Look at the trees, miss the forest
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Good morning, everyone.
Yesterday's USD/JPY moved with little price action, but I think the breakout trade on the 1-minute “Echotrend” line was good.
I believe Breakout & Scalp is an effective way to capture near-term profits.
USD/JPY Daily Chart and 4-Hour Chart
This is a chart drawn with the 1-hour Echotrend line, so there are a lot of horizontal lines; sorry about that.
But by looking at those multiple lines, you can see points like, on a daily chart, could this be the level here?
That is, you can identify such points.
In the end, when the chart expands, it’s at those points.
This morning I posted the daily chart first so that Echotrend users could confirm what the Echotrend chart looks like at the daily level, then have it broken down into 1 hour and 1 minute, and then verify what can be understood from that and how to incorporate the results into position taking.
Things I want you to confirm
That by expanding volume, major prices break and the chart moves.
The relationship between recent highs and lows and volume
Definition of trend
After a trend, there is a range, large or small, like a yellow □ zone
Keep these in mind and confirm the 1-hour chart as an Echotrend chart.
Then it becomes easier to predict reversal points.
If you understand that, from the 1-minute Echotrend chart’s buy/sell reversal point, chase volume and take a position at the perfect timing.
Whether it’s a breakout or a pullback & retracement.
The big flow concentrates into these kinds of movements, but the method itself is
"Look at the trees, not the forest"
There are times when this is not good, so I’d like to have a bit of leeway to step back and review the chart.
All Echotrend users can understand more easily by confirming on the Echotrend chart than reading this text.
Looking at the trees, not the forest
It’s not just focusing on small parts; look at broader portions
That said, position taking is about the trees, so you’ll monitor the chart flexibly and multi-dimensionally.
Thank you for your continued support today as well.
In short, for traders who desperately want to succeed in trading or make a living from trading, here is my recommended product, a trading technique that you can learn on your own: this is it ↓
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