DAILY HEIKIN-ASHI DAILY-CHART REPORT

Hello Steem-Team! I will now be posting a daily blog observing the Daily-Chart of the USD/JPY(UJY). I encourage traders to get involved in the "Forex" market if haven't yet done so. It is the most liquid market out there. If any of you have ever traded Bitcoin when it was real volatile(major swings up/dwn) then you already know how easy it was to get in & out of the market. As Wallstreet(and many other factors) got more involved, it slowed down the major swings I was accustomed to seeing. During this time, I happened to find my realm in the Forex market. Actually it's where I started to learn about trading(FXCM free courses after signing up and depositing the minimum requirement). The Forex market is way more volatile - major swings 24hrs.a day 5 days a week:) I also encourage traders to learn about Heikin-Ashi Candlesticks as I find it to be much more easier to trade as you will absolutely see for yourself, and you can thank me later:) - BITCOIN ADDRESS...If you are serious, you can search online for valuable info on these two topics(Forex/Heikin Ashi Candles). Also, there is a guy that goes by the name "Heikin-Ashi Trader" and by searching, you will find that he has great books to read on these candles(Amazon), and a few videos out(Youtube).

I am naturally a 'scalper' but decided to have best of both worlds by staying put in long-trends while scalpiing major pullbacks/retracements(up/dwn). And now that I am on 'Steemit', staying in long-trends will benefit me greatly as reading/commenting/blogging can take up a lot of time.
Note that the pictures were taken earlier today when the market first opened(2pm Pacific-Time over here). Ok so let's get started shall we!...

Last week we ran into lows in the mid 99.area and have met 'support' and we are clearly heading up as you can see by observing the bullish green candles that appeared across multiple time-frames, especially the Daily Chart(above with more pics below)!
If you checkout the RSI(2nd indicator down 4rm candle chart) on 0ne of the Daily pics with green/blue arrows, you can see that it is 'oversold' and heading up till it becomes 'over-bought'. I was initially [email protected](entry) but got out numerous of times as I was becoming indecisive, but then decided to hold the [email protected] during Fri before the market closed. Made some money on scalps but now I can hold with no issues as I can place my STOP-LOSS@BreakEven(entry Price):)After it gapped up today It had a nice pullback after reaching a bit over 100.7. It then went down as far as 100.282 I believe. I was going to put in another [email protected]@a target [email protected] but was on 'Steemit' reading and couldn't really concentrate so, decided to place a limit order@100 even, but the market turned around sooner than I thought and so, I [email protected] and [email protected] for a quick profit.

There will be more pullbacks and I might even scalp on the 1min timeframe this week, if feel the need. I'm still however holding onto my first position. I will post here everyday for those who are interested in my progress and will answer questions if may have. And keep in mind although we are LONG for now, we are still in a major downtrend with a healthy retracement taking place is all! So, let's watch how far we go before a reversal takes place yet again. Later and see you all next time on my Daily update :)

Daily Chart:


4hr.Chart:

1hr.Chart:

1min.Chart:

Lastly, the Weekly Chart - Important to observe if you plan to trade the Daily Chart

Note: When you see a formation such as this that resembles what we call, Head & shoulders and it meets support, expect price to retrace(upwards) for awhile before it starts to head back down.

Don't forget to folla, holla!