Things I specifically check

When I look at charts, I pay particular attention to

① Dow Theory

② Horizontal lines and trendlines

③ Moving averages

.

I don’t judge by looking at just one thing.

By confirming multiple conditions,

“Is this really a place to take on risk?”

I consider it.

If the conditions don’t align, I sit out.

Even if the price then moves in the expected direction, that’s hindsight.

If my conditions weren’t met,

“Not entering was not a mistake.”

Reasons I monitor about 20 currencies

I monitor about 20 currencies.

However,

Monitoring 20 currencies does not mean you trade a lot

.

On the contrary.

If you only watch one currency for a long time,

you might think “I haven’t traded yet today”

and feel like entering somewhere you should pass.

If that happens,

it’s better to look at currencies that are nearing your criteria rather than chasing opportunities yourself.

That suited me better.

So I created an indicator that automatically monitors about 20 currencies and notifies me when prices meet the criteria.

Even if the alert sounds, you don’t enter immediately

This is very important.

The indicator I built does not mean

“alert = entry”

Instead, alerts mean

“the price has reached a place worth watching”

.

When an alert sounds, I check the chart for the first time.

Then,

what is happening on the higher time frame?

what is the relationship to lines?

what is the moving average doing?

how is the candlestick reacting?

do any other sit-out conditions apply?

I verify these.

If the conditions align, I consider entering.

If the conditions are bad,

I do nothing.

That is my basic approach.

Alert count does not equal 20 entries

For example, if 20 alerts ring in a day.

That does not mean you enter 20 times.

From the 20 alerts, you review the chart and

“this is a pass”

“this is also a pass”

and trim down to the final trade candidates.

Ultimately, only the scenarios where the conditions are met remain as trade candidates.

I focus on

“looking for reasons not to enter”

more than

“looking for reasons to enter.”

This feeling is important to me.

Not trading is also a choice

In FX, you don’t make a profit unless you have a position.

But at the same time,

if you don’t have a position, you don’t incur losses on that trade.

So I think about

“missing a chance”

less than

“entering when the conditions are bad”

and reflect on it.

The market isn’t just today.

If the conditions are bad, sit out and wait for the next opportunity.

Since changing this mindset,

the urge to “enter”

has decreased compared to before.

The indicator I built from that thinking

The Shinku FX Indicator I developed is not for predicting future price movement.

It monitors about 20 currencies automatically and

“this chart is becoming good to look at soon”

to notify you of a place to look at.

Beyond that,

whether you enter or not is up to you.

Or

whether you pass.

You judge by checking the chart yourself.

So what I most want to convey with this indicator is

not “trade exactly as the alert says.”

The place to watch is what the indicator signals.

The final decision is up to you.

I value this approach.

Currently, it is offered as a monthly subscription service at JPY 15,000 (tax included) on GogoJungle.

Shinku FX Indicator product page

In addition to the indicator itself, there are environments where you can learn

“why this is a valid entry here”

“why this should be passed”

and make judgments using actual charts.

If you’re interested, please check the product page.

*This product does not guarantee profits, win rate, or future performance. Trading FX, CFDs, etc. carries the possibility of loss. Please conduct actual trading with your own judgment and responsibility.