Market commentary for marshmallow 0112 ~ who decides the end of the trend is neither you nor me ~
Hello everyone
This is Marshmallow
Since the start of 2021, due to the New Year holidays, I believe there have only been about a week of FX trading days so far.
I myself have achieved a 10% profit rate on swing trading relative to account balance, and 3% profit on short-term day trading.
Regarding trading methods, I simply believe I have done what is needed by thoroughly following the method discussed in the paid section below.
To put it very roughly, I think I am just adhering to trend-following buying and selling with the market’s resistance band as a backstop.
This week, as last week, I expect it to be a very simple week and believe the possibility of a simple week is very high.
I select currencies in which a trend is forming and repeatedly trade in the direction of that trend—it's really just that simple.
A correct trend will eventually end. However, who decides the end of that trend—the market does, not you or me.
Therefore, after a trend has started, I will not buy or sell without any basis; I will repeatedly apply rational profit-taking and stop-lossing.
Today, to trade with a strong angle, I will use clear resistance bands, so please continue to support me today as well.
I will also mention my own position in the swim position. However, I do not recommend mirror trading, so please understand this in advance.
[Conditions]
• Those who have attended for at least 3 months in total
Note: It is okay even if not continuous
• Please contact my official LINE
If there are people who fit the conditions, please contact my official LINE and I will send you a special lecture video on the “Marshmallow Roulette Method” that guarantees win in FX ★absolutely★.
【Marshmallow Official LINE Registration URL】
Market Commentary
➀ Check the trend with candlesticks in a non-discretionary way
Using 4-hour candlesticks, I will allow anyone to determine the trend non-discretively. When analyzing past markets, the likelihood of a candlestick block persisting for more than once is higher than a single reversal, meaning continuation is more probable than reversal. Therefore, once a candlestick block appears, I assume price movement will continue in that direction and determine a trend in that direction.
Therefore, if the candlestick is bullish, it is an uptrend; if bearish, it is a downtrend.
(Top row, from left)
➀ EURUSD Down
➁ GBPUSD Down
③ AUDUSD Down
④ NZDUSD Down
(Bottom row, from left)
⑤ USDJPY Up
⑥ USDCAD Up
⑦ USDCHF Up
⑧ EURGBP Down
➁ Consider trade entries based on resistance lines
Note: My drawn resistance lines may differ slightly; if you want to draw your own resistance lines on your chart, use the DAILY PIVOT as a substitute.
(Left group)
(Right group)
I have displayed resistance lines. If you want to draw your own resistance lines, they may differ slightly from mine, but please substitute with the PIVOT indicator. The PIVOT indicator is free to obtain, so I’d be glad if you display it on your chart. Basically, I intend to enter focusing on the center Pivot line drawn in red.
【How to Find Trade Points】
I display resistance lines because I want to trade using those lines. As a concept, a resistance band is called a resistance line, so it is normal to expect that it will bounce off that line at least once.
If buying, it is desirable that there is no resistance band on the profit-taking side, so take profit just before the resistance band (down). Conversely, set stop-loss outside the resistance band (down) on the other side.
If selling, it is desirable that there is no resistance band on the profit-taking side, so take profit just before the resistance band (up). Conversely, set stop-loss outside the resistance band (up) on the other side.
【Marshmallow Today’s POINT】
As mentioned above, if a trend is forming, I believe there is an advantage to trading in the direction of that trend.
I will say this again and again: the candlestick pattern we use, when looked back at history, is more likely to form two or more blocks in a row than to reverse after one block.
There are cases where blocks line up more than expected; there is no particular rule for how many blocks end a trend. Therefore, instead of predicting artificial trend endings, it is natural to think that a trend continues unless there is a basis to doubt it, so today I will trade according to each candlestick block.
Today, however
➀ EURUSD Down
➁ GBPUSD Down
③ AUDUSD Down
④ NZDUSD Down
⑤ USDJPY Up
⑥ USDCAD Up
⑦ USDCHF Up
For all of the above currencies, I plan to pull prices toward the red-line resistance and then enter in the trend direction. However, rather than entering all seven currencies, I will choose 2 or 3 from them, and ending the day with two wins and one loss would be a great success.
If there is anything today, please feel free to ask me even about small things. Thank you and I look forward to your continued support.
【Note】
This message (including the video) is for information purposes and is not intended to promote investment decisions. It expresses personal opinions and is not definitive. Also, it does not promote investment activities, so please make your own final judgment.
We are not responsible for any damages arising from this information.
In addition, we do not have an obligation to correct or notify about any changes in opinions or numerical errors, so please understand.Thank you.
