Market on 6/9 FX Plus 369
To all readers, good morning^^
I’m Ai, the self-proclaimed number one disciple of 369-sensei♪
First, let’s look at today’s BTC and USDJPY markets♪
【BTCUSD】
EMA settings
Red → 20 EMA
Yellow → 75 EMA
Blue → 200 EMA
BTCUSD is in a rebound phase after a sharp drop♪
On the daily chart, RSI has recovered into the upper twenties, rebounding from oversold conditions.
However, the 20 EMA remains strongly downward, so there isn’t enough signal yet to declare the downtrend over.
On the H4 chart, it has retraced toward the 20 EMA, but resistance is still evident.
Short-term rebounds continue, but I’d like to wait a bit longer to see whether this is a genuine upturn^^
【USDJPY】
EMA settings
Red → 20 EMA
Yellow → 75 EMA
Blue → 200 EMA
USDJPY is quite strong♪
On the daily chart, it’s trading above the 20, 75, and 200 EMAs, continuing an uptrend.
On the H4 chart, it’s maintaining a high level while forming pullbacks, with the 20 EMA acting as solid support.
RSI is a bit high, but not overly heated, and the buying side remains dominant^^
When you compare BTC and USDJPY side by side,
they look completely different even in the same market.
BTC is in a rebound phase after a big drop.
USDJPY continues to rise near the highs.
It’s not about which is right,
the market environments are just different, you know^^
That’s why I’ve always believed,
“A method that wins in any market”
is less important than,
“Someone who can adapt their approach to the market.”
That’s stronger, I think♪
In fact,
the markets change every day.
There are trending markets,
and Range markets.
Some days have high volatility,
and some days move hardly at all.
Trying to tackle all of that with a single mindset leads to some inconsistencies at times (・∀・；)
That’s why what’s important is,
not the method itself,
but the ability to observe the market and respond accordingly.
And,
the skill of turning that edge into capital growth through position sizing (lot management)^^
Previously,
I conducted an experiment with completely random trading by discarding the edge and deciding buy/sell directions by coin toss.
Of course, I don’t recommend that kind of trading in actual lectures (laughs).
Using a method with an edge yields dramatically better efficiency♪
However, even in that experiment, capital still grew gradually.
From this experience, I realized just how important capital management and lot sizing are^^
Build an edge through method construction.
Use lot sizing to turn that edge into capital growth.
When these two wheels are in place,
I believe you can achieve stable wealth formation (｀・ω・´)
Lot sizing.
It’s not just a technique to protect yourself.
While protecting capital,
it’s the technique to grow capital♪
Details here ↓