[Paid] ※40,000 characters【Must Read】The person who can remove the beard thought that being a skilled trader
Why was I so particular about the beard? Simply because I felt it was amazing to see people who traded like that.
From the very bottom of the rising wave to the very top, I would take it all. I thought that people who could do that were good traders, and I wanted to become like that. If you could scoop up the bottom, the stop-loss width would be small, and if it then extended, you could take everything. It also felt logically sound.
The Beard Was Actually Retrievable to Some Extent
That said, I knew you wouldn’t hit it just by aiming blindly, so I started predicting the beard’s position using horizontal lines and resistance zones.
Not that I completely failed to take it at all, though.
Using resistance zones, there were times when I could predict and take the beard to a certain extent.
But the problem wasn’t whether I could take it.
What I realized was that my win rate was overwhelmingly bad. I would lose several times before I finally caught one. So even if there were clean takes, the amount shaved off before that canceled them out, leaving almost nothing overall. The sense of payoff at the moment of taking didn’t match the amount left at the end of the month. In fact, it was decreasing.
There were times when my spirit broke. The target was correct, but my performance wasn’t.
From these experiences, I began to doubt the necessity of “bottom fishing.”
There are times when you can win big, but because losses are frequent, your assets slowly dwindle
During a decline, you don’t know where the bottom is
In other words, while the price is falling, you don’t know where the bottom will be. You can narrow down candidates with resistance zones, but whether it stops there is a different story. Relying on that is simply difficult.
On the other hand, if there is a situation where a rebound is starting to rise, wouldn’t it be easier to simply target that?
However, just “getting on as it starts rising” leads to the same losses
Even so, realizing that didn’t immediately make me able to win honestly.
Enter where I felt it was starting to rise, and it would go down and be hunted. Or the entry point would become too high, worsening the risk-reward, and even though the direction was correct, I wouldn’t capture the performance. Riding the movement onset itself was also difficult.
In other words, riding at the moment of movement itself isn’t inherently correct. If you do it carelessly, you’ll lose just like bottom fishing.
But what changed for me was that when I looked at the 1-minute price action, I realized the initial movement of a rebound has characteristics. I waited for at least a minimal rebound, then rode it. This felt incredibly right for me.
Lower Timeframe Deviations Are Absorbed by Higher Timeframes
Another realization was to target the initial movement, not the starting point.
That is, even if entry judgments on the lower timeframe are somewhat off, the movement on the lower timeframe generally converges into the higher timeframe.
Even in situations where the price doesn’t extend right after entering on a rebound, and you fluctuate between unrealized gains and losses, there are plenty of cases where you end up winning by following the higher-timeframe trend.
So, I never lose sight of the higher-timeframe trend. If that aligns, the accuracy of the entry point can be a bit lenient and you can still come out ahead.
Taking the Beard Target Is Only One of the Options
In the minds of people who try hard to take the beard, the idea of “taking the beard tip = something great” remains. I understand that because I felt the same.
But in reality, what’s amazing is the person who can profit.
Taking the beard tip is only one option for making a profit. If you can profit from it, that’s fine.
However, there’s no universal reason to cling to that. If you can generate large profits, that’s the correct approach, and for me, I particularly wanted a certain win rate. I don’t like losing endlessly. So I settled into my current stance of watching the initial rebound and taking a position once the odds improve.
What I look at to do this is how the strength of the rise and fall compares for the target point. I interpret this from every single candlestick. The rebound behavior always appears as a sign.
I don’t think this is a matter of sense; it’s a matter of knowledge. You don’t see it because you don’t know it, but once you know how to look, you can pick it up normally. Here is how I structure this viewpoint:https://www.gogojungle.co.jp/tools/ebooks/67002*SALE starts on September 6
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