Capture the Big Picture to Grasp the Trend! [FX Planner]

Previously, you learned about the psychology of buyers and sellers, and the market movements they bring. Building on that, this time we will explain the importance of grasping the big trend and the strategies based on it.

【The Essence of Technical Analysis [FX Planner]】
・Episode 1: Grasp the psychology of buyers and sellers
・Episode 2: Grasp the big trend to set your sights
・Episode 3: Establish your own entry criteria
・Episode 4: Possess the ability to judge when you do not understand
・Episode 5: What to do after reaching the target

Second Episode Table of Contents

1. What does it mean to decide your viewpoint?
2. Grasp the current situation
3. Consider the advantages and disadvantages

What does it mean to decide your viewpoint?

In the previous installment, I explained that to start trading, you first need to know which direction the big trend is heading. Grasping the big trend determines your viewpoint. And viewpoint also decides the fundamental strategy for which direction you will aim.

If your daily viewpoint is long, the expectancy of holding long positions becomes higher, whereas even if you enter a short position, you tend to have a passive, short-term exit. So why do these differences occur?