{"id":467,"date":"2019-06-03T23:57:12","date_gmt":"2019-06-03T14:57:12","guid":{"rendered":"https:\/\/forex-kei.com\/?p=467"},"modified":"2019-11-02T18:40:06","modified_gmt":"2019-11-02T09:40:06","slug":"livetrading-usdjpy-293005","status":"publish","type":"post","link":"https:\/\/forex-kei.com\/?p=467","title":{"rendered":"LIVE trading between 29th and 30th of May, 2019 on USD\/JPY ($6,400 Profit)"},"content":{"rendered":"<p class=\"p1\">This was recorded live on 29th of May on last Wednesday<span class=\"s1\">,<\/span> 2019. I am about to trade this USD\/JPY and just looking at the chart and start analyzing the current market situation. Alright<span class=\"s1\">,<\/span> let<span class=\"s1\">\u2019<\/span>s get started.<\/p>\n<h2>Watch Video<\/h2>\n<div class=\"epyt-video-wrapper\"><iframe loading=\"lazy\"  id=\"_ytid_15921\"  width=\"780\" height=\"439\"  data-origwidth=\"780\" data-origheight=\"439\" src=\"https:\/\/www.youtube.com\/embed\/yUihTFy7TaQ?enablejsapi=1&#038;autoplay=0&#038;cc_load_policy=0&#038;cc_lang_pref=&#038;iv_load_policy=1&#038;loop=0&#038;modestbranding=1&#038;rel=1&#038;fs=1&#038;playsinline=0&#038;autohide=2&#038;theme=dark&#038;color=red&#038;controls=1&#038;\" class=\"__youtube_prefs__  epyt-is-override  no-lazyload\" title=\"YouTube player\"  allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen data-no-lazy=\"1\" data-skipgform_ajax_framebjll=\"\"><\/iframe><\/div>\n<h2>Script<\/h2>\n<h3 class=\"p1\">May 29 Daily Chart<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-469\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/b36f0c0a2c86e98c76cef7b23f0eaa5b-1024x575.png\" alt=\"\" width=\"728\" height=\"409\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/b36f0c0a2c86e98c76cef7b23f0eaa5b-1024x575.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/b36f0c0a2c86e98c76cef7b23f0eaa5b-300x169.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/b36f0c0a2c86e98c76cef7b23f0eaa5b-768x431.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/b36f0c0a2c86e98c76cef7b23f0eaa5b-728x409.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">This is a Daily chart of USD\/JPY. Now<span class=\"s1\">,<\/span> if you draw lines like this<span class=\"s1\">,<\/span> you can see that it<span class=\"s1\">\u2019<\/span>s a wide range and the current price is somewhere lower part of that range. And if you focus on the range<span class=\"s1\">,<\/span> the price went up with 8 positive bullish waves<span class=\"s1\">,<\/span> then the price could not go above the previous highest<span class=\"s1\">,<\/span> then it went down with just 1 negative bearish reverse N wave and the price stopped at around 38.2% fibonacci rate within the whole range. Then<span class=\"s1\">,<\/span> the price went up<span class=\"s1\">,<\/span> down once<span class=\"s1\">,<\/span> then went up again<span class=\"s1\">,<\/span> creating 1 positive bullish N wave. After that<span class=\"s1\">,<\/span> the price kept going down every day with single bearish I wave<span class=\"s1\">,<\/span> pretty strong down trend<span class=\"s1\">,<\/span> then the price pushed back up at like 38.2% of fibonacci level between the recent highest and lowest. Then it went down to the current price.<\/p>\n<p class=\"p1\">Now<span class=\"s1\">,<\/span> when you look at the current price<span class=\"s1\">,<\/span> it right at the recent lowest and might create W bottom and the price might keep going up. Or<span class=\"s1\">,<\/span> after the price has been resisted by the descending trend line or this red moving average<span class=\"s1\">,<\/span> it might be pushed back down and might keep going down afterwards to the bottom of the recent lowest of the whole range.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-470\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/0c508b151c7f3fb7a1d52c3f3089b158-1024x542.png\" alt=\"\" width=\"728\" height=\"385\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/0c508b151c7f3fb7a1d52c3f3089b158-1024x542.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/0c508b151c7f3fb7a1d52c3f3089b158-300x159.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/0c508b151c7f3fb7a1d52c3f3089b158-768x407.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/0c508b151c7f3fb7a1d52c3f3089b158-728x385.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">When you look at Ichimoku Cloud<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s showing green<span class=\"s1\">,<\/span> showing bull trend but because it<span class=\"s1\">\u2019<\/span>s thin and the price is below the cloud now<span class=\"s1\">,<\/span> and because the cloud is moving horizontally<span class=\"s1\">,<\/span> I would say the indicator is not reliable in this environment.