Market on 6/10 FX Plus 369
Good morning to all readers^^
I am Ai, the self-proclaimed number one disciple of 369-sensei ♪
First, let's look at today's BTC and USDJPY market♪
【BTCUSD】
EMA settings
Red → 20EMA
Yellow → 75EMA
Blue → 200EMA
BTCUSD is continuing a recovery after a sharp drop.
On the daily chart, RSI has somewhat recovered from the oversold zone, but both 20EMA and 75EMA are down, indicating a continuing downtrend.
On the H4 chart, fight around the 20EMA continues, and although there are temporary rebounds, the upside still looks heavy.
Rather than confirming a bottom,
it seems natural to view it as a stage where the downward momentum has slowed down^^
【USDJPY】
EMA settings
Red → 20EMA
Yellow → 75EMA
Blue → 200EMA
USDJPY remains strong ♪
On the daily chart, it stays above the 20EMA, 75EMA, and 200EMA, maintaining a clean uptrend.
On the H4 chart, the 20EMA continues to function as support, and it remains around high prices.
RSI is somewhat high, but not excessively overheated, and the environment remains favorable for buying ^^
When you compare BTC and USDJPY,
they move in completely opposite directions even though they are in the same financial market.
BTC is a rebound after a crash.
USDJPY continues to rise.
Interesting, isn’t it^^
But actually,
what traders should look at is not only
“whether it goes up or down.”
What’s more important is
“what kind of market it is right now”
to understand♪
Is it an uptrend?
Is it a downtrend?
Is it a ranging market?
First, grasp the environment.
Then think about the strategy.
This order is very important, you know^^
Conversely,
ignoring the environment and
trying to do the same thing in any market would
prevent you from leveraging your edge (・∀・；)
I often think that
techniques are weapons,
lot size management is management.
No matter how superior your weapon is,
if you use it wrongly, results won’t be stable.
Conversely,
if you can manage your funds properly,
you can keep your edge for a long time ♪
That’s why I believe
learning technique-building and lot-size management as a set is important^^
In fact, in the past I conducted experiments with completely random trades,
discarding the edge.
Of course, I don’t recommend this in lectures, and
in actual trading it’s more efficient to use an edge-based method ♪
However,
through that experiment,
my funds increased. I realized anew how powerful lot-size management can be.
Surviving in the market for a long time.
And growing your funds significantly.
To do that,
lot-size management is necessary (｀・ω・´)
Lot-size management.
Not just to protect,
but also to increase funds as a technique ♪
Details here ↓