Chart God Analysis [3] A single trade is expected to capture about 100 pips! A versatile method using the Vega Stone Channel and the Iidacchi line in combination [Teacher Iidacchi]
Profile of Iidatchi Sensei
Former instructor at a preparatory school. Loves hot springs and holds a spa sommelier qualification; a professional FX trader. He trains many capable traders using a method called the “Close Price Trading Method,” and his online study sessions attract participants from all over the country, from the elderly to the young. The chart-analysis method that emphasizes the “close price” is popular among part-time traders as a trading approach that doesn’t require 24-hour market focus.
Blog:http://iidatchi.blog.fc2.com/
※ This article is a reprint/edit of an article from FX攻略.com February 2019 issue. Please note that the market information stated in the text may differ from current market conditions.
Key Points of the Strategy
- Technical: 144 EMA (level display “±987”), 169 EMA, 12 EMA
- Trading time frame: 1-hour chart
- Pairs to target: high-volatility pairs such as GBP/JPY, GBP/USD, GBP/AUD
- Advantages of this strategy: simple and clear, with large potential profit per trade
Buying on dips with two moving averages (Vegas Tunnel)
New
- Confirm that price is above the Vegas Tunnel
- Buy entry when price touches the upper line near price of the Vegas Tunnel
Exit
- Take profit when price touches the Iidatchi line
- Stop loss when the 12 EMA crosses below the two lines of the Vegas Tunnel (dead cross)
※ The “Key Points” and body text assume a rising market for long positions. In a declining market for shorts, the rules are reversed.
