There is a great distance between understanding and doing; there is no easy money without effort.
I entered a Euro-Dollar buy by entry. It was in the scenario section.
It bounced neatly off the green line. On the 15-minute chart, it formed a cruciform reversal.
That’s all.
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This is a portion of what I explained last week on the FX members blog.
I had posted a scenario in advance to buy near the green line.
It fell to the green line and bounced, so buy; confirm a low was formed and buy.
If you could have known that in advance, wouldn’t it seem doable?
In actual price movement, a very clean pattern formed near the green line.
It rebounded exactly cleanly.
Even though it’s a very simple thing—buy after confirming a rebound at the green line—actually executing the entry isn’t something just anyone can do.
I bought, took a 5-minute chart screenshot, switched to the 15-minute chart to screenshot again, and tweeted, “entered with a 4-pip stop,” and I kept a pretty busy pace.
Also, since I might use higher-timeframe explanations later, I’ve been taking screenshots.
Even if you skip the unnecessary steps above and focus only on the entry, it’s not easy to do.
Written here ⇒Learn the math formulas and solve them. It’s something anyone can do.
Drawing a scenario is possible once you learn how to draw it or the template. This is the knowledge section.
Recently on the members blog, I posed a scenario problem, and everyone solved it.
Next comes actually entering, which is the practical section.
Knowing it alone isn’t enough.
Becoming able to do it takes time.
In Cis’s book, there was a similar discussion.
“People say my method for winning in stocks is very simple.
Compared to other individual investors, I’m not doing something particularly difficult.
Rather, I think it’s easy. But because it’s simple, you have to grasp the core yourself.
Andthere is a big gap between understanding and execution.You understand, but you can’t do it.”
That’s all.
I’m told I’m simple quite often, too. But it’s not easy.
Today in the consulting session, I had the trade journal checked by the person themselves.
When you look at that, everyone knows what should have been done.
They were able to critique it themselves.
There is knowledge. I teach it, and the knowledge is written in the members blog.
It’s a state of “I understand, but I can’t do it.”
There is a big distance, so the rest is about building practical ability.
This requires repeated practice.