<\/p>\n<p class=\"p1\">Also when you look at the stochastics<span class=\"s1\">,<\/span> looks that it<span class=\"s1\">\u2019<\/span>s functioning right<span class=\"s1\">,<\/span> like from this bottom<span class=\"s1\">,<\/span> after the gold cross<span class=\"s1\">,<\/span> the price went up<span class=\"s1\">,<\/span> then after dead cross here<span class=\"s1\">,<\/span> the price went down<span class=\"s1\">,<\/span> and here<span class=\"s1\">,<\/span> too<span class=\"s1\">,<\/span> the price went up with gold cross<span class=\"s1\">,<\/span> then the price went down with the dead cross. Now the current stochastics shows from the lower level below 30% as it shows in red color<span class=\"s1\">,<\/span> therefore<span class=\"s1\">,<\/span> from the patterns so far<span class=\"s1\">,<\/span> there<span class=\"s1\">\u2019<\/span>s a chance that the price could go up after it<span class=\"s1\">\u2019<\/span>s gold crossed.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-471\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9416e809d7e19146816611415489ea52-1024x541.png\" alt=\"\" width=\"728\" height=\"385\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9416e809d7e19146816611415489ea52-1024x541.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9416e809d7e19146816611415489ea52-300x158.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9416e809d7e19146816611415489ea52-768x406.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9416e809d7e19146816611415489ea52-728x384.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">Now<span class=\"s1\">,<\/span> let<span class=\"s1\">\u2019<\/span>s look into 1 hour chart next and see what we can find.<\/p>\n<h3 class=\"p1\">May 29 1H Chart<\/h3>\n<p class=\"p1\">Here is a 1H chart.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-472\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9c7b214f4c3803bf63a362458361461c-1024x538.png\" alt=\"\" width=\"728\" height=\"382\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9c7b214f4c3803bf63a362458361461c-1024x538.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9c7b214f4c3803bf63a362458361461c-300x158.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9c7b214f4c3803bf63a362458361461c-768x404.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9c7b214f4c3803bf63a362458361461c-728x383.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">And as you can see<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s showing continuous down trend for 6 working days. Since May 22nd on Wednesday<span class=\"s1\">,<\/span> the price gradually went down and on 23rd<span class=\"s1\">,<\/span> the price went straight down about 80 pips and because of the spike down<span class=\"s1\">,<\/span> on the next day<span class=\"s1\">,<\/span> the market became range<span class=\"s1\">,<\/span> then went down a little more<span class=\"s1\">,<\/span> about 20 some pips. Then on 27th last Monday<span class=\"s1\">,<\/span> the price went up a little bit and on the 28th Tuesday<span class=\"s1\">,<\/span> when the market opened up<span class=\"s1\">,<\/span> the BB becoming narrow<span class=\"s1\">,<\/span> charging its energy for the next move<span class=\"s1\">,<\/span> and because on this day<span class=\"s1\">,<\/span> the price looks it<span class=\"s1\">\u2019<\/span>s been resisted by the Ichimoku cloud<span class=\"s1\">,<\/span> the price went down to the recent lowest<span class=\"s1\">,<\/span> then it went straight back.<\/p>\n<p class=\"p1\">Actually I placed an order right before it spikes down<span class=\"s1\">,<\/span> and moved the stop loss to the entry point. but unfortunately it did not break downwards so it ended up with break even.<\/p>\n<p class=\"p1\">Anyways<span class=\"s1\">,<\/span> the price went up after it marked the recent lowest<span class=\"s1\">,<\/span> like alphabet V as Victor<span class=\"s1\">,<\/span> then the price again looks to be resisted by the Ichinoku cloud and dropped to the recent lowest again.<\/p>\n<p class=\"p1\">The width of BB is becoming narrow<span class=\"s1\">,<\/span> meaning the volatility is getting smaller now and the market is charging its energy for the next move.<\/p>\n<p class=\"p1\">Now<span class=\"s1\">,<\/span> when you look at the support line<span class=\"s1\">,<\/span> the price has been supported by the recent lowest level roughly about 1<span class=\"s1\">,<\/span> 2<span class=\"s1\">,<\/span> 3<span class=\"s1\">,<\/span> 4 or 5 times<span class=\"s1\">,<\/span> so I see the support is pretty solid<span class=\"s1\">,<\/span> and looks like there<span class=\"s1\">\u2019<\/span>s some strong support barrier here. And also<span class=\"s1\">,<\/span> because the Ichimoku Cloud is becoming thinner here<span class=\"s1\">,<\/span> the price can easily break upwards at this stage.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-473\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/20289dd1bf64f10da659fcc3bb893b41-1024x540.png\" alt=\"\" width=\"728\" height=\"384\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/20289dd1bf64f10da659fcc3bb893b41-1024x540.