Too many people lose money, not because of poor skills, but because they are too 'single-minded'.

Only looking at the 1-hour or even 15-minute charts, a shake can wash you out, chasing leads to being trapped, and once trapped, you sell at a loss, ultimately losing sight of the direction.

Today, I will share the long-term multi-period candlestick method which, if followed, can at least reduce losses by half.

Step 1: Look at the 4-hour chart to anchor the big direction.

It acts like a 'compass', clearly showing whether the market is in an upward, downward, or sideways trend. If the candlesticks keep making new highs and the lows are rising, it is an upward trend; a pullback is an opportunity to enter;

If the highs are gradually lower and the lows are descending, don't fantasize about a rebound or reversal; it's better to move less; during sideways movement, you must control your hands, as trading against the trend is very costly.

Just like the current ETH, the 4-hour low is rising in a stepped manner, with a strong phase of upward movement, but at high levels, there are TD9+TD13 bearish signals, and KDJ+RSI are overbought, so subsequent pullbacks need to be monitored.

Step 2: Look at the 1-hour chart to lock in the entry position.

Once the direction is confirmed, draw support and resistance lines on the 1-hour chart. In an upward trend, if the price retraces to the 20-day moving average and stabilizes, it is a good entry point;

If it challenges the previous high without breaking, a pullback may occur, so don’t rush in. For example, ETH has broken out of a daily W bottom, showing strong short-term movement, but it is in the later stage of a rebound; at this position, the probability of volume-driven play or a pullback is high, so be cautious when chasing long positions.

Step 3: Look at the 15-minute chart to capture entry signals. This is the key moment to 'take action'.

When the 15-minute chart shows engulfing patterns, bottom divergences, golden crosses, etc., and the trading volume increases, that is the real entry signal. Rising on low volume or breaking through with no volume is often a 'false move'.

Just like ETH, although it is strong in the short term, there are multiple resistances at high levels, so wait for suitable signals to appear on the 15-minute chart before taking action.

The trend is right, the position is good, and the signal is out; all three are indispensable. Learn to wait and observe the market to minimize losses and maximize profits in trading.

Once, a person was stumbling around in the dark, now the light is in my hands.

The light is always on, will you follow? @慢慢赢_带单笔记