Market overview of marshmallows 0929 ~ There is a change in the market, objectively without emotion ~
Hello everyone
I am marshmallow.
From yesterday's review…
As I mentioned on my Twitter yesterday, when you limited your view to the market for just one day and entered selling euros,there may have been both winners and losers.It seems that the outcome was greatly influenced by differences in entry points as shown below. Those who entered at Entry Point ➀ probably closed their trades with a stop loss. However, those who entered at Entry Point ➁ likely closed with profit without carrying much drawdown.
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I would like to share one point of my view with everyone here.
Those who entered at Entry Point ➀ were by no means wrong in their market view.
However, choosing between ➀ and ➁ largely depends on whether you are someone who waits patiently or someone who takes an aggressive approach; personality plays a big role.In this case, Entry Point ➁ turned out to be correct, but there are cases where ➀ is correct as well, so I believe both options have their pros and cons.Therefore, for those who entered at ➀ yesterday and ended up losing, there is no need to be overly pessimistic; as long as you have a stop loss, there is a high possibility you will win in the future at that moment.
[Caution]
However, those who entered at ➀, endured drawdown, and then closed in profit, or ended roughly even, may face a high risk of bankruptcy in the future if they continue in the market, so please be careful going forward. In the market, usually if you wait, prices recover and you’re saved.
But what happens if an exception comes and the market moves in one direction?
Exceptions happen in the market all the time, so I think it is extremely important to keep exceptions within the realm of expectation.
If you don’t, you cannot manage large funds effectively. And I believe it is impossible to win in the market permanently.
Therefore I would appreciate it if you could strip as much as possible gambling-like elements from the market and approach FX as a business.
【Today's Market Analysis】
Today's market sentiment has changed significantly due to yesterday's dollar weakness.
Without injecting my emotions, I will report the facts as they are and continue to work calmly today, so please view the charts with me. Today's euro-dollar, we will look at the main chart step by step in the system we use.