Waktu Yang Tepat Untuk Trading
|| PREVIEW || Usually the market is crowded at night, because there are 2 markets that meet So, Europe and America meet there Why? Because they are big players The average money market movers are America and Europe In Indonesia, American market opens around 7 p.m - 3 a.m For Europe, it's around 2 p.m - 10 p.m The most crowded market is when these 2 meet So, they meet at 7 p.m - 10 p.m. That is the peak That's why many traders work at night because the big markets meet and it'll move more clearly It means there are many chances. Really fast ups and downs So, it's pretty easy for a sniper and scalper to take chances there However, morning doesn't mean quiet It depends on our trading style. If we like it slow, do it in the morning
But, we'd wait longer If you're patient and you like it, then do it Nothing wrong in entering the morning market, the Asia market That's what we can say First, develop the trading technique, including the reading method Then, control the emotion, don't be hurried Then, control the profit, don't take too much And surely you must be disciplined. If we already get the profit Say, our target is 2000 dollars a day If the profit is near or slightly more, stop and don't enter again There's still tomorrow "So, is 10 pips profit per transaction good?" It's good, and it's easy to get If we take too far, it'd be long-term trading Per transaction, we can take 10 pips If we use my broker, it means 100 pips I usually do this. So, if the lot is 0.5, we take 50 dollars, then close it If we use 0.25, then the profit is 25 dollars
If the lot is 1.25, then it's 125, sometimes 130 dollars If we do it 5 times, it's more than enough If we take too high, say, 20-30, it could be not touched except if the market is crowded. If the market is not strong sometimes getting 10 takes a long time But, if only 10, usually we can get it Like what I said, if we use my broker, it's 100 pips. It's easy to get it So, if we need 1000 pips a day, or 100 for you Divide it with the target for each close profit If the target is 100, then we only need 10 transactions a day But, we don't always get 100 in every transaction There are times we get more, maybe 15 or 20 because sometimes the market moves fast After we order, sometimes we get much profit immediately That's the way. Don't forget to use the stabile lots Try the lots and find what suits you in getting the target easier then you can control and solve if it goes the other way Lot is important. Then, risk limit. We must prepare it all
We don't have to use stop loss, but we must limit the risk If we don't use stop loss, make sure to exit from there, don't leave it Make sure to clear it first if we want to leave the chart That's the answer. Is there any question? "If it's a down trend and we have a buy, should we close it?" Depends on the condition If there's still chance to get back up. This for example The trend still goes up strong. It's still in the correction area and the above is still not more than 800 or 80 pips we can leave it at first If it moves long, we can close and add more below When we close it, the durability starts to go back again If we keep leaving it, it'd be hard to go back there We'll have a long minus If like this, I usually cover it again below. I buy again here
Wait until there's correction up. This buy's loss is reduced Then, if the total loss is reduced, we can close them all Or, we have sell 0.5. So, we sell 1.0 below Turns out this goes down strong. This has big profit, so close it
We secure it because the lot is big and there's chance of up correction When we close this one, the profit is good. When do we close this one? When there's correction When there's up correction, don't wait until it touches the order spot Make sure to close when there's strong correction. That's the way At least it helps to reduce the loss If we're wrong, think about the way to reduce the loss If it's reduced and clear, we find another chance This chance that will cover it Surely the chance must fulfill the criteria we created It's hard to explain because we quick trading The basic of quick trading is the running When it's down strong, we order buy and use the correction When there's up correction from a strong down When it was thick then there's correction It's hard to go up further, so we can order sell here Our target is nearing the bottom spot Maybe not even reaching there, we already close our order This is logic games and adjusting to the market condition adjusting to the price fluctuation, and our style We can use the ups and downs, as long as we're experienced The basic on the running is not support and resistance candle pattern, or key levels, but only the each movement Watch the beats. And it needs time Why we can close profit in a candle although we got a loss at first? Because we like playing on the running area. This must be trained I rarely use requirements, like, there's buyer at the support so we wait for a confirmation. I rarely use that. It takes a long time
It's not that effective for me It all depends on our character, and what's our trading style We can try it all. So, explore it all when you're training Explore the potential. You can use bigger lot when there's chance We can also use bigger lot to do recovery if we're wrong This must be really trained Hone the skills. If we don't train it, it'd be hard to control it
We tend to use bigger lot and take smaller pips because the result is maximum It's different if we use small lot In order to get the maximum, we must order many times Second, we must have much budget. It's if we use small lot surely the risk is also small. Big lot means big risk So, train it until it's maximum How to use lot and chance? When we're wrong, we must be prepared with a simulation We must be ready to do a recovery Our budget won't run out if we master risk management Don't leave it alone. The market won't move quickly in seconds except if there's high impact news When there's news schedule, read it So, our chance of drowning there is small If the condition is normal, market won't move quick in seconds It's always gradual. So, we can think and do risk limiting
For example, even a long market always started by clues first For example, it's going down Before it goes down, it's started by rejections Then, red is starting to appear Then, there's candles that are below it. If we see it visually The candles stairs are descending So, it's not long in a sudden. It's always gradual If it's like this, we can think to do recovery or cut loss earlier This long green is a high impact news You can look at the news schedule on forexfactory.com We know that it was a news because we monitored it before Watch when it's going to go down. -"I'd like to ask, sir." "In the last green, there's a long rejection, right?" -Yes "We can order sell there, right?" "You said order sell and close it after we get 10 pips profit."
