[9 o'clock Intraday Day Trading｜FX answer reached through 10 years of validation] The real reason you can't read the chart

Good morning. I am An-chan?

Today, I tried to break down what it means to not be able to read charts.

When I started forex, I hardly understood what was happening when I looked at the charts.

Candlesticks would rise or fall.

“It seems it will go up from here.”

When I bought thinking that, it fell.

“This time it should go down.”

When I sold thinking that, this time it rose.

The more I looked at the chart, the more confused I became.

So I thought,

“Perhaps I don’t have the talent to read charts.”

But after continuing to verify for ten years, I don’t think that anymore.

The real reason I couldn’t read charts wasn’t talent.

There were too many things I was looking at

Wanting to become profitable, I studied all sorts of things.

Candlesticks.

Moving averages.

Indicators.

Chart patterns.

Support and resistance.

I believed that as my knowledge increased, I would be able to read charts.

But in reality, the more knowledge I accumulated, the more I hesitated in my judgments.

One basis suggested buying.

Another basis suggested selling.

Yet another basis suggested waiting.

Even looking at the same chart, the answers changed depending on what you were looking at.

This was not something that could be replicated.

I was trying to “predict” the chart

There was another big mistake.

While looking at the chart,

“It will go up from here.”

“It will go down soon.”

I was predicting the future.

But the market doesn’t move according to my forecast.

Whenever my prediction was wrong, I looked for a new basis.

If that failed, I looked for another method.

I kept repeating this.

Then one day I changed my approach.

Instead of predicting the future, I began to look at the facts that already appeared on the chart.

It might go up.

It might go down.

Rather than thinking about that,

“What is happening now”

I focused on observing.

You cannot verify unless you view with the same criteria

Yesterday I bought by looking at candlesticks.

Today I sold by looking at moving averages.

Tomorrow I will look at another indicator.

With this, even after 100 trades, I wouldn’t know what was correct.

So I gradually narrowed down what I looked at.

Look at the same conditions.

Judge by the same criteria.

And achieve results.

If it doesn’t go well, investigate the reason.

Try again under the same conditions.

I repeated this many times.

Then, even within charts that had looked scattered, I began to see some common movements little by little.

Charts are not to be “read,” but to confirm the facts

I still cannot read future charts.

Whether tomorrow the USD/JPY will rise.

Whether GOLD will fall.

No one knows the future.

But,

the way prices have moved up to now.

What time frame and what state it is in.

These are on the chart.

Therefore I value confirming concrete price movements one by one rather than predicting the future.

What I have sought through ten years of verification is,

not a way to predict the future.

A way that anyone can confirm the same facts and, under the same conditions, approach the same judgments.

Not being able to read charts doesn’t mean you lack talent.

What is needed is not to try to read everything, but

to decide what to look at.

From there, my way of reading charts changed dramatically.

And this thinking later led to

“a method that even people who can’t read charts can use to judge.”

End

And with that

Well then, everyone, goodbye