Winning or losing a trade depends on your state of mind
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(DXY chart)
The 102.034-105.873 section is a volatility section, and depending on which direction you deviate from this section, the movement of the investment market is expected to change.
Therefore, if it falls below 102.034, the investment market is expected to revitalize.
Otherwise, if it rises above 105.873, the investment market is likely to enter a recession.
Where do you think DXY is heading right now?
My thoughts are that I don't know the direction yet, but I think it's right.
I believe that investment and trading are determined to fail even before investing or trading according to one's psychological state.
The moment you invest or trade with a nervous mind or excitement, you will suffer from more psychological conflicts, so there is a high possibility that you will not get a big return or the transaction will fail in the end.
So, if your mind is currently in a state of nervousness, anxiety, excitement, etc., you should stop trading and observe the situation.
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(SPX500USD chart)
Looking at the 1D chart, it shows a rise to the resistance area of 4255.2-4310.8.
Therefore, the key is whether or not you can ascend with support in this section.
Looking at the 1M chart, the HA-High indicator on the 1M chart is long at 4419.8.
Therefore, it is necessary to check whether it is supported in the 4310.8-4588.6 section.
"So, what are you going to do?" you may ask.
You yourself already know the answer.
As I said in the description of the DXY chart, you have already made your own conclusions.
However, it is only a state in which it has not been decided whether to proceed with the current transaction or to wait according to the decision.
why? I would like you to think about whether you wrote down the 4255.2-4310.8 section as a resistance section.
The biggest reason I said it was a resistance zone is because I think that if it rises above this zone, it is highly likely to surge.
The reason why it is likely to surge is because it touched this section in August 2022, the previous high, and showed a decline.
Therefore, if it rises above this range, it is highly likely that you will proceed with the purchase without checking whether it is supported.
(1D chart)
(1W chart)
(1M chart)
Therefore, when looking at charts, you should look at the 1M chart first, then the 1W chart, then the 1D chart, not the 1D chart and then the 1M chart.
That way, you will be able to hold the overall picture of the chart in your mind, which will help you prevent your psychology from being shaken by small waves.
However, most of them don't do that, and by looking at the time frame chart they are trading first, their psychological state is agitated by small fluctuations even before making a trading strategy, so there is a high possibility of making a trading strategy in the wrong direction.
So, regardless of your investment style, that is, the investment period, you are shaken by small fluctuations, so you are sensitive to the current movement even though it is a mid- to long-term investment.
In the case of day tradng or short-term trading, there is no need to see a big trend.
If you plan to conduct day trading or short-term trading, but create a trading strategy based on the big trend, there is a possibility that you may not be able to stop loss when you should stop or sell when you need to split.
This is the cause of fatal mistakes when conducting day trading or short-term trading.
Therefore, you should create a trading strategy based on your own investment style, i.e. a time frame chart that fits your investment period.
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(NAS100USD chart)
It is approaching the 14710.6-15090.3 area, an important support and resistance zone.
Therefore, the key is whether you can ascend to this section and be supported.
Looking at the 1M chart, you can see why the 14710.6-15090.3 area is an important support and resistance zone.
As you approach what I'm talking about as this important segment, those waiting to trade are likely to be in a very excited state.
Because, once it rises above this important range, you start to think that you can get a bigger return by buying it at a lower price because you think it's likely to show a big uptrend.
Therefore, there may be cases in which you proceed to buy before you can confirm whether you are supported or resisted by rising to the important zone, that is, the support and resistance zone.
It is tedious to check whether you are supported or resisted, and since psychological agitation occurs hundreds of times a day, your psychological burden will increase enormously.
This increase in psychological burden makes it impossible to wait until it rises, which is the main cause of not obtaining large profits or increasing losses.
Therefore, you must check whether you are supported or resisted by entering the important section where you must check the support and resistance section.
