The market is not a chart, a chart is a price
The market is not a chart
A chart is price
Price is not a chart
Price is a form
The form is formed by the struggle of price
That very struggle is all there is to Dow Theory’s form
The nature of the market is not investment
The nature of the market is purely a tug-of-war
Tug-of-war and gambling are similar
Gambling simply does not incorporate the long-term results of tug-of-war
Gambling also, when traced back to its origins, is investment-like
The nature of the market is similar to poker
But it is not a game with rules like poker
To win in FX
It requires a mental analysis that is like probabilistic thinking in tug-of-war
An unseen mental analysis is needed
Since the nature of the market is not a chart
In reality you can increase your profits by not looking at the chart and only watching the price
Let’s remove the concepts of win and loss and consider stop-loss
Stop-loss should be allowable if, within a week, the net result is increasing
But if, within a week, the net result is negative, stop-loss cannot be allowed
This also applies to unrealized gains and losses
If you have unrealized gains and it returns, recognizing a take-profit as a form of stop-loss is acceptable
If you can’t recognize stop-loss while in a loss, then you cannot stop-loss
That’s about the gist
In the end, it’s based on the thought of losing or decreasing, which sets a standard
This standard has the side effect of causing uncertain and negative trades
What is needed in tug-of-war is calm
You don’t need to strive for perfection
In tug-of-war,
the chart becomes a hindrance
The reason is that the price bars, especially candlesticks, progress and can lead to negative thinking
However, as time passes, you get results different from that negative analysis
In other words, you put wicks on candlesticks and then come back
and switch to a positive market for you
But if you just watch the price,
you did not consider negative analysis, the market, or the thoughts
In this case, you need to change where you look at the chart
In other words, you stop chasing the chart’s small fluctuations
and pursue only the shape
Since the shape is the struggle of price,
you should view it in Dow Theory form
Dow Theory sums up all traders’ intentions
Even if there is no meaning in it
a certain kind of form exists
If it weren’t traders’ intentions
and simply a chart where banks and hedge funds have joined hands
that analysis itself becomes “material for the tug-of-war,” so the “meaning is fully established”
Traders who profit using technical analysis
are winning because they use technical analysis as material for tug-of-war
Those who are losing are the ones who “use technical analysis itself,” leading to confusion and defeat
