Cara Menentukan Momentum Entry || How to Determine the Entry Momentum
What can we do? If there's changing color watch the trend, key level, and the changing color. I'll give example Let's use the easiest and nearest So you can understand and apply it, let's use the nearest to running For example, watch the trend. The trend goes down There's key level called retracement, support area "You said that when it's rejected 3 times, it means it's rejected by buyer, right?" This is called rejection. This is also a rejection
All the tails are rejection "Is that at 7th?" -Yes. If there's nothing on 7th, see the 6th Since we found it in yesterday, we use the nearest to the running If there's nothing yesterday, slide to the left and find it The main prioritize is the rejection that's nearest to running So, these become an impact that has potential to bounce What I said was it changes color when it's at red's edge and key level then the color changes, here The color changes at the edge. There's rejection below too When the color changes at this strong area there's potential that it'll go up It doesn't mean that it'll go up long. It'll be tested at the retracement
It means we can order buy with the retracement as the target Or we can secure our profit first, say, at this edge There's no problem in closing it earlier. Don't reject the fortune That's a part to be disciplined and profit consistently for a long time Don't wait until it reaches the edge. It's okay if it reaches there If there's correction again, we'll lose it It means we got a profit potential but we reject it and it goes back It means there's buy chance that we don't take If we take it, secure it. If we want to order again, wait for a correction or the next candle "If it's red like this, can we enter?" -It's at a support, don't do it "Is it because it could go down suddenly?" -Yes This could go down strong, because it couldn't go higher And, the time shows that the candle is going to change "8 minutes." -Yes, if the movement is like this with 8 minutes to go
the chance is small for it to go to the edge The chance is small for it to go here "It was green, then it went down, right?" "Now is green again." -If like this, just wait No domination here, except if it becomes thick green, we can buy It's small now. It's going up, but heavy If it's locked there again and unable to reach the retracement then we focus on sell, because it couldn't go higher and the trend is still going down In order to make sure the down power, red must breakout If it's still around there, we just wait until it's really strong For example, the running is strong red If we want to order sell when it's long, wait for a correction What if there's no correction? Wait. Don't enter when it's thick We must be patient in waiting. I also do that
"Sometimes I wonder about the time." -If we try it a lot we'll be able to master it, even the time too Watch the beats and the time Watch the time too. If it's on early minutes, it's usual In the last minutes, when the candle is going to change maybe 5 or 6 minutes if the condition is like this, we can read that it was going up and stopped here, and went back So, seller has a strong pressure there If it's still in this zone, we better wait Make sure to wait until it's stabile and the direction is clear "The red is getting thicker, right?" Yes, but it's still at that area Be careful when it's at this area, let it to be more dominant, down or going back when the candle changes We still don't know the down power yet if it's like this It's going down, but it's still not strong since it's at the support Both have potential. It could bounce up or down breakout Sometimes these things tease us to enter It looks like that it's going to go down We must realize that there's a key level at the left, a support Be careful. Use the support as the test area If we order when the movement is small, we'll be dragged again The movement is small. The red is formed above the support
So, there's still chance for it to go up again It could go up or down because it's still above the support The up is also not strong yet The prove is from these 3 candles, it tried to go up, but it couldn't Then, it tried to go up again and again, yet rejected again And the last formed candle is red The red is still above the support So, we can't do anything for now. No domination, so we wait Although it's buy now, it may go down later Sometimes when it's going up, it goes down first What matters is pass the first 5 minutes. So, we just monitor it It's still 2 minutes. Watch the beats. In PC, it's a bit smaller If in phone, it looks big so we can see the pressures and beats In PC, it's hard to see these kinds of candles It looks small. This is the maximum, we can't zoom in anymore If your screen is 72 inch, maybe it'll be clear Any question related to this analysis? First watch the nearest trend Second, watch the key level Third, make sure that there's trigger to order For example, the color changes and there's another green Then, we can order buy in the next candle. It's in a normal condition Not using the correction of the running We can wait the profit for 2 or 3 candles There are times we get it in 1 candle or more "For example, the candle changes from this red" "This green went up, then down, becomes red, then up again" Which one? "The lowest red." -This one? Yes, it went up and green at first
