“Can you wait here?” determines your FX winning rate
The line on the chart.
This is not just any line.
It’s a “price range that market participants are aware of”.
Most losing traders
jump on as the candles extend.
But those who win do the opposite.
Wait once.
And,
observe how it reacts at that line.
・The lower wick appeared
・Engulfing (bullish engulfing pattern)
・Higher highs and higher lows
・Pullback after a bounce
These kinds of “price action” confirmations are what you enter on.
That’s why stop losses are shallow,
and you can capture more when it extends.
Conversely, those who lose
say, “It looks like it’s going up!”
“I’m missing out!”
“If I don’t enter now!”
They rush into the resistance zone.
No wonder they get hunted.
In FX,
it’s not about “where to enter,”
but about “how long you can wait.”
That is more important.
Especially in volatile markets like BTC,
just watching the reaction near the line can greatly reduce wasted trades.
In the end, the winners aren’t predicting the future,
they’re
“entering after confirming the reaction.”
Once you shift to this mindset,
trading changes considerably.
By the way, in my教材 (course/material),
・How to draw horizontal lines
・Where to observe the reaction
・Which candlestick to enter on
・Where to place stop losses
・Profit-taking concepts
・Rules to prevent jumping in
It explains this stuff in concrete detail.
If you’ve been entering trades “just because,”
I think you can make substantial improvements.
If you’re interested, go to my profile.