Dr. Iidacchi's "Yūyū" Final Price Trade | Episode 7: How to Use Chart Patterns [Dr. Iidacchi]
Profile of Iidacchi Sensei
Former teacher at a preparatory school. Loves hot springs and holds a hot spring sommelier qualification, a professional FX trader. By using the “Close Price Trading Method,” he has trained many excellent traders, and in his online study sessions participants from all over the country, from the elderly to the young, learn together. The chart analysis method that emphasizes the “close price” is popular among part-time traders as a trading method that does not require intense focus on the 24-hour market.
Blog:A Big Comeback from 100,000 Yen! FX Trader Iidacchi BLOG
*This article is a reprint/edit of an article from FX攻略.com May 2019 issue. Please note that the market information written in the main text differs from the current market.
Liberation from the Curse of Market Predictions
Hello, this is Iidacchi Sensei. In the previous piece, after explaining the Do-npisha pattern, a candlestick-pattern, we explained the “candlestick reveal” pattern. Iidacchi Sensei and the participants of his FX study group profit each month with just these two patterns: Do-npisha and Candlestick Reveal.
The start of many traders' failures is clinging to predictions. Predictions are very troublesome, and it takes time to realize that your forecast is off; by the time you realize it, it may be too late. And your predictions are often actually “wishes,” and you may not distinguish them from objective forecasts. Even if the forecast is legitimate, if it turns in an unexpected direction, you may not notice and fall into a situation of wishes or prayers.
