Improving Market Cycles and Stages
I need to get better at
1. Identifying what state the market is in
2. What number 1-5 in the cycle it is in
3. Avoiding numbers 1,3,5
4. Only trading in cycles 2 and 4
The market only goes between narrow states and wide states
My strategy is the 21ema and the 200sma
I use the 5 minute, the 15 minute and the 1 hour timeframe for Intra Day Trading
I tend to use 50 tick stops and 100 tick targets for a 2:1 most of the time
My biggest issue is not trading in the direction of the 21ema
1. Identifying what state the market is in
2. What number 1-5 in the cycle it is in
3. Avoiding numbers 1,3,5
4. Only trading in cycles 2 and 4
The market only goes between narrow states and wide states
My strategy is the 21ema and the 200sma
I use the 5 minute, the 15 minute and the 1 hour timeframe for Intra Day Trading
I tend to use 50 tick stops and 100 tick targets for a 2:1 most of the time
My biggest issue is not trading in the direction of the 21ema
Catatan
Here are some random trades in only the cycles 2 uptrend and 4 downtrend in the overall bullish side of the market stateIf only I can just take these trades only, I would have far better results
Catatan
Currently price is in stage 4 of the cycle. Where it will fail at and go into stage 5 is to be determined. That is what makes it difficult to master. Probably will take another go short while in the state 4 until it goes sideways into state 5. I will sit out state 5's
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.