My first entry into the trading world was all random. I entered trades because the price 'looked' like it was going to drop or rise, and in the end, I lost. However, when I started learning and using technical analysis tools, the situation changed completely.
Let me share my experience with you 👇
🛠️ The tools that changed my strategy:
1. Bollinger Bands: They helped me understand when the market is in a high volatility state and when the price might touch an upper or lower limit and bounce back.
2. EMA 7 – 50 – 200:
EMA 7: For capturing quick movements.
EMA 50: Gave me a clearer view of the medium trend.
EMA 200: It is the decisive factor for me in determining the overall direction. When the price is above it, I see buying opportunities, and when it is below, I think about selling.
3. MACD: It was like a friend alerting me to a change in direction. The crossover signals between the moving averages saved me more than once from entering late.
4. Stochastic RSI: Teach me the meaning of "patience". When the indicator is in overbought or oversold areas, I started to wait for a confirmation signal before entering.
🎯 The result
The first time I combined these tools, I noticed that my decisions became calmer. I no longer chased the market, and I started to know why I entered the trade and when to exit.
I made a small profit at that time, maybe it was only $25, but the difference is that this profit was with a clear plan, not by chance #BOLLINGER Bands #MACD , #EMA200 #Stochastic# #rsi
✨ Summary: Successful trading is not about knowing all the indicators, but about choosing a few tools that you understand well and making them part of your strategy.