#adigitalblogger #technicalindicators #intraday
Goichi Hosoda:

Japan 1929: Goichi Hosoda worked as a financial journalist in 1924, for Miyako Shimbun newspaper, covering the ups and downs of the Japanese rice market during the great depression era.

Being Japanese, he knew the intrinsic value of rice. And Being a journalist, he had researched all the known indicators of the time. But there was something that he knew the world was missing, something that is right there in the various indicators and yet is a secret to all.

During the days, Goichi Hosoda started to play with different mathematical formulas. And at night he dreamt of capturing the essence of the trends, finding longer-term trend patterns.

Soon he had a brilliant perspective on markets. To him, market prices are human: they are a social product both determining and being determined by human behaviour. Like us individually and collectively, markets are social creatures caught in a dynamic pendulum swinging closer to and then further away from a state of equilibrium.

And this change in equilibrium was what the key to Hosoda's success in becoming one of the greatest experts in trading in Japanese modern history. But before that Hosoda had to struggle a lot to prove that his unique perspective can be applied technically.

In the late 1930s, he gathered a small army of students of mathematics to run endless computations on the everyday prices of the rice market, from past, present and then also future predictions.

Goichi-san and his cadre of human calculators spent over 20 years crunching numbers. by the end, his eyelids were disabled from overuse. Finally, in 1968, Hosoda published his findings: a system he naturally titled Ichimoku Kinko Hyo which in English means, "equilibrium chart at a glance".