"But, it's still going down. After we get 10 pips, when do we enter again to use that moment?" Wait until it's done. Or if we use the running, watch the movement If it's down to here, we can use buy, or we can use the correction Correction is when it's thick down and there's no tail We can use it quickly "Is it marubozu?" -Yes, but it's still running, not done yet The candle still moves strong, thick without tail If there's tail, it'd be a different story When it's long, use it to take small profit We usually do that although our target is around 10-15 pips What matters is use it in seconds and done If you don't know the running technique, wait until it's done For example, it's formed like this. Will it go down or up? Watch. There's a support here and it can't be breakout There's also a resistance above here It's in the middle. So, there's always ups and downs here
This condition means there's no dominating one So, we wait until there's a clearer one What's the clearer one? We can draw a line on an area that has many rejections Draw a line where there are many rejections When there's breakout, we follow it If it goes up and breakout, we order buy and vice versa Now, it breakouts and we order sell here. Turns out it goes up This red breakouts, so we order sell here Before it's up, it went down first If we only take 10 or 100 pips, we can get it. This is 163 or 16.3 pips Let's assume that we haven't closed it yet then where should we limit our loss? Watch the left. We sell, so we lose if it goes up
It means at the resistance. Since it hasn't moved, watch the left There's a rejection here Measure from the order spot It's 300. We can raise it to 400-500 Place the stop loss here Place the SL at 1889.88, here Where's the profit? Find the closest rejection or 100 pips Watch the left. There are rejections. First is here. The second is here
Let's pick a different color. Yellow The first one is breached, so the target is the below one, here The target is here. If we want to be quicker, we can close manually Nothing wrong in inputting numbers too it's for covering us if we can't close manually Place the TP here Turns out after it goes down, the TP is not touched. Then it goes up
But, our stop loss above is not touched too After 4 hours, our TP is touched Our TP is touched in 4 hours. But, we can close manually here It's 173. So, if our target is 10 or 100 pips, we can get it That's the way. Whatever we do, always consider the risk Up or down, if we already prepared it all, it won't be a problem What matters is the ending is still profit Any more question? so you can try it better. What matters is you have an overview There are signs that we know, so we don't do it randomly Not randomly, but there's basic It's like that. Any question?
"Not yet, sir." -Please try it and consider about what we said Get used to use measured and stabile lot then limit the loss. Don't go too close or far. Use the closest support and resistance The distance is around 400-800. If the closest is around 400-500 Same as the reading way. If the condition is still unclear uncertain, and hard to find our requirements we better wait for the next chance Even if it's not found, wait again. There's always 1 in a day
If our daily target is not fulfilled, then how? Target doesn't have to be always achieved. Watch the condition If there's no possibility, don't force yourself, especially in sideways Don't force to enter in an uncooperative condition because surely we'll be trapped in a long floating If we're trapped in a long floating, we'll carry more burden Whatever activity we're doing, surely that'll revolve in our mind I hope we do healthy trading, considered the profit and loss anticipate well and prepared the simulation So, whether the order goes the same way with the order or not Thanks for the time ma'am Train more and consult it with me If there's doubt, you can ask it and discuss it with me Thanks for the class. We'll continue next time And if there's difficulties, don't be afraid to ask Thank you. Good morning and see you tomorrow
2021-07-03 02:55
