[6/4 2 fights 2 wins +341 pips] GOLD Trade Commentary — Enter again only after the price has moved in your favor
After a chart has moved once, you start to want to jump in.
“The current move was definitely strong.”
“Maybe it will go one more step from here.”
“It was a bit late, but maybe there’s still time.”
These kinds of sensations come up many times when you’re trading.
But what’s important here isn’t to chase it right after it moves.
If it moves once, wait for the pullback afterward.
After it pulls back, review whether it can still be used as a condition.
Just by following this order, you’ll reduce a lot of wasted entries.
In the past, I would look at the candlestick after the move and think, “If I don’t enter now, I’ll miss out.”
But those times are usually when the reason to enter is sloppy (;'∀')
Actually, you should be looking at the place, not just the momentum of the price movement.
Actually, you should be looking at the higher timeframe and the most recent price action together, not just judging by the most recent strength.
If you do this, even if you know the trading method, your actual entry becomes quite dangerous.
This time,the decision is to re-enter only after it pulls back.
Rather than jumping on it immediately after a move, wait one step and only look at the conditions.
Having this sense makes it possible to view the same chart with much more composure ^^
For those who have the GOLD antidote, this “look after the pullback” part is quite important.
Not only memorize the pattern, but also see where on the chart this pattern appears.
▼ “Golden Line Sniper AI”
The two-part set: Signal Tool + EA
https://www.gogojungle.co.jp/tools/indicators/80000
▼ “The Answer of the Market”
A three-part set of materials: video + pdf + tools
https://www.gogojungle.co.jp/tools/ebooks/77829
Now, onto the main topic.
As I’ve said many times, in this Investment Navigator+ I detail where to recognize the wall and how to combine higher and lower timeframes.
There is a detailed explanation of that process.
↓ Here are the concrete trading methods (GOLD antidote)
https://www.gogojungle.co.jp/tools/ebooks/50406
Now, from here is the usual article.
From here, in addition to what I’ve posted in the community, I’ll write behind-the-scenes stories and the big picture as well.
Because the judgment framework accumulates as you continue reading,
I hope you’ll keep going without stopping ^^
