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💖 SOP Step 1: Determine the direction
First, let's look at the first step of the SOP, judging the direction. We can use the yellow BB channel and the blue BB channel in Figure 1 to determine the direction of the market. If the yellow BB channel is short and the blue BB channel is long, then the market is also long.
💖 SOP Step 2: Determine the buy point
Next, let's take a look at the second step of SOP, identifying the buy point. We can use the diamond symbol and the blue K-line in Figure 2 to find key K-points. When the diamond symbol and the blue K-line appear, the key K-point is found. Then, we need to confirm it. When the key K point is confirmed, it will become a buy point. Also, we need to pay attention to setting the stop loss point, which should be set at the low of the key K line.
💖 SOP Step 3: Identify the sell point
Finally, the third step of SOP is to identify the selling point. When an orange spherical K-line appears and is confirmed, it becomes a selling point. As shown in Figure 3, when an orange ball K-line appears and is confirmed, it is time to consider selling.
Conclusion
🆙🆙 With the above guidance, I believe you have a good understanding of how to use the "Poetic Soul MJ Indicator 4.0". When using this indicator, please pay attention to setting stop-loss points to avoid excessive risk. Also, please practice more and I believe you will be able to achieve better results in your trading.
Finally, I hope you will find this tutorial helpful. If you have any questions or need further information, please feel free to ask in the comment section and we will answer your questions as soon as possible.
👨‍💼👨‍💼 In addition to the SOP hands-on tutorial mentioned above, we can also learn more about other ways to use the "Poetry Soul MJ Indicator 4.0", such as making stocks We can also can learn more about other ways to use "Poetry Soul MJ Indicator 4.0", such as stock selection, trend analysis, risk control, etc. We believe that through continuous learning and practice, you will be able to better master the skills of using this indicator and further improve your trading skills and results.
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