learning to draw on charts, identify and setup positions

24 พ.ค. 2020

I am very new to actual trading, so I am currently watching a ton of videos and reading other people's ideas on how to draw on charts correctly, identify opportunities and finally setup actual trades.
I appreciate any comments especially on whether my S&R zones are correct or not, what I can improve and finally whether this is a feasible setup or not. My goal is to be able to analyse mid term trends and setup meaningful trades.

This one is a long position for BTCUSDT with a take profit below the 10400 resistance level and a stop loss at 563 below the entry price, calculated using the daily ATR (20 SMA), which nicely comes to just below the 8800 support level. Breaking that, I would consider a continuing down trend.

I hope I understand at least some of the terminology and concepts correctly, but if not, please comment and correct me!
There is nothing learned without making mistakes.

Happy trading everyone!

3 มิ.ย. 2020

ปิดการเทรด: ถึงเป้าหมายการทำกำไร

looks like my setup actually worked! I am very stoked about this! now off to the next one