Active forex trader discusses with the talked-about person in depth Trader’s Conversation | Guest Subaru Hachiya, Part 2 [Traders Securities Minna no FX Iguchi Yoshio]
Subaru Hachiya Profile
Popular for simple yet practical chart analysis using only channel lines. Shares daily market views on Twitter, blog, and YouTube, attracting the attention of many traders.
Blog:https://beestore.jp/
Twitter:https://twitter.com/m45fx
Yoshio Iguchi Profile
Iguchi, Yoshio. Trader Securities Market Department, dealing section. Certified Technical Analyst. Since 1998 has worked at financial institutions, mainly engaged in covering dealing in the commodities market focusing on precious metals and petroleum products. Since 2009, affiliated with Minna no FX, handling dealing in USD/JPY and major European currencies as their main battlefield. Proficient in forex analysis from a fundamental perspective and also well-regarded for short-term forecasts using technicals. Recently appeared in Minna no FX’s free online seminars, with clear and well-received lectures. Furthermore, on Twitter, professional dealers share real-time opinions about the market, so it’s worth checking out.
Twitter:https://twitter.com/yoshi_igu
※This article is a reprint/edit of an article from FX攻略.com January 2020 issue. Please note that the market information written in the body is different from the current market.
【Link to the previous part】
Current exchange dealer discusses topics with the famous person in a Trader’s Interview｜Guest Subaru Hachiya, Part 1 [Trader Securities Minna no FX Iguchi Yoshio]
Ignore economic indicators and aim for major tops and bottoms
IguchiHow do you approach fundamentals?
Subaru Hachiya (hereafter Subaru)I believe fundamentals are very important, but I don’t think a novice like me can make accurate analyses just by reading online news, so I don’t rely on them.
IguchiSo you won’t do it clearly?
SubaruYes. For someone like Iguchi who understands both fundamentals and technicals comprehensively, it may be better to use them together, but for individual investors it’s difficult. Our message is to focus on what to do when a certain situation occurs rather than what happened, which makes it easier for personal investors like us to operate.
IguchiThat’s a very good answer for part-time traders. It’s encouraging. By the way, do you ignore big events too?
SubaruIf the scale reaches the U.S. presidential election, I would avoid entries and consider closing positions. However, I don’t pay attention to the FOMC or U.S. employment data. From my experience, I have only cut losses on major indicators once or twice. If you aim at an in-between level, there is risk, but if you capture a major top or bottom, it should be fine.
IguchiI think that gives courage to those who are wavering. So apart from major events like U.S. presidential elections or Brexit, is trading basically possible?
SubaruRegular events are not a problem.
IguchiSo that means it is a channel line drawn with that in mind.
SubaruThe blog often receives questions about economic indicators. My method is to draw a channel line and take the top or bottom one, and when a data release arrives, if your position is not in profit, it implies the top or bottom line you drew or entered was wrong, so it might be okay to exit, too.
