Trade in 5-minute bars only is a scam

First, I would like to apologize.

To grab attention, I deliberately chose a strong title.
If anyone felt uncomfortable, I am sorry.

However, in this article, I intend to deliver what is essential clearly.
I would be grateful if you read to the end.

Open the 5-minute chart.
A good pattern appeared. Enter.

Lose.

Open the 5-minute chart again.
A good pattern appeared. Enter.

Again, lose.

If you do this every day,
I must tell you something harsh.

People who only look at the 5-minute chart and enter are the biggest fools in the market.

The problem is not that the 5-minute chart is bad.
The problem is that it is asked to do more than its role.

■ Check if this applies to you

□ When you open the chart, you first look at the 5-minute chart
□ When a pattern appears on the 5-minute chart, you enter without checking the higher time frames
□ You enter multiple times a day
□ You rarely open the 4-hour or daily chart

If two or more apply, what is written in this article is your cause of losses.

■ The “good patterns” on the 5-minute chart appear many times a day

The 5-minute chart moves up and down many times a day.
Therefore, “good patterns” appear many times a day.

Among them, only a small portion really breaks out.

Patterns that go up vs patterns that do not go up.
Even if you only watch the 5-minute chart, you cannot distinguish these two.
Both look like the same “good pattern” on the 5-minute chart.

Therefore, people who enter only on the 5-minute chart
end up entering both the patterns that will rise and those that will not, in the same way.
You win and lose repeatedly, and money decreases due to fees and stop losses.

This is the true nature of the market’s prey.

■ Each timeframe has its own role

Now, what should you do?

The answer is to assign a role to each timeframe.

The 4-hour chart determines the “direction”.
The 1-hour chart determines the “where”.
The 5-minute chart determines the “timing”.

The job of the 5-minute chart is only the final “when to enter.”
You should not let the 5-minute chart decide “which side to enter” or “where to enter.”

Opening the 5-minute chart without deciding direction or location is
like getting a taxi without a destination and only deciding where to get off when you arrive.

So, in actual charts,
in what order and what to look at on the 4-hour, 1-hour, and 5-minute charts?

From here on, in a video using real charts, I will explain this carefully.

■ Explanation video