EUR/USD
1.04691
0.084%
Gold
2946.99
0.421%
Oil
70.294
0.205%
USD/JPY
149.730
0.402%
GBP/USD
1.26410
0.086%
GBP/JPY
189.276
0.489%
Real-time News
Hungarian Prime Minister Viktor Orban: Hungary will be able to reduce its deficit despite massive tax cuts.Co-Chairman of the German Social Democratic Party: It is not clear whether the Social Democratic Party will be part of the future government.US President Trump: Apple just announced a record investment in the United States.On February 24, ING analyst Francesco Pesole said in a report that the US dollar is unlikely to move unilaterally in the coming week. Amid weak US economic data and optimism about the Russia-Ukraine peace agreement, the market is keen to end bets on a stronger dollar. However, the prospect of the US delaying tariffs on Canada and Mexico until March may provide support for the dollar. The dollar may also rise if data on Friday shows that the US core personal consumption expenditures price index, the Federal Reserves preferred inflation indicator, accelerated in January. "The current market is facing multiple uncertainties, and it is difficult for investors to jump out of daily data fluctuations to make long-term predictions."1. When I first started trading futures, I mainly traded on the daily chart, which had a large retracement. Then I gradually moved to smaller cycles, such as 30 minutes and 15 minutes. Now trading is mainly based on small cycles. 2. In terms of analysis methods, I pay more attention to wave theory and moving averages, including classic top and bottom patterns, such as W bottom, double bottom, head and shoulders bottom, and head and shoulders top. 3. If I lose money as soon as I enter the market, and the technical pattern shows that I have made a mistake, I will stop loss immediately; if there is a floating profit, I am relatively proactive. Sometimes I will stop profit when the technical pattern breaks, and sometimes I will take the initiative to stop profit based on the pressure or resistance level I actively predict. 4. In judging the deterministic market, the first thing to consider is some technical patterns with a relatively high success rate, such as W bottom, M top, and the third wave in the wave theory or the c wave of abc, which is relatively certain; the second thing to look at is the position and trading volume. 5. You must not hold a heavy position in any case! Once you hold a heavy position, even if you judge the market correctly, you will not make money, and you may even lose money. 6. I use a more subjective method of taking profits. I don’t say that I will take profits or stop losses when the K-line reaches a certain level or when it must retrace to a certain level. Sometimes I will rely on the market feeling. For example, if there is pressure at the price, I will take the initiative to close the position, rather than waiting for the retracement and falling below the technical line before closing the position. 7. The simplest things are actually the most difficult to do well. You must maintain a calm mind in the financial market. If you want to succeed too much and want to make a profit too much, it may backfire.
