Trade using only 5-minute charts is a duck

First, please allow me to apologize.

To catch your 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 repeat this every day,
I must tell you something harsh.

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

The problem isn’t the 5-minute chart itself.
The problem is that we are making the 5-minute chart do more work than its role.

■ Check if this applies to you

□ When you open a 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 frame
□ You enter multiple times in one day
□ You rarely open the 4-hour or daily chart

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

■ The “good patterns” on the 5-minute chart occur 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 truly breaks out.

Patterns that break out and patterns that don’t.
Even if you only look at the 5-minute chart, you cannot distinguish these two.
Both look like the same “good pattern” above the 5-minute chart.

Therefore, people who only enter on the 5-minute chart
enter both in patterns that won’t break out and in patterns that will break out alike.
They end up winning and losing, and money decreases due to commissions and stop losses.

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

■ Timeframes have their respective roles

So, what should you do?

The answer is to assign a role to each timeframe.

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

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

Opening the 5-minute chart without fixing direction or location is
the same as getting into a taxi without a destination, and only deciding where to get off when you think of it.

Now, in actual charts,
in what order should you view the 4-hour, 1-hour, and 5-minute charts, and what should you look at?

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

■ Explanation video