I don't watch the news; only the price movement is the truth

In order for a rebound to occur, a low must be formed.

The point with the blue circle is the low. For the definition of the low, please refer to past articles.

If you were holding a short position from above, you can consider maintaining it until a low appears.

Because without forming a low, it cannot reverse.

The line is moving neatly, isn’t it?

You can trade without watching the news!

Even with good-material news, you never know whether the market will rise or fall.

If the market moves on news, and it rises, the chart will inevitably move upward, so if you watch the chart you can understand this.

On Sunday, I draw the weekly scenario.

No matter what news comes that week, I will not redraw the scenario.

Some people issue scenarios in paid notes, and they say the scenario changes immediately due to news, and buyers protested against the note seller.

However, the note seller would say like this:

“If there is news, it’s natural that the scenario changes.”

There are various kinds of scenarios. If it’s a speculative scenario, it may change frequently.

My scenario does not get affected by the news at all.

It’s a 1-minute chart, but the price movement structure is the same. On both short-term and long-term charts.

Usually I don’t draw a scenario on the 1-minute chart or trade based on it, but this shows that it can be done.

At the red-arrow area. It’s a buy scenario near the green line, but I bought before the low was formed. This is after taking profit on the chart as well.

Before the candle completed, I watched for a rebound and aimed for the pink line above, but momentum faded and I took profit.

The take-profit happened even though the candle had not completed at all.

The 1-minute chart requires quite rapid judgments.

After taking profit, it went down. I managed to get away well. It may look like a small range, but I captured about 20 pips.

There are also judgments made by watching the behavior before the candle completes, so it is incredibly exhausting.

Because it is very tiring, I basically do not do it.