Why did I start only looking at the “closing price”?
In the old days,
I used to watch all the candlesticks.
The length of the wicks
A momentary bounce
Movements that seemed to revert
Shapes that looked like a rebound
All of those
I considered them as “information.”
But the result was the same.
Wicks add to the judgments
When you look at the wicks, thoughts inevitably arise.
- Maybe it just briefly broke
- It can be said that it is holding here
- There is also a possibility of a rebound
At this point,
there is room for judgment to intrude.
When judgment intrudes,
emotions enter.
When emotions enter,
the way you end things becomes distorted.
When you only look at the close, you wonder what has changed
From some point onward,
I narrowed what I looked at to one thing.
Only the close.
- Only the confirmed facts
- Only the result of that period
I cut off all wicks.
At first I was anxious.
“Is it okay if it briefly broke?
“Should I get out quickly?”
But,
when I looked only at the close, I understood.
The close does not allow for excuses
The close is cruel.
- If it didn’t break, it didn’t break
- If it did break, it broke
There, the word
“might be” does not exist.
Therefore
there is no room for judgment.
Reason I look only at the confirmed close
Looking at the interim bars creates
- expectation
- fear
- the urge to touch it
When you look only at the confirmed close,
- only the facts remain
- only the processing remains
Trades are
separated from emotions.
Reason I discarded the wicks
Wicks are not bad.
They have meaning as market signals.
But
they were not suited for a structure that eliminates judgment.
From looking at the wicks,
people begin to overthink.
By the moment you think,
the structure has already collapsed.
What I fixed was only the viewpoint
I did not fix the numbers.
I did not fix the range of values.
What I fixed was,
the only thing I fix is **“what you look at.”**
- The close
- The confirmed close
- Whether it broke or did not break
That’s all.
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Next episode preview (Episode 26)
When you combine this perspective,
you can see a single “structure of how to end things.”
That is not a mechanism to win.
It is a design to prevent breaking down.
End-price-ism is not to make things easier
It’s commonly misunderstood, though.
Looking only at the close is
not to take it easy.
It is to eliminate judgment.
This is the most important part.
