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Ciri Candle Penerusan Akurat II Features of Accurate Forward Candles - YouTube
Channel: Wijaya Trading
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But see the notes I said
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it's for carefulness
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"What swing low and swing high means?"
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Those mean taking position that's too far. Means at peak and valley
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For example, swing high is when it's at the peak
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This, at the peak, then rejection starting to appear
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Look at the left side. If you find a peak that meets other peak
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then we can order sell there
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The target is not 100 pips, but the valley, or the many edges below
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Many rejections here
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The target is there usually
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If the target's there, usually we give a distance one third of it
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If there's many rejections here
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Watch the closest first. If you find it, put the TP there
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This is called swing high, swing low
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We could put it here too, but it's not for short-term trading
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surely it's for long-term
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So, it could go for 3 days to 1 week in order to touch it
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This is swing high. The swing low is here
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Let's measure it. It needed 3 days
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Here to here is around 4000, in 3 days
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But, we can't take it straightly. Even it was up before touching it
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This could go for days. This is for traders with pretty big budget
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If small budgets do this, we can just wait until it runs out
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So, don't get greedy with enough budget
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Sometimes we use bigger lots to get quicker
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including myself. -"Some of my friends uses 0,001, the smallest"
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"He can get profit around 200, but he must wait around 3 days"
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How many packs of cigarettes he smoked there?
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There are many methods. For me, honestly
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today I'm working, tonight I must be able to use the money
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I work in the morning, I must be able to use money to buy food
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I think that so we have a satisfaction
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If a guy do trading and get profit everyday, he'll get a satisfaction
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Different if we do trading for days, but still minus
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Bragging the minus, like, how long? A month
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There are people like that
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If I do that, I can't fill my pocket everyday
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For me, filling pockets, even though not much, it's a satisfaction
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Like, if we are a merchant, we get money everyday, we'll be satisfied
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Different if the salary is monthly. We'll be very happy if we get it
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At mid-month, there'll be something that needs more
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"We say trading is not salary, it's fortune since we're trading"
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Right. I like it more
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It all depends on the trader type, you can use any of it
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Doesn't have to be a day or two. If you want to do long-term, it's fine
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the techniques are the same
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Any more question?
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"I have a problem, I wanted to go there, but get no permission"
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"So, I'd like you to come to Tangerang"
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For now, I can't. If the condition's getting normal, I will
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My plan is like this sir"
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"You have a lot of students, maybe 100 or more"
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"Maybe we can gather at Tangerang or anywhere"
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"We start a class, so we can ask easier sir"
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"What do you think sir?"
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It's okay. Find a schedule, I can teach for 1 week too
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But, since there's still disease cases, we can't go anywhere
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Back in the day, we usually did that
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There's community, we went live together too"
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That what makes us understand, practice. If I say buy, sell
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is it just a talk or it can be proven. I'm happy to go there
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If morning, I'm free above 12 p.m
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Very sorry for not answering the call, but there was a schedule
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For the others that close to Tangerang can gather there too
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I'll come there, but we must reschedule sir
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So the ones who still have difficulties can solve it too sir
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Many friends came to the basecamp before, I explain better there
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That was a good advice sir
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Thank you all. We discussed many things
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There's a plan to...
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...come to Tangerang or other places, we can adjust the schedule...
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...because the condition is like this, so we have some limitations
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If the condition is normal, we can do it if we're free
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If we all can meet, we'll be more comfortable
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"Mrs. Rohmah has great analysis now"
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There's a great change. At first, it was hard to teach
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Now, she can feel to have an overview there
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"I'd like to ask, I'm a beginner, I just started
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"If we try in demo, when we open, exit"
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"After exit, it says volume is not enough. Do I use irrational lot?"
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So, if it's not enough, first, the leverage can be too high
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second, the budget is not enough to use the lot. The lot's too big
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Surely it's the budget that can't use that lot
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If not that, maybe you still have a transaction that's still not closed
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minus transaction
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For example, the budget is 100, I use 0,5 lot
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while there's a transaction, it'll be rejected
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"So budget and lot is not suitable"
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Try to use 10 thousand durability
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The budget, divided by 10 thousand
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it's the lot, use it, you'll be able to order
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even we can do about 3-4 times
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But, if the durability is just 1000 or 2000
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it'll be very hard. 1 transaction, a floating there certainly
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we want to order again, but rejected
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it'll appear "not enough money, please borrow"
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It's because of wrong management sir
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so the calculation is not right
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"Related to trading psychology sir, want to win quickly"
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One more question here, I'll explain it
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Please explain about marubozu candle pattern
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It is a continuation pattern. The candle is thick like this
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or thick candle with small tails
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Logically, this is a continuation
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But, it still affected by support and resistance condition, daily range
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If it's like this, it's marubozu, continuation
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This one is also continuation
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but when it reaches the range
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range or the peak
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Like this
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This is marubozu at a range area
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The bottom one here is marubozu
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Marubozu is long, thick candle, no tail or small tails
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If red, continue to go down, green means continue to go up
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But, don't take it raw that conditions like this will be a continuation
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Once again, see the support and resistance condition
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daily range, and is it at surfeited area or not
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Slide it, find the support and resistance
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See the daily range. If it's more than the average
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don't follow it, we better wait the market to turn
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This is marubozu. Hopefully this answers and you may practice it
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When marubozu still in...
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...a fair range area, then not in support and resistance area
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then it can continue to sell if red, if green is continue to buy
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But, we must still apply risk management
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so we can be aware in any condition
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Thank you all
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Hopefully this helps and improve our trading skills
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so we can get profit consistently
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Thank you, good night, have a nice weekend.
Assalamualaikum wr. wb.
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