【What method suits you?】 1-minute chart? 5-minute chart? 1-hour chart? Which is better for you?
【What is the method that suits you?】 1-minute chart? 5-minute chart? 1-hour chart? Which one fits best?
Today, because it didn’t move since morning, I wrote an article
USD/JPY, yesterday's European session flow
1-minute and 5-minute charts are in the same time frame
The 5-minute chart seems to be climbing more cleanly
However, the yellow circled part
It's the same section, but on the 1-minute chart it looks quite gradual…
In my personality
I can't wait for this, haha
It feels like it climbs little by little
After about 30 minutes, the peak is reached, and after about an hour it starts to drop
I don't know where to take profits
On the 5-minute chart, if you can catch from bottom to top
The pips from two entry-point arrows on the 1-minute chart would be more than that
But in reality… the doubt at the tops and bottoms…
On the 1-minute chart, there are downward waves too, so even if it goes down, you have to endure on the 5-minute, 10-minute charts
In my case
If I can take profits at a good point before it drops
It reduces mental strain and time
This 5-minute chart happened to rise smoothly, but
there are cases where it would drop at the yellow circle,
Enduring and then it drops…
That thought also crosses my mind, which adds stress
If it runs up, take profits
This is what people mean by “profit-taking is strongest”
Also, it’s often said
“Chicken taking profits is bad”
Indeed it’s bad, I think, but
Then, how long can you endure?
■Some people match with longer timeframes
Of course, some people are better suited to holding positions for 1 hour, 2 hours
If constant hesitation is happening,
perhaps just don’t look at the chart for an hour (then there’s no hour of hesitation)
That is also one way to think
If you use a method based on hourly charts and set your maximum loss tolerance
Once you enter, you wait for the hourly result
There are people who find this easy
What is a “method that suits you”?
“The time you can endure” or “want to take it slowly over time”
I think there is a starting point in such a time axis
“The time you can endure without stress” or “the time you want to invest”
Are you someone who wants to exit quickly in a short-term trade?
Or someone who wants to take time to capture a bigger wave?
First, calculate backward from a time axis that makes your mind comfortable, and decide your trading style
My basic method, derived from two masters’ methods, is here
(You can also add a currency strength filter here)
★★Aiming for 1 day + 10 pips, 1 million yen per month (2–5 hours of trading per day)★★
What is the “New Life FX Method” that is open to the public
A professional’s real-time 1-minute FX method★ Explained with smartphone chart images
https://www.gogojungle.co.jp/tools/ebooks/76385
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