In this post, I want to share a personal experience for all who want to taste the delicious golden business online. Prior to technical problems, one thing that is not less important in the trade of gold is the formation of character, attitude and perception of view of a trader. Why this is disclosed at the beginning due to success in the trade of gold is determined by several factors, including market analysis, knowledge of both technical (related to the charts / graphs) or fundamental (related news) and psychological factors, a trader and experience (flight hours) .
In addition to basic knowledge of market analysis, psychological factors also play an important role in delivering a successful trader. For example, a trader just got quite a bit of profit. Surely her flowery. Because psychologically not trained / used to make a profit, it might be tempted to enter the market again. Though the moment was past could. Finally, the profit can be obtained just another loss. This is to be aware of or anticipated a trader, especially for beginner traders.
This is where the importance of forming the character of a trader. And vice versa, our attitude when experiencing loss due to incorrect entry or false predictions due to a lack of emotional control and candlestik knowledge that is still minimal. It may be that we would be very frustrated and some even regretted not want to open the chart again. This kind of mental condition that should really be prepared if you want to reap gold trading success.
Reading Skills Chart / Graph
Ability or skill to read charts to be very decisive in making a profit on gold trading. Hence, the authors would like to share a simple experience of reading the chart right way and get a profit over and over again. This experience is obtained nearly for nearly two years.
To be able to read the chart takes a few indicators that is parabolic sar, holingger bands and the pivot points and candlestick. With these three indicators, a trader can determine the position of buy sell ata.
There are at least three market conditions, including the following:
- Up Trends (Naik condition).
- Down Trend (Condition falls)
- Sideway (Horizontal)
In condition Up Trends, take buy position (buy) and vice versa when the market drops a position to take sell position. But before entering the market, make sure the market after the sideway conditions. Since it is logically simple, no sideway market may continue, there certainly go up or down. To ensure sure going up or down market, characterized by a long candlestick movement to cross the line holinger band. Once there candlestick shows Djodi (cross) or a break, new market entry.
The authors suggest, do occasionally enter the market in a condition not as above. This is one simple technique that writers get. Therefore, just wait such conditions, it will appear. However, before entrance provit take first set with a single view line support / resistance lines one and do not forget to put a stop close to security. For more details could picture the above chart.
You need to know, in the picture there is a line chart reisisten and support. Support line is the boundary limit price drops and resistant (R1) is the limit price rises. After the price touches R1 and S2 will return direction. However, please be careful in certain market conditions, usually when a second pass through the line, will continue to S2, S3 or R2, R3 and note the candlestick. There are signs the confirmation or not?
Pivot Point line in chat terserbut no automatically, but needs the addition Sotware in metatrader. At first, lines are derived from calculations Pivot highest price, lowest price, open price and close price. Along with further development, now pivot point calculations in the form of packaged software. Making it easier for us to determine the direction of price movement.
For those of you who want the Pivot Point software, please send email to winnet41@gmail.com. By giving the title "sotfware request free pivot points." You need to know, Pivot Point has been widely used by world-class traders. Thus, the accuracy is almost close to 90 percent. You do not believe? please prove it through the demo in the Meta trader.
