USDJPY - Intraday analysis
מעודכן
🙋♂️ Hello FX Community!
Check out my Intraday analysis for USDJPY and my entry levels.
More information about my trading style:
I am not a pattern trader. My strategy and edge are based on volume zones where I see Big players were trading. When the market comes there, I want to enter a trade. Every day I identify key levels and key zones, then I just wait for the price to come.
📲 In the chart, you can see the Long / Short levels into which I set a limit order and then when filled I manage those positions with the information provided by volume . If the market starts to create volume on the wrong side of the level, I try to end the position at the breakeven point or stoploss. My profit target is determined by chosen RRR or by key levels and S/R zones. If the market runs through them, they can be traded from the other side as well. Supports become resistances and vice versa.
❗️ First of all, when I have the level identified, I set a stoploss.
Stoploss is determined by several criteria. It must not be foo far and it must not be in an area that serves as a magnet, such as POC , Key Levels or a stoploss zone where the market runs out of liquidity.
Summary:
Stoploss is determined by:
✅ Pivot high/low
✅ Logical VolumeProfile zone
✅ Low-Volume Node and High-Volume node
✅ Outside key levels
🎉 Trade management rules:
✅ When I see two whole 5-minute candles on the wrong side of the level (for short level “above”, for long level “below”) I move my Take Profit to Breakeven point (entry level) and exit the position if possible, at the entry point if not, at stoploss.
✅ When 80% of the Profit target is reached, I move my stoploss to the BE point.
Hope it helps,
See you next time!
Check out my Intraday analysis for USDJPY and my entry levels.
More information about my trading style:
I am not a pattern trader. My strategy and edge are based on volume zones where I see Big players were trading. When the market comes there, I want to enter a trade. Every day I identify key levels and key zones, then I just wait for the price to come.
📲 In the chart, you can see the Long / Short levels into which I set a limit order and then when filled I manage those positions with the information provided by volume . If the market starts to create volume on the wrong side of the level, I try to end the position at the breakeven point or stoploss. My profit target is determined by chosen RRR or by key levels and S/R zones. If the market runs through them, they can be traded from the other side as well. Supports become resistances and vice versa.
❗️ First of all, when I have the level identified, I set a stoploss.
Stoploss is determined by several criteria. It must not be foo far and it must not be in an area that serves as a magnet, such as POC , Key Levels or a stoploss zone where the market runs out of liquidity.
Summary:
Stoploss is determined by:
✅ Pivot high/low
✅ Logical VolumeProfile zone
✅ Low-Volume Node and High-Volume node
✅ Outside key levels
🎉 Trade management rules:
✅ When I see two whole 5-minute candles on the wrong side of the level (for short level “above”, for long level “below”) I move my Take Profit to Breakeven point (entry level) and exit the position if possible, at the entry point if not, at stoploss.
✅ When 80% of the Profit target is reached, I move my stoploss to the BE point.
Hope it helps,
See you next time!
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