Aim to become a seasoned trader with warm and gentle temperament! Learn FX with Nanamin, Episode 10
Actress and investor Nanami Hidowa will learn together with everyone what is necessary to make profits in FX from FX specialist Yasuji Yamanaka, aiming to improve trading results. This time, we will also learn the basics of technical analysis.
A list of serialized articles is here
【Table of Contents】Aim to become a proper trader with Nanamin: Learn FX with Nanamin
Yamanaka Yasuji Profile
Yamanaka, Yasuji. Joined American Bank in 1982, became Vice President in 1989, Proprietary Manager in 1993. Joined Nikko Securities in 1997, Deputy General Manager of the FX Funds Department at Nikko Citi Trust Bank in 1999. Founded Ascendant Co., Ltd. in 2002 and serves as Director.
Official Blog：FX information distribution site provided by Ascendant/Yamanaka Yasuji
Twitter：https://twitter.com/yasujiy
Nanami Hidowa Profile
Hidowa Nanami. Formerly Nonaka Nanami, renamed to Hidowa Nanami. Affiliated with Tezuka Koji Office. Active as an actress and investor, appearing in films, stage, and commercials, and hosting a regular program on Radioto Nikkei. The blog updates daily trading activities.
Official Blog：FX Actress Arrives! Serious Real-Time Trading Diary of the Emerging Actress Nanamin
Twitter：https://twitter.com/himnas03
About Price Range Observation
HidowaI have learned various analysis methods from Mr. Yamanaka, but this time I will learn price range observation and other technical indicators.
YamanakaIn technical analysis we consider “where to buy,” “where to sell,” and “what the current trend is,” but “how far will it go?” is also important. For example, when the price begins to fall, we want to know “how far will it drop?” and if there is a rebound during the decline, “how far will it recover?” This is where the method of “price range observation” becomes essential.
In this session, among price range observations, we will introduce two commonly used methods using Fibonacci ratios: “Price Retracement (hereafter, Retracement)” and “Price Expansion (hereafter, Expansion).” Retracement means a pullback, and Expansion means extension or widening. In Japan, adjustments to gains are referred to as “oshi” and adjustments to declines as “modoshi,” but in English both are treated as Retracement. Japanese market terminology is refined due to its long history, in my opinion.
