7/9 USDJPY, BTC market FX Plus 369
Hello to all readers, good morning^^
I am Ai, self-proclaimed the number one disciple of 369-sensei ♪
Today, let's look at the BTCUSD and USDJPY charts as well ♪
【BTCUSD】
EMA settings
Red → 20EMA
Yellow → 75EMA
Blue → 200EMA
BTC attempted a rebound, but selling pressure at higher levels remains evident.
On the H4 chart, it is holding near the 75EMA, while the 20EMA is flat and momentum is weak. The 200EMA sits just above as resistance, and whether it can be broken through will be the key point going forward.
On the daily chart, price is around the 20EMA, but the 75EMA remains downward-sloping. RSI has recovered to around 45, suggesting oversold conditions have eased, but it is still not clear that a strong uptrend has begun.
Recently there have been some buybacks, but Bitcoin remains susceptible to geopolitical risk and overall risk-off in financial markets, so be cautious of volatile moves.
【USDJPY】
USDJPY is still in an uptrend in the medium to long term ♪
On the H4 chart, there was a pullback once, but it found support near the 20EMA and rebounded again.
On the daily chart, both the 20EMA and 75EMA are rising, and it continues to trade near higher levels. RSI is in the mid-60s, indicating the trend strength remains.
In the short term, profit-taking could occur, but from a trend-following perspective, pullbacks remain favorable for buying on dips^^
Fundamental of money management is not “the skill to increase profits” but “the skill to avoid exiting the market”
In trading, the most important thing is thought to be the method, but
I think more importantlythe basics of capital managementare crucial.
No matter how excellent your method is,
if the lot size is too large, a few consecutive losses will drastically reduce your capital.
Conversely, if you operate a statistically advantageous method with appropriate lot sizes,
a certain number of losses can be tolerated as expected.
In other words,
the foundation of capital management is not to maximize profits but to survive until the next opportunity.
As long as capital remains, advantageous opportunities will come again and again.
However, once you exit, you cannot take advantage of those opportunities.
Therefore I
emphasize not “how much you win” but “how long you can stay in the market”
.
Those who keep winning are often not resistant to keeping their lot sizes small.
It is not the ones who aim to win big that ultimately reap the largest profits, but those who survive the longest ^^
For details, please see here ♪