Forex day traders tend to focus on 5 minute bars and tend to focus more acutely on session cuts and news releases for market trend amplifications and confirmations and reversals.
Here are two FX charts on a recent EUR/USD trading session.
Chart 1 - In the space of 3hrs and 10 minutes how many trade opportunities could you spot?
Chart 2 - In the chart below what is the vital link between the green colored candles A and B?
I shall give the answers in the coming weekend. The two answers form part of the critical thinking framework that composes a day trader's trading judgements.
Trading is a skill that we are not born with but is learned.
Legal Disclaimer -
http://pachinkotrader.blogspot.com// and any website and social media
associated with this blog and Bruno Bernard bears no responsibility for
the trading actions of its readers. Trading foreign exchange on margin carries a high level of risk, and may
not be suitable for all investors. Past performance is not indicative
of future results. Please read in full - http://pachinkotrader.blogspot.com/p/disclaimer.html
Forex trading currency markets Pachinko trades Japanese candlestick charts for profitable FX money income trade. Learn the fast buy/sell techniques with spot market positions
Tuesday, August 30, 2016
Monday, August 29, 2016
CIS The Black Hole Trader
He is an enigma. His name is CIS.
Nobody knows him and he does not want to know
anybody. He is the force that lurks in the shadows like an ominous black hole in space. you cannot see him but you know that he is there. He does not show off. You can pass him by on the streets and never even notice him.
About him we only know three things:
1. He transformed himself from an all night Tokyo video gamer to one of the most powerful individual traders on the planet.
2. He moves markets with his hallmark contrarian style approach.
3. He paid taxes on over ¥6 trillion for the last accounting year earned over trading equities on the Tōshō 東証 and FX products.
Whether it is Seoul, or Tokyo or Hong Kong, perhaps children seek the game arcades as an escape from the rigorous demands of parents and a strict rote-type learning system that is forces upon children from a young age.
Countless times I also sought refuge of the gaming arcades. Rain, snow, bitter cold, oblivious to the conditions, I welcomed the arcade to walk among the throngs of gamers with a cup of Ramen, ラーメン in my hand.
The practice very hard. In the world of role play the hero could die of slay an opponent in a split second with the lightning speed reaction of the fingers. Hardcore games develop incredible speed reflexes and visual anticipation. These are indeed the type of qualities hat would befit a day trader in the currency markets.
CIS is a contrarian swing trader that can throw 50 million Dollars in your face and not blink an eye. Many institutional bank traders have baulked in the face of his tsunami threats for he has become a master of psychology in understanding when to enter his trades when the bank traders are flat out of ideas and inspiration behind the day's prices.
How did he get to where he is now and more importantly what skills enabled him to become such an enormous trader?
Before I go through his trading techniques I want my readers to understand that no individual has any extraordinary gift for trading. The principles of trading are a set of skills that will help you to succeed. They can be learned as much as a child learns to ride a bicycle. But it takes time and considerable practice. it may sound incredible that a Tokyo video gamer has recently become a giant in the world of trading. When I recall the days I spent myself in the arcades, I don't think it's surprising at all.
Legal Disclaimer -
http://pachinkotrader.blogspot.com// and any website and social media associated with this blog and Bruno Bernard bears no responsibility for the trading actions of its readers. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. Please read in full - http://pachinkotrader.blogspot.com/p/disclaimer.html
Nobody knows him and he does not want to know
anybody. He is the force that lurks in the shadows like an ominous black hole in space. you cannot see him but you know that he is there. He does not show off. You can pass him by on the streets and never even notice him.
About him we only know three things:
1. He transformed himself from an all night Tokyo video gamer to one of the most powerful individual traders on the planet.
2. He moves markets with his hallmark contrarian style approach.
3. He paid taxes on over ¥6 trillion for the last accounting year earned over trading equities on the Tōshō 東証 and FX products.
Whether it is Seoul, or Tokyo or Hong Kong, perhaps children seek the game arcades as an escape from the rigorous demands of parents and a strict rote-type learning system that is forces upon children from a young age.
Countless times I also sought refuge of the gaming arcades. Rain, snow, bitter cold, oblivious to the conditions, I welcomed the arcade to walk among the throngs of gamers with a cup of Ramen, ラーメン in my hand.
The practice very hard. In the world of role play the hero could die of slay an opponent in a split second with the lightning speed reaction of the fingers. Hardcore games develop incredible speed reflexes and visual anticipation. These are indeed the type of qualities hat would befit a day trader in the currency markets.
CIS is a contrarian swing trader that can throw 50 million Dollars in your face and not blink an eye. Many institutional bank traders have baulked in the face of his tsunami threats for he has become a master of psychology in understanding when to enter his trades when the bank traders are flat out of ideas and inspiration behind the day's prices.
How did he get to where he is now and more importantly what skills enabled him to become such an enormous trader?
Before I go through his trading techniques I want my readers to understand that no individual has any extraordinary gift for trading. The principles of trading are a set of skills that will help you to succeed. They can be learned as much as a child learns to ride a bicycle. But it takes time and considerable practice. it may sound incredible that a Tokyo video gamer has recently become a giant in the world of trading. When I recall the days I spent myself in the arcades, I don't think it's surprising at all.
Legal Disclaimer -
http://pachinkotrader.blogspot.com// and any website and social media associated with this blog and Bruno Bernard bears no responsibility for the trading actions of its readers. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. Please read in full - http://pachinkotrader.blogspot.com/p/disclaimer.html
Sunday, August 28, 2016
Pachinko FX
Pachinko パチンコ is a Japanese arcade game very popular among young adults. It was first played in Japan in the 1920's as a pin ball game where the metal balls would fall vertically through obstacles to reach the bottom of the tray. The player can win more balls by hitting certain slots. The objective is to stay as long as possible in the game to win a jackpot payout.
Pachinko requires a great deal of patience and skill to reach the jackpot. It is the same skills and mindset that completes the modern FX trader.
In the following articles I'm going to take you into the techniques of day traders and how an extraordinary new, young group of traders are taking the trading world by storm and trading the world financial markets in their legions and defying all the odds and the traditional banking world.
Legal Disclaimer -
http://pachinkotrader.blogspot.com// and any website and social media associated with this blog and Bruno Bernard bears no responsibility for the trading actions of its readers. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. Please read in full - http://pachinkotrader.blogspot.com/p/disclaimer.html
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