TAG trade

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

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…

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…

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…

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…