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Weekly Chart Analysis

Weekly Forex Analysis 24/06 – 30/06/2019

A week of G20 The material of this week is the “G20” starting on the 28th, and it is not the “G20” itself, but the diplomacy between the leaders held there, that is, the “top talks.” G20 itself has already been a mere formality and there seems to be little influence. The main topic would be how Japan’s chairman country warns against the rise of “protectionism” and prevents its progress, and whether it can be reflected on the joint statement, but it is nothing more than that. Global economic impact of US-China summit Many market players are paying the most attention to the outcome of the “US-China Summit” that will…

Mental Techniques

What should I learn to be able to win? The difference of learning style between winning and losing traders.

Why there are people who win and who lose in forex trading? That’s because “what” and “how” they study is different. Holy grail is in you As compared with any skills, trade is the same as driving and sports. And you can never be successful just understanding with your head. You can move your body in unconscious level when your head and body connects altogether. When you start trading, many people start searching for holy grails. And ironically, those who realized that there is no such thing as the Holy Grail starts to walk along the pathway of a winner. Let go of unnecessary knowledge A variety of information is…

Mental Techniques

Break Even Strategy: Live Traded on EURGBP

This is a live trade on EURGBP on 12/06/2019. I placed two buy positions and ended up with break even (little profit) and soon after closing the position, the price went straight down. Loss cut technique is very important because that’s the way to secure your account. And if you can survive from the market, there’s always a next chance. But if you die, that’s the end of the game. Watch Video EURGBP Daily chart on 12/06/2019 This trading is recorded on the 12th of June, 2019. This chart is the Daily chart of EURGBP I am thinking to trade this currency pair because as you can see, it’s been a…

Mental Techniques

Free Excel Spreadsheet : Profit Management – 3 numbers to protect your profit as your life guard

Profit management is just like a shield to fight on the battlefield called “Forex.” It is not courage but foolish to fight without knowing how to protect yourself. The importance of learning to survive A competitive trade is a surviving trade. It is said that 70% of the FX participants will eventually leave, but only those who survive to the end will receive continuous benefits. If you know how to survive without leaving, even if it takes time to learn, you will be able to join the winning traders group. Nothing is more important than NOT GIVING UP. The same can be said for business and study. But in forex,…

Youtube

LIVE trading between 4th and 5th of June, 2019 on GOLD (over $20,000 Profit)

This video was recorded LIVE between 4th and 5th of June, 2019. I was looking for some trade chance on this Gold chart. Watch Video Daily chart Here is the Daily chart of Gold today. Now, as soon as I look at the chart, I noticed that there is a descending channel line and the price broke upwards like 3 days ago, and it’s been quite strong bullish trend after that and it keeps going upwards. After the head and shoulder chart pattern appeared on this February, the price went downwards, then it created W bottom like chart pattern, and it went straight up and the price even broke Ichimoku…

Youtube

LIVE trading between 29th and 30th of May, 2019 on USD/JPY ($6,400 Profit)

This was recorded live on 29th of May on last Wednesday, 2019. I am about to trade this USD/JPY and just looking at the chart and start analyzing the current market situation. Alright, let’s get started. Watch Video Script May 29 Daily Chart This is a Daily chart of USD/JPY. Now, if you draw lines like this, you can see that it’s a wide range and the current price is somewhere lower part of that range. And if you focus on the range, the price went up with 8 positive bullish waves, then the price could not go above the previous highest, then it went down with just 1 negative…

Youtube

LIVE trade recorded from entry to make $2,700 on AUD/CAD on 24th of May

This is a recording from last Friday, 24th of May, 2019. I recorded live and explained how I look at a chart from placing an order to making profit on AUD/CAD. In the recording I mainly explain based on 30min time frame chart. But I do look at a chart multi-time frame from Weekly, Daily and 4H charts. It took some time to edit the recording because of some microphone issues… but hopefully you enjoy the video. Watch Video Script In this video, I am explaining from placing an order to making a profit, and showing you how I am thinking and feeling during the trade and hopefully it gives…

Weekly Chart Analysis

US-China trade war and Japanese GDP in relation to consumption tax

US-China trade war has begun Last week, the Trump administration of the United States raised the previous 10% tariff to 25% for $ 200 billion on Chinese products, and also announced to apply the 25% duty to the remaining $ 300 billion as the fourth retaliatory duty, putting pressure on China. In fact, the USTR (US Trade Representative Office) has announced 3800 items are targeted for Chinese products. On the other hand, China announced a countermeasure to put a 5-25% duty on US products $ 60 billion from June 1 and has just shown the appearance of a “trade war.” Because of this, USD/JPY has become more active in buying…

Weekly Chart Analysis

Brexit has been postponed until October and tariff issue settlement is a key.

On the morning of April 25, with the news that Britain’s Brexit exit has been postponed until October this year, the pound showed selling behavior due to uncertainty over its outlook. Although the talks between the government and Labor Party resumed on the 24th after Easter holiday, the parties did not have a mutual understanding of the tariff after withdrawal. May aims to be free from tariff arrangements with EU May is planning to leave the customs union when leaving the EU. And after exchanging mutual tariff arrangements with the EU, she aims to be able to freely conclude trade agreements with foreign countries outside of the EU without having to…

Weekly Chart Analysis

Weekly Forex Analysis 22/04 – 28/04/2019

Long holiday is awaiting in Japan USD/JPY continues to be in range at a rate of 112 yen, but there is no noticeable movement, and hard to participate. Meanwhile, the “very large holiday” which has never been seen before in Japan, which is 10 consecutive holidays, will begin this weekend. Now let me show you how investors in Japan see the situation. Some marketers stated “USD/JPY is subject to speculation and may fluctuate significantly,” and others say “it does not move much” and looks like it’s already entered its preliminary stages. In fact, I started to get some inquiries from investors today. I think that the dollar plunging of January 3rd this…