Usage of the “Visualization Indicator” (Part 12)

Application of the "Visualization Indicator" (Part12)

"8CPVisualization Indicator"LondonEditionforGBPJPY2021charting.

The top half isGBPJPY’s15-minute chart, while the bottom half shows the “Visualization Indicator”LondonEdition.The period is year10 month 4 (Mon) to10 month 8(Fri).

In the “Visualization Indicator,” the graph drawn with orange thick lines corresponds to GBPJPY.GBPJPY.

From Wednesday to Thursday, the overall graph converged (the part drawn with the green line in the figure above).

This waiting for convergence is very important. Once all graphs are in a converged state, during the subsequent expansion stage (upward or downward), you can aim for profits.

In other words,8th graph spreading indicates you should not trade. In trading, waiting for the opportunity is crucial.

If you bought GBPJPY on Thursday—entry,you can easily gain about130 PIPs of profit.

“8CPVisualization Indicator”Basic procedure is

(1)Wait for convergence

(2)Enter on the currency pair that breaks through the chart group

(3)Enter in the direction of the breakout

That’s all.