shermanchoo

UJ Sell (Time Factored Swing)

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
What i like to see is
1. Price action make a push down because of early sells.
2. Price action make 1 more push up to clear these early sells so we can take their positions.
3. Early sellers will be force to buy back their positions (aka stopped out).
4. Then the real drop.
5. a trigger is required to confirm the theory, entry and setup a stop loss.

-for Double Macd Time Factored Swing trigger, I use:
1. lower time frame (5, 15min) entry for confirmation. Entry without confirmation is an aggressive entry and requires an appropriate trade management strategy that takes away the risk asap.
2. proper pip value calculation
3. stop loss. even for an entry that's 0.5% value of an account size

*IMPORTANT*
Double Macd Time Factored Swing is used to forecast overall price direction.
However, wrong position sizing, poor timing of entries,
incorrect stop loss placement (or worse no stop loss), will result in trading
psychology damage, no money earned and Risk of Ruin.

My focus is identifying trading opportunities within the weekly to five-month timeframe, aiming for a profit potential of 700-1000 pips
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