Doctor Iida-tchi's “Relaxed” End-of-Day Trade｜Episode 5: The Beard-Adding Pattern ① The Secret of Moving Averages Nobody Talked About (Part 1) [Dr. Iida-tchi]

profile of Mr. Iidacchi-sensei

Former instructor at a cram school. He loves hot springs and holds a hot-spring sommelier qualification, and is a professional FX trader. Using a method called "Closing Price Trading Method," he has trained many excellent traders, and at his online study sessions, participants from all over the country—from the elderly to young people—learn together. The chart analysis method that emphasizes the "closing price" has become a popular trading approach among part-time traders because it does not require constant focus on the 24-hour market.

Blog：The Great Reversal from 100,000 Yen! FX Trader IidacchiBlog

*This article is a reprint/edit of an article from FX Challenge.com, March 2019 issue. Please note that the market information written in the text differs from the current market.

Important Points of Moving Averages That Many People Do Not Know

Hello, this is Mr. Iidacchi. In the previous discussions, I wrote about the crowd psychology of the market through the “bullseye pattern.” Why does the head-and-shoulders or inverted head-and shoulders lead to a top-bottom pattern? And why does a reversal occur when a cross-line appears? I explained the reasons behind these. Once you understand the basis and reasons for reversals, I think you can trade with confidence and without hesitation.

In many seminars, there is only a presentation about chart shapes, but in Mr. Iidacchi’s study group, the reasons why such shapes cause reversals are explained in an easy-to-understand way. That is the secret to producing many winning traders.

You all probably think you know moving averages as a matter of course. They are often called the king of indicators and can be said to be the king of indicators used worldwide. About this moving average, how much do you know?