1. WHERE DOES THE DEPARTMENT OF Technical Development Come From?
Technical analysis was formed by previous traders. Through carrying signals and indicators, formed over time and over a long period of repetition, a sign of IDENTIFICATION will gradually form.
Pioneers research and verify over a long period of time, concluding relatively standard identification signals and are called Technical Analysis.
2. Is technical analysis correct?
PTKT is always right after the results are available.
Why is PTKT always correct after the price has passed? If you are always right, why do traders lose?
Traders lose due to market psychology, crowd psychology and individual psychology accounting for 80%.
The market is a battlefield of 3 sides, buying and selling and the bookmaker balancing.
Whether you are on the buying or selling side, you will be targeted.
When you are in this range order, you are in the resistance zone. You see it in the resistance area here. Do you see others also see? Ah, the bullish signal goes beyond this zone and then goes Long. After that, countless people went Long in that area, leading to an imbalance in the Long - Short ratio.
Whichever side has more numbers will die first (crowd effect)
After that, the chart just passed the resistance zone and retreated back down and broke down. At this time, the order is liquidated, stl is stuck, and psychology breaks through the resistance and then it will go down and there will be a loop of countless people shorting. Such a repeating circle. After balancing the buying and selling chart, it continues to run according to its plan.
=> PTKT chart gives results that are always exactly like the textbook
3. WHEN TO APPLY PTKT
The most standard technical analysis is applied to the long-term trend of SPOT
Choose a buying point and hold until the price runs in the right direction.
FUTURES, PTKT experts of any size will always be stuck and liquidated. Rates vary based on their acumen and qualifications.
Technical analysis in Futures is necessary but the winning rate in my opinion is not
20% PTKT - Observe candles.
30% CAPITAL management
30% Psychological
20% is Luck and Reflexes!
FUTURES Requires perseverance, calmness, luck and Skill!
The deeper your technical analysis in Futures, the more susceptible you are to fear, direction changes, and being threatened by the chart.
Personally, I feel that FUTURES is most difficult in managing emotions and greed.
The unchanging mind holds all the changes in the chart so you can play futures.
Until now, I still only place orders of 1-5$
I don't feel embarrassed at all, for me futures is an intellectual game. Entering an order to test your wits against the market, I don't have profit pressure. Leading me to predict the trend very clearly.
I only learned Boll charts and candlestick reversals, the remaining skills were about Fun, the crowd, when to follow the crowd and when to go against the crowd. Then you need to experience it yourself and draw conclusions.
How to divide capital, place orders, observe candlesticks, I have already shown in previous articles. You look shall
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