Marshmallow market commentary 0923～Understanding market wave theory～

Hello everyone

I’m Marshmallow.

I will provide today's market analysis.

First, I will publish yesterday's trading history.

※This is an account operated and公開 with a real account that is easy to understand even for everyone, with a low lot size (about 1–5 lots). I don’t intend to boast about profits, but I would like you to look at the trading method and techniques.

※Free early-release distribution is available on the Twitter account below, and yesterday I also earned about +30 PIPS, so

if you don’t mind, please follow. I ended with quick taking profit, though (;´・ω・)

Twitter account

https://twitter.com/mashioka777

From yesterday’s market analysis, I discussed the downward trend of EURUSD and shared a selling strategy for EURUSD. Therefore, in USD-pairs like EURUSD and GBPUSD, you can see that all entries were initiated with a sell bias.

What I was conscious of in yesterday’s trades was trading with awareness of the market waves that I will discuss today.

【Marshmallow-style Market Wave Theory】

What I consider the market waves to be,

I have drawn two vertical lines on a chart displayed on a 1-hour timeframe here.

1-hour chart

As you can see from the image, the sections where the vertical lines are drawn are consistently declining.

Next, we will examine the same sections with the vertical lines on a smaller time frame than 1 hour.

1-minute chart for the same period as the above 1-hour chart

It may be a little hard to see, but even in the areas that were downtrending on the 1-hour view, the chart forms a wave with ups and downs.It shows a fluctuating chart. While it might seem exaggerated, there are clearly moments of rising even during the downtrend, so you can see that prices are not simply falling endlessly.

Long-term trend and short-term waves

So what am I trying to say?

If you determine the long-term trend and, on top of that, operate with short-term counter-trend entries, there is a very high likelihood of having an advantage in the market.

In the context of this image, the long-term trend is downward, but when actually trading, I think it is more optimal to sell at the highs when you confirm the chart on the short-term timeframe.

If you look at my positions from yesterday again,you can see that I didn’t just enter recklessly; I had solid rules and targeted retracement highs.

【Today's Market Analysis】

So this is today's market analysis,

I would like to apply this wave theory to think about the market in practice.

First, the determination of the long-term trend,