The Big Short On CHFJPY
Hey Traders,
As the price of CHFJPY rallies and rallies many traders have become curious about where it will go next.
This provides a classic trading lesson which cannot be ignored (much like we saw on USDJPY when it got slammed).
Make sure you do not go crazy and sell everything you have. Just scale in to the short side with DCA incase of further highs.
Watch, take notes and ask Qs.
As the price of CHFJPY rallies and rallies many traders have become curious about where it will go next.
This provides a classic trading lesson which cannot be ignored (much like we saw on USDJPY when it got slammed).
Make sure you do not go crazy and sell everything you have. Just scale in to the short side with DCA incase of further highs.
Watch, take notes and ask Qs.
Nota
Minor early gains taken after the short fall earlier.Re shorts now applicable
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Slight news influx today. Any rash fall will be followed by exits and re shorts.Nota
Exit again for gains. Looking to short as we fall.Nota
Exit shorts at current supportNota
Larger PB needed nearer 1.54+Nota
Exit again on re short gains.Nota
Several exits taken looking for larger fall.Nota
By now you should be out of shorts and in bundles of gains.It is too late to enter now, you need a rise nearer 1538-9
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Re short now.Nota
Slammed down again for further gains.Nota
Exit ALL shorts. larger repush higher required for RE entries in the market.
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again, larger re push needed for re shorts.Nota
Re shorting highs.Nota
Straight out for gains again.Nota
Re shorts circa 1539Nota
Re short nowNota
Re adding to shorts spread out on new highs. Do not overleverage and do not bunch. Your job is now to create a varied high price anticipating a fall.Nota
Looking for larger falls into this week. Hedging initiated if price raises viciously high. DCA positions spread into new highs.Nota
If you intend to take this trade going into next week.. Remember you are not selling your house to take a short position.
No trade is a 100% Instant fall to where you want. Sometimes it involves plans and work.
No matter how great a trade looks, it can always go further against you.
That being said our bias remains short and we will work with the trade in our broker accounts as the market rises further.
Keep size small.
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out of any newer shorts Looking to re short higher again on RE push as forming now.Nota
Price teetering due to lack of sentiment.That is when you decide... IN or out?
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Re short again.Nota
Boom. Out for gains on open time.Nota
Re shorts coming again on pushes up to resistance (check lower TFS)Nota
out of shorts. Any further shorts at RE hit highs.Nota
Exit any shorts held.Looking for sharp re pushes to trade new forming downtrend.
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Hold off any hedge longs also, drop needs to be far further to comfortable support.Nota
CHFJPY getting wasted again and hopefully you are out for gains.Remember you must Anticipate moves before they happen. Things just cannot rise and rise forever. They have to come back.
Stay posted for more.
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Smashed further and further.Harsh re pushes available for shorts,
Today can change FAST. Be around at all times.
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Re short nearer 154.3Nota
CHFJPY slammed even further. Any longs must be LIGHT. Keep an eye on news as we get closer.
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Circa 154 shorts.Nota
Exit any shorts again for gains. (7 or 8X in a row)Nota
Exit any further shorts, very very minor longs becoming appropriateNota
Exit any minor longs on the bounce looking to re short 154 450Nota
Light Shorts.Nota
Maintaining shorts as we go into this next week.Nota
RE shortNota
massive fall. Exit for gains and spend wisely this weekend :)Nota
Make sure all shorts are removed. New ones only appropriate on larger rises.Nota
Exit it all re shorts taken. Longs are for scalpers and extremely light sizes.Nota
Re shorting 155Nota
Make sure any shorts are not overleveraged. Remember, price can, and will always go higher than you expect it to.
Just make sure that you can sustain vast rises.
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That’s where max size rules, hedging and DCA comes in (you should already have banked dca / hedge gains) to keep your equity in a safe levelNota
New video to come, but remember:Space out positions.
DROP YOUR SIZE.
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And also consider using the profits already made to reduce your exposureNota
So Monday market open comes soon.Spend today organising yourself so that you are fully prepared for any further moves up. NEVER overleverage.
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exit any RE shorts taken for gains.Nota
Exit DCA shorts and await Hedge longs lower.Nota
Re shorts appropriateNota
Further Re shorts now.Nota
Exit DCA Shorts, look at light hedge long entries.Nota
Exit light hedge longs a RE short DCA.Nota
Hedge Longs RE exited for gains looking for further DCA entries.Nota
Exit for gains on DCA entries and look to RE hedge long.Nota
Exit any hedge longs AGAIN for gains.Looking to DCA short now.
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Shorts only appropriate higher up on impulse. do not desperately enter late, it can be hairyNota
New high and price rejection (likely MM stop)Holding new shorts
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So with todays sideways movement you should have,1. Accumulated various hedge gains to offset losses.
2. Re shorted for extra gains (DCA)
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Exit for further short gains.Nota
RE shorting into new week.Nota
Liquidate any prev shorts.Nota
DCA short again.Nota
Exit DCA shorts ^ Looking for minor scalp longs.Nota
DCA short again. 1662Nota
Exit shorts for gains, hedging long.Nota
Further hedge longs at 1638Nota
Exit any longs, flip short slightly higher for further DCA gains.Nota
Exit shorts for gains, take light longs.Nota
Re shorts available again higher.Nota
Exit shorts for gains.Nota
Looking to hedge long and control risk.Nota
Adding shorts on re pushes into next week should they occur.Nota
Using dithering for hedges in conjunction^Nota
Many hedge gains taken, reshorts available.Nota
Re shorts now.Nota
Maintaining short bias.Nota
RE shorts.Nota
Maintaining re short bias pre us newsNota
Still maintaining light entry bias.Nota
Exit shorts again for further gains.
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Posts Not financial advice.
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.