【精选】Now the trading skills you need Vol.1
Good work everyone!
This is Nobushi!
Today I have a day off from work, so I had some time
to introduce trading techniques I recommend for beginners to intermediate traders.
I selected a few, but I can’t cover them all in one session, so I’ll discuss them across multiple parts.
Before starting the introduction, please allow me to share yesterday’s Winner analysis!
I hope it serves as a reference for the team.
First, the signal yesterday was for EURUSD (EUR/USD).
This is the 15-minute chart.
As shown in the image, a second downward wave formed on the EURUSD 15-minute chart.
At that time, the hourly chart was also in a downtrend (red), so I took a wider stop loss to
aim for profit, and entered with that plan.
Just before the second wave signal appeared, there was a large drop, so
waiting for a small retracement before entering might be more efficient.
Even if you entered exactly as the signal indicated, you would have profit, but any
reduction in unrealized loss is welcome.
In the end I took profits at about 13 pips, but
the third wave dropped sharply afterward, as expected.
If you are adding to short positions, do so when the third wave appears or
when price breaks the recent lower bound with the real body of the candlestick, which
is effective.
Many team members have sent DMs,
and most of them took profits at 10–30 pips.
The average profit this time was about 16 pips, so those who took more than that have good instincts! Haha
Messages from everyone are encouraging.
We’re planning updates with new features, so please look forward to it.
We’re also accepting requests at any time.
Now, then, to today’s main topic.
I don’t intend to discuss overly complicated content.
However, this is a skill that is absolutely necessary, so if you haven’t mastered it yet
please try using it.
① Probing Buy/Sell
When entering, many people do so with a fixed lot size.
That’s how I usually trade as well.
However, when you don’t have confidence in your entry or want to observe the market, try probing with half or less of your usual lot size.
For example, during yesterday’s Winner second wave, enter with half your usual lot size,
then add to the short position when the third wave appears or when the most recent low is broken.
This allows you to take a larger stop loss than usual
and confirm market movement before riding the wave.
Even if the market moves against you right after entry, you can be reassured, and
if you’re confident in the direction, you can average in (average down).
If you have confidence on higher timeframes but fear a pullback...
then be sure to use this technique.
If it moves against you → average down or small loss-cut
If it moves in your favor → add to profits
Either way, it helps with risk management and is good for mental resilience.
Long-term winning traders are adept at position management.
Gambling traders who make one big profit pull (not criticizing at all) can look flashy, but
those who want steady gains should develop finer skills!
Please look forward to Vol. 2 in future installments!
Winner introduction video: https://www.gogojungle.co.jp/finance/navi/15/17609
Original Indicator “Winner” public page: https://www.gogojungle.co.jp/tools/indicators/17623
