How to make quick 40 pips in USDJPY
Since the FED last week went from an ultra hawkish stance to a more data dependant one it is clear that US data will now become even more important and volatile for USD pairs and also for the whole market.
And thats great news! It means we can now extract pips from the market every time there are important US news like for example the ISM manufacturing data today.
If you want to participate you can enter to my group trough the link in my bio.
For the ISM report yesterday it was really easy to get 30-40 pips out of USDJPY:
1. The ISM came better than expected with 52.7 vs. 52.1 consensus.
-> go long USDJPY immediately
2. Algos drove USDJPY higher for 40 pips
3. Take profit immediately when the first impulse of the move weakens.
4. Market participants realize that the most important subcomponent of the ISM, -> prices paid <- , came much lower than expected (60.0 vs 75.0 consensus)
5. USDJPY falls all the way back again
I made easy peasy 40 pips and so can you next time.
And thats great news! It means we can now extract pips from the market every time there are important US news like for example the ISM manufacturing data today.
If you want to participate you can enter to my group trough the link in my bio.
For the ISM report yesterday it was really easy to get 30-40 pips out of USDJPY:
1. The ISM came better than expected with 52.7 vs. 52.1 consensus.
-> go long USDJPY immediately
2. Algos drove USDJPY higher for 40 pips
3. Take profit immediately when the first impulse of the move weakens.
4. Market participants realize that the most important subcomponent of the ISM, -> prices paid <- , came much lower than expected (60.0 vs 75.0 consensus)
5. USDJPY falls all the way back again
I made easy peasy 40 pips and so can you next time.