TAG psychology

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…

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…

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…

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…

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

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 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…