Scaletrade Futa-san FX trading lecture: Dow Theory, Granville, chart patterns, neckline, Fibonacci, etc. Analyze them comprehensively to help beginners and novices shed their beginner status
I decided to try FX trading, bought a lot of books and read blogs, and though I watched many brokerage seminars, for investors who can't get past beginner or novice levels,the winning investor Sca-tore Fuuta-san the technical explanations are easy to understand.
Today I’ve put together a digest of the lecture held the other day.
Now, the lecture consisted of
the Foundations
Applied
Trading Methods Section: explains multiple trading methods
Indicator Usage Section: used to combine the following technicals to predict price movements
divided into four parts.
In the Foundations section,
to forecast direction and trade ahead
Know the trend direction
Know Dow Theory
Keep chart patterns in mind
Know Granville's Law
Know Fibonacci
Know necklines
Know Bollinger Bands and moving averages
Observe forex order flow
Let's take all of these into account and combine them to capture price movements.
Until you can do that, don’t invest large sums of money; practice sufficiently with small amounts or a demo account to become a winning trader.
After acquiring the types of technical analysis you should know in the Foundations, the Applied section and the Trading Methods section (which explains multiple trading methods)then, using multi-time-frame analysis,weexplain several concrete trading methods.
It is a very practical and easy-to-understand lecture.
In the Indicator Usage section, you learn to display the technical analyses learned in the Foundations on the chart and use indicators in combination topredict price movements.
Indicators are often thought to be just signals, but the indicators proposed by Sca-tore Fuuta-san are like a compass that looks at the technicals in an integrated way and provides a basis for discretionary trading.
This fundamental content,I think many people study these basics individually, but the study group was showing how to apply them to trading.
I felt that by watching the lectures several times, beginners and novices can quickly move beyond that stage.
Report by Hayakawa
【October 26 Osaka ScaTore Fuuta Study Session】 https://www.gogojungle.co.jp/re/u8f9thsjjTHoQvd
【October 27 Osaka ScaTore Fuuta Study Session】 https://www.gogojungle.co.jp/re/g7hZyVzStQq5YAn
