[The Essentials of Entry and the Essentials of Environmental Awareness]
From the contents of both books, there was a good entry point, so I decided to write an article about it.
For major products and currencies that typically have volume, such as USD/JPY or gold, the basic thinking is the same. This time it was BTC.
First, here is the chart when I woke up at 4:30 this morning in the restroom.
From the content of [The Essentials of Environmental Recognition], I thought it might be about time.
Next, well, I thought I would try using the contents of [The Essentials of Entry] on a 1-minute and 15-minute chart at 92,000, so I entered once.
Yes! I firmly hit the stop-out.
But I felt this area might be the place, so I continued monitoring and used [The Essentials of Entry] at the 1-minute and 15-minute levels, and as a result I was able to enter at the following points.
The take profit was set near the horizontal line, but I closed the position after about 19:50, considering there were indicators as well.
If the indicator brought me back to around the full retracement level, I might want to enter again. If I could read the chart.
If not, I would plan to pick up somewhere else next time.
By the way, this might sound like an excuse, or rather it is an excuse, but I also entered short this time.
January 7th. From [The Essentials of Environmental Recognition], I thought, this has high expected value, but the selling time has passed, what should I do, and I entered. I forgot to adjust the lot size, and before I realized it, I was stopped out.
Here are the resulting price movements; well, these things happen, right? Yes, it was an excuse.
For those who read this article and started to pay attention to risk-reward, I think you’re probably winning, as I end this.
Thank you for reading this rough article. If possible, please also check out the two books.
[The Essentials of Environmental Recognition] https://www.gogojungle.co.jp/tools/ebooks/56814
[The Essentials of Entry] https://www.gogojungle.co.jp/tools/ebooks/56814