ETHBIDR - Going Long (15/03/2021)

2021年3月15日

Hi guys, currrently I have lost 10% of my investment in just two days.

I have blindly set buy order limit in support area, it hit my support area and also my stop loss 👀😅

Lessons learned.

I have learn and do the following:
1. Identifying the trend in daily chart
2. Identifying Area of Value via support, resistance or key level.

I have missed the last step: Identifying the trigger to buy.

Recently I came across the following article: Price Action Entry Rules: How to ‘Enter' at the Break

Well you shold google it, I can't attach the link 😅

It have a great advice on how to timing your trade.

I recommend you to read the article.

Now this idea is an example of me practicing the rules.

2021年3月15日

交易开始

2021年3月15日

注释

The pin bar confirmation should be slightly above the high of the pin bar

2021年3月15日

注释

Well it seems like it will hit the stop loss once again? 😂

2021年3月16日

交易结束：到达止损

Lessons learned:

1. I should set my stop buy order slightly above the high of the pin bar
2. I should set my target to previous resistance
3. I should set my stop loss to slightly below the low of the pin bar

Wokayy