20190528 (Tue) USD/JPY Commentary ~ The essence of entry rules

The dollar/yen reached the scenario line, but once again the entry conditions were not met, so there is no entry.

Dollar/yen 5 minutes. The blue arrow is the scenario. It is NG to rush in with a sell entry at areas like the red line.

Under the "Basic Trading Rules," of course the conditions are not met.

The member blog’s “Basic Trading Rules” are written as safe rules that anyone can understand.

They are clearly stated and look like a template that anyone can follow in the same way.

However, at first it’s fine to think of them as “rules,” but it is important to understand the essence.

Why do we enter only after the conditions are met? Why is it better not to enter if those conditions are not met?

So, this time we will talk about the essence of entry rules.