[Free!] My own rules and 2023 The shining one is gold
Nice to meet you.
I am the leader of the Money Master clan.
I have been facing the FX market for nearly 10 years.
Without beginner's luck, I just daily watched my funds dwindle.
It was quite painful.
A lot of the various methods and EAs that flood the internet
have you tried them all?
Even so, I couldn't win..
But when you realize that as a human you don't give up and keep the passion burning.
In the beginning I didn't keep a trading journal,
but as I recorded it, thinking I had been deceived,
I began to understand which trades were profitable
and which trades caused me to be stopped out.
【Strategies and Chart Patterns】
There, I will introduce the trading methods and chart patterns that are currently profitable.
I haven't done anything special.
Basically,
Double Top (Triple Top)
Double Bottom (Triple Bottom)
Head and Shoulders,Inverse Head and Shoulders
Channels,Pennants,Flags
It feels like all the common chart patterns.
However, one thing to be careful about
is not to enter blindly just because a pattern appears;
Where is this pattern forming?
This is important.
In fact, if you do not understand this,
it will be difficult to continuously profit.
It's basic, but it's all there is.
In reality I look at the market directions and currency strength in more detail,
but the basis for entries and exits are only the eight items above.
“The chart pattern appeared but it moved against me.”
“I'm uneasy about the chart pattern shape…”
In addition,
“The 4-hour is in a downtrend, but the 15-minute is up and direction is unclear…”
haven't you had such experiences?
I have.
On one hand in an uptrend,
on the other in a downtrend.
There were times of confusion like this and I grappled a lot.
And I made the market more complex and got even more confused.
I will also explain that.
If complex analysis doesn't increase profits,
it's better to simplify as much as possible.
I have never been taught by anyone,
so I have always studied alone, thinking and struggling until my mind broke…
From an outsider's perspective it may seem like a detour, but
it took time, but I feel I gained a lot of experience.
Also,Serialized articleswill summarize the week and outline the next week's scenario on weekends,
and I will perform chart analysis while incorporating other areas I monitor.
For example, U.S. Treasuries, DXY, stock indices, options positions, Chicago futures net position,
and other market movements that affect price action will also be looked at.
The main currencies I analyze are,
・Dollar cross pairs
・Precious metals
・Cross yen pairs
These three types are the main focus.
In particular, the XAUUSD market has shone especially since 2023
and I forecast it will become the market leader.
Depending on the market at the time,
I also trade Oceania currencies, EURAUD, GBPAUD, etc., but basically
・Dollar crosses
・Precious metals
・Cross yen
are the analyses.
I hope this can serve as a trigger for a breakthrough.
As explaining while looking at chart images is the fastest,
I will introduce the current market from the next article onward.
I hope that at least one person among a thousand gets a spark and breaks through,
and I will continue to write,
so I appreciate your kind support.