You may never win at FX for life
I am a candlestick FX trader.
Yesterday at the Jackson Hole meeting,
there were statements from Fed Chair Powell suggesting a strong rate cut,
which caused U.S. stocks to rise sharply and the dollar/yen to fall sharply.
As you may have seen in various analyses like this,
it is extremely difficult to predict this in advance and trade accordingly.
Many people attempt to build equations from past data and
assume that what worked in the past will also work in the future,
and try to force-fit the future as well.
However, when markets change, these equations can stop working very quickly.
On the other hand, when trying to forecast the future,
no one can know for sure,
and the odds of success are also low.
I myself have tried both approaches many times in the past,
but I never managed to win consistently.
And many people, with one of the above approaches,
are looking at the market, I wonder.
As long as you continue these approaches,
you may never become consistently profitable.
So, what kind of approach did I switch to that started making me win more?
I shifted the focus from the past or the future to the present.
“Now”.
The important thing is“Now”.
“Now”By focusing on the “Now,” I started winning in a way that was strikingly different.
What forms the current price is“Now”the people placing buy and sell orders.
And“Now”order flow determines future prices.
Prices move accordingly.
Therefore, no matter how the market changes,
without forecasting the future, you can simply follow the market and
make profits.
So, I actually do not do anything difficult; I just focus on following the market.
And by doing so calmly, sometimes you can make large profits even without aiming for them.
For example, this is“Trend Scalping FX Logic” trading.
Among the seven logics,
this one is specialized in chasing very large profits.
This one isdiscretionary-freetrading,
so the profits are similar regardless of who trades it.
Total profit was475.4 pips.
We lost once, but then immediately recovered.
In this logic, even if a stop-out occurs,
you bounce back quickly and recover.
Therefore, even if you hold a position that differs from the crowd,
instead of clinging to your own view,
you quickly switch and adjust your position to align with the crowd.
This allows you to keep stop losses shallow and aim for larger profits.
A common trait of losing traders is
that they become obstinate about their own market view and positions.
Who determines prices is the crowd, not you.
It is democracy.
So, if you end up with the wrong position,
quickly realign with the crowd to maintain an advantageous trading stance.
This keeps you consistently in a favorable trading position.
Also, looking at the chart above,
you can see that in a trending market, profits are pursued very aggressively.
No one knows how far a trend will run.
During a trend, traders often forecast and
think it will end at this point and exit,
but such predictions are obviously rarely correct.
When a trend advances, it goes all the way.
The logic here does not involve forecasting trades at all.
It simply follows the market.
And when the crowd begins to exit their positions,
you also exit at that point.
By doing this, as in the chart above, you can capture nearly 300 pips in a single trade.
Additionally, this trend-following method tends to yield large gains in trending markets
but many times leads to a string of losses in ranging markets.
This logic is designed so that it does not produce a string of losses in range markets
and even helps secure profits in ranges.
Therefore, as shown in the chart above,
even in a range after a trend ends,
you will clearly see profits are secured.
You can profit in ranges and, when a large trend emerges, chase profits aggressively with this logic.
That is the kind of logic it is.
In this way,the logic that enables you to trade the above without discretion
「Trend Scalping FX Logic」 becomes
In the future, as summer holidays end and the year-end period approaches,
the markets are prone to move significantly again.
During such times, by trading with a logic that relentlessly pursues profits,
you can aim for substantial gains.
If you want to follow market participants and pursue large profits,
please take a look at this.