Questions you need to ask when price gets into the trading zone
Looking on the chart:
1) Where is the 200 EMA in relation to price? Answer:..........................................................................................
2) Is the 34 and 55 EMA still open and still trending in the preferred direction? Answer:..........................................................................................
3) Do I have any weekly/monthly pivot points in the trading zone? Answer:..........................................................................................
4) Do I have any whole numbers in the trading zone? Answer:..........................................................................................
5) Do I have any reversal candle patterns forming at these levels in the trading zone? Answer:...........................................................................................
6) Do I have any trend lines coming from older areas, in the trading zone that can give resistance or support? Answer: .........................................................................................
7) Is Marc`s potential entry point near these areas? Answer:............................................................................................
8) What is the Bollinger band doing? Is price outside of it, is it a “one in a million years” Bollinger band? Is it trending down or up? Is it curling up or down? Answer:............................................................................................
9) What is the MACD doing? Is the histogram crossing or about to cross? What are the 2 moving average lines doing? Is it open or about to cross? Answer:..............................................................................................
10) What is my Stochastic doing? Is it crossing, is it in the overbought oversold area? Answer:.............................................................................................
11) What is my RSI doing? Is it crossing the 50 middle line, is it in the overbought/ oversold area? Answer:............................................................................................
If the probability study shows me that price will most likely react in the trading zone wait for confirmation by asking myself...
renung renung mcm mana seorang pro bila nak trading.apa tah kita yang dikira si petai.
good luck tt