The shortest way to see results: Practice #4

Practice: Draw only one horizontal line

Hello. This is THE DAYTRADE.

Last time, I shared practice: “First, look only at the 4-hour chart.”
Practice to decide in one word whether it will go up or down by looking at the recent high and low.

This time, the next step is.
Practice: draw only one horizontal line.

If you draw too many horizontals, everything looks important

When you open a chart, you first draw lines on the obvious highs and lows.
Before you know it, the screen is filled with lines.

In the beginning, this tends to happen.

But when there are ten lines, price movement is always near one of those lines.
Then you think, “This line might hold,” or “But that other line is also close,”and everything seems important, making it hard to decide where to judge.

The more lines you draw, the more it seems you gain peace of mind, but in reality it only increases doubt.
So I,draw only one horizontal line for each time frame.

Where to draw that one line

The place to draw is fixed.

• In an uptrend, draw at the swing low
• In a downtrend, draw at the swing high

A swing low is the low formed when the price temporarily dips in an uptrend.
A swing high is the high formed when the price temporarily rises in a downtrend.

This line becomesa guide for whether the trend will change.

If, in an uptrend, the swing low breaks below, the uptrend might be over.
If, in a downtrend, the swing high breaks above, the downtrend might be over.

In other words, this single line is to confirm whether the current move is continuing.
Therefore, one line is enough.

※ I also consider the previous high and previous low as commonly watched references. However, in the initial practice, please focus on just one line for swing low or swing high.

What changes when you limit to one line

With only one line, what you look at becomes clear.

• Whether you are above or below that line
• Whether you have broken that line or not

That’s all there is to it.

You won’t waste time wondering “this line or that line.”
And as you waste less time doubting,your decisions become steadier.

In my charts, there are no indicators (lines from calculations shown on the chart).
On the daily, 4-hour, 1-hour, and 5-minute charts, one horizontal line per chart. That alone is how I judge.

How to practice drawing only one line

This time as well, practice using only the 4-hour chart.

① Open the 4-hour chart and decide the trend
Same as last time. Look at the recent high and low and decide “up” or “down.”

② Look for the swing low or the swing high
If up, the “temporary lower low” during the rise.
If down, the “temporary higher high” during the fall.
Among these,find the newest one.

③ Draw one horizontal line there
If you’re unsure, don’t add another line; re-select the single line.

④ Erase all other lines
This is the most important. If old lines remain, erase them.

⑤ The next day, see what happened to that line
Whether the price continued above/below that line, or broke and changed the trend.
And if new swing lows or swing highs formed, redraw the line.

Do this every day.

If you think “one line isn’t enough”

At first, having only one line may feel uneasy.
You may think, “Maybe other highs or lows will work as well.”

I understand that feeling.
But if you draw all potentially useful lines, you’ll return to the original “too many lines.”

During practice,watch with only one line in a state of unease.
As you repeat this, you’ll gradually feel that “keeping to this one line reveals the trend.”

Adding lines is easy.
What’s more important is being able to judge with fewer lines.

What to do today

• From the 4-hour chart, erase all lines currently drawn
• Using the most recent high/low, decide “up” or “down”
• If up, draw one line at the swing low; if down, at the swing high
• Tomorrow, see whether that line held or broke

Summary

• Drawing too many lines makes everything look important and leads to doubt
• For each time frame, only one line
• If up, swing low; if down, swing high
• That one line is to confirm whether the current trend continues
• Even if uneasy, look with one line. That practice reduces judgment wobble

Next time, #5 “Practice narrowing down where to enter on a 1H chart.”
From here, we move to lower time frames beneath the 4-hour chart.

Pursue correctness over win rate.
For that, one line is enough.

▼ ChartPen | MT4/MT5 drawing tool (¥980)
A tool that lets you write lines and text directly on the chart (Windows MT4/MT5). If you note down where the swing low is, reviewing the next day becomes easier.
https://www.gogojungle.co.jp/re/oaxx7xNztnaAFo9

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※Individual results vary; this does not guarantee profits or the duration of mastery.
※ Trading carries risk of loss. Results vary by individual and profits are not guaranteed.