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Mental Techniques

How to position trades without buy and sell bias (Live Traded)

This is my analysis on EURGBP because first of all, I see it’s a good chance to buy and I will tell you the reason from my own analysis, but today, I wanted to talk about how to see a chart without any bias so that you can always be flexible whether the price goes up or down, because no one can predict the movement in the future. But good traders always make profit over time because they have plans, and those plans are based on “if” questions, like “if the price goes up, then I will do this” or “If the price goes down, I will do that.” things…

Mental Techniques

The Best Forex Books you must read to be a Winning Trader

I will introduce some of the books I highly recommend for your trade improvement as I get requests like from my followers as below, What is your favorite book for forex trading? Which one should I read to improve my trading? So this time, I will introduce my recommended books to be a successful trader, that I think all the traders must read, because these are the books that I read many many times whenever I get into slump or going through tough times. Watch the Video Among dozens of books I’ve read so far, I picked up the ones that I think are necessary to to read when you…

Mental Techniques

How to keep your trade rules based on psychology

Keeping your own trade rule is one of the endless challenges for all traders. And this video is for those who tend to break his own rule and get loss over time. Like the other day, when the market spikes up and down, like the Gold or USDJPY on 13th of August, you know, they spiked more than 100 pips. and I was watching Facebook and twitter afterwards, and I saw one of the traders lost like 10 million dollars by that, but if you set your own rule and keep the rule, then the loss should’ve been kept minimum in such a volatile situation. So how can you keep…

Chart Reading Techniques

Step by step guide to Multiple Timeframe Analysis with running over $20,000 profit!

This is the forex analysis I do on every currency pair I trade, and this is exactly how I make profit each time. If you have ever been fooled by a sudden movement of the price action, this is the video for you. During the recording, there was a spike, but due to multiple timeframe analysis, I was able to deal with it accordingly. Video Request Form Watch the Video Gold Monthly Chart Analysis This is the Gold chart on the 5th of August, 2019 and let’s start from Monthly chart. One thing you need to remember is whenever you try to analyze the chart, always, you know, always start…

Mental Techniques

How much do you need to start forex trading?

This article is about account size in trading, like how much amount of money you should trade with. And this is actually a topic I wanted to talk sometime, but I will talk about one of the common misunderstandings of a trader who has small account size. When you read books about trading, often times it says “managing your own account, you know, your own fund is important for trading.” Maybe you’ve seen those statements somewhere before. And today I am not gonna talk about like how many pips the loss cut should be or how many % of loss each trade should be, you know, that’s something that I…

Weekly Chart Analysis

GBPJPY continuous bearish trend, SELL

Daily Chart bearish Daily chart shows continuous down trend as follows, Ichimoku Cloud Price is below cloud. Chikou span is below candles. Bollinger bands Price is walking along StdDiv -2 downwards MA20 MA is going downwards and price is below 20SMA. H1 Chart range Ichimoku Cloud Price is below cloud, however, Chikou span is about to interact with candles. Bollinger Bands Current price is right in the middle of StdDivs, so it could go either direction. The bands are contracting, showing the price is charging energy for the next move. MA20 The price could be resisted by the SMA20 and go down. Also, I can see that there’s a resistance…

Chart Reading Techniques

How to read moving average signals to make profit in forex trading

Hello, Konnichiwa! In forex trading or stock trading, moving average is one of the major tools that every trader would know. It’s a very famous indicator. However, do you know what it really tells you? You know when it gold cross, it’s buy or when it dead cross, it’s sell, right? I guess that’s the first thing you will be taught for moving average strategy. But do you know why it works like that? Have you ever thought about it? Let me explain what it really tells you so that you know the true meaning and what message the moving average actually tells you, and you will be able to…

Weekly Chart Analysis

Continuous US-China summit and US long term interest rate outlook

Continuous US-China summit and USDJPY Last week, following the results of the US-China summit on trade issues, market opened up with a gap upwards, but in the second half of last week the price dropped to 108 range and further dropped before the summit. The price eventually dropped to the level where it filled the gap. In June’s employment statistics, which attracted attention, the number of non-farm payroll employees was “224,000,” which exceeded the market forecast significantly, and the excessive rate cut for the US economy fell back. As a result, USDJPY went up to 108.64 and went to the middle of the 108 range towards last weekend. US long…

Chart Reading Techniques

Tokyo Box Breakout Strategy with 3 simple steps

Hello, Konnichiwa! This Tokyo Box Breakout Strategy is very simple, not complicated, so anyone can do. And you don’t need any indicators to do this. I will explain this strategy in 3 simple steps and then talk about why this strategy works. And I will explain this by using the live moving chart, so let’s start right now! Watch Video What are Boxes?   This is the 1H chart but look at these square boxes. These are what I call, Tokyo box. They show the time between Tokyo’s open and close time, which is between 9:00am and 3:00pm in Tokyo time, which is between 0:00am and 6:00am in UTC time…

Weekly Chart Analysis

Trade AGAINST the Cognitive Bias in Forex Trading: EURUSD Trade Review #1

This is the review of a trade I got from one of my followers in terms of both technical and mental awareness in forex trading. Watch Video Mail from Patrick in Canada Hello Kei san. Thank you for the great videos. I learn a lot and wish I could trade like you someday. I started trading like half a year ago but still struggling. I tend to see and trade by small timeframe charts so that I get the most profit possible from very top to bottom or vise versa. But as you told in a video, I think I should look at a bigger timeframe first to see a…