — MARKET MAKERS are at play!