The Essentials of Area Method - Practice Edition | Episode 8: Modifying Areas and Decision Criteria [FX Planner]
Up to the previous issue, we explained the sequence from entry preparation using the area method to completion. This time, we will lecture on the indispensable修正作業 and the criteria for判断 that are necessary to improve the accuracy of the area method.
FX Planner Profile
An investor who continues to profit from the market with outstanding technical analysis and his/her own "area method."
Official blog:https://fxplanner.net/
Two Points That Vary Between People
To review the definition of areas in the area method once more: "The upper bound of the long area is the high price, and the lower bound is the rate at which buyers pushed sellers out of the market." "The upper bound of the short area is the rate at which sellers pushed buyers out, and the lower bound is the low price." The definitions for upper and lower bounds are fixed, but whether 100 people can draw the exact same area is another matter. Since these rates must be judged from the chart, the areas can differ depending on the person.
To leave stable profits in FX, it is important to repeatedly trade according to your own standards. However, if the accuracy of the area is low, profits will not remain even if you repeatedly trade according to that standard. At that time, it is necessary to perform correction to improve accuracy, but how should one determine those corrections?