Then, it's rejected by seller and closed here "When it's like this, it's dangerous to enter, right?" Yes, especially it's at a support "If it's at the support, we can't enter?" -Don't enter If we use normal trigger, color change or candle pattern, we can't enter Even if the volatility isn't high in the running, we can't enter The ups and downs aren't that long, so even if we get profit, it'd be small We better avoid this area. It's safer Support, retracement, or resistance Even if it goes up to the retracement, we can't enter It's better wait for the breakout or bounce and another red appears Any more question? "Is the purple line a resistance?" -It can be a resistance or retracement If our target is only 100, we can use the standard It means the color changes at the support and there's green confirmation we can order in the next candle At least there's 1 confirmation "Should we have 1 confirmation if we do the standard?" -Yes If there's no confirmation, it's still in doubt Except if the tails here, here, and here are long It means the rejection is big, compare it with the volume "If there are 3 small rejections, is it still dangerous?" -Yes What matters is compare the tail with the volume If the volume is small and the tail's length is twice the volume, then it's long So, if there's 3 consecutive rejections like these we don't need a confirmation. When it's down then up again we can order buy when the candle changes "What about 2 long rejections?" -Actually, it's less maximum At least must be 3, except if it's really long It's okay if the candle is small. Long means way longer than the body
It's to make sure that the rejection is strong "What if one is long, and the next one is just a medium length?" If like that, we must wait for the third If only 2 and short, don't enter I'll give an example of the long in line rejections It means repeatedly This is a rejection, one It's long if it's compared to the volume There's rejection here too The maximum is at this end So, when it goes down first then the color changes it's not alone, but it's supported by many rejections If like this, we don't need a confirmation. We can order in the next candle "If confirmation, we must wait for 3 candles, right?" -Yes. If we use confirmation, we order here "It's 2 hours, right?" -Yes, we order in the 3rd hour If there's no rejection, at least there must be 2 of the same color Let's find the example. This one. This has no rejection There's no rejection at the edge, then red suddenly appears There's rejection above, but it's small and meaningless We order after this one It's floating, so apply the risk management If it's still safe, let it stay. Sometimes we must wait for the profit The problem is, sometimes we're wrong too. What matters is we can limit it
If we order here, then the loss runs to up here We can limit it with SL, or place it at the tail's end Determine it like what you want. What matters is not more than 1000 Those numbers are still normal Sometimes we must wait for 1 or 2 hours to get the profit It's okay if we do it the normal way If we don't want normal way, we can use it if the running is strong even on early minutes, it went down directly We can also order in the running price if it's strong When it's square below, we can order buy quickly When there's up correction, we can order sell quickly We don't have to worry of support if we only use the running Focus on the movement if we do the running. It must be trained If like this, we only see that it's turning down then there's changing color at this edge Since the color changes without rejection, we need 1 more candle Then, we order in the next candle, here No long rejections here "If it's long like that, it's a bit dangerous, right?" -Yes, consider it "It means there's chance of sell pressure." -Right So, consider the rejection even at the support and resistance Rejection gives pressure of the opposition "How long is a long rejection?" -At least same as the body length twice of the body is better. For example, this is the body length "It's this green, right?" "We order in the long green, it goes down first, right?" "Then it goes up and there's down correction" "Is the rejection long or short?" We measure the body. I'll give an example
We use this green This is the body length. So, the tail must be the same length If it's long, it must be longer than the body. The tail here is small It means the rejection on this green is very small If the condition is like this, the chance to go up is higher Turns out it goes up around hundreds Why? Maybe because buyer is dominating with small rejection. Seller is there, but not strong So, it went up first and bounced when it reached here There's a key level above, then rejected and bounced Ups and downs. Watch the time if we want to use the running Then, watch the pressure when it's hard to go higher then it's thick, we can use that when it's running We can use it after it couldn't go up higher Since it couldn't go up and starting to be red, we can order sell Or if it already went down to here we can use the correction, order buy when it's at the edge So, we can order buy when it's here If we want to order sell, wait for the up correction It's not certain, but there's correction Based on our experience, I even often oppose like that But, we must have calculate it and the move must be stabile Yesterday, I got 15 dollars profit from 2.0 lot. Why?
Because the pressure to go down was strong It's better to get small profit than being dragged It's for seeing the condition and avoiding big loss We must be careful if we oppose, except if we go the same way Strong one way, then we want to order because the market goes down and the time is near the candle change we can order sell when there's an up correction If there's no correction, reverse it "Usually, there's a fight when the candle is going to change." -Yes Usually it's like that, there's another correction When it's strong, there's correction before it goes down We can't see it now since there's no rejection that's shown below No rejection below, but it goes up suddenly If we're inexperienced, we'd be confused, especially with big lot "That strikes our mental health." -Prepare the psychology If we train and face more market conditions including facing the opposing direction If we can do recovery, we'll get used to it and not surprised If we don't have any simulation Don't just think about accurate analysis We won't be able to find it Nothing is valid, only probability What matters is how we manage loss well, lot, and experience Do it many times until you're relaxed in trading It needs time and a pretty long process We can't just do it in days or weeks because we must learn it There are much theories. You can even google it There are various candlesticks The problem is the practice, we'd have a fever when doing it If we're nervous, we'd have no clue what to do next That'd happen. We'd be confused when the market turns To be continued....
2021-07-18 09:02
