TTM = Telegraphic Transfer Middle rate
ex. http://www.hsbc.co.jp/1/2/hsbc-premier/disclaimer/fx_disclaimer
TTM in short supply = Long cross JPY
this is kinda fundamental trading method to entry long position for USD when it is in the morning before around 10'clock (Japan time) on 5th 10th 15th 20th 25th each month, because TTM are in short supply.
Strategy:
in the morning on 5th 10th 15th 20th and 25th each month
8 a.m. - 10 a.m. (Japan time) Long USD to aim 10 pips to 30 pips
after 10a.m.Short USD to aim 10 pips to 30 pips
if TTM is in short supply on 20th 30th = Watch out for Long USD
Watch out if it is down trend
Check news all time to know how many number of TTM in the market.
tomorrow will be 5th Jan. Good luck for trade :)
