[9 o'clock intraday trading: the FX answer reached after 10 years of verification] Why does 'waiting' become the entry?
Good morning.Hey, bro?Yes.
This time it's about "Can you wait?" It's a very important thing in trading.
In FX, people tend to focus on entering trades.
Buy because it seems like it will go up.
Sell because it seems like it will go down.
However, after ten years of testing, my thinking gradually changed.
The important thing is,
not to "predict which direction it will move," but to "wait until the conditions for movement are in place."
I think that is the key.
In the previous article, I wrote about the concept of the "Continuation Pattern."
The market does not move in a straight line.
Even when it is rising, it pauses, has a pullback, and then rises again.
Even when it is falling, it retraces, then falls again.
In other words,
Trend → Adjustment → Resume
This sequence repeats.
What I was aiming for was the **“resume”** within this pattern.
You won’t enter just because a trend is present
This is very important.
Buy because there is an uptrend.
Sell because there is a downtrend.
This is easy.
But in reality, a large pullback can occur the moment you buy in an uptrend.
A large retracement can occur the moment you sell in a downtrend.
Even if the direction matches,you can lose if the timing is wrong.
So I began to
separate the "direction" and the "entry."
Just because the direction has been confirmed, it does not mean you enter immediately.
After the market makes a correction, then you
wait until you can judge that it has started moving again.
There is the purpose.
Why 9 o'clock
And in the many years of testing, for USDJPY, the Tokyo session began to move in earnest at9 o'clockwhich became an important time.
However,
Just because it is 9 o'clock does not mean you enter.
If you get this wrong, it becomes merely a "buy/sell at 9 o'clock" method.
What I look at is
whether after 9 o'clock, the price moves in the previously prepared direction.
That is what it is.
So even at 9 o'clock, if the conditions are not in place, I do nothing.
Even at 9:05 or 9:30, I wait until the conditions are met.
In some cases, I do not enter that day.
“Waiting” is not doing nothing
When I started trading, I wanted to enter as soon as I saw the chart.
If it starts moving,
I think,
"I might miss out."
However, after repeated testing, I realized that
missing a chance is completely different from entering at a place with no basis
.
Even if a trade you passed on moves 100 pips, your loss is zero.
But if you enter before the basis is in place and lose 50 pips, you can truly lose your capital.
So for me,
waiting is also part of trading
.
Entry is not about predicting but confirming
At this point, my view on entries changed as well.
"It will go up"
Instead,
"the conditions I believe are necessary for it to go up have lined up"
so I buy.
"It will go down"
Instead,
"the conditions I believe are necessary for it to go down have lined up"
so I sell.
It seems like I am trying to predict the future, but what I actually do is the opposite.
I do not predict the future; I confirm the present facts.
And if the conditions do not line up, I do nothing.
This is the fundamental way I arrived at regarding entries after ten years of testing.
End
Well then, everyone, goodbye