GOLD 1-minute chart scalping with lightning-fast moves, gaining 227 pips
Hello, this is Lucky.
Everyone, the hot days continue, please take care of yourselves.
Now, today I will talk about my clumsy trading.
GOLD 1-minute scalping, sky-high speed, earned 227 pips
Actual chart here ⇩⇩⇩
I jumped in at the yellow circle,
It was a bit early
It retraced once
But what matters here is market context
If there are solid reasons that “this market will go up” and the environment is analyzed properly, then even if it goes against you,
there is no need to panic.
I will wait for the next opportunity
First, I look at the yellow horizontal line
This is the resistance line I am mindful of
Then draw a downward-trend line from the high of the first wave
Just these two things. It is okay if you don’t use indicators
If you have market context, then all you have to do is wait for the moment when price breaks above the downward-trend line while being supported by the resistance line
This is the moment for the second entry opportunity
Those who use channel lines, that method is fine too.
What matters is repeating the same judgment with a method you are comfortable using
I simply draw two lines: a resistance line and a trend line
Now, for you all… where do you think the second entry point is?
Please think about it while watching the chart.
To the investment navigation readers who always read us
[With a bonus]
A channel line shows the “range of prices,”
Bollinger Bands indicate the “volatility (magnitude of price movement).”
By combining these two,the reliability of breakouts andthe timing of entries become much clearer.The basic idea of using them together