learning to draw on charts, identify and setup positions
I am very new to actual trading, so I am currently watching a ton of videos and reading other people's ideas on how to draw on charts correctly, identify opportunities and finally setup actual trades.
I appreciate any comments especially on whether my S&R zones are correct or not, what I can improve and finally whether this is a feasible setup or not. My goal is to be able to analyse mid term trends and setup meaningful trades.
This one is a long position for
BTCUSDT with a take profit below the 10400 resistance level and a stop loss at 563 below the entry price, calculated using the daily ATR (20 SMA), which nicely comes to just below the 8800 support level. Breaking that, I would consider a continuing down trend.
I hope I understand at least some of the terminology and concepts correctly, but if not, please comment and correct me!
There is nothing learned without making mistakes.
Happy trading everyone!
I appreciate any comments especially on whether my S&R zones are correct or not, what I can improve and finally whether this is a feasible setup or not. My goal is to be able to analyse mid term trends and setup meaningful trades.
This one is a long position for
BTCUSDT with a take profit below the 10400 resistance level and a stop loss at 563 below the entry price, calculated using the daily ATR (20 SMA), which nicely comes to just below the 8800 support level. Breaking that, I would consider a continuing down trend.I hope I understand at least some of the terminology and concepts correctly, but if not, please comment and correct me!
There is nothing learned without making mistakes.
Happy trading everyone!
Dagangan ditutup: sasaran tercapai
looks like my setup actually worked! I am very stoked about this! now off to the next one
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.