We have systematized the perpetual challenge of losing traders: "I can't wait."
Chart reading, commentary, comprehension, language
I Have Systematized the Eternal Challenge of Losing Traders: “I Can’t Wait.”
First, I must apologize.
To grab attention, I deliberately chose a strong title.
If I caused anyone to feel uncomfortable, I’m sorry.
However, in this article, I aim to deliver what is essential clearly.
I would be grateful if you read to the end.
“Waiting is important.”
I understand. I have heard it many times.
Even so, when the chart starts moving, you tend to jump in.
After you enter, you realize, “That was premature.”
If you are repeating this behavior,
I must tell you something tough.
The reason you can’t wait isn’t that your will is weak.
It’s that you don’t have a mechanism to wait.
Check if this applies to you
□ Even if you decide to “wait,” you end up entering once it moves
□ You can’t explain what you are waiting for in words
□ You often think “That was premature” after entering
□ You believe waiting is something you do with energy or endurance
If two or more apply to you, what is written in this article is the cause of your losses.
Waiting due to endurance leads to not waiting
Even if you decide to “wait,” if what you are waiting for isn’t defined,
the waiting time becomes mere endurance.
Endurance does not last long.
Each time the chart moves, your heart wavers with “this might be it,” and in the end you enter.
People who can wait aren’t because they are stubborn.
They simply have a clear condition for when to enter.
The waiting mechanism has three conditions
What I am waiting for are the following three conditions to align.
1. The 4-hour chart shows a clear direction
2. The 1-hour chart has come to a pullback (for a downtrend, a retrace) to wait for
3. The 5-minute chart shows a wave N (for an uptrend, a pullback then surpassing the previous high)
I will not enter until all three align.
If even one is missing, that is the “waiting time.”
If you decide this way, waiting no longer becomes endurance.
You can understand yourself, “I am waiting for the second condition now.”
Waiting without a mechanism is like
standing and waiting for a bus without knowing the timetable, wondering if it will come.
If you know the timetable, waiting isn’t painful.
What you can learn from the video
・The flow until the three conditions align on an actual chart
・How to check which condition you are waiting for now
・How to identify scenes where you want to enter even though the conditions aren’t met
・A procedure to use the waiting mechanism in the same order every time
This video is for people who
・Tend to enter even after deciding to wait
・Cannot clearly say what they should wait for
・Often lose by entering too early
Articles that deepen understanding when read together
▶ Trade with only the 5-minute chart is a trap
The 4-hour chart determines direction, the 1-hour chart determines the place, and the 5-minute chart determines timing. This explains the roles of timeframes that form the base of the “three conditions” in this article.
https://www.gogojungle.co.jp/finance/navi/articles/128863
▶ Monthly serialization “Chart Reading, Commentary, Comprehension, Language”
Both this article and the above article can be viewed together in the monthly series. If you want to see many short pieces, this is a good option.
https://www.gogojungle.co.jp/finance/navi/series/2073
From here on, we will carefully explain using actual chart-based videos.
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