To take note:-
- Monitor pattern closely after price kiss the upper and lower line on 3rd times.
- Expect the breakouts will coming soon if price is within upper 1/3 of the pattern.
- Never anticipate the direction of breakout; and always wait for Valid Breakout...
- Watch for Confirmation of Breakout; See new high or New Low...
- It's safe to enter at PULLBACK @ 5SMA after the confirmation of breakout.
- After TP reached, expect big pullback after price hit expected TP or near expected TP.
- Direction of Breakouts = New Trend Direction; So always assume this trend to continue until proven otherwise.
6 comments:
Salam..nak tanya pendapat..if we assume market to continue the trend dan kalau kita dah take post then dia tak lama retrace..so what do we do..adakah wait jugak until dia habis retrace dan continue trend nya? sementara tu pips negative wait saja? tkasih atas pandangan.
- azlin (newbie)
Azlin.. Good Q..
Biasanya lebih selamat masuk trade dalam trend berbanding counter-trend trade... bahaya kalau kerap biasanya diri untuk bottom fishing atau pick top.. GJ hari nie, price due untuk retrace to daily 5SMA (142.xx).. dia dah hit 137.xx dan sedang lakukan big retracement to 142.xx.. But 4Hr trend down, so i think price may hit 142.xx kemudian akan down semula.. Harap menjawap soalan.TQ
Tkasih bro atas jawapan tu. Harap nya begitulah amin amin..dah kena skali last monday, sy wait jugak, akhirnya dpt close semlm..hari ni kena lagi, tak senang duduk dibuatnya..next time kena jaga entry point sy. Sy takut dia dah habis low dan tak akan pergi ke low pagi ni lepas retracement tu..apa pendapat bro?
-azlin
maaf..tanya lagi satu ya..5SMA means moving average ke? nak plot dia mcm normal SMA ke? tp mcm mana ye bro tau price dia @ 142.xx tu..macammana baca nya? harap tak menyusahkan..tkasih byk2.
-azlin
Panjang cerita, kalau nak cerita 5 SMA nie.. Nanti, kalu saya free saya akan buat note tentang kepenting 5 SMA untuk GJ pair nie.. InsyaAllah.
Salam..tkasih bro dah tunjukkan SMA5 daily..faham dah saya insyaAllah..tkasih byk2 :)
PS: InsyaAllah dia bear lagi ya coz dah 8pm ni price dah mula jatuh semula..mungkin retracement dah completed ya..aminn..
-azlin
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