【Gold5-minute Scalping】★ Ride the Break and Profit Smartly ★ ~ The Method to Continue Winning with the Conventional Path ~
FX doesn’t always allow you to enter and win, so it’s important to accurately determine the timing of entries.
However, there is no need for complicated technical analysis to keep winning.
All the troublesome parts are automatically handled by tools, so
you should simply attack in a straightforward, rule-based manner.
What I developed『NODE HUNTER』is,
capturing breakout reversals while
entering at the timing when the trend direction is confirmed,making it a very rational entry style.
Also,『NODE HUNTER』 pairs exceptionally well with line trades,'Automatic drawing of trendlines' 'PIVOT'is also included,
so combining it with indicators will raise signal reliability.
Today is Monday at the start of the week,
and I will explain the price ranges you should check at the week's start using'PIVOT'
What are the “important points” to look at on Monday at the start of the week?
Generally, on Monday at the start of the week, price movement tends to be quite subdued across the market, making day trading somewhat unsuitable.
Here, the price bands to check at the start of the week on Monday
◆ Opening price at the start of the week
In particular, the opening price of major currency pairs like the dollar-yen attracts a lot of traders’ attention, so
it’s essential to check it.
Conscious attention ≠ likely rebound
...If you understand it this way, it becomes easier to grasp.
What I created『PIVOT』shows the day’s“opening price”with a vertical line drawn automaticallyso you can immediately identify the day’s opening price.You can immediately spot the day’s “opening price.”
The chart is the USD/JPY 15-minute chart.
Today, there was a large breakout from the opening price in gold.
◆ Gold +7362 pips unrealized
This position had been held across state lines,
and a trailing stop was placed.
Because of this, I reduced the lot size.
What can be judged from the ‘opening price’ of PIVOT?
Basically, whether the current trend is above or below the opening price guides whether you should target a pullback or a continuation, helping judge whether to aim for a dip or a spike.
Of course, there is no 100% guarantee, but
as for the gold trade shown above, since the current price has greatly surpassed the opening price,
it tends to be easier to win by taking a long entry.
After that, I added another long entry,
and at this point I was holding a losing position.
However, since the current price is above the opening price, I’ll stay calm and wait
‘Confirming a trend reversal’ > > ‘Wait for breakout confirmation’
...this isthe classic style, isn’t it?
Also, using indicators in a simple way
helps avoid being pulled into unnecessary concepts and risks.
◆ Trendlines
◆ Breaks
I believe this alone is enough to win.
※ Today’s validation indicator is here