Step Dlm CSR 100 - Summary

CSR 100.. Dinamakan sebagai Classical Support Resistance Dgn TP 100...

Langkah 1: Trend Analysis...

Untuk intai peluang dalam direction of market flow. Maka kita lakukan Trend Analysis. Lakukan trend analysis dalam H4.

Jika nampak series of HH, HL, HH etc... Kita intai peluang untuk Buy at RBS di H1.
Jika nampak series of LL, LH, LL, LH etc.. Kita intai peluang untuk Sell at SBR di H1.

Langkah 2: Mencari Retracement...

Di H4... look for sign of retracement. Confirmation of SH or SL memberi petanda retracement sudah bermula. Maka di sini penting untuk kita melihat tindakbalas price pada zone SBR ata RBS di H1.

Langkah 3: Menunggu setups..

Price perlu reject SBR atau RBS Zone di H4... Kemudian; kita flip pada H1 untuk mencari setups iaitu 2nd atau 3rd retest.

Langkah 4: Mencari Exit..

Exit ialah untuk BUY ialah Higher + 10 pips above CS yg reject RBS Zone.
Exit untuk SELL ialah Lowest - 10 Pips below CS yang reject SBR Zone.

Langkah 5: Calculate Risk: Reward

CSR 100 Pips... Mean target ialah 100 Pips. Maintain Ratio Minima 1:2.. Jgn ambil trade jika R:R 1:1.

Langkah 6: Masuk Trade.

Pending Order @ 2nd Retest Level atau 3rd Retest Level. Don't worry about Tak Dapat Masuk Trade. Trade akan ada next time. Penting untuk BUY at Sale Price at 2nd atau 3rd Retest.

Langkah 7: Manage Trade...

Open 2 Trade: Let's First Trade Hit TP at 1:2
2nd Trade - Free Ride. Exit maybe dekat next H4 Swing Point.
In Uptrend - Price always akan breaks previous Swing Point untuk buat NH.

New Post... Belajar accept LOSS

Losses are just cost of doing business
If you want to be a trader, accept that Losses are just inevitable
Better take a small Loss, than letting it become a big Loss

Yeah, I know all that, but...

Do you recognise yourself?
I DO!

Taking a loss is only ok, if I cover my trade at a loss and then it goes at least 50 ticks further against my initial position. Then I feel not good, but at least correct.

But which trade do you remember? Yes, exactly. The trade which turned right around, which faked you out, which took your Stop and then proved your initial trade correct. This is the trade where Fear let you place your Stop too tight and now, when you see your position down again, then Hope comes in telling you, it will turn around by letting you know the last time where you were stopped right at the Top or Bottom. And that of course is the start of the small Loss becoming a big Loss.

I have Losses as everyone in trading has. And if someone tells you he has a 100% system, don't believe it, walk away, he is just out to get your money.

And I have found just one way to deal with Losses:

A Loss is a Payment to the market I have to make to see, if my analysis is correct or not.  

In trading you have a Trading Plan, a Setup and you take it, the moment you see everything in place. You not only know, that your Setup is present, but you also know at which price a contract has to trade to make this Setup invalid. Add a tick or two and you have your Stop Loss. This tells you BEFORE you take your trade, what you have to pay to the market to see. To see, if you are right or not. 

by Globe Trader