USDJPY、Waiting for BB-2σ to level off
USDJPY、Waiting for BB-2σ to level off
After all, USDJPY was a persistent bearish market (laugh). It went down further rather than the second bottom. I have no position yet.
I tried to put buy stop order at 105.30 area whereBB-2σ was flat. But drop was too big to hit the stop order.
Now I am waiting for BB-2σ to level off a little more, but maybe it has already bottomed out, so if hekinashi turns positive in 60 minute chart, I would like to make a long entry.
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CLU19, New long depends on chiko span
CLU19, New long depends on choko span
Holding the long at 50.90 (L1), I made hedge short (S1) at 53.30 where heikinashi turned positive in 60 minute chart.
However, the price did not lower so much and I covered S1 at 53.20 after I saw the price supported by the upper limit of positive cloud.
In the previous article, I wrote "It often happens that the price is flat and the MA26 and BB centerlines catch up with it,”Now the price is trying the BB centerline now. If it rebounds, I would like to make an additional long.
Specifically, if the chiko span breaks out of the BB2σ in 15 minute chart, I would like to add new long. If it breaks out of BB-2σ I would like to make hedge short again. And I will hold L1 in both cases.
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CLU19,Hold long and go for hedge short
CLU19,Hold long and go for hedge short
Of course I hold the long (L1) at 50.90 area. Currently, its unrealized gain expand about 350 ticks. It is very seldom in currencies trading to gain 350 ticks in two days but it often happens in crude oil trading. This is why I trade crude oil mainly.
In 60-minute chart, it is not difficult to see this price movement.After single bottom, price was flat and cloud turned positive then you saw the second stage of the rise.
I can imagine next movement. After the revision to MA26 (ultraviolet) and BB centerline, we could see the third stage of rise. Therefore, I believe that the current area is a scene of a hedge short. However, it may be difficult to do outright short. Because it sometimes happens that the price is flat and the MA26 and BB centerline catch up.
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USDJPY, Bottom out or not?
USDJPY, Bottom our or not?
I have no position right now in USDJPY. As I pointed out the possibility in the previous day's article, it has broken down further. However, after falling to 105.30, it has come back to the middle of 105.60. I can say that it is on the rebound from the triple bottom.
As an early entry, I could have made long around 105.50 where heikinashi turned positive in 60 minute chart but I didn't do it because I was sleeping at that time.
On Monday, if you want to be more careful, you may wait until the golden cross between MA5 (yellow) andMA26 (ultraviolet) or BB centerline (black).
If it's a persistent bearish market, it's possible that price will be bounced back and go down to the second bottom in the 105.30 area.
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CLU19, Hold long over weekend
CLU19, Hold long over weekend
CLU19 plummeted to the 50.50 area, which was the lower target in the previous article I wrote. I covered the 53.28 short around 50.60.
Although I could have done long immediately, I handled it more carefully and looked at double bottom in 15 minute chart and I made long (L1) in the 50.90 area.
Now, the 60-minute cloud has turned positive and price is rising above it, and I think that I will hold the long over the weekend.
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USDJPY, trendless but could fall to T-bottoms
USDJPY, trendless but could fall to T-bottom
As I wrote in the previous day's article, I liquidated the 105.613 Long (L1) at 106.00, where the chikou span fell below BB-2σ in 15 minute chart in USDJPY.
After that we saw a scene to gain somehow but it has been downtrend overall.
You can see the price has been below the falling MA26 (ultraviolet) and BB centerline (black) in 60 minute chart.
It is possible to go down to 105.500 area, where triple bottoms would be formed or even to go down further..
So watch it carefully tonight.
The method of chikou span release from BB lines in 15 minute chart is likely to fail in such a trendless market where the colors of the clouds changes in this way.
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USDJPY long now depends on Chiko Span
USDJPY long now depends on Chiko Span
On USDJPY I made long near the bottom with the usual strategy last night. I did it with buy stop order at flat BB-2σ (105.613) in 60 minute chart. Well, as a result, it was good to have long with buy limit order entry at 105.50 level that would be double bottom. But I chose a more careful way.
After that, it climbed and it is now in the first half of 106. It looks like finding resistance at negative cloud's upper limit and forming a double top sign. However, since the 15 minute chart's BB line is flat, I would like to wait for the chiko span to be released from BB2σ or BB-2σ. If it goes up, I would like to hold the long. Or if it goes down. I would like to exit long. In that case, there can be a triple bottom or even go down further.
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