CATEGORY chart reading techniques

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…

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…

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…

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…

chart reading techniques

How to find a “profitable zone” for entry

There are zones that are easy to make a profit and difficult to make a profit. The difficult zone is where it’s difficult to get lots of pips and easy to get caught by the stop loss. The easy zone is where you are able to get lots of pips and less change of being caught by the stop loss. In this video I am explaining how you can identify the difference along with some realistic scenarios so that your trade can be more stable and profitable.