Why do we become cautious in scenes where there is a wall ahead? The approach to identifying “stopping points” in Prime ACE.
Good morning.
I am the developer and trader A of the "Prime ACE Strategy."
In the articles so far,
the discretionary aspect of Prime ACE is not about doing everything from the outset,
but about starting with avoiding entries first.
Based on that,
we have considered whether we are going against the flow.
Are we breaking the rise and fall of highs and lows?
Further, are we chasing after something that has already extended quite a bit?
We have organized such views.
This time, as a continuation,
I would like to write about why one should be cautious in scenes where there is a wall in front
.
The arrows of Prime ACE appear on the basis of confirmed non-repaint bars.
Therefore, there is no need to continue worrying about things that may disappear later.
However, the appearance of an arrow and how far that scene can extend are not the same thing.
What becomes important here is
whether there is a place where it tends to stop beforehand
.
For example, even if a buy arrow appears,
there is a recent high just above it.
Or a horizontal line that has blocked multiple times nearby.
There is a round-number price right in front of you.
In such scenes, even if the direction is correct, it may not extend smoothly.
In other words,
not only whether it is in line with the flow,
but also whether there is enough room ahead to move forward
is important.
I believe this is a very important part of Prime ACE’s discretion.
What makes trading hard is
when you enter by only looking at the direction.
Indeed, in a rising trend, a buy arrow may seem reasonable as a concept.
But if there is a clear high just above it,
it tends to stop soon after entering.
Similarly, for a sell arrow,
if there is a low support just below,
it may not fall as smoothly as you think.
What I want to say here is not that walls make it absolutely bad.
However, in scenes where a wall is close,
at least
the potential range you can take on becomes smaller relative to the risk
.
This sense is very important.
It is aligned with the flow.
The highs and lows flow is not bad.
It is not jumping on board.
That much is fine.
But if there is a place that stops immediately in front of you,
I would like to view that scene with a bit more caution.
Just by adding this one step,
the way the arrows appear changes quite a bit.
The things that are easy to see as walls are
first the most recent high and low.
This is a place many people pay attention to,
and it is a place that tends to actually react.
Next is horizontal lines.
Price levels where it has been stopped several times
are also easily conscious.
When looking at the chart,
you feel, “It has stopped here before.”
That feeling makes it a solid wall candidate.
And round numbers.
For example, 150.00, 2000.00, such clean numeric milestones.
These places also tend to stop more easily than you might think.
When people think of the discretion of Prime ACE,
some may feel that a lot of complex analysis is required.
But in reality,
once you have organized to this point, it becomes quite simple.
Are we not going against the flow?
Are highs and lows not breaking the flow?
Has it extended quite a bit?
And is there no wall in front?
This level is enough for now.
I believe Prime ACE is
not just a tool to chase arrows,
but a tool that makes it easier to choose the more favorable scenes from among the candidates
.
That is why,
not only looking at the arrows themselves,
but looking at what is in front of them has meaning.
Conversely, in scenes where there are few prominent walls ahead,
even the same arrows become easier to interpret.
When you can distinguish this difference,
Prime ACE arrows become
“things to take because they appeared”
instead of
a material to consider how far they can extend
.
Prime ACE first looks for the main battleground on a panel.
Next, it looks at the arrows as candidates.
Then, discretion narrows it down to an even more favorable situation.
This flow is why it is not just a sign tool but a device that helps organize one's trading approach.
This time,
the theme is why you should be cautious in scenes where there is a wall in front
,
and we have整理 meaning for the recent highs/lows, horizontal lines, and round numbers.
Not only the flow but also whether there is a place where it is easy to stop ahead becomes visible,
and I believe the way Prime ACE arrows appear will change further.
If you are interested, please also take a look at the product page.
▼ product page
“Prime ACE Strategy”
https://www.gogojungle.co.jp/tools/indicators/77315?via=users