Only those who have played contracts for a few years know the logic behind them can write such indicators. It can be said to be the most stable and powerful indicator at present. The usage is very simple: open a position when a signal appears, place the stop loss below the signal candle, and take profit can be set when a reverse signal occurs or according to personal preference.
June 20th ETH Short Position Bearish signal appears in 5 minutes We can enter a short position at this time, or wait for the next candlestick to break the lowest point of the signal candlestick at 2515 for a higher certainty, Set the stop loss at the highest point of the third candlestick after the signal candlestick at 2523 Or set it at the previous high of 2530 Take profit at 2588 or 2503, first close half
June 20 is How to use this indicator to place an order tutorial: Step 1: Look at the 1-hour candlestick chart for a bearish signal, then only go short, Step 2: When you come to the 5-minute candlestick chart and see a bullish signal, wait for a bearish signal to enter the market. Stop loss setting: The stop loss point is the highest point of the third candlestick back from the candlestick that shows the signal. Currently, the stop loss point for the 1-hour is 2536. If it exceeds 2536, it indicates that the bearish trend is no longer valid. However, when there is a bearish signal on the 5-minute chart, set the stop loss at the 5-minute level at the highest point of the third candlestick back from the signal candlestick. Take profit can be set at the previous low point of the 1-hour chart at 2483. Summary: Currently, although the 1-hour chart shows a bearish signal, the real-time trend is in a sideways market. We should not rush to short; wait for a bearish signal on the 5-minute chart before going short. If the price breaks above 2536, the 1-hour stop loss indicates that the 1-hour may trend bullish or continue to oscillate. Wait for a bullish signal on the 1-hour chart, then look for a bullish signal on the 5-minute chart to enter, following the major trend and being cautious against minor trends. Order placement experience supplement: Orders must follow the trend to have certainty and consistency. Look at the 1-hour trend and then enter on the 5-minute chart. Look at the 4-hour trend and enter on the 15-minute chart. Look at the daily chart and enter on the 4-hour chart.
The currently strongest trend indicator, adaptable to any level, accurately capturing every trend, helping every spot contract trader achieve financial freedom as soon as possible, with customized indicator strategies.
ETH Future Contract Strategy for the Next Two Months
From the weekly perspective, on October 26, 2023, there was a strong surge of 63%, peaking at 4098.6. It then retraced and rebounded to a secondary high of 3775, before declining to 2234.2, and then strongly rebounding to create the year's highest point at 4109.99, overall presenting a pattern of rapid large rises and falls in consolidation.
Subsequently, the price quickly exited a narrow downward channel, dropping to the year's lowest point of 1384. After absorbing liquidity, it rebounded for six consecutive weekly candles, returning to the previous consolidation range. On the surface, this appears to be a strong bullish trend, but from the annual high of 4109.9 to the low of 1384, this movement is actually a strong decline. The current six weekly candle rebounds are merely the first retracement; in price action analysis, such rebounds have about an 80% chance of failing.
Additionally, this rebound has left a significant gap that needs to be filled, with a key resistance level at 2860, while the outlook remains bearish below. In the short term, attention can be given to the 1-hour level support at 2630; if it breaks below 2630, then switch to the 5-15 minute level to seek short positions on rebounds, targeting 2450, with a stop loss at 2650. As long as it stays below 2630, maintain a bearish outlook; if the price breaks below 2450 with weak rebound, continue the small cycle bearish trend, taking profits at 2240-2000, with a stop loss at 2450-2490.
If the price breaks above 2860.9 on the 4-12 hour level, this strategy becomes invalid, and long positions can be considered, but it is necessary to wait for a retracement before entering to avoid false breakouts.
The above is a personal strategy for reference only.
Last night, I revisited the ICT strategy and price action, gaining a deeper understanding of entry and stop-loss/profit-taking. These methods are indeed very practical for day trading. However, now after watching the market for two hours, I already feel tired and no longer have the enthusiasm of placing dozens of trades in a day like when I first started with contracts!
#币安AlphaSUI生态交易竞赛 wants to give these two a try, but unfortunately, after opening 6 contracts, there is really no money to transfer over. Are there any seasoned players who can help with brushing points? What is the correct way to brush?