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/20289dd1bf64f10da659fcc3bb893b41-300x158.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/20289dd1bf64f10da659fcc3bb893b41-768x405.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/20289dd1bf64f10da659fcc3bb893b41-728x384.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">Now<span class=\"s1\">,<\/span> let<span class=\"s1\">\u2019<\/span>s break it down and look at current 5min chart.<\/p>\n<h3 class=\"p1\">May 29 5min Chart<\/h3>\n<p class=\"p1\">OK this is the current 5min chart. It<span class=\"s1\">\u2019<\/span>s on 29th of May on Wednesday. What I am looking for is a chance to buy. And\u2026 before I explain<span class=\"s1\">,<\/span> let me buy here and let me explain why I place this order. The loss cut will be.. here about 18<span class=\"s1\">,<\/span> 19 pips away from the current price.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-474\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/0b5803e9981560bf6027f00677d7e862-1024x542.png\" alt=\"\" width=\"728\" height=\"385\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/0b5803e9981560bf6027f00677d7e862-1024x542.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/0b5803e9981560bf6027f00677d7e862-300x159.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/0b5803e9981560bf6027f00677d7e862-768x407.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/0b5803e9981560bf6027f00677d7e862-728x386.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">Alright<span class=\"s1\">,<\/span> let<span class=\"s1\">\u2019<\/span>s look at the market<span class=\"s1\">\u2019<\/span>s environment.<\/p>\n<p class=\"p1\">Again<span class=\"s1\">,<\/span> after the price marked recent low today<span class=\"s1\">,<\/span> the price gradually moved up and in recent 30min<span class=\"s1\">,<\/span> the price went straight down. But look at the recent lowest. It did not really touch the recent lowest<span class=\"s1\">,<\/span> you know<span class=\"s1\">,<\/span> the price marked lower high<span class=\"s1\">,<\/span> then the price is moving up now.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-475\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/e672aeeb76ebc3de05ba57c0052a75f1-1024x540.png\" alt=\"\" width=\"728\" height=\"384\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/e672aeeb76ebc3de05ba57c0052a75f1-1024x540.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/e672aeeb76ebc3de05ba57c0052a75f1-300x158.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/e672aeeb76ebc3de05ba57c0052a75f1-768x405.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/e672aeeb76ebc3de05ba57c0052a75f1-728x384.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">I think this is very remarkable so that<span class=\"s1\">\u2019<\/span>s why I just placed buy order here because I can feel the price wanting to go up. What I mean is that there<span class=\"s1\">\u2019<\/span>s no more<span class=\"s1\">,<\/span> like sell energy on the market. There are more buy energy than sell energy here because another reason is that from the recent momentum<span class=\"s1\">,<\/span> the buy is stronger than sell. If you look at the price action from the recent low<span class=\"s1\">,<\/span> look how green candles are more showing up than red candles. So even the price went straight down recently<span class=\"s1\">,<\/span> because it didn<span class=\"s1\">\u2019<\/span>t exceed the recent lowest<span class=\"s1\">,<\/span> I wanted to buy here.<\/p>\n<p class=\"p1\">Also<span class=\"s1\">,<\/span> another reason why I buy here is the stochastic. Is seems to be working in this environment.<\/p>\n<p class=\"p1\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-476\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/6dd7ace7a040adad031f4cac7550a3f9-1024x538.png\" alt=\"\" width=\"728\" height=\"382\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/6dd7ace7a040adad031f4cac7550a3f9-1024x538.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/6dd7ace7a040adad031f4cac7550a3f9-300x158.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/6dd7ace7a040adad031f4cac7550a3f9-768x404.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/6dd7ace7a040adad031f4cac7550a3f9-728x383.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">When the price marked the lowest and after the stochastic marked gold cross<span class=\"s1\">,<\/span> the price started to go up<span class=\"s1\">,<\/span> then when it dead crossed<span class=\"s1\">,<\/span> the price went down. Then here too<span class=\"s1\">,<\/span> the price went up when it gold crossed<span class=\"s1\">,<\/span> then the price went back down when it dead crossed. So what<span class=\"s1\">\u2019<\/span>s gonna happen when it gold crossed next time<span class=\"s1\">,<\/span> right<span class=\"s1\">?