Only by incorporating scalping, day trading, and swing trading can one judge the market universally.
In a 5-minute chart you cannot understand the overall market
The 5-minute chart is quite valuable for honing discretionary trading, but
Ultimately, that’s because it’s the textbook-like movement of a noise market or technical market
The real market tends to be influenced by day trading and swing trading
Markets that can’t be realized on the 5-minute chart are
In order
When you look at the 30-minute chart, the market is moving as it should
When you look at the 4-hour chart, it has been moving in line with the trend
Speaking as a key basis of timeframes, or a control criterion,
If you don’t align with such universal market judgments, you won’t be able to keep up
But the market doesn’t always move according to that standard
As you increase time, you become more specialized in the 5-minute chart
It becomes easier to exclude information besides the 5-minute chart, leading to more clear-eyed deception
In line with textbook market behavior, losses and profits can be easily made
Probably, regardless of how long you’ve traded or what kind of trader you are, it’s easy to make
But in markets that aren’t like that, you suddenly start losing
Because everyone profits in those markets
This is the same for hourly traders
Because they don’t incorporate elements like swing trading
The final amount lost can be enormous and varied
Such ten-to-one or diverse scenes cause you to underestimate timeframes
They are created by the complex psychological states of traders as the market forms
So they are produced
Thus
Trading recognition that includes scalping, day trading, and swing perspectives
If you want to judge the market universally, you should definitely adopt this.
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