USDJPY CURRENCY TRADING PLAN

USDJPY CURRENCY TRADING PLAN 6:16PM EST - TUESDAY SEPTEMBER 5TH, 2023 WRITTEN BY: CHAD XZAVIER HARRIS USDJPY TRADING ACTION PLAN THE INTRODUCTION WE ARE TRADING THE USDJPY USD DOLLAR VS THE JAPANESE YEN MAINLY IN THE MAJORITY OF THE TRADING ACCOUNTS ON THE BROKERAGE ACCOUNTS. FXSWAY.COM BROKER TO SIGN UP FOR IN AMERICA. USDJPY IS A PART OF THE ASIAN CURRENCY SECTOR AND IS MOST VOLATILE DURING ASIAN SESSION. ASIAN SESSION IN EASTERN TIME IS BETWEEN 7PM EST AND 3AM EST. THE USDJPY TRADES PLACED AT 6PM EST ARE SAFE UNTIL 7-9AM EST. THE ORIGINAL LIST OF SESSION TIMES WERE IN CENTRAL STANDARD TIME. SO BETWEEN 7PM EST AND 7AM TO 9AM EST YOU HOLD THE USDJPY TRADES YOU HAVE IN. THE TECHNICAL INDICATOR YOU USE TO DETERMINE THE USDJPY TREND IS THE OSMA OR OSCIALLTOR OF MOVING AVERAGES OR MOVING AVERAGES OSCILLATOR AND YOU USE THE HOURLY OSMA WITH THE STANDARD OR DEFAULT 12,26,9 SETTING THAT MATCHES THE DEFAULT MACD SETTING. THE ONLY INDICATOR YOU WILL HAVE UP FOR THE USDJPY CHART ON META TRADER 4 OR 5 IS THE HOURLY OSMA DEFAULT PERIOD. WHEN THE HOURLY OSMA IS POSITIVE THEN THIS IS A BULL RUN OR A BLUE EXPANSION. IN THIS SCENARIO YOU BUY THE PRICE FROM 6 TO 7PM EST. YOU HOLD THE TRADES FOR UP TO 16 HOURS FROM 6PM TO 10AM EST MANDATORY CASH OUT. LONDON SESSION IS FROM 7AM TO 4PM EST. YOU ARE NOT TRADING USDJPY DURING LONDON SESSION ALONE. YOU RETURN DURING NEW YORK SESSION AT NOON. BETWEEN NOON AND 2PM EST YOU RETURN TO THE USDJPY CHART TO RECONTINUE ACQUIRING YOUR TRADING POSITION FOR THE NIGHT. YOU ARE TRADING AN ASIAN CURRENCY PAIR DURING THE ASIAN SESSION AND UNTIL THE LONDON SESSION OPENS AT 7AM EST. USDJPY MOVES THE PRICE ENOUGH PER NIGHT TO BRING IN $5-$10 PER TRADE. $10 WILL COVER 2 TRADES AT LEAST. WE WILL BE CATCHING THE HOURLY OSMA DEAULT PERIOD FROM INCEPTION TO CONCEPTION. INCEPTION WILL BE OUR WORD FOR BEGINNING OF THE DAILY OSMA WAVE AND CONCEPTION WILL REFER TO THE CLOSING OF THE DAILY OSMA WAVE. CHAPTER ONE