What’s difficult in day trading is "stock selection" and "where to buy"

If you are day trading Japanese stocks, stocks that move significantly from the morning can be surprisingly easy to find.

If you look at the trading value ranking,

• Stocks that are drawing in funds today

• Stocks with a sharp surge in volume

• Stocks that are attracting attention due to catalysts or earnings

you can get a rough sense of them.

However, when you actually try to trade, there is a more difficult problem.

That is,

“Where is the right place to buy that stock?”

the question you face.

Even if it’s rising, jumping on it can lead to catching a top.

On the other hand, if you wait until it falls, it may rise in the meantime.

If you buy thinking it’s a dip, it turns out to be just a down move in progress.

In day trading, the“entry position”judgment greatly influences the outcome.

That’s why I created the TradingView Japanese stock day trading indicator,

KMR Pro

for you.

KENVO Morning Reversal Pro【Stock Day Trading Used】

KMR Pro is not an indicator that simply looks for stocks likely to rise

This is very important.

KMR Pro is not

a screener that automatically searches all displayed charts for buy candidates.

The basic idea is

that division of roles.

I believe this mindset is extremely important in day trading.

For example, in the 9 o’clock hour in the morning.

Looking at the top stocks by trading value, there are clearly stocks with concentrated market funds.

However, even these strong stocks do not rise in a straight line.

Profit-taking selling occurs, supply and demand temporarily crumble, and they pull back multiple times.

At this time,

whether a strong stock is temporarily down

or

whether a weak stock is falling in the first place

is important to distinguish.

KMR Pro is not an indicator aimed at catching autonomous rebounds from weak stocks.

What we aim for is

a temporary pullback in a strong stock where market participants are gathered

.

Why is it hard to win by buying simply because it has fallen?

A common pitfall in day trading is

This line of thinking.

Indeed, stock prices sometimes rebound when they fall.

However,

when weak stocks are falling, they can continue to fall further.

So I shifted to thinking about

“Look for stocks that seem likely to rebound”

not

“Target today where strength has already been confirmed and pullback temporarily due to supply/demand”

as my direction.

In other words, KMR Pro divides its role into two parts.

① Stock selection

Humans decide which stocks are strong today by looking at trading value and price movement.

② Entry

Among them, KMR Pro determines the timing to buy.

This two-step approach is the method.

In day trading, “waiting” is surprisingly difficult

When you are watching strong stocks from the morning,

you feel, “Maybe it will rise from here on.”

Then you want to buy.

But right after, it pulls back strongly,

which happens often.

Conversely, if you wait for a dip,

you end up being unable to buy.

In other words, in discretionary trading,

rising stocks make you fear buying at the top,
and falling stocks make you fear further decline.

This is a psychological issue.

One of the reasons I created KMR Pro is to address this.

By setting certain preconditions in advance and

display on the chart the points where you can consider an entry

to make decisions as rule-bound as possible.

How to use KMR Pro basics

The usage is fairly simple.

① Look at the top stocks by trading value the previous day and in the morning

First, search for stocks that have funds flowing in the previous day and that day.

For example,

• Top trading value

• Increased volume

• Gap up

• Earnings or catalysts

• Stocks with momentum from the previous day

This is not entirely left to the indicator; humans decide here.

② Monitor on TradingView using 5-minute chart

Display the selected stocks on TradingView.

For Japanese stock day trading,I focus onthe 5-minute chart.

③ Wait for KMR Pro BUY signals

Even strong stocks can pull back once.

Then KMR Pro evaluates the conditions and displays the points that could be BUY candidates.

In other words,

This is the idea.

“The low of the morning session” is an important pointWhen you look at Japanese stock day trading, a point where the morning session temporarily saw a big sell-off can become an important support price later on.

Especially for stocks drawing attention from the morning,

a sharp rise

↓

profit-taking selling

↓

a pullback

↓

the stock is bought again

this kind of movement happens often.

What’s important here is

not buying simply because it is at a low

.

For that stock, there must be

• funds flowing in

• volume

• many market participants

• upward momentum

as a prerequisite.

KMR Pro is designed to make aiming for such “pullbacks of strong stocks” easier.

KMR Pro does not guarantee winning alone

This is something that should be clearly stated even for sellers.

If you just add the indicator,

This is not the case.

In particular, with KMR Pro,

stock selection is extremely important.

For example, showing a stock with low trading value that has been declining and buying on BUY does not guarantee a good trade.

KMR Pro is

in that sense.

I believe this better suits real day trading.

This is for people like this

KMR Pro is especially intended for the following people.

• Day trading Japanese stocks

• Trading mainly top stocks by trading value

• Can identify strong stocks in the morning to some extent

• But unsure about entry

• Often gets caught at the top

• Get anxious waiting for a dip and can’t buy

• Want to formalize entry decisions to some extent

• Using TradingView

Conversely,

is not suited for this.

My view on the greatest meaning of KMR Pro

During the development of KMR Pro, I arrived at a core idea.

That is,

“What stocks to monitor is decided by humans,

“Where to buy is decided by the indicator.”

.

Humans have the ability to

• read news

• see the overall market

• see where funds are flowing today

and make judgments.

On the other hand, indicators have strengths such as

• not being swayed by emotions

• being able to repeat the same judgments under the same conditions

• visualizing entry conditions

which are advantages.

Human judgment × Indicator discipline

Combining these two is the core philosophy of KMR Pro.

That’s the foundation.

Available on TradingView

KMR Pro is offered as ainvite-only scripton TradingView.

Therefore, it is not published as source code; instead, purchasers are granted usage rights on their TradingView account.

Currently sold on GoGoJungle.

Please refer to the product page for detailed specifications and usage.

KMR Pro product page is here

The 2-week free trial version is here↓

https://www.gogojungle.co.jp/tools/indicators/84672?via=users

Finally

In day trading,

tends to draw the most attention.

But in reality,

the results vary greatly depending on where you buy, even for the same stock.

Especially with strong stocks like those with top trading values, instead of jumping on momentum, it’s better to calmly wait for a pullback.

KMR Pro was created to make that judgment as objective as possible.

In future notes, I plan to use actual charts to show practical usage,

• why I monitored a particular stock on that day

• where KMR Pro reacted

• even when a signal appeared, why I should have passed

• which stocks are compatible

and provide practical usage guidance.

More than the indicator itself,

how you use it

is what matters.

This article and KMR Pro are provided as information and tools to assist investment decisions, and do not guarantee or recommend buying or selling specific stocks, investment actions, or profits.

Stock investments carry price fluctuation risk and may result in principal loss. Also, BUY signals from indicators do not guarantee future price movements or profits.

Actual trading decisions should be made by the user after fully considering market conditions, stock liquidity, news, earnings, price movements, risk tolerance, and other factors.

The author cannot be held responsible for any losses or damages arising from the use of this article or KMR Pro.

Additionally, external services such as TradingView, GoGoJungle, and others may change usage methods or displayed content without notice due to changes in service specifications, outages, or changes in provider terms.

The contents described in this article reflect information and the author’s views at the time of writing and do not guarantee accuracy or completeness in the future.

Final investment decisions should always be made at your own risk.