Most of us suffer from continuous losses and some of us have become desperate due to not making satisfactory profits. In this post, there is a simple example that revives passion and hope for trading to be a good incentive and financial stability that satisfies the person for the time he spends in it.
The first Japanese candles always talk, but we do not understand them or listen to them. What do you think is the reason?
The answer is simple: greed overcomes our will and blinds our eyes from seeing well.
The second thing is our lack of patience to wait for the correct entry.
The third thing is that we always do not use the correct time.
For example, some people, especially beginners, use the minute time frame, which makes them frustrated because they follow the price up and down.
The solution is simply that we must wait for the right time and monitor the price at any point we want and at any point we start.
And something very important, whenever the test is at a certain point, that point becomes very weak and easy to penetrate.
In this picture is a simple example.
The price action reaches a support area, declines, hits a resistance area, and declines.
If we only understand this point
We will dispense with recommendations and become self-reliant.
We also dispense with indicators that always cause us losses.
Conclusion....
Watch the price and its movement to learn when the price is overbought and people tend to sell to take profits.
When do you think the price is right to enter and buy?
And monitor multiple time periods why?
Simply put
Large frames determine the direction of the market, such as the daily frame.
Four hours and the main support and resistance, so if the price touches it, there is a high probability of rebounding.
The hourly frame determines the secondary support and resistance that if the price reaches them, it may decline. There are many support and resistance areas, so we choose the fifteen-minute frame to see how much distance is left between the next support and resistance and whether our entry is correct?
I hope this post was useful to you.
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