Line drawing with increasing precision; the importance of redrawing the line
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In the free article earlier, I mentioned that the line drawing was a bit weak.
【What does it mean that the line drawing is weak?】I received an email asking for clarification, so I’ll explain.
This is not「because the line drawing method is bad」 to misunderstand.
Yesterday’s 10pips of a negative deviation. When an error occurs, I redraw according to the Line Method's rule. Time-wise, only a few seconds.
That’s all there is to it.
I’m not doing something like “researching line drawing.”
Trading styles include
Scalping
Day trading
Swing trading
and so on; it varies from person to person.
Because that method of trading, and also depending on the time, the important lines and solid lines differ, the【reference values】also differ.
I think it’s very important to find a trading method that suits you.
Yesterday, in terms of one day,
the overall trend was up, but at the time I posted the blog,
the view was to create a pullback (a dip).
If the line is drawn precisely,
during European time, a pullback occurs, so it would be a 【short】.
From there, the 【long】. Because the trend is up.
The trend and price vary greatly depending on each trader’s time frame and style.
What I publish in my paid blog is
today’s predictions for the【movement and price】between Japan time and European time.
This is not advice to go long here or short there.
People have different trading times, styles, and the time they spend looking at charts.
So, it’s natural that entry and exit prices differ from person to person.
Even if a certain price is solid at this time, it does not mean it will stay solid.
(It took me a considerable amount of time to understand which ones are solid. It isn’t something you can understand so simply.)
What’s convenient is whether you understand the【breakdown value of the flow】 or not.
If you have this, you can confidently do stop-loss.
More importantly, being able to【make a stop-loss】is, I study daily, and it’s truly, truly important.