Homma munehisa biography template

He notes that recognizing this can enable one to take a position against the market: "when all are bearish, there is cause for prices to rise" and vice versa. He describes the rotation of Yang a bull market , and Yin a bear market and claims that within each type of market is an instance of the other type. His trading strategies proved so effective that he once achieved an astounding consecutive successful transactions.

Homma's influence in the rice trading market was profound. His meticulous study of historical price data revealed the critical role of market psychology in driving price movements. He observed the influence of emotions on traders and developed a method to display four key prices simultaneously: open, high, low, and close. This innovation, known as candlestick charts, has become a fundamental tool in technical analysis.

Homma's exploration of market psychology led him to identify the concepts of "bull" and "bear" markets, as well as common price patterns. He believed that understanding these dynamics was crucial for success in financial markets. The merchants cursed their intelligence sources and poured scorn on their news providers. Their horses were too slow; the riders were lazy, they deserved a good kicking; the only explanation must be that Homma had better intelligence.

He must have a courier pigeon service to know these things. Now the merchants would be forced to buy their new rice from Homma and he was sure to ask a heavy price. As the sun rose on the fourth day Homma sat in his warehouse with his beloved sheets of rice paper covered with the strange symbols. Local men had worked through the night to store the huge supply of new rice bales in his warehouses.

Additional warehouses were being leased to accommodate the rice bales still to arrive from the local farms. Warehouse space in Osaka this year was cheap as the rice crop would be limited to local supplies. In an hour the rice merchants of Osaka would be at his door desperate now to buy some of the new season rice that they had so mistakenly refused in the past three days.

All of those strange patterns that Homma laboriously drew on his parchment every morning, day after day and year after year, were not just pretty patterns, they were symbols that recorded the previous days and weeks of rice prices and they were drawn in a very specific way. In four days Homma had become the prince of rice traders. His candlestick charts reflected everything that was known about price; the open, high, low and close.

The relationship of the close to the opening price would determine whether the candlestick was hollow price moved up from the open to the close , or filled usually black or red. Each had a specific meaning to Homma. His trading activity in the rice market makes Gann look positively ordinary. He was considered the god of markets. In due course he became a prominent financial adviser to the Government of the day and was raised to the rank of Samurai!

No greater honour could be bestowed on a Japanese citizen. Merchants graded rice and negotiated their fair market value. After a debasing of the Japanese currency, rice became the preferred currency. A Daimyo in need of money could send his surplus rice to Osaka, get a warehouse receipt, and sell it at a greater profit. Selling harvests and mortgaging future crops became commonplace.

Rice coupon trading became so prominent that in , , rice bales were freely traded while only 30, bales existed in all of Japan. With years of trading knowledge and tradition, combined with a diligent work ethic and keen intelligence, it is not surprising that trading of financial markets is so popular in Japan. Today Forex trading is the in thing.

The new generation of traders are motivated, educated and have the traditional Japanese courage and acceptance of risk. The point of the TV show was that the huge predominance of this new generation of traders are women! Many trading systems try to create that edge. Most of them to one degree or another build on established market lore or innovate with technology.

Homma made his great discovery of candlesticks by observing markets and the seasonal patterns of the rice trade for years if not decades. His research was meticulous and he had years of rice growing history to observe. His work was new, unique and meticulous. His edge lead to huge success, fame, fortune, honours and recognition by his nation.

Homma munehisa biography template

The Danielcode is a series of sequential numbers created from the writings in the Book of Daniel in about BC. The Danielcode is equally effective on long term charts and short term charts. IF we get the reversal it will also have ramifications for global equity markets. The Danielcode report and charts proved prescient as the following charts show what happened starting the very next day:.

Forex markets on which the Danielcode was operating at the time had a heart attack. You can read the full text of this historic alert and see all of the operative Forex charts complete with their Daniel numbers at the Danielcode website archives. Would you have benefited by knowing in advance the high probability of these dramatic market moves occurring?

Clients of the Danielcode knew and adjusted their hedging strategy accordingly. The very few private traders who knew had the trade of a lifetime! Global equity markets indeed saw some ramifications as the Nikkei plunged points. If you want to have a trading edge like Munehisa Homma, I invite you to go to the Danielcode website and read the archives and other information.

The Lazy Trader. Retrieved Authority control databases. Categories : births deaths Japanese stock traders Japanese investors Rice merchants Japanese merchants. Hidden categories: Articles with short description Short description is different from Wikidata Articles containing Japanese-language text Articles with hCards. Toggle the table of contents.

Honma Munehisa.