【Methodology Logic】What can be logical is the direction after a few hours?? The direction after a few minutes?? The copy of the copy
【Method Logic】What can be logically formed is direction after a few hours?? Direction after a few minutes??
Predict the direction after a few hours. Predict the direction after a few minutes.
Which is more difficult?
●What will it be in a few minutes?
From my own conclusion, this one is advantageous
The time I can be confident that I have the edge is only a few minutes at most
In other words, if it’s a few minutes, it’s easier to find an edge or a direction with momentum
Will it rise in a few hours?
Will it rise in 2–3 minutes?
If you use the current “momentum,” whether it will rise in 2–3 minutes
Judged by indicators
Seeing the current “momentum” is something you can do precisely because you’re trading on a 1-minute chart
Even just from that, don’t you think it’s advantageous?
I learned this from my mentor, and it was eye-opening
My mentor’s method and my method’s core logic
●What will happen in a few hours?
This is far too difficult
There are methods to gauge direction with chart patterns, line trades, Elliott waves, etc., but
Of course, there are logically sound aspects
But truly hard to judge
■ The reality that many profitable traders are scalpers
For FX traders who succeed, the share of trading styles cannot be precisely stated, but in practice, there are many scalpers
(Stock investments are a different story)
As explained above
The time you have an edge is only a few minutes at most
Also, a certain securities firm stated in a magazine interview
That securities firm
“Overwhelmingly, the traders who actually make money are scalpers”
A bit more explanation
■ Moves over a few hours
To analyze, you need skills to understand the trend direction, Elliott waves, or even fundamental flows
The material to analyze is quite complex, and interpretations vary by person, making it difficult
If you have amazing analytical ability, you might ride the direction and manage stops to overall profit, but that’s probably in the realm of a genius
Also, the number of trades becomes quite low
What can be understood from trends and Elliott waves is analysis on the scale of hours, and
If you intend to trade in line with that, how many trades would you make?
It takes quite a bit of practice to accumulate
■ Movement in a few minutes
The material to analyze is “momentum”
Regardless of chart patterns or medium-or-long-term trends,
For example, even on a 15-minute range,
on a 1-minute chart you can often see momentum move quickly
There are short pips, but there are times when there is momentum that makes it easy to judge the move
Momentum appears several times a day (some days it may not appear)
The logic can use indicators to identify places with momentum
Also, momentum on the minute scale can occur several times a day,
So the number of trades increases,
Because you can verify the logic daily,
Looking at a week’s worth of charts alone provides substantial validation
Also, in verification, since it’s determined by indicators, you cannot lie
Unlike complex chart analyses where interpretations vary by person,
Entries should be made only where momentum is present
There is no element of unique chart interpretation
Will it rise in a few hours?
Will it rise in 2–3 minutes?
Which difference is easier to understand, the latter, right?
By the way, as a side note,
In post-hoc chart explanations, when chart patterns return to lines and bounce to entry, or Elliott waves,
Even people who aren’t winning in trading can explain it that convincingly
Chart patterns and line trades can be interpreted conveniently, showing only the good parts
Depending on interpretation, that can explain things
So, is it difficult to explain the momentum of a few minutes?
Momentum in a few minutes comes up many times,
If the logic is lying, it will be exposed quickly,
Conversely, if you have a logic that can properly judge “momentum,”
with a little testing you will know
Backtesting is not on vague things like chart patterns or line trades, but on indicators’ logic, and it clearly yields results
This is also an important point
★★Supplementary PDF to clarify the settlement method added (4/16)★★
What is the publicly available “New Life FX Method”
Aim for 1 day +10 pips to reach 1 million yen per month (trading 2–5 hours per day)
Pro trader’s 1-minute FX method explained with smartphone chart images
Two methods of professional traders (mentor) combined for the best parts,
・Added logic that clearly defines entry points!
・Added explanations to clarify settlement methods
■ Thinking of overseas pro traders (legendary investors Buffett and Soros)
Trade not to “win” but to “make money”
Trade only with the expected value of “going long at places with a high probability of rising”
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