Takashi Kirakira FXtrader Special Article (Culture Day) (Fri 12/11) Retrospective Commentary

Don't make forecasts; analyze the current situation.

Look at the current facts; act based on the facts.

◎ Bet on the trend → Bet on the direction the trend is likely to continue.

Trend-following is the fundamental principle.

In an uptrend, enter buy positions.

If the trend continues, you'll profit.

If an uptrend (downtrend) is broken, or the trend changes, it triggers a stop loss.

If there is anything you don't understand in the article or video, please feel free to ask.

If anything is unclear or inadequately explained, we will provide additional explanations.

Record it in your study notes and review it repeatedly many times.

"You can't absorb everything from just one viewing"—repeated review is essential.

For first-time readers, start here: Selected past articles

Summary of what I focus on

Box (layer) – The essence of the market: the market and price revolution

Support lines, resistance lines

Roll reversal

Pullback low, retracement high

Rationale for stop-loss

2019-12-23 Retrospective Trade Analysis

https://www.youtube.com/watch?v=pS83BwxxUgc

Chart patterns

Double top

Double bottom

Head and shoulders

Neckline

Candlesticks

Long lower wick; buying pressure is strong

Long upper wick; selling pressure is strong

Moving averages

Simple moving average 21 periods (MA21)

The trend is a friend (go with the trend)