Where does your judgment come from when trading?

Where does the ability to judge come from? Well, let me think about it. It is nothing more than a technical + fundamental judgment. This is a commonplace question, and there is nothing to say.

For myself, there are a few more points: 1. Familiarity with varieties; 2. Precise support and resistance

Although I am not going to talk about the technical and fundamental aspects, I will briefly talk about it.

Fundamentals:

How to judge is really not detailed. When looking at the fundamentals, you have to learn to detour around the side. For example, the unemployment rate, don’t look directly at the unemployment rate, you look at the employment participation rate, and then look at the number of employees in the manufacturing, retail and service industries. The latter three are the most important components of the unemployment rate in the United States. The former reflects the overall employment situation in the United States. After reading this data, you will know how bullshit the unemployment rate is. For another example, if you look at the US economy, what else can you look at besides the data that you know? The Baltic Dry Index, which is shipping data, can directly look at the global trade situation here. A good U.S. economy must mean strong consumption. As China is the largest exporter to the U.S., if the U.S. economy is strong, China’s exports will increase, and the shipping industry data will also increase accordingly. Of course, the current trade disputes have some impact, but the overall situation is like this. This is not to say that a decision can be made by looking at one economic data, but to tell everyone to look more at related data and learn to detour.

Technical aspect:

Indicator usage really goes without saying too much. Just combine all the indicators. I myself use STS, MACD, ADX, Ichimoku Kinbai, SAR, Bollinger Bands, MA, Bollinger Bands, Trend Lines, and K-line patterns, and judge them together.

Breed Familiarity:

If the above two are for you to judge the general direction. Then this can be called the operation manual. The variety familiarity I understand is actually observing the subtleties. Take the euro as an example, what you need to know is:

1. What is the normal daily volatility of the euro?

2. When data such as GDP and CPI are released in the range of 0.1, what is the volatility of the euro? When the announced value range is equal to or even greater than 0.2, how much volatility will the euro have?

3. When the euro is in a normal trend, how strong is the correction? When the trend is abnormal, how strong is the callback?

4. When the data is released, the euro likes to go unilaterally? When which data is released, the euro likes to twitch back and forth?

Wait, too many details. It is not unreasonable to only do familiar varieties. After you observe a certain variety in detail, it will not directly help you make profits, nor will it greatly increase your trading skills. But it will give you a ruler in your heart. By looking at the fundamentals at a glance, and then looking at the trend, you can probably know what stage the euro is in now, whether you should wait, or the opportunity will come soon. How many opportunities are left in this wave. You can tell at a glance.

Well, after observing the subtleties, there is another incidental thing - the sense of disk. This thing is not metaphysics, it does exist. Sometimes you want to place an order, but you don't think it's suitable. You can't say where it's not suitable, but you just don't think it's suitable. The final result proves that you are right. Of course, this is only the most basic sense of the disk.

Precise support and resistance:

How to say this thing. Let’s take a day’s trend as an example. The largest line of resistance forms the top, while the other line of support forms the bottom. How to say precisely? That is to say, when a certain currency reaches your support or resistance, the trend will be stopped. Prick at most. This is at least 70% of the time. For the rest, the trend is not enough, or it is broken.

The top and the bottom are formed, and for the remaining support and resistance, you have to block one K line at least most of the time. The 1-hour map means that the stall 1 stays for 1 hour. 4 hours to block at least 4 hours.

Instead of being broken casually. Only in this way can it be called accurate support and resistance. It's not that the price has reached this line, and it will be broken after a little testing. This is not called support resistance.

The above, these are my own common judgments when entering the market and floating losses and floating profits.