Revelation from the Eyes? Understanding the Essence of FX’s Charm ~ Mastering Moving Averages (Part 4) ~ [Iidatchi Sensei]

Profile of Dr. Iidatchi

Former instructor at a preparatory school. Loves hot springs and holds a hot spring sommelier qualification; a professional FX trader. Using the method known as “Close Price Trading,” he has nurtured many excellent traders, and his online study sessions attract many participants from all over the country, from the elderly to the young. His chart analysis method that emphasizes the “close price” is popular among part-time traders as a trading approach that does not require concentrating on the market 24 hours a day.

Blog:From 100,000 yen to a great comeback! FX Trader Iidatchi BLOG

Twitter:https://twitter.com/iidatchi

※This article is a reprint/re-edition of an article from FX攻略.com, February 2021 issue. Please note that the market information written in the text may differ from the current market.

Innovate the Use of Moving Averages

Hello, this is Dr. Iidatchi. Last time, I explained that reflecting the short-term line of the daily moving average (SMA)【6】 onto the 1-hour chart corresponds to EMA【144】. Since candlesticks tend to follow the short-term line when a trend continues, using the EMA144 and EMA169 on the 1-hour chart’s Vega tunnel for buying on dips/selling on rallies is effective.

And this time, I would like to explain another way to utilize moving averages (MA) by devising further techniques.