Share a graphical analysis case of real-time tracking, as shown in the figure:
In the picture, since entering the market to go long, when the price rises to resistance level 1 and resistance level 2, should you go or keep the position in your hand? Mainly from two aspects to measure:
1. Trading system
2. yourself
For the short-term, if you rise to resistance level 1 and resistance level 2, you have reached the short-term stop profit target, and the profit-loss ratio has reached more than 1:3. There is no problem in choosing to close when it is good. Even if the market outlook rises to the sky, then It has nothing to do with you.
If you leave the market according to the system signal, test the resistance level 1 and the resistance level 2, which is the breakthrough of the big positive line. The strength of the breakthrough is very strong, and there is no reverse bearish signal. The short-term bulls are still bullish, so they can continue to hold To rise.
When the price tests the resistance level 3, should we leave the market?
Test resistance level 3 is a small medium positive line. Compared with the previous two large positive lines, the amplitude has dropped sharply and the kinetic energy has been greatly weakened. The second root is a narrowed cross star, which forms a harami near the resistance level. The shape, the harami is a kind of range shock, the upward breakthrough is bullish, and the downward breakthrough is bearish. Is it a reversal or a relay signal?
Before the pregnancy line breaks through, if you want to be more greedy, you can hold positions to track the direction of the breakthrough. If you are in short-term trading, you can take profit and leave the market here. If you want to be more stable, you can consider closing half of the position first and keeping half Positions, moving stop loss line protection to lock part of the profits, this mainly depends on your trading style and trading strategy.
The harami at resistance level 3 has broken upwards, continuing to be bullish, and the orders we hold can be taken again.
Shortly after breaking through the resistance level 3, two stagflation K-lines with a certain upper shadow line appeared, and the negative line on the right almost ate the entity of the previous K-line, which is a more obvious high bearish signal, and the reversal signal is a lightening Or one of the signals to take profit and leave the market.
A reversal signal in an uptrend is not necessarily a trend reversal, it may just be a normal price correction. For those who do trend trading, they can still hold positions to follow the long trend until the trend reverses.
If the Yinxian line of the medium and large entity falls below the resistance level 3 (the key resistance level turns into a support level), we must be very vigilant about the upward trend or a reversal, which is also one of the signals for us to leave the market.
From the case, the main references for summarizing the basis for reducing positions, taking profits, and leaving the market are as follows:
1. Your trading style (short-term, mid-term, long-term, swing, trend)
2. Take-profit target, profit-loss ratio
3. Trading signals, reversal of trend structure, etc.
The main reasons for not being able to hold the list:
01 Do you have a perfect trading system
The trading system includes your entry point, stop loss point, profit stop point, K-by-K interpretation ability and your trading plan, etc.
02 Your ability to execute
No matter how good a trading plan is, if you don't implement it well, it can be said to be meaningless.
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