Until today, the six lessons in the Trading System Construction Series have all been completed. From candlestick recognition to trend structure, from position selection techniques to signal resonance, from order placement to closing the loop, and from patience to wait — we have spent a week laying the foundation of a complete trading system.

What exactly have we learned in these six lessons?

Lesson One: Candlestick Recognition — Understanding four prices, bodies, shadows, and the traces of bullish and bearish battles

Lesson Two: Trend Structure — Distinguishing main trends, secondary corrections, short-term fluctuations, and learning to follow the trend

Lesson Three: Positioning — Using support and resistance to determine buy and sell points, finding high reward-to-risk entry zones

Lesson Four: Monitoring for Signals — Volume and price resonance + indicator resonance, only acting on high-probability triggers

Lesson Five: Practical Order Placement and Closing the Loop — Building positions, adding positions, stop-loss, take-profit, each step with a method

Lesson Six: Trading is about waiting — Aim carefully before firing, patience is professionalism

These six lessons are not “secrets” or spells for instant wealth after listening. They are an executable, reviewable, and optimizable systematic framework. You can't become an expert after just one listen, but you can print out these notes, compare each point before every trade, and refine your discipline during execution.

The core of Lesson Six: Why is “waiting” more important than “acting”?
Many friends have learned a lot of techniques but still lose money when they open a position. The reason is simple: your hands move faster than your brain.

In Lesson Six, we repeatedly emphasize a harsh truth: 90% of the market time is not worth trading. Range-bound, chaotic, false breakouts, news chaos... rushing in at these times is like giving away money.

True experts might only monitor the market without placing a single order in a day, and only make two or three trades in a week. They don’t lack opportunities; they only choose “high-probability + high reward-to-risk” opportunities.

Holding cash is not wasteful; it’s professional. Patience is not cowardice; it’s a core quality of top traders.

We also provide specific methods:

Establish a “Trade Check List”: Has the price reached a key level? Is volume cooperating? Is there MACD divergence? Is RSI turning? Is the candlestick pattern confirmed? Is there multi-timeframe resonance? At least 3-4 conditions must be met before opening a trade.

Three principles: Understand before opening (logic), confirm signals before opening (not impulsive), follow the system (discipline).

Absolutely avoid: Asking around, looking here and there, indecisiveness. Make independent decisions, don’t follow others, don’t copy.

Top state: When there’s no opportunity, stay calm as still water; when there is an opportunity, move swiftly like a rabbit; when holding a position, execute discipline like a machine.

Finally, I give you four sentences worth engraving on your trading desk:

Don’t act without signals; don’t hesitate when signals appear; don’t be lucky with stop-loss; don’t be greedy at take-profit.

These four sentences are the essence of the six lessons and the first hurdle for moving from “knowing” to “doing.”

From “Tao” to “Skill”: Next week, we will start practical indicator analysis
The six lessons cover “Tao” — the logic, framework, mindset, and discipline of the trading system. But many friends say: “Yibo, I understand the principles, but when I open the chart and see moving averages, Bollinger Bands, MACD, KDJ, RSI, volume... I still don’t know how to combine them.”

So starting next week, we will split the lessons, each focusing on one technical indicator, explaining thoroughly, practically, and how to use it during trading.

Monday: Application of MA moving averages in trading (Lesson One + Two)

Single MA: How to use 20/60/120 moving averages to judge trend direction and dynamic support/resistance

MA combinations: Golden cross, death cross, bullish/bearish arrangements as practical filtering conditions

Grebban’s Eight Laws: Specific signals for MA pullbacks, breakouts, divergences

Resonance with other indicators (e.g., MA + MACD)

Tuesday: Application of Bollinger Bands in cryptocurrency trading (Lesson Three)

