【Expose FX Lies ①】Because you’re buying due to the Dow Theory reversal, you will never win.
Pro Trade CoachMax here.
From today, in a new series, we will debunk one by one the lies of “FX常識の嘘” that many losing traders believe without doubt.FX.
Actually, I am currently preparing the release of a product on GoGoJungle (GogoJyan) that lets you learn professional foresight techniques for only500 yen (one coin) called “True RC Iリーディング教本” (True RCI Reading Textbook). Why did I decide to create this book? Because there are so many “FX lies” and superficial common sense that cannot be used in practice spreading through market materials and the internet, harming traders who work hard— I really wanted to correct this situation.
In this series, we will thoroughly dismantle those lies that mislead the public. The first theme is the FX textbook’s first page, the “Dow Theory.”
■The Tragedy Brought by “ textbook-entry”
Do you look at a chart and trade like this? “Oh, the low has been breached and risen!” “It has also broken the most recent high! It’s a Dow Theory uptrend reversal! Buy entry here!”
……And in the next moment after you buy, the market swings sharply against you and you quickly hit your stop loss. “Why is this? I entered on a Dow Theory reversal as the textbook said,”…and you rack your brain in front of the chart. You’ve likely had this experience more than once.
If you are still entering in this way, discard that “superficial trading” today. I assure you: using the basic Dow Theory as most explanations present it will never make you win forever in FX.
■Why you lose when you enter by Dow Theory
The reason is very simple. The place you confirm and enter on, thinking you have a clean Dow entry signal, is the “profit-taking (selling) point” for major investors who are moving the market from the bottom.
Dow Theory itself isn’t wrong. It is valid as a market environment recognition tool. However, using it as an entry trigger will always leave you always a step behind in the market.
When a widely known and easy-to-understand signal appears, the wave energy has already waned. The public surges to buy, thinking “it will go up,” while professionals push a large amount of selling (taking profits). Therefore, the moment you buy, the market crashes. As long as you use the same “delayed knowledge” as the crowd, you will forever be the prey (liquidity) of the big players.
■The Despair of People Who Learned in the Market
Many people join my program every month. Among them are those who say, “I paid a lot for another FX school to learn Dow Theory and how to draw lines, but I ended up losing all my funds.”
They drew lines hard as taught, counted Dow Theory waves, but no matter how many waves they counted, without understanding the wave momentum and the physical basis of reversals, it was just a lagging indicator.
■How to identify the correct answer faster than the crowd
So how can you break free from the Dow Theory trap and become a winner? You need to not rely on lagging indicators, understand the physical laws of market reversals, and possess the ability to identify the market’s correct move before the crowd notices it.
In my original logic, I narrow down the three major entry points in advance and use RCI to read the wave energy accurately. I eliminate ambiguous wave pattern recognition (discretion) and build a systematic environment where everyone reaches the same answer.
Chasing the Dow Theory fantasy is over. If you seriously want to learn the essence of the market and acquire a lifelong autonomous skill, please get hold of the soon-to-be-released “True RCI Reading Textbook” on GoGoJungle.
■ Important: Announcement about the sale end (seal) of “New Foreseeing RCI”
Finally, there is an important announcement about future activities. Going forward, I plan to devote more time and energy to personal coaching by directly marking students’ charts with a red pen—the “personal coaching program critique.”
Therefore, the currently on-sale “New Foreseeing RCI (69,800 yen)” will be completely sealed (sales ended) by the day after tomorrow (Sunday). If you have been considering it, please check the GoGoJungle product page before Sunday when sales end.
I will continue to post practical articles on Investment Navigator Plus as well, so please don’t forget to follow my profile.
Then, see you in the next article.
Pro Trade CoachMax