Homma munehisa biography of martin
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Sokyu Munehisa Homma - the all-time trader - Part II
Theory of "Three Levels of Fluctuation"
This theory is very similar to Goodman's wave theory. In this theory, we draw our attention to the fact that the price never moves directly up or down. It tells us that for each market, the price moves in ten stages, where it alternately rises and then falls.
Note the levels this theory is talking about - 1/2 and 1/3. We will talk about these levels in the section describing advanced analysis candlestick charts. Regardless of whether the price is in an upward or downward trend, the moves occur in three levels.
Be sure to read:Sokyu (Munehisa) Homma - the all-time trader - Part I.
The theory of three levels of fluctuation is a Japanese theory, related to group movement and price behavior during the formation of ten elements, the difference in speed in the upper and lower trend and limited reaction. There are many unpredictable situations or circumstances that can distort or complicate our formation - bad or perfect economic reports, stock market crash, etc.
We need to adapt to the coming reality by analyzing many formation shapes and use only those that are most likely to succeed. This is what the candle charts are for. My task is not to predict the exact tops and holes, b
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Sokyu (Munehisa) Homma - the trader of all time
Candlesticks - the name probably sounds very strange to a layman, but to a trader it means a lot of market information. Candlestick charts have a dose of mysticism, mystery or at least secret tactics. Candlestick charts came to us from distant Japan, where for over 250 years they have marked the path of success for many Japanese traders.
Munehisa Homma
The most famous Japanese trader was and still is Sokyu (Munehisa) Homma (1716-1803). He was born as Kosaku Kato and was adopted by the Homma family. The difference in translations is due to the difference in Japanese dialects. In the following I will use Munehis Homm, just like Steve Nison uses.
Homma is known for earning the equivalent of around $ 10 billion today. No wonder he was called the God of the market - Dewa no Tengu. Mystical God over gods. They even wrote a song about him:
"When the sun shines in Sakata (city of Homma), the sky is overcast in Dojima (rice market in Osaka), and it is raining in Kuramae (market in Edo), and no one can be like Homma ...".
What did that mean? When the rice harvest is large in Sakata, the price decreases at the Dojima stock exchange and there is a price crash in Edo.
Homma was well known for his profits with over 100 more po
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What's Inside...
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