- Hello my subscribers, today I want to mention a popular mistake in future trading. If you are future trader, I guarantee that at least one time, your position touches SL and back to your trend analyst immediately. Many people will blame that "just market's mistake", " exchange owner want to kill my position",...Please don't do that, just keep calm and review your trading system. The following report will support you avoid this mistake. OK! LET'S GO. (I used EOSUSDT as a example for my idea)
- Normally, when price completed strong movements (upward or downward), price rarely transfers to downward immediately (in this case, I use example that price made strong upward movement), price usually moves side way within range box. During this period, it is really hard for predicting price's movement. Beside, price will create many bull, bear traps (as my drawing). I know exactly many traders can not wait and open position within this period. Note that, time of sideway period is unstable, can be few hours, few days,..we only open position when price breaks range box (see detail in my drawing). Beside, need to manage risk by input small cap and low leverage.
- Normally, when price completed strong movements (upward or downward), price rarely transfers to downward immediately (in this case, I use example that price made strong upward movement), price usually moves side way within range box. During this period, it is really hard for predicting price's movement. Beside, price will create many bull, bear traps (as my drawing). I know exactly many traders can not wait and open position within this period. Note that, time of sideway period is unstable, can be few hours, few days,..we only open position when price breaks range box (see detail in my drawing). Beside, need to manage risk by input small cap and low leverage.