Even if you buy at a higher price, if your psychological state is stable, you can get a bigger profit when you see a big rise.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(DXY chart)
The 102.034-105.873 section is a volatility section, and depending on which direction you deviate from this section, the movement of the investment market is expected to change.
Therefore, if it falls below 102.034, the investment market is expected to revitalize.
Otherwise, if it rises above 105.873, the investment market is likely to enter a recession.
Where do you think DXY is heading right now?
My thoughts are that I don't know the direction yet, but I think it's right.
I believe that investment and trading are determined to fail even before investing or trading according to one's psychological state.
The moment you invest or trade with a nervous mind or excitement, you will suffer from more psychological conflicts, so there is a high possibility that you will not get a big return or the transaction will fail in the end.
So, if your mind is currently in a state of nervousness, anxiety, excitement, etc., you should stop trading and observe the situation.
----------------------------------------------
(SPX500USD chart)
Looking at the 1D chart, it shows a rise to the resistance area of 4255.2-4310.8.
Therefore, the key is whether or not you can ascend with support in this section.
Looking at the 1M chart, the HA-High indicator on the 1M chart is long at 4419.8.
Therefore, it is necessary to check whether it is supported in the 4310.8-4588.6 section.
"So, what are you going to do?" you may ask.
You yourself already know the answer.
As I said in the description of the DXY chart, you have already made your own conclusions.
However, it is only a state in which it has not been decided whether to proceed with the current transaction or to wait according to the decision.
why? I would like you to think about whether you wrote down the 4255.2-4310.8 section as a resistance section.
The biggest reason I said it was a resistance zone is because I think that if it rises above this zone, it is highly likely to surge.
The reason why it is likely to surge is because it touched this section in August 2022, the previous high, and showed a decline.
Therefore, if it rises above this range, it is highly likely that you will proceed with the purchase without checking whether it is supported.
(1D chart)
(1W chart)
(1M chart)
Therefore, when looking at charts, you should look at the 1M chart first, then the 1W chart, then the 1D chart, not the 1D chart and then the 1M chart.
That way, you will be able to hold the overall picture of the chart in your mind, which will help you prevent your psychology from being shaken by small waves.
However, most of them don't do that, and by looking at the time frame chart they are trading first, their psychological state is agitated by small fluctuations even before making a trading strategy, so there is a high possibility of making a trading strategy in the wrong direction.
So, regardless of your investment style, that is, the investment period, you are shaken by small fluctuations, so you are sensitive to the current movement even though it is a mid- to long-term investment.
In the case of day tradng or short-term trading, there is no need to see a big trend.
If you plan to conduct day trading or short-term trading, but create a trading strategy based on the big trend, there is a possibility that you may not be able to stop loss when you should stop or sell when you need to split.
This is the cause of fatal mistakes when conducting day trading or short-term trading.
Therefore, you should create a trading strategy based on your own investment style, i.e. a time frame chart that fits your investment period.
-------------------------------------------------- ------------------
(NAS100USD chart)
It is approaching the 14710.6-15090.3 area, an important support and resistance zone.
Therefore, the key is whether you can ascend to this section and be supported.
Looking at the 1M chart, you can see why the 14710.6-15090.3 area is an important support and resistance zone.
As you approach what I'm talking about as this important segment, those waiting to trade are likely to be in a very excited state.
Because, once it rises above this important range, you start to think that you can get a bigger return by buying it at a lower price because you think it's likely to show a big uptrend.
Therefore, there may be cases in which you proceed to buy before you can confirm whether you are supported or resisted by rising to the important zone, that is, the support and resistance zone.
It is tedious to check whether you are supported or resisted, and since psychological agitation occurs hundreds of times a day, your psychological burden will increase enormously.
This increase in psychological burden makes it impossible to wait until it rises, which is the main cause of not obtaining large profits or increasing losses.
Therefore, you must check whether you are supported or resisted by entering the important section where you must check the support and resistance section.
Even if you buy at a higher price, if your psychological state is stable, you can get a bigger profit when you see a big rise.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
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