Step 1: First look at the trend
Step 2: Look for Key Positions
Step 3: Find Entry Signals
Enter, Profit, Close, Leave
Isn't it simple?
Let’s elaborate further below
Step 1: First look at the trend
The state of a market
The big market has only three outcomes: Up, Sideways, Down
What is a big market?
Look at timeframes above 4 hours, such as 4-hour, daily, weekly charts
(My personal habit is to look at 4-hour charts)
Buy in an uptrend
Sell in a downtrend
Do not trade in sideways market
If the current market is in a sideways state
No need to go further down
If it's a one-sided up or down market
Please continue to Step 2: Look for Key Positions
Regardless of whether the market is rising or falling
It will jump like a bouncing ball, level by level, either from bottom to top or from top to bottom, and what we need to do is enter at its jumping position and exit at the next landing point. Finding the precise steps becomes the key.
This is what we call key positions (major support and resistance levels)
(How to accurately find major support and resistance levels, you can look at my previous articles)
Step 3: Look for Signals
Generally, if you find a trend in the larger timeframe, you should look for trading signal entries in the smaller timeframe. Everyone has different strengths in trading strategies; mastering one or two is enough.
More importantly, quickly formulate a trading strategy
- A complete trading strategy includes
(1) Asset - What to trade;
(2) Position Size - How much to hold;
(3) Direction - Long or Short;
(4) Entry Point - At what level to trade;
(5) Stop Loss - When to exit a losing trade
(6) Take Profit - When to exit a profitable trade
(7) Countermeasures - How to deal with unexpected situations;
(8) Post-trade actions - Actions after the trade ends.
Trend + Key Positions + Signals = Successful Trade
I believe you won't lose too badly if you follow the process and develop the strategy before every trade.
Forming good habits, over time, you will notice your shortcomings in the trading process, work hard to change them, and you will succeed!
Follow Dong Ge closely, analyze with precise strategies, and select through massive AI big data investment to keep yourself in an invincible position? The market never lacks opportunities; the question is whether you can seize them. We can only earn more by following experienced and right people!
Continuously follow: ZEREBRO SWARMS DEEP
