Look here if you are new to the circle
It is difficult to make money by trading in the currency circle, but it is also simple. It only takes 3 steps.
The first step: look at the trend first
For the state of a market, there are only three results: rising, sideways, and falling. What is a big market? Look at the cycle chart of more than 4 hours. For example, 4 hours, daily lines, and weekly lines (my personal habit is to look at 4 hours). If it rises, you should go long, if it falls, you should go short, and if it goes sideways, you don’t need to do anything. If the current market is sideways, you don’t need to go down. Go what you should do!
The second step: Find the key position
Whether the market is rising or falling, it will jump from bottom to top or from top to bottom one by one like a bouncing ball, and what we have to do is to enter the market at the position where it jumps and leave the market at the next landing point. How to find the precise steps becomes the key.
At this time, we need to look at the main support and pressure levels.
The purpose of finding the key position is to identify which stage the current market is in, is it the early stage? The middle stage? Or the end stage? Does the target position meet your profit and loss ratio. No one wants to lose money. If the profit and loss ratio is less than or equal to 1:1 (lose only 1 yuan, win only 1 yuan), then take a break! At least it must be greater than 1:1, such as 1:1.5, then it is necessary to participate, lose only 1 yuan, win 1.5 yuan.
Step 3: Find signals
Generally, if you find the market in the big cycle, you have to go to the small cycle to find trading signals to enter the market. Everyone is good at different tactics. Some are good at AK47, some are good at M5, some are good at pistols, and some are good at sniper rifles. Even if you are a master of all kinds of weapons, you can't bring them all to the battlefield. So it's enough to master one or two tactics.
Some people are good at looking at moving averages, some are good at trend lines, some are good at MACD, some are good at Bollinger Bands, some are good at RSI, some are good at KDJ, and some are good at naked K. All of these are fine, as long as you find the right entry signal, they are all right.
If you think it's useful, please help An Ge to follow~