<\/span> It<span class=\"s1\">\u2019<\/span>s still not gold crossed yet but I can expect from this momentum<span class=\"s1\">,<\/span> that when it does<span class=\"s1\">,<\/span> the price will keep going up. And when the market doesn<span class=\"s1\">\u2019<\/span>t move that way<span class=\"s1\">,<\/span> it proves the momentum has changed.<\/p>\n<p class=\"p1\">And there<span class=\"s1\">\u2019<\/span>s one more reason why I bought it here. That is<span class=\"s1\">,<\/span> when the price goes down from the current level and breaks downwards<span class=\"s1\">,<\/span> my loss is still minimum. You know<span class=\"s1\">,<\/span> I placed the SL below like 18 or 19 pips from the current price<span class=\"s1\">,<\/span> but I don<span class=\"s1\">\u2019<\/span>t think I will hold the position until the price his it because I will be keep watching the price action from now and because if the price goes below the recent lowest<span class=\"s1\">,<\/span> then my theory is proved to be wrong. So depending on the price action as I keep watching<span class=\"s1\">,<\/span> I might cut loss before it touches the SL.<\/p>\n<p class=\"p1\">Speaking of stop loss<span class=\"s1\">,<\/span> I always place Stop Loss even when I can keep watching the market like today because it<span class=\"s1\">\u2019<\/span>s like a seatbelt<span class=\"s1\">,<\/span> you know<span class=\"s1\">,<\/span> whatever something unexpected happens related to this currency pair<span class=\"s1\">,<\/span> like when some bad economic news happens or when Trump says something surprising<span class=\"s1\">,<\/span> the price could go straight down regardless of the current momentum. It<span class=\"s1\">\u2019<\/span>s something unpredictable and I used to lose lots of money because of those surprises. So that<span class=\"s1\">\u2019<\/span>s why I make sure to put SL right after I place any orders.<\/p>\n<p class=\"p1\">And like this time<span class=\"s1\">,<\/span> 20pips loss cut is very minimum to me and that<span class=\"s1\">\u2019<\/span>s why I thinks this is a great deal to buy. Sometimes<span class=\"s1\">,<\/span> when the market<span class=\"s1\">\u2019<\/span>s volatility is high<span class=\"s1\">,<\/span> I only find a place where I have to place like 50 pips or 70 pips of loss cut where I think it<span class=\"s1\">\u2019<\/span>s reasonable<span class=\"s1\">,<\/span> and in that case<span class=\"s1\">,<\/span> I would place lower lots<span class=\"s1\">,<\/span> like 10 or even 5 lots so that I know what risk I am taking to make a certain profit.<\/p>\n<p class=\"p1\">Anyways<span class=\"s1\">,<\/span> l will just leave it like this and let<span class=\"s1\">\u2019<\/span>s see how it goes later.<\/p>\n<h3 class=\"p1\">May 30 5min (10:00am JST)<\/h3>\n<p class=\"p1\">Good Morning<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s now at 10:00am in Japan on 30th of May. I was looking at the chart last night but after I confirmed the price kept going up after I placed the buy order<span class=\"s1\">,<\/span> I went to bed. And today just woke up like 1H ago and I just had some small breakfast and took my dog for a walk<span class=\"s1\">,<\/span> and recording this video.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-477\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9d721a1d08774b4f023831ad6dc6f865-1024x540.png\" alt=\"\" width=\"728\" height=\"384\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9d721a1d08774b4f023831ad6dc6f865-1024x540.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9d721a1d08774b4f023831ad6dc6f865-300x158.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9d721a1d08774b4f023831ad6dc6f865-768x405.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9d721a1d08774b4f023831ad6dc6f865-728x384.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">Look how nice the price went up after the entry. The price went up once<span class=\"s1\">,<\/span> then now it<span class=\"s1\">\u2019<\/span>s been pushed back about 10pips from the highest level.<\/p>\n<p class=\"p1\">Now<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s been about 27 pips above my position<span class=\"s1\">,<\/span> and making about $5<span class=\"s1\">,<\/span>000 of profit<span class=\"s1\">,<\/span> I will now move the SL to the entry price so that it becomes either win or break-even game.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-478\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/799302c34c5f156382789c93f28c06ec-1024x538.png\" alt=\"\" width=\"728\" height=\"382\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/799302c34c5f156382789c93f28c06ec-1024x538.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/799302c34c5f156382789c93f28c06ec-300x158.