* Bull & bear boundary is critical for trading. We suggest $2 beyond for SL. If the boundary postion breaks, most probably the trendance will be reversed.
* 1st or 2nd supporting position is for buying entry or TP (partial or total) of selling orders.
* 1st or 2nd resistance position is for selling entry or TP (partial or total) of buying orders .
* $1 difference is acceptable. E.g. 'supporting 1980', means 1979-1981.9 is the buying entry area.
* $5 beyond supporting or resistance position is our max SL.
* In daily short-term trading, we suggest $7-$9 profit to close at least half of oders and leave only 1/3 or close all the orders when $14 profit achieved.
* In long-term trading which has been confirmed by pattern, we suggest keeping at least half amount of orders when 1st resistance position reached and move SL accordingly to bull & bear boundary position.
* In long-term trading, retracement of $30-$50 is normal, dosen't mean the revesal of trend.
* 1st or 2nd supporting position is for buying entry or TP (partial or total) of selling orders.
* 1st or 2nd resistance position is for selling entry or TP (partial or total) of buying orders .
* $1 difference is acceptable. E.g. 'supporting 1980', means 1979-1981.9 is the buying entry area.
* $5 beyond supporting or resistance position is our max SL.
* In daily short-term trading, we suggest $7-$9 profit to close at least half of oders and leave only 1/3 or close all the orders when $14 profit achieved.
* In long-term trading which has been confirmed by pattern, we suggest keeping at least half amount of orders when 1st resistance position reached and move SL accordingly to bull & bear boundary position.
* In long-term trading, retracement of $30-$50 is normal, dosen't mean the revesal of trend.