[Trend Reversal!?] Market Environment Recognition Using Winner on 12/2
Thank you for your hard work!
Today as wellUsing Winner for market environment recognitionto start＾＾
To review the strategy we discussed yesterday,
the 1-hour chart is in an uptrend, but
the 15-minute chart shows a range where up and down signals light up alternately.
This range is either a休息レンジ
休息レンジfor the uptrend
転換期のレンジor a turning point range...
We discussed judging this by watching the movements.
Today’s price action remains a whipsaw range on the 15-minute chart
However!!
Just now, at 20:45!
Second wave of a decline signalhas lit up.
Additionally, when we check the 1-hour chart...
Is it the late stage of the uptrend...
or a turning point
It’s subtle, but I will assume the up move until a decline signal appears.
Of course, I’ll keep in mind the possibility of a turning point!
Therefore, this time’s 15-minute chart decline signal 2nd wave for USD/JPY
is
a counter-trend move against the long-term chart
trend-following within a counter-trendin other words!
Many people tend to misunderstand that trend-following is always a pure trend-following (following the trend), right?!
But
this case serves as a good example
trend-following within counter-trend is common.
What’s important is to recognize whether I am currently following the trend in a counter-trend context
or following the trend in a pure trend context.
If you enter without this awareness, the results will differ greatly...
This time it is trend-following within a counter-trend,
so even though it’s the 2-wave theory, the odds are not favorable.
That doesn’t mean you don’t enter,
you just need to enter while reducing risk.
If you clearly understand there is risk, you can prepare accordingly, right ^^
This time we’ll try a shallow stop loss (10–20 pips)
and a generous take profit (5–10 pips)
to enter＾＾
Even if the 1-hour chart signals a decline and
a movement hints at a trend reversal
Piling up profitsis something to consider
I’m also thinking about holding a bit longer.
For those who read this, don’t you have a relatively clear market perception?
When climbing a mountain or traveling across the sea, what matters is not
“a map with a goal drawn”
but a
“map of your current location”
Indeed.
Goals are easy to find, but
without knowing your current location, you don’t know how to proceed, right?
Right now, in what market are you,
where are you looking,
what risks are you bearing
If you recognize this properly, the path forward becomes clear.
What serves as a compass in trading
is the indicator.
I’ll publish the results of this on Twitter and my blog＾＾
Rather, I’m publishing all trades though...
Thank you for your continued support!
