I should have taken a break today, but my kids are doing homework on Saturday, so I won't be online tomorrow. I will continue trading in the trading room today.
The first time I paid attention to this was at 1:30 pm. I checked the K-line chart. The K-line on the left, from the shape, broke through the previous high point. If I operated, the stop loss would be easy to set, so I bought directly. After buying, I stretched it immediately. Until the second yellow line, it was a pressure zone in the four hours. You can compare it yourself. Just draw a parallel line. The first time I encountered the four-hour pressure line, I closed all my positions. Respect the main force.
The second time was in the retracement channel, the pullback, the yellow is EMA20, I have tested this, the best matching parameter for 15-minute short-term trading is EMA20, you can set it yourself, test the effectiveness, especially for our leading tactics to do strong currencies, a wave of small and medium-sized market development, will climb up along EMA20, of course, will step back. There is a step back, then pull back, the first one is not done, the second one stands on the yellow line, decisively enter the market again, the stop loss range is small, from my time-sharing operation, you can see that I first took a part of the position, because I don’t want to let the previous money-making lose it casually, after buying in, I made money, and then added it in. Then there was a big positive column, I didn’t dare to enter at this time, waited for a negative line, and then a positive line, and continued to add. Of course, the stop loss followed. Then it is the current situation. Two gains of about 10%, caught, I used one-third of the position, no more than four currencies, limited energy. Limited ability. Each currency only occupies one-third of the margin, not all studs to one currency. Even though you don’t have much money, once you have a gambling mentality, no matter how much you earn, it will all be a pipe dream.
Now the price still hasn't stabilized at the first high point, and the price hasn't been sustained, so I will reduce my position to lock in the profit, and then put the stop loss a little above the entry price. That's still making money.
This uses Alston price behavior, Kennett channel trading strategy, volume distribution, robot monitoring and other methods.
1. For a currency that will not change direction at will (of course, more importantly, our robot has added a lot of algorithms, with sufficient trading volume, position and trading volume), after the first quick retracement confirmation, a second transaction was made. Many novice friends may short sell, which is not acceptable.
2. After a period of market retracement and reversal, a big positive or negative line is not enough to indicate that the main force has fled. You must wait for the second continuation. Don't rush to follow the trend, otherwise you will die miserably.
The channel above is the Kennet channel, which is available on Binance. You can search for it. The distance below needs to be changed. The default value of Binance is 1, which needs to be changed to 2. The internationally accepted value is 2. This indicator is unpopular and basically no one uses it, but I have used it for many years and it is very good. I would like to share it here.
There are two methods. The first is to follow the breakout track, and the second is to follow the yellow line. In short, it is right-side trading. It is easy to make a stop loss. My philosophy is to put capital withdrawal first and profit second. How much I earn is how much the market gives me. I don't make too many predictions.
I am very resistant to analyzing and ambushing currencies. I started out as a short-term trader and I know the importance of time. Don’t tell me that time can be traded for space. Even Mr. Buffett doesn’t agree with that. Let the robot monitor the currencies, cooperate with the buying and selling strategies, buy the leading stocks within the day, and the funds will be raised quickly. Especially for our small funds, being the leading stock is the fastest and most direct way.
Of course, if you buy the right stocks, you should keep them and don’t get on the train easily. Keep moving the stop loss up and use the stop loss instead of the take profit. It is not easy to sell them. Although I still sold REEF in this wave, I held on to CKB and Saga, but I also cleared all my positions today.
I personally do not recommend that novices add to their positions with floating profits. Although they can make money quickly, a pullback will wipe out your position, and if you lose your cost advantage, you will not be able to hold on to the order. So I will not talk about adding to your positions with floating profits in the future. I have also studied the adding of positions by futures and foreign exchange experts for many years. But the key is to have a big bull market. It does not count now. I have also studied the floating profit rolling of fat otaku, Banmuxia and others, which is the same principle. But I do not advocate the mentality of novice players to eat fat in one go. Steady and steady is the kingly way. Rolling positions and adding to floating profits will not be done well without three to five years. One failure will be gone. Of course, I am not very knowledgeable, so don't criticize me if you are a big V who is good at rolling positions. I am just expressing my feelings and I am not very good at it.
I won't take screenshots of the profit and loss of positions. If there are too many, it will be annoying for everyone to see, and if there are too few, it will be embarrassing. I mainly share the trading ideas. You can refer to the two pictures above and see what you would do if it were you.
If it is useful to you, please like and follow me. I will continue to do it every day. I am not very knowledgeable, so please give me more advice!
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