How can you not get lost in the time cycle? Today I will teach you a little trick.
Many traders cannot distinguish between time periods
For example: I obviously made a 4-hour order and kept watching the market. Finally, I saw a structural breakthrough and entered the market within 5 minutes. I wanted to get the 4-hour high point, which led to frequent stop losses and loss of confidence. I waited until the market really started. At that time, I didn't dare to enter the market, and I kept running short, which caused a lot of psychological problems.
The best way is to mark the market of the currency you are paying attention to, and write down the market trends and highlights you analyzed at that time on the market, including your plan. What does that mean?
For example:
1. What is the trend now?
2. Is the order you place a trend callback order, a breakthrough order, a reversal order, or a trend order?
3. What’s important about this location?
After you have written this clearly, you will have marked all the notes you need, and you will not get lost in the trading cycle because of the ink mark of the price movement.
The picture below is just a simple example without many explanations. I know it myself.
Then when you are making records, you can also use the most concise way to mark the information you know. After all, you are watching the market for yourself, not for others, as long as you understand it yourself.
Of course, the premise of everything is that you must have a complete trading system yourself, so that you can have a clearer understanding of the market trend and follow the market, otherwise it will be useless just to draw flowers.
This is just a small way that I personally use. I just want to share it. I hope it will be helpful to you.
I am a panda coach who is good at making complex problems simpler.
Thank you for your attention and likes, I will continue to output content in this area.
Many traders cannot distinguish between time periods
For example: I obviously made a 4-hour order and kept watching the market. Finally, I saw a structural breakthrough and entered the market within 5 minutes. I wanted to get the 4-hour high point, which led to frequent stop losses and loss of confidence. I waited until the market really started. At that time, I didn't dare to enter the market, and I kept running short, which caused a lot of psychological problems.
The best way is to mark the market of the currency you are paying attention to, and write down the market trends and highlights you analyzed at that time on the market, including your plan. What does that mean?
For example:
1. What is the trend now?
2. Is the order you place a trend callback order, a breakthrough order, a reversal order, or a trend order?
3. What’s important about this location?
After you have written this clearly, you will have marked all the notes you need, and you will not get lost in the trading cycle because of the ink mark of the price movement.
The picture below is just a simple example without many explanations. I know it myself.
Then when you are making records, you can also use the most concise way to mark the information you know. After all, you are watching the market for yourself, not for others, as long as you understand it yourself.
Of course, the premise of everything is that you must have a complete trading system yourself, so that you can have a clearer understanding of the market trend and follow the market, otherwise it will be useless just to draw flowers.
This is just a small way that I personally use. I just want to share it. I hope it will be helpful to you.
I am a panda coach who is good at making complex problems simpler.
Thank you for your attention and likes, I will continue to output content in this area.
