Strategi Trading Trendline Akurat || Accurate Trendline Trading Strategy
There's down trend. There's up correction, only temporary We aim to sell, but the sell must appear, at least 2 Good morning, sir If you're still busy, we can continue later Don't let this disturb our main activity To start this, let's go the analysis that I uploaded before Let's discuss it a bit at least it's for proving the analysis result "In the Wijaya Trading class, right?" -Yes, the last one I uploaded I'll analyze before we go to the topic In order to read the chance of where it's going watch the trend first First is determine the trend We're in technical, which is related to candlestick analysis First thing we do before we order don't the steps. First, watch the trend Trend depends on our trading type If we do long-term trading, watch the trend in high time frame If we do short-term trading, watch the nearest from running Follow the dominating one, the trend "If we do daily, it means it must be done in a day, right?" -Yes "I tried to let it stay overnight, but I couldn't sleep well" "It disturbed me. It revolved in my mind" "Although the position is still profit" "I couldn't sleep when I remember that" -It's certain "I already placed the SL and TP, but it still disturbed me." Yes. It keeps haunting our mind
We're afraid of losing and bankrupt "Although it was profit, it was reducing. So, what's my type?" I think you the fast trading. It must be cleared before we leave it Like what I uploaded 2 days ago After we enter, make sure to exit soon Whatever the condition, apply the risk management and the steps of how to order So, if we tend to do the fast trading the main thing to watch is the running price In the running price, there's beats of the ups and downs. Learn that
If we mastered this, we can enter in a short time Let people do it from morning to morning and else If it suits them, let them do it We must have our own principle and benchmark Different style mean different decision taking and analysis If we like to move fast, learn the running price Watch each movement and momentum. Get some experience there Don't forget about the volatility too If it's small, don't enter. Don't enter if the move and beat is slow The speed can be seen from the formed candle If the candle is getting thicker, higher or lower Higher volatility means higher chance of profit Surely you must have much experience About volatility, when the market goes up, we can order When the market goes down, we can order too Both have chances. The technique is like what we said yesterday If you want to order buy, make sure that there's a correction If it's full like this, we can oppose with sell quickly Surely we must see the pressure and shakings "We watch the running in an hourly time frame, right?" -Yes We can also use M15 for comparison Do that so you're used in using H1 If we're used to it, reading candle thickness would be easy If we keep changing H1 to M15, the candle looks big, but we only get small profit We'd think that it's long, but it's small so it turns again So, we use H1 as our main M15 is just getting more information, but we must go back to H1 But, we don't just learn about the beats It's okay to read the general way to see the potential, say, up So, we wait for the momentum to go up, because it can be a correction For example, the general direction is going down At least we know that there's potential for it to continue to go down But, it goes up, like this. So, we still focus on sell
but the retrace area mustn't be breached, still moving around the retracement Then, we order sell when it can't go higher and starting to be rejected This is a technique. So, when it goes down, we order sell here When it can't go higher and go down, we order sell here The trend is still going down. The up move is just a correction Our purpose is sell, but it must appear and in line at least 2. One, then there's another red volume, we can sell This is a way to order "Is the trend based on the daily or last few days?" No, we watch the nearest from the running Not just how many candles Nearest doesn't have a standard measurement We must watch it visually. This, for example "It means we watch the running" -The running is here It's 8th of July. The running is here now If we do quick move, like we showed in the previous videos we can't use it. The volatility isn't fast
So, we can use the normal method For example, by the trend, it's still going down "It means after we open the chart, we see the today's date, which is 8th?" It's if the structure is formed. If it's still in the morning, see the yesterday If it's still in the morning, see the yesterday and find the trend "Where is it?" -I'll show the date too If it's still in the morning, we don't know the future yet "Normally, we wake up at 7 or 8 a.m" 8 a.m is here. There are 3 candles here
"Which one?" -This. The dotted lines The future means the next candles haven't formed yet So, we only focus on the 8 a.m candle So, the running candle is here We can't only use these 2 as reference, we won't find it Except if these 2 are long reds, then it'd be a different story Now. The 2 candles are small Meanwhile, the yesterday went ups and downs So, the nearest still has no trend yet But, if we draw a line from this green, then down to here Then, it goes up again. It's like this It means, if we watch the formed structure there's an up trend We can see that from this edge, then it's closed here and aiming up Then, the last closed candle is still aiming up It's going up. If we draw it like this, we can see it
First, the structure has been formed Second, don't forget about key levels The first key level is support and resistance Then, there's retracement area It's mandatory. If it's near this and bounce, there's chance of reversal Let's go back to the chart. We found the trend The trend goes up Next, the limit, the highest is here This is the area to test the up power If it can't breakout, then there's chance of reversal "I usually place it at the top of the tail, sir" -It's fine "Is it too far?" Why we place it here? Because it moves slowly Watch the closest from the running. It's only this big We can place it here too. But if here, it touches many of them Many touched tails here More touches here, even though the maximum is here Do it gradually. So, we use this for the impact at first
Then, let's see the next ones. Is it going up or not? If it can't go up and the structure goes down, we focus on sell Let's slide slowly. We can't order here. Reds and greens No trigger for us to order yet Let's slide again Watch. Turns out this edge is the highest one Not above there, but here, because this green can't go higher Turns out it's closed here The next candle tries to go up again Watch the process of the candle forming It went up first. There's a small tail above Yet again, it couldn't touch the above one and rejected down "It means we can draw a resistance line again, right?" "Since it couldn't touch the highest, can we draw another line?" Yes. This is the closest. So, we draw a again This is the maximum, which is it couldn't be touched It means we can lower it to here because it's lower, not higher. If higher, then we place it higher too
Watch the movement below Although it goes up, but since there's many rejections, we can draw a line here Many rejections, so I use this as the support I place the line at an area that touches many rejections "Touch means the tails, right?" -Yes If it goes down later, we slide it too. But, it's here for now Remember, all of them bounced when they reached here I mean the previous So, this is the nearest support Turns out it goes down and breakout If it breakouts this area we can order sell after that, following this Why? Because the breakout is strong with no strong rejection Then, there's a support here. There's a space This space is enough for us to take profit It's still enough. When the candle changes, there's around 200 space
It means there's chance to order and get profit "For example, the position is long like this" "The tails are small" "Should we order when it's running?" -No, after the running "We can't order now, then?" -No, we can't It's not a breakout yet if it's still running To be continued....
2021-07-14 20:37
