Cara Trading Dengan Chart Pattern Double Bottom || Trading With Double Bottom Chart Pattern
being understand support and resistance will much better to determine entry and exit point please ask if any question!! my name is bu Rosma in this running candle previous candle has strong sell rejection in the contrary, it's bullish that occured why it could happen? because, it is in psychology level this is area of psychology firstly, there is a rejection secondly, it bearish at short range of candle in bearish trendline, it got down and try to push down but it got rejection from buyer till price upper than previous candle before it goes down, there's high buyer at that point so, we must be careful in bearish line and touch psychology level it start to up and quite high however, seller is not quite strong to push price down and got rejection from buyer we can snippet here's the pattern of double bottom when this double bottom pattern breaks out psychology level it will much stronger to up if we found this kind of candle it is named inverted hammer pattern it's not enough to know inverted hammer we must understand the previous structure the history also seller strong could be weak suddenly then, it turns bullish candle after several bearish candle it goes up and got strong upward pressure this coincide with psychology level and has potency to turn up within such condition that's the explanation bu Rosma ok, thank you mister i consider previous candle as benchmark whereas it is in psychology level that's what you must consider there's support and resistance, you must understand and this really clash psychology level is must not parallel some got rejection in that area that is psychology level something like that, bu thank you mr. wijaya well.. any other want to ask?? hallo, my name is mr digdoyo please, your question mr. dig i make buy position in bearish trend but price still goes down what i want to ask is related with price correction if we want to recovery position what we should do? recovery could be done when market fluctuation is strong within normal condition we can make recovery in price around range 250-300 pips but in certain condition when trend is strong and not touch previous price we can take for instance in such condition the price doesn't touch psychology level price we can take buy position, as long as down trend is not long and not break out from level psychology we can see example from previous candle see when the price is down then it goes up but we try to make opposite position we see another example in long candle oftenly, opposite position occurred in such long candle if we make position against trend we must see if any clue for a long rejection for instance, we make position here we against trend for instance what's our based to againts trend? example; level psychology is our consideration we against trend by buying position then we assume, because in psycologhy level then we found rejection so, there is rejection in phycology level then, we assume it is clue to upward i make buy position here however, it doesn't up but down then, when we make a recovery we can make a recovery when seller comes strongly so, when it goes down we should to wait until it's clear that the market is so small sometimes, market not such small. even, 1 candle can be 500 so, in range 300 pips we can make a recovery the position buy or sell? can be both of them so, when it goes down 300 or 250 we can entry buy position when the volume below is thick remember! when it comes thick candle with no rejection we can buy quickly and add more lot it must be tested more and it's not always with such way when we entry buy and add more lots then upward for a while but goes down before get profit; thus, the bigger lot must be saved close position at all if market goes down, we must focus entry sell postion then, if there is correction for upward market we can sell related with your question in range 250-300, we can make recovery either by selling or buying depend on market condition if such thick candle, we can entry buy.
then if there is correction we can entry sell which one is safer? go with the flow is safer when the candle is thick, we wait till correction appear we entry sell position with more lots for sure it will be better we not against the trend but we may take a small chance by buy position when it ups little bit, we close all position even we still loss, but just little bit then we make another recovery, after clue appear what is the clue? the clue is the next candle wait for the next stronger clue candle wait till green candle makes full candle and pass the lowest price of last candle we can entry position in the middle of price then how if we entry sell, but price goes up? if it'is up not more than 250-300 it's not a problem, since we don't against trend in left candle, there's not a clue reversed either so, we focus to sell sometimes it can not be closed in one hour even up to 2 or 3 hours, we have also such esperience if we really used to recovery, we will think how to secure minus position the, we wait next chance therefore, we must entry when the market has long fluctuation at 07,00 pm untill 12.00pm oke, next question /i want to ask about gold's range is there any minimum range of gold when there is no impactful news/ yes, it is. around 1.600 is it always more than 1.000?/ yups. it is average more than 1.000 rarely under 1000 the character of gold is always big range the standard is around 1600-3000 point oke, thank you for the answer anyone else want to ask? /i wanna ask in the running candle there is long tail candle is that a rejection price yes, it is a strong rejection of seller if you want to know that seller comes up see candle in lower time frame in low time frame, we can see detail of long rejection we can see red candle is dominan seller push buyer whether we use bigger time frame so we can not see red candle but just a candle tail actually, this is also transaction it is like statistic of time transaction /oke, thank you for the answer you are welcome any more question? /i am darmandi i want to ask in risk handling and determine target profit how we calculate percentage? is it based on price, lot, or equity? well, i'll explain the answer. please, make attention of it
to limit losses this i mentioned as percentage way to limit losses can be by percentage, pips, or by SnR the easiest way is by percentage make a limit of losses 1 percent, for instance or 2 percent how to make limitation? for example, we have capital $2000 then we make losess limitation only 2% it means, 2% of capital thus, the losses limitation is $40 per each transaction for example, if we entry lot 0,1 then we lost up to $40 it's what we call as loss limitation. we must close position manually or automatically so, in every transaction we must limit the loss this loss percentage is not the same for each person in reality it is 1-2 % so, what we can get if our risk percentage is higher, so potency of profit is higher too if loss limit 20% of $2000 it will be 200$ we limit our loss $200 per transaction then, there is limitation cumulatively cumulative of all transaction may not more than 20% even position buy or sell the accumulative minus may not more than $200 if it's more than 200$, it is hard to recovery it's hard to recovery in normal condition see in your cellphone, at left upside. you can see plus or minus of transaction it will accumulate the transaction if two transaction with plus 20 and minus 10, it means plus 10 ensure not more than 20% of capital each transaction we limit of loss 1-2% is that understood? yes sir, thank you any question else? good evening mr. wijaya/ yes, good evening mrs. susanti i want to ask about break out. how many pips that can be assumed as break out to measure break out depend on thickness of candle this is for instance, here we have psychology level if we take line, it shows strong psychology level in such case, this is not break out since in left candle, there is tail candle there is tail candle that close to break out then, it's not valid break out valid break out happened when, we got long candle so, we can entry after it this is valid, cause at left side is thick and long /if the candle already break out, then we entry at next candle but the price goes up and touch resistance level /if so, do not entry at close price. wait until price goes down and see the pressure if there is up collision, do not entry position to ensure it, must be free of collision the point is we get chance, profit, then close immediately i want to ask one more at this running candle it can not break out phycology level but, it creates long tail so, how we entry well, let me see at this time, there is long rejection but buyer is still dominan so, is it up or down? this is little bit confusing at down we have phycology level at up we have rejection so.. to ensure it goes strong or not
we wait till the candle is full if we entry sell position, it's not quite strong either because we have green candle before see last 3 candle as we tell u it's still dominated green candle though it is under red candle but at down still there is collision it's better to wait until break out if it breaks out, then we can open sell if it's up strongly, we can entry buy we can check retracement to see the strength of bullish if buyer can goes up retracement, then we can open buy if price goes down over psychology, we can entry sell ok, thank you for the attention hope this can be useful for you From many materials presented, hopefully there are a few that can really be understood from dubious market conditions, we better be alert when it's up and break out, we can entry buy when it's down and break out, we can entry sell because market condition is sideways such consolidation, will be continued until there is domination I tend to go up because before it went up although there is a possibility of going down and touching the psychological level the most important thing is how the structure is thank you all friends, hopefully usefu we can continue our discussion at the same time I hope there are no obstacles and, every morning we provide analysis practiced and proven. at night we will discuss again tnak you, good night. and assalamu'alaikum
2021-09-30 21:58