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/799302c34c5f156382789c93f28c06ec-768x404.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/799302c34c5f156382789c93f28c06ec-728x383.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">This is what I am good at and how I trade every day<span class=\"s1\">,<\/span> make the game to either win or break<span class=\"s1\">,<\/span> so that if I keep doing this<span class=\"s1\">,<\/span> there<span class=\"s1\">\u2019<\/span>s no such a thing that <span class=\"s1\">\u201c<\/span>losing<span class=\"s1\">\u201d<\/span> the game. It<span class=\"s1\">\u2019<\/span>s a good deal right<span class=\"s1\">?<\/span> I mean<span class=\"s1\">,<\/span> who does not want the game<span class=\"s1\">?<\/span><\/p>\n<p class=\"p1\">Now all I can expect is how much to win<span class=\"s1\">,<\/span> where to take profit<span class=\"s1\">,<\/span> and this is really a fun part of trading. I will keep watching the market from this morning along with other currency pair and if I see some remarkable price actions<span class=\"s1\">,<\/span> I will take another video.<\/p>\n<h3 class=\"p1\">May 30 5min (12:00 JST)<\/h3>\n<p class=\"p1\">This is two hours after the previous recording.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-479\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/6371bf8e4df6b70914c2797bdce0a5e4-1024x536.png\" alt=\"\" width=\"728\" height=\"381\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/6371bf8e4df6b70914c2797bdce0a5e4-1024x536.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/6371bf8e4df6b70914c2797bdce0a5e4-300x157.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/6371bf8e4df6b70914c2797bdce0a5e4-768x402.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/6371bf8e4df6b70914c2797bdce0a5e4-728x381.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">Now the price is still within the range. During Asian market<span class=\"s1\">,<\/span> usually there<span class=\"s1\">\u2019<\/span>s not much of volatility. The price doesn<span class=\"s1\">\u2019<\/span>t break downwards but it doesn<span class=\"s1\">\u2019<\/span>t break upwards either. But to me<span class=\"s1\">,<\/span> the market is still in buy momentum as the current price action shows it<span class=\"s1\">\u2019<\/span>s higher highs<span class=\"s1\">,<\/span> lower highs. So I will move the stop loss to slightly below the recent lowest on this 5min chart and aim for further profit.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-483\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/20c7663ff419d9a3b08ddf9a1907a0da-2-1024x534.png\" alt=\"\" width=\"728\" height=\"380\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/20c7663ff419d9a3b08ddf9a1907a0da-2-1024x534.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/20c7663ff419d9a3b08ddf9a1907a0da-2-300x157.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/20c7663ff419d9a3b08ddf9a1907a0da-2-768x401.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/20c7663ff419d9a3b08ddf9a1907a0da-2-728x380.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">Now<span class=\"s1\">,<\/span> let me explain why I moved the stop loss. First of all<span class=\"s1\">,<\/span> what I look at is the chart pattern showing double bottom and after that price is going bullish. And if you closely look at the W bottom<span class=\"s1\">,<\/span> the lowest price is slightly above the second recent lowest. And after it<span class=\"s1\">,<\/span> the price keeps going up until now. Also<span class=\"s1\">,<\/span> if you look at the stochastics<span class=\"s1\">,<\/span> looks like it resonates with the current price action and recent lowest is right at a level below 30%<span class=\"s1\">,<\/span> and it gold crossed. That<span class=\"s1\">\u2019<\/span>s I thought it<span class=\"s1\">\u2019<\/span>s relatively safe to move the SL to below recent lowest and if the profit is taken<span class=\"s1\">,<\/span> I will find another trade chance so it<span class=\"s1\">\u2019<\/span>s ok.<\/p>\n<p class=\"p1\">You know<span class=\"s1\">,<\/span> one of the things that people misunderstand about indicators is that when it comes to indicators<span class=\"s1\">,<\/span> there<span class=\"s1\">\u2019<\/span>s no holy grail<span class=\"s1\">,<\/span> as you know. The important thing is to identify what<span class=\"s1\">\u2019<\/span>s working and what<span class=\"s1\">\u2019<\/span>s not in a certain time frame of the chart. For example<span class=\"s1\">,<\/span> like on this 5min chart<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s obvious that Ichinoku cloud is not working<span class=\"s1\">,<\/span> right<span class=\"s1\">?