Unveiling FX Lies Episode 8 ・ Final Episode】The belief that you can win with horizontal lines (line trading). The reason why the “reproducibility” is overwhelmingly low
Pro Trade CoachMaxhere.
Over the course of eight installments, we have delivered the series “Exposing the Lies of FX,” and this time, we reach the final chapter.
The last topic is the trap that intermediate and more advanced traders fall into, “trading using horizontal lines (levels).”
“The market isn’t kind enough to treat you well just because the color of your signal tool or indicator changed.” Those who realize this cruel fact move on to draw obvious highs and lows as horizontal lines on the chart and enter when the price reaches and rebounds from those lines—this is the so-called “line trading.”
Have you ever filled your chart with horizontal lines?
■Line trading itself isn’t a “lie,” but…
Let me be direct.Entries with the horizontal line as a backdrop can indeed be profitable if you draw the lines at precise positions and accurately confirm a reversal in momentum.
In fact, early in my trading career I mainly practiced trades drawn with lines and made profits. So I don’t intend to entirely negate the method itself.
However, now that I am in a position to guide others, I’ve realized a fatal flaw in this approach.
■Critical weakness: low reproducibility
The issue is that because reproducibility is relatively low, it is extremely difficult to teach someone else to achieve the same results.
Line trading hinges on two elements, and the outcome depends entirely on them:2 elements.
- Where to draw the line from, and according to what criteria?
- What to measure to determine momentum reversal after the line is reached?
Even a slight misalignment can cause you to break through a wall and hit a stop loss in an instant. When people draw lines at different places, it veers away from a systematic, discretionary-free approach to trading.
■Dangerous combinations taught by popular schools
Adding to the trouble is how popular online schools teach this. They often say, “Draw the horizontal line, and if Dow Theory signals (crests and troughs) indicate a reversal, enter.”
Let me be blunt: this method is highly imprecise and prone to false signals, making it a dangerous trade. I strongly recommend stopping immediately.
Because you cannot determine the trend direction simply by superficial patterns like higher highs and higher lows—the FX market today does not move in such a straightforward, textbook manner. If you wait for the Dow Theory reversal as taught in textbooks, your entry will be delayed until you’re already seeing a counter-trend wave.FX price action is not so simple.
■ Maxthe real reason I don’t use horizontal lines
In the program I’m currently teaching, horizontal lines are not used at all.
The reason is simple: a reproducible method should not depend on where you draw lines and how you interpret them. If everyone measures the market by the same standard and reaches the same correct conclusion without hesitation, you don’t need vague horizontal lines. With my own market theory, Max, and systematic trading, you don’t need to rely on ambiguous horizontal lines.
If you’re now frustrated by a chart full of lines and you can’t tell where a rebound will occur, please erase all of those lines at once.
Then commit to learning the market’s essential physical laws.
■[Major Announcement] Finally, revealing the truth of the market
Up to now8 sessions, we have exposed the lies of the common FX knowledge, such as Dow Theory, moving averages,MTF analysis, delayed signals, and more. Why have I done this series? Because I wanted traders who are being misled by superficial know-how and losing their capital and time to become aware of the essential physical laws.
And to deliver the true market essence and the proper use ofRCI to as many people as possible, we are releasing a special textbook.
“True・RCILeading Guidebook — Three professional predictive elements to break the trap of ‘enter when the lines align’”
Discouraging the public from chasing delayed signals, this book teaches professional techniques to fully anticipate market energy from angle, highs/lows, and gaps, all for just500 yen (one coin).
Sales start is scheduled for [tomorrow (Saturday) at 9:00 AM].
This is far more essential than thousands of yen in value and will upgrade your chart-reading from a casual to a professional perspective. Once sales begin, it will be posted on the GoGoJitan product page, so please don’t miss it and press Follow on my profile to stay tuned.
Letting go of long-held beliefs takes courage, but if you truly want to change your current situation, take the first step toward becoming a truly autonomous winner with this one-coin textbook.
Thank you for reading the series to the end. See you next Saturday in the textbook!
Pro Trade CoachMax