DislikedHello Sham..
Can you explain to me how you 'buy from dip'???
Apa kriteria yang perlu diambil kira..Contoh melalui fibo ke atau ada cara2 yang lain??
Terima kasihIgnored
1st thing to do... put up D1 or H4 chart... you can use H1 as well but the thing is the lower the time frame... the more noise you gonna see... and affecting your judgment. Why do this? To establish the TREND. What is trend? Easy to answer this... like Jacko did on his thread... Just show the chart to your 6 years old brother/sister... or even your to your mum... ask them... "Is this going UP or DOWN?"
Like CABLE and Eur/Usd... the trend is BULLISH. The long term is Bullish as it seems.
After that... turn to H1 chart (This is my style... I never put my chart shorter than 1hour period) Let say we take a good example from the latest occurrence on CABLE. That is from really early in the morning today (around 3am in M'sia) to this afternoon around Lunch Time.
In the beginning we saw that the Cable was shooting up (same like the BULLISH TREND that we've established earlier). Seems so good to jump in the train to go LONG. However, RSI already OVERBOUGHT ( I put RSI 14... standard) that is around the line 70. Every time I see this occurrence... I will wait and be PATIENCE.
........................................ to be continued........ patience ok :
p/s: Too sleepy already.... I've got a few positions since this afternoon with tight Trailing Stop... Got to go to sleep. Tired of shopping earlier on. I'll continue tomorrow. Keep on discussing guys