<\/span> Maybe it worked when it was on a bull trend earlier but now<span class=\"s1\">,<\/span> cloud is too thin and it doesn<span class=\"s1\">\u2019<\/span>t do anything. It<span class=\"s1\">\u2019<\/span>s not working as a support<span class=\"s1\">,<\/span> or resistance<span class=\"s1\">,<\/span> or anything like that. And after the price just broke downward<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s braking upwards. You see<span class=\"s1\">,<\/span> the Ichinoku Cloud is very thin at a moment and when you look at it with the current price action<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s obvious that we cannot trade with this indicator. Remember in 1H chart yesterday<span class=\"s1\">,<\/span> it was working as a support cloud but in this chart<span class=\"s1\">,<\/span> seems like it doesn<span class=\"s1\">\u2019<\/span>t so I don<span class=\"s1\">\u2019<\/span>t look at it. I would rather look at what<span class=\"s1\">\u2019<\/span>s working at a certain environment like stochastics in this case. But it<span class=\"s1\">\u2019<\/span>s only working on this parameter. If you change the parameter to other numbers<span class=\"s1\">,<\/span> it will become not working<span class=\"s1\">,<\/span> you know. but in my current setting<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s working and this is one of my favorite settings so I just leave it like this. So<span class=\"s1\">,<\/span> stop trying to find an indicator that works for you. But rather<span class=\"s1\">,<\/span> for focus on what<span class=\"s1\">\u2019<\/span>s working and what<span class=\"s1\">\u2019<\/span>s not<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s my small advise.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-484\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/2812f04c9ada97e09351010005c45889-1024x537.png\" alt=\"\" width=\"728\" height=\"382\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/2812f04c9ada97e09351010005c45889-1024x537.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/2812f04c9ada97e09351010005c45889-300x157.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/2812f04c9ada97e09351010005c45889-768x403.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/2812f04c9ada97e09351010005c45889-728x382.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<h3 class=\"p1\">May 30 5m (2:00pm JST)<\/h3>\n<p class=\"p1\">Ok<span class=\"s1\">,<\/span> here is two hours after the previous recording.<\/p>\n<p class=\"p1\">Again this is 5min chart of USD\/JPY on 30th of May. And just as I expected<span class=\"s1\">,<\/span> the price kept going up and now it<span class=\"s1\">\u2019<\/span>s about 38 pips away from the entry price<span class=\"s1\">,<\/span> making almost $7<span class=\"s1\">,<\/span>000.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-485\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9deed2a8f4d458d0223baab18763c3b9-1024x492.png\" alt=\"\" width=\"728\" height=\"350\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9deed2a8f4d458d0223baab18763c3b9-1024x492.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9deed2a8f4d458d0223baab18763c3b9-300x144.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9deed2a8f4d458d0223baab18763c3b9-768x369.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/9deed2a8f4d458d0223baab18763c3b9-728x350.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">Now<span class=\"s1\">,<\/span> if you look at the stochastics<span class=\"s1\">,<\/span> after the previous recording<span class=\"s1\">,<\/span> it gold crossed and now it<span class=\"s1\">\u2019<\/span>s above 70% level and it<span class=\"s1\">\u2019<\/span>s showing overbought<span class=\"s1\">,<\/span> so I cannot tell how much more the price will extend upwards.<\/p>\n<p class=\"p1\">But if you focus on the moving average<span class=\"s1\">,<\/span> the red line<span class=\"s1\">,<\/span> it shows that the price is supported twice or three times<span class=\"s1\">,<\/span> so as long as the price is above the moving average<span class=\"s1\">,<\/span> I will just follow the trend until it breaks downwards. Now<span class=\"s1\">,<\/span> let<span class=\"s1\">\u2019<\/span>s look at 1H chart and see what we can find out.<\/p>\n<h3 class=\"p1\">May 30 1H Chart (2:00pm JST)<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-486\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/7a5c2c3d37dfe4f833f5259fda673039-1024x489.png\" alt=\"\" width=\"728\" height=\"348\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/7a5c2c3d37dfe4f833f5259fda673039-1024x489.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/7a5c2c3d37dfe4f833f5259fda673039-300x143.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/7a5c2c3d37dfe4f833f5259fda673039-768x367.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/7a5c2c3d37dfe4f833f5259fda673039-728x348.