A lesson I find myself forgetting many times over is
DO NOT ENTER IMMEDIATELY AT BREAKOUT/BREAKDOWN
In these markets, it is generally better to wait for a candle close confirmation above zone, followed by a retracement, and then you can enter.
Generally it is better to miss a move than lose money regardless.
Essentially if you want more of your trades to work, even at breakout or breakdown, wait.
While some may argue that you would miss the move, I would counter to say that if a move is incredibly and rapidly directional it is very likely there will be a retracement. Markets prefer a slow and steady rise or decline for stability, if it moves jaggedly it will eventually regress to the mean all the same.
DO NOT ENTER IMMEDIATELY AT BREAKOUT/BREAKDOWN
In these markets, it is generally better to wait for a candle close confirmation above zone, followed by a retracement, and then you can enter.
Generally it is better to miss a move than lose money regardless.
Essentially if you want more of your trades to work, even at breakout or breakdown, wait.
While some may argue that you would miss the move, I would counter to say that if a move is incredibly and rapidly directional it is very likely there will be a retracement. Markets prefer a slow and steady rise or decline for stability, if it moves jaggedly it will eventually regress to the mean all the same.
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.