There is no such thing as "too expensive" or "too cheap" in price
Thank you for your hard work.
This is Nobushi.
The USD/JPY signaled by the late night moved as a signal.
It was late at night, so many may not have entered.
Also, during late night hours, price movement tends to lack direction, so some may avoid entering.
This time the direction was to buy USD/JPY,
and since the swap was also positive, I decided to just go in and try it.
Now, first, let's look at the 15-minute chart.
This time both higher timeframes showed buy signals.
Therefore, it is considered that buying pressure was quite strong.
However, many traders thought, "Isn't the price too high?"
and it seems it took courage to enter.
110 yen seemed unlikely to be broken...
I tweeted about it as well,
but the concepts of "too expensive" or "too cheap" do not apply to price.
They are different from the concepts of "overbought" or "oversold," so caution is required.
This time it was bought because it was destined to be bought.
Winner, which is technical analysis, proves it.
It consolidates multiple indicator informations into one, so any more information would
only hinder entry.
In particular, avoid "sense of price."
Emotions like "it's somehow expensive" or "it's cheap" are not necessary for trading at all.
For entry, you must steel your resolve and follow the signal.
Of course, if there are clear grounds, that is another matter.
More importantly, you pour your efforts after entry.
・How far to hold profit-taking?
・What fraction of the position to take profit? stop loss?
・Add to the buy? add to the sell?
・Try a tentative buy or sell?
・Where to cut losses?
・How much drawdown in unrealized gains are you willing to tolerate?
・What about settlement at breakeven?
There are many things to consider, and this is the charm of trading.
If you hesitate on entry and miss the opportunity, you will never win.
As I have said many times,
I think there is no single correct method for exit.
So it is difficult to limit that, but there are clearly high-advantage points for entries.
There is no doubt they are reasonable points, so the question is where to exit.
Of course there will be times when you must cut losses, but
that is also trading.
Do not fill the chart with indicators to become a "chart-only trader."
I believe everyone has a chance to win.
Since results vary from person to person, it would be fun to discuss that among the members.
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