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">Here is 1H chart. On Thursday on 29th<span class=\"s1\">,<\/span> I placed buy order and after that<span class=\"s1\">,<\/span> the price went straight up<span class=\"s1\">,<\/span> pushed back once and it keeps going up now. And I am placing my SL right below the recent lowest<span class=\"s1\">,<\/span> ensuring about 18 pips<span class=\"s1\">,<\/span> about $3<span class=\"s1\">,<\/span>300 profit and currently aiming for further profit. Now if you look at the candle sticks on this 1H chart<span class=\"s1\">,<\/span> after I placed the buy<span class=\"s1\">,<\/span> there are two strong positive candles<span class=\"s1\">,<\/span> and 1 negative candle showed up<span class=\"s1\">,<\/span> then 1 strong positive candle showed up. And because it<span class=\"s1\">\u2019<\/span>s over bought now as you look at the stochastics<span class=\"s1\">,<\/span> the price might come back down now. Also<span class=\"s1\">,<\/span> because the price is hitting the previous highest so it also makes me doubtful if it breaks upwards or not.<\/p>\n<p class=\"p1\">Ichinoku cloud is not working in this 1H chart today as the cloud appears to be thin and moving horizontally. But when you look at the moving average<span class=\"s1\">,<\/span> the current price is above the line<span class=\"s1\">,<\/span> so there<span class=\"s1\">\u2019<\/span>s no reason for me to take profit at this moment unless the price breaks downwards<span class=\"s1\">,<\/span> just like 5min chart we saw earlier.<\/p>\n<p class=\"p1\">When you look at the stochastic<span class=\"s1\">,<\/span> it looks like it<span class=\"s1\">\u2019<\/span>s been working<span class=\"s1\">,<\/span> that the price goes up where gold crossed and the price goes down when dead crossed. Now<span class=\"s1\">,<\/span> the current price level is right above 70% level<span class=\"s1\">,<\/span> so it might be dead crossed and if that<span class=\"s1\">\u2019<\/span>s the case<span class=\"s1\">,<\/span> the price could go down. That<span class=\"s1\">\u2019<\/span>s something that I will be watching out along with the moving average.<\/p>\n<h3 class=\"p1\">May 30 5M (7:30pm JST)<\/h3>\n<p class=\"p1\">Hello<span class=\"s1\">,<\/span> everyone. It<span class=\"s1\">\u2019<\/span>s at 7:30pm here in Japan. About 5 hours passed from the previous recording and this is 5min chart of USD\/JPY. Now<span class=\"s1\">,<\/span> look how the price kept going up and currently +42 pips away from my entry<span class=\"s1\">,<\/span> making about $7<span class=\"s1\">,<\/span>600.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-487\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/12fae8ed7ef23bda4b9b4eb952daab5d-1024x540.png\" alt=\"\" width=\"728\" height=\"384\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/12fae8ed7ef23bda4b9b4eb952daab5d-1024x540.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/12fae8ed7ef23bda4b9b4eb952daab5d-300x158.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/12fae8ed7ef23bda4b9b4eb952daab5d-768x405.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/12fae8ed7ef23bda4b9b4eb952daab5d-728x384.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">And this time<span class=\"s1\">,<\/span> I will move the SL to slightly below the recent lowest<span class=\"s1\">,<\/span> ensuring 35 pips<span class=\"s1\">,<\/span> about $6<span class=\"s1\">,<\/span>400+ profit and aiming further. I kind of think that this stop loss is too tight but the reason is because I have to go out for a drink with my friends pretty soon. There is a good Yakiniku<span class=\"s1\">,<\/span> you know<span class=\"s1\">,<\/span> Japanese BBQ place in a city called Roppongi and that<span class=\"s1\">\u2019<\/span>s where I am going. It<span class=\"s1\">\u2019<\/span>s now 7:30pm and I will leave as soon as I finish recording this video<span class=\"s1\">,<\/span> so I will be quick.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-488\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/a3417f6682045a048c569214d5625573-1024x536.png\" alt=\"\" width=\"728\" height=\"381\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/a3417f6682045a048c569214d5625573-1024x536.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/a3417f6682045a048c569214d5625573-300x157.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/a3417f6682045a048c569214d5625573-768x402.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/a3417f6682045a048c569214d5625573-728x381.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">Let<span class=\"s1\">\u2019<\/span>s look at the price action first. After the previous recording<span class=\"s1\">,<\/span> it broke the recent highest and the price kept going up above the Moving Average. Then the price broke the moving average downwards and looks like it<span class=\"s1\">\u2019<\/span>s in a range state now. If you look at the recent lowest<span class=\"s1\">,<\/span> it marked 3 or 4 times and recently it showed like W bottom like chart pattern and now the price is on a bull trend.