What is your First JOB as a Trader? Betul...
Tugas utama trader ialah TRADE. Bukan? Tugas utama trader - Day Trader atau Swing Trader - ialah menukarkan maklumat yang terdapat dalam chart kepada maklumat yang boleh dijadikan sebagai EDGE.
Edge secara kasar ialah menambahkan peluang untuk berjaya sebagai trader dari 50 peratus kepada lebih dari 51 peratus.
So apa gunanya RETRACE.. Kenapa retrace ialah your best friend?
Market sentiasa melakukan retracement, dan sekali pandang dalam sesuatu trend, retracement lebih banyak berlaku berbanding dengan reversal.
Jika dilihat kepada chart, kita akan dapati price goes up, it pulls back, and it goes up again. Jika price goes down, diikuti dengan rallies dan goes down again.
Market sentiasa melakukan proses ini berulang-ulang.
Disebabkan proses ini berulang-ulang, maka lokasi terbaik untuk entry ialah apabila retrace sudah habis.
ENTRY APABILA RETRACE HABIS... at END of RETRACEMENT...
Apa itu retracement?
Retracement ialah pembalikan price yang sementara atau a short term reversal in trend, atau a pullback in an uptrend or a rally in a downtrend.
Jarang untuk kita jumpa market untuk moves higher or lower in a straight line.
Selepas market membuat initial push - ia akan diikuti dengan retracement in price.
So sekarang AS A TRADER - jadikan retracement sebagai kawan untuk masuk TRADE.
Time untuk train our BRAIN to trade off what we see, not what you think.
Trader MUST THINK WITH THEIR EYES, not with their brains.
Traders do not try and predict what will happen - they trade off the data in front of their eyes.
So buying pullbacks in an uptrend and selling rallies ialah satu strategy yang hebat. Tapi - bagaimana nak tahu bila the short term reversal is over and the larger trend is ready to resume? Jawapannya we don't.
What we do know, market tend to retrace 1/3 or 2/3 - untuk selamat - kita ambil pendapat ramai dimana market suka retrace 50% of given move or market will come halfway back before resume the larger trend.
So untuk trade, cuma ada 3 simple step:-
1. Identify the trend.
2. Determine the entry point.
3. Order execution.
Step 1: Identify the Trend.
The first thing to do, identify larger trend - long term trend. Uptrend is made up of higher highs and higher lows. Downtrend is made up of lower highs and lower lows. (timeframe is irrelevant).
Untuk pendekkan cerita - don't ask me why? For me
Jika enter trade di tf M30 - decide long term trend or larger trend di daily.
Jika enter trade di tf M5 - decide long term trend or larger trend di H4.
Step 2: Kenalpasti Entry Point.
Selepas kenalpasti TREND, tunggu untuk retracement berlaku. Look for halway back atau 50% retracement.
Halfway back ialah Entry Point. Adakala akan berlaku, price retrace tak sampai 50% dan adakala akan berlaku price retrace lebih dari 50%. Bukan kita yang control market.
Why 50 %? simple reason - kita boleh letak free ride styles. Jika trend valid - price always akan break resistance untuk buat new high or at least - buat double top/bottom sebelum berlaku reversal.
Step 3: Order Execution.
Only use limit order. Wait till the market come to your deal price.
Place entry a few pips infront of 50% retrace.
Jika market melepasi 50 % - exit 50 % of trade bila price bounce - take small profits.
Thing to take note:
No Strategy is Perfect. Trading is mental game. Do not making it more complicated than it needs to be. Add another indicators or read news feeds will creates second guess.
Prevent fear of pulling trigger by using limits orders.
Do not go against the TREND.
What we do know, market tend to retrace 1/3 or 2/3 - untuk selamat - kita ambil pendapat ramai dimana market suka retrace 50% of given move or market will come halfway back before resume the larger trend.
So untuk trade, cuma ada 3 simple step:-
1. Identify the trend.
2. Determine the entry point.
3. Order execution.
Step 1: Identify the Trend.
The first thing to do, identify larger trend - long term trend. Uptrend is made up of higher highs and higher lows. Downtrend is made up of lower highs and lower lows. (timeframe is irrelevant).
Untuk pendekkan cerita - don't ask me why? For me
Jika enter trade di tf M30 - decide long term trend or larger trend di daily.
Jika enter trade di tf M5 - decide long term trend or larger trend di H4.
Step 2: Kenalpasti Entry Point.
Selepas kenalpasti TREND, tunggu untuk retracement berlaku. Look for halway back atau 50% retracement.
Halfway back ialah Entry Point. Adakala akan berlaku, price retrace tak sampai 50% dan adakala akan berlaku price retrace lebih dari 50%. Bukan kita yang control market.
Why 50 %? simple reason - kita boleh letak free ride styles. Jika trend valid - price always akan break resistance untuk buat new high or at least - buat double top/bottom sebelum berlaku reversal.
Step 3: Order Execution.
Only use limit order. Wait till the market come to your deal price.
Place entry a few pips infront of 50% retrace.
Jika market melepasi 50 % - exit 50 % of trade bila price bounce - take small profits.
Thing to take note:
No Strategy is Perfect. Trading is mental game. Do not making it more complicated than it needs to be. Add another indicators or read news feeds will creates second guess.
Prevent fear of pulling trigger by using limits orders.
Do not go against the TREND.
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