6/12 USDJPY, BTC market FX Plus 369
Hello to all readers, good morning^^
I am Ai, the self-proclaimed number one disciple of 369 sensei ♪
First, let's look at today's BTC market♪
EMA settings
Red → 20 EMA
Yellow → 75 EMA
Blue → 200 EMA
BTCUSD has been dropping sharply and is gradually trying to find a bottom.
On the daily chart, after a series of long bearish candles, small bullish candles have begun to appear, but the 20 EMA remains strongly downward and the gap with the 75 EMA is still large.
Rather than saying the downtrend ended,
I think the natural view is
"a rebound after a sharp drop"
In H4, there are short-term higher highs and higher lows, but it has not yet turned into a full-fledged uptrend.
RSI is recovering, but on the daily chart it remains at a low level, so it seems the battle with the selling pressure from a rebound will continue♪
After a sharp drop,
you want to think,
"This is the bottom!"
but
in reality, more important than confirming the bottom is
being prepared for the subsequent price action(・∀・;)Next, USDJPY♪
USDJPY continues to be extremely strong^^
On the daily chart, it stays above the 20 EMA in the high-price range, and the 75 EMA is also clearly rising.
The trend is still seen as bullish♪
In H4, there was a temporary pullback, but buying quickly resumed.
RSI is somewhat high, but during a strong trend it is not rare for it to stay high for a long time.
It’s interesting to compare BTC and USDJPY side by side, isn’t it^^
BTC is
"wondering how far it will drop"
and everyone is thinking about it,
USDJPY is
"wondering how high it will go"
and everyone is thinking about it.
But what actually determines the capital curve is not just the accuracy of market predictions.
In the past, I conducted experiments with random trading,
using almost no edge advantages.
Of course, if you only consider efficiency, using edges is overwhelmingly advantageous.
In lectures and products, random trading is not actually recommended^^
However, one thing I strongly realized through that experiment is
that
capital management and lot sizing
have more power than many people think
♪
People who continue to win in markets do not just refine their methods.
How to manage capital.
How to think about lots (lot sizing).
They face these seriously as well^^
When people hear "lot control technique," they might think it’s a protection skill, but
the essence is different.
Increasing capital,
a technique aimed at capital growth
is what it is♪
Therefore, I think
learning method construction together with lot control technique is important (`・ω・´)
In order to survive longer in the market,
and to grow capital,
this is an indispensable mindset, you know^^
Details here ↓
https://www.gogojungle.co.jp/finance/navi/articles/113407