Rules with clear criteria, non-discretionary logic
I am a Candlestick FX Trader.
Recently,“Tento FX Logic”received this kind of review.
“Tento FX Logic”uses only candlesticks, truly and honestly,
and entries, stop losses, and take profits are all clearly defined,
making it a logic that requires no discretion at all.
I insist that every logic be “discretion-free.”
The reason is that I personally lack discretionary ability, but (sweat),
discretion is honestly extremely difficult.
The word discretion is often used to mean a decision-making method based on years of experience,
but in that case one must first observe the market for many years.
At that point, for a beginner, it becomes impossible to win quickly.
Furthermore, the market is always changing,
so even if you study for a long time with great effort,
when the market changes,
the techniques and discretion you have accumulated become useless.
This also happens in companies.
There are veteran employees with many years of service,
and their skills and techniques may still be valid in modern society,
but as times change, they may become unusable,
which is a natural occurrence.
However, veteran employees often have strong pride,
and it becomes difficult for them to change to methods suitable for modern society.
Not long ago, seniority-based pay meant that,
compared to new hires,
those with longer tenure earned higher salaries,
but recently, in many companies, if someone is skilled,
new hires may even earn more.
This phenomenon is occurring in various companies.
And those who have outdated, unusable skills and cannot adapt have become, unfortunately, burdens to the company.
The same thing happens in the world of markets.
In recent stock markets,
prices tend to rebound quickly after declines,
and regardless of downward moves, buying often comes in,
and soon prices reach new highs.
However, for generations who experienced the Lehman Shock,
they have learned that prices do not immediately recover after a steep fall,
so they cannot easily buy outright.
As a result, they hesitate to buy at downticks,
and in fact, younger generations who have recently entered the markets
often perform better than veteran investors.
If you do not adapt to these changes,
you will not be able to achieve performance.
And discretion itself,
even if you have observed many markets,
when the market changes, the hard-won skills may lose their usefulness,
and discretion often stops working.
What’s more troublesome is that
most people do not even realize that their discretion is not working in the current market.
This is the difficulty of discretionary trading.
Therefore, constantly researching the market,
and changing strategies as the market changes,
and responding flexibly is necessary; otherwise, you cannot win with discretionary trading.
For beginners or those who work part-time,
taking on discretionary trading is quite difficult.
So what about letting EA run passively?
EA is, after all, built by curve-fitting past market data to a certain extent.
Therefore, if the market changes, it will of course become unusable.
People often say EAs have an expiration date, which is the reason.
Also with signal tools,
they output arrows by combining indicators.
Indicators merely reflect past price movements in an understandable way.
So even if you base decisions on arrows,
they cannot predict the future.
What you should look at is not the “past,” but the “present.”
To be more precise, not the “future,” but the “present.”
Therefore, I do not even try to forecast.
I only look at what is happening now.
Prices are formed by the difference between those who want to buy and those who want to sell.
The past price path is irrelevant.
The market is non-linear.
No matter how much it has risen in the past,
for example, if President Trump makes a statement,
there is a significant chance of a sudden downtrend.
Not only Trump’s statements,
but various events can change the flow, and the market forms accordingly.
Therefore, look at the larger time frame and
trade in the same direction as the flow,
often referred to as multi-time-frame analysis,
which may seem to have an edge, but it has no edge at all.
No matter how the larger time frame looks,
no matter how price movement has been,
the price is determined by the current moment’s supply and demand,
the difference between buyers and sellers at this instant.
This is everything.
Price decision is formed by this.
And furthermore, I do not forecast who will be more in the future, buyers or sellers.
Forecasts are bound to be wrong.
More than that, no one knows what will happen a few minutes from now.
So rather than predicting,
I only look at the present state.
Which is more, buyers or sellers right now?
That is all.
This determines the price.
I do not look at the “past” or the “future.”
I look only at the “present.”
However, many people try to look at the “past” or the “future.”
And they spend enormous time on this, ignoring actual supply and demand in trading.
What matters is “the present.”
And this mechanism of price formation will not change in any future market.
And what makes it possible to judge this with no discretion is
“Tento FX Logic”.
So, let’s actually see what kind of trades it produces.
In about two hours, roughly+200 pipsin profit.
Currently it is Golden Week, and the market is somewhat directionless.
It seems more like a market not suited for trading.
It has become range-bound, and
in such market conditions, most logic in the world
won’t easily yield wins.
However,“Tento FX Logic”trades by always watching supply and demand,
so the concepts of trend or range are completely unnecessary,
it simply follows the market.
Therefore, even in such market conditions, you can see that it is still profitable.
When the market moves strongly, you can gain even more than in the charts above.
And all trades in the above chart arediscretion-free,
and anyone can achieve similar profits.
Indeed, a“mechanical”way of trading.
Thus, discretion is unnecessary, and you can trade under clear rules, so beginners and anyone can start aiming for profits right away.
And this“Tento FX Logic”seems to have been received more positively than expected,
and I recently gave an interview.
Here I spoke openly about my painful past and how this logic was developed.
Some parts are a bit embarrassing,
so it may be removed in the future,
if you want to see it, please check it out soon.
Too embarrassing to be shared