<\/p>\n<p class=\"p1\">Also<span class=\"s1\">,<\/span> the price broke Ichimoku cloud downwards. Well<span class=\"s1\">,<\/span> Ichinoku was not really working on this 5min chart so it<span class=\"s1\">\u2019<\/span>s not really significant.<\/p>\n<p class=\"p1\">Let<span class=\"s1\">\u2019<\/span>s look at something that was working<span class=\"s1\">,<\/span> stochastics. Now it<span class=\"s1\">\u2019<\/span>s been oversold below 30% level<span class=\"s1\">,<\/span> and it<span class=\"s1\">\u2019<\/span>s just gold crossed so the price might go up from here.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-489\" src=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/5607d0aed810ad3a9484d874546e38e3-1024x536.png\" alt=\"\" width=\"728\" height=\"381\" srcset=\"https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/5607d0aed810ad3a9484d874546e38e3-1024x536.png 1024w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/5607d0aed810ad3a9484d874546e38e3-300x157.png 300w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/5607d0aed810ad3a9484d874546e38e3-768x402.png 768w, https:\/\/forex-kei.com\/wp-content\/uploads\/2019\/06\/5607d0aed810ad3a9484d874546e38e3-728x381.png 728w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p class=\"p1\">So I think it<span class=\"s1\">\u2019<\/span>s good to move the SL to this level and aiming for further profit.<\/p>\n<p class=\"p1\">Every time I move the stop loss<span class=\"s1\">,<\/span> I only move it to the reasonable level where there<span class=\"s1\">\u2019<\/span>s a certain price action along with the indicator signals. And more importantly<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s ok that the price hits the SL because that<span class=\"s1\">\u2019<\/span>s where I think it<span class=\"s1\">\u2019<\/span>s reasonable<span class=\"s1\">,<\/span> and after it hits it<span class=\"s1\">,<\/span> I just look for another chance because there are chances everyday in any currency pairs<span class=\"s1\">,<\/span> even gold<span class=\"s1\">,<\/span> silver<span class=\"s1\">,<\/span> or other commodities or crypto currencies.<\/p>\n<p class=\"p1\">What I am focused is to follow my strategy and rule<span class=\"s1\">,<\/span> and not to break it. If I break my own rule and make profits<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s not a good profit. On the other hand<span class=\"s1\">,<\/span> if I keep my rule and lose trading<span class=\"s1\">,<\/span> it<span class=\"s1\">\u2019<\/span>s a good way of losing because I can always learn from it. So you must have your own strategy for placing order<span class=\"s1\">,<\/span> taking profit<span class=\"s1\">,<\/span> and cutting losses.<\/p>\n<p class=\"p1\">I guess it<span class=\"s1\">\u2019<\/span>s something that all the successful traders say but I think it<span class=\"s1\">\u2019<\/span>s true. And hopefully you can learn why by watching my live tradings.<\/p>\n<p class=\"p1\">Alright<span class=\"s1\">,<\/span> Yakiniku and my friends are waiting for me so I gotta go!<\/p>\n<p>Have a great trading this week!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This was recorded live on 29th of May on last Wednesday, 2019. I am about to trade this USD\/JPY and just looking at the chart and start analyzing the current market situation. Alright, let\u2019s get started. Watch Video Script May 29 Daily Chart This is a Daily chart of USD\/JPY. Now, if you draw lines like this, you can see that it\u2019s a wide range and the current price is somewhere lower part of that range. And if you focus on the range, the price went up with 8 positive bullish waves, then the price could not go above the previous highest, then it went down with just 1 negative [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":468,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_expiration-date-status":"saved","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[1],"tags":[3,4,9,11,21,26,29,52,76,77,78,79],"class_list":["post-467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-youtube-videos","tag-forex","tag-forexkei","tag-livetrading","tag-pickup","tag-usdjpy","tag-chartpatterns","tag-trade","tag-mental","tag-ichimoku","tag-stochastics","tag-moving-average","tag-bolinger-band"],"_links":{"self":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts\/467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=467"}],"version-history":[{"count":2,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts\/467\/revisions"}],"predecessor-version":[{"id":490,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/posts\/467\/revisions\/490"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=\/wp\/v2\/media\/468"}],"wp:attachment":[{"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forex-kei.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}