[Do not chase the急伸] Look first at the whitespace up to the extended line

When a big bullish candle appears in a single bar, have your fingers ever reached for the buy button? Before chasing, what is one thing you should look at to stop yourself?

Right after a move, the screen everywhere still looks like “it may go further.”

I’ve also, a few times, stared at the screen after it jumped in and was immediately pulled back.

Good evening!

This is Masashi^^

This time, it’s a story about wanting to chase after a sudden rise.

What I try to look at first is the gap up to the line that lies ahead after the rise.

Before chasing, see how much space remains ahead after the rise.

? If you buy after seeing it rise, you’ll find the move stops soon afterward

I used to jump in immediately when I saw a sharp rise.

The larger the move, the more I felt it would continue further.

However, when I switch to a higher time frame after entering, there is a wall where it has been repeatedly stopped a bit above.

The price stops there and reverses, and even falls to where I placed my stop loss.

The stop loss itself is a cost that was expected at the position I placed it.

What tripped me up was that I entered without ever looking at the space ahead (;'∀')

? I was watching only the amount moved, and did not look at how long the path ahead was.

? The remaining gap is more important than the width of the move

Then, after a sharp rise, what should we look at?

What I try to look at first is not how much it moved, but how wide the space is from the current price to the place where it would likely pause next.

For example, in a situation where it has already risen sharply and there is only a small gap to the next wall where it has been stopped a few times.

If you buy there, the potential gain is small, but the loss when it pulls back could be large.

Conversely, if there is still ample space until the next wall, there is room to consider the potential gain.

Whether you enter or not is a separate discussion, but this is the only part worth talking about when chasing.

In narrow gaps, lay out the potential gain and the stop-loss width once, then decide.

? How to use the Golden Line Sniper AI to see gaps

The Golden Line Sniper AI is an advisory tool used on MT5 with the GOLD chart.

It displays on the chart the price ranges that have historically reacted as AI attention lines.

After a sharp rise, you look at only the one attention line just above the current price.

That is to consider whether the gap up to there justifies placing your stop-loss.

Back when I used to draw lines by hand by locating past highs and lows, there was no room to draw lines during a sharp rise.

I made it so lines appear in advance to give time to look at the gap even amid the surge.

However, the lines are markers of places where price tended to pause, and they do not guarantee a pause there.

They do not decide whether to enter, so please place your own stop-loss.

?View details of the Golden Line Sniper AI

? Points to look at when viewing the gap

There are only two points to look at.

・Width from the current price to the next attention line

・Width of the stop-loss you plan to place

Compare these two, and if it feels not worth it, skip it.

What is considered worth it differs from person to person depending on how you place the stop-loss, so decide according to your own procedure.

Even if the space is wide, I do not take that alone as a reason to enter.

In the records, I leave only one line like [After the sharp rise / narrow to the upper line / skipped].

⚠ Even if the gap is wide, there are days when you do not enter

Let me break down what has been said so far once.

Having a wide gap does not mean you should chase.

On my screen, price often moved up and down sharply right after the rise.

Even if the space is wide, if you cannot determine where to place the stop-loss, you should not enter.

Also, when you don’t know what triggered the sharp rise, I pause once as well.

Chasing without understanding what happened means there will be nothing to write in the record when prices pull back.

You may be asked, “What do you do if it continues to rise after you skip it?”

That is because you decided to skip after looking at the gap, so it is treated as within expectations.

In the records I leave, [After the sharp rise / wide to the upper line / skipped because the stop-loss place wasn’t decided / then it continued to rise].

If you count how often such lines appear in a week, you can later confirm whether your skip criteria are too harsh.

❌ If it rises to above the line, chasing further is a different matter

There is another common scenario.

When price rises beyond an attention line, you chase thinking it will rise more.

Whether it has exceeded the line is not known until you see how it closes beneath it.

I’ve chased before it closes and have been pulled back once again above the line several times (;'∀')

What you look at after crossing the line is whether price stabilizes at the point it crossed.

That becomes a separate judgment, so I keep it separate from chasing the initial surge.

Mixing the two makes it hard to know, upon reviewing records, which judgment led to a loss.

Therefore, I always write at the beginning of a line whether I chased the surge or whether it settled above the line and then continued to rise.

? Summary: Before chasing, look at the gap ahead of the rise

After a sudden rise, you tend to focus on how much it moved.

But what you should look at first is the gap from the current price to the next likely pause point.

If the gap and the stop-loss width do not add up, skip; if there is space, decide based on your procedure.

Even the times you did not enter, leave a single line in the records.

Whether you measure this gap by drawing lines yourself each time or by checking on a screen where the attention lines are displayed, please choose the method that suits you.

The Golden Line Sniper AI does not decide whether to enter, so please make your final decision according to your own procedure.

Next time you see a sharp rise, before pressing the button, check the width up to the upper line^^

?View details of the Golden Line Sniper AI

Thank you so much for reading as always^^