Okachan-Man's FX Trading Guidance | Episode 2 Technical Analysis Part 1
A strong professional full-time trader who garners overwhelming support from readers, Okachan-man, is well known to many yet there are likely still people who don’t know much about him. Here, we re-edit his past articles that generated a large response and add his new comments and recent developments. The structure is designed to give a clearer sense of who he is, so please take a look before the e-book goes on sale.
*This article is a reprint and rewrite of FX Wealth攻略.com November 2020 issue. Please note that the market information written in the text may differ from current market conditions.
Okachan-man Profile
Born in Fukuoka Prefecture in 1980. Hobbies are news search and bar-hopping. Specialty is not sleeping. He started FX in 2011 and now leads a comfortable life as a full-time trader. He has strong intellectual curiosity and exceptional information gathering and analytical abilities. Recognized by the “Trade Team Inishie,” he became a core member of the team. His trading is centered on swing trading based on fundamental analysis.
Inishie-Style FX Blog:Fundamentals Trade
Twitter:https://twitter.com/jn6gtz
What is Technical Analysis?
Technical analysis uses charts to read the thoughts and intentions of market participants from past price movements. I focus mainly on “key levels” and “timing” in my analyses. Key levels and timing may look similar, but I consider them separate things.
Key levels refer to the vertical axis of the chart, showing price and price range, while timing refers to the horizontal axis, representing time and duration. While many people pay attention to price and ranges on the vertical axis, I believe it is important to view them together with time on the horizontal axis.
This time, I will introduce the technical analysis tools I use and explain what I read from them. By the way, technical analysis and fundamental analysis are not separate things; it is important to view them together, and I would like to cover this in a future opportunity.
Trading Using 7 Tools!
The tools I use in technical analysis are vertical lines, horizontal lines, trend lines, parallel channels, Fibonacci retracements, moving averages, and RSI.
