[For absolute beginners] The Power of the Lagging Span (Part 2)

Hello!! I’m Tatsujin Kawase.

Continuing from last time, as part of “The Power of the Lagging Span (Part 2)”, we will again examine the relationship between the lagging span and candlesticks.“Relationship between the Lagging Span and Candlesticks”.

Looking at the chart above,the white-circle part and the yellow-circle part move almost in the same way, as you can see.

As shown in the previous chart as well,the current price movement is greatly influenced by past price movement, which can also be seen from this chart.

If you were to take a position here...you would short after confirming that the lagging span bounced off the far left candlestick of the white circle..

If you are short on time,watch the 1-hour charts of USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY, etc.,every 1-2 hours and identify currency pairs wherethe candlestick and the lagging span are likely to intersect in a few hours..

After the candlestick and the lagging span intersect,check whether the lagging span bounces back or breaks through, and then take a position without going against the movement of the lagging span.

For details, I explain this on my blog, so please take a look.

Well then, that’s all for today.

Kawase

(I write in detail about investment results and how to set up the lagging span in my blog... http://50sai.xyz/　The Retired Generation! FX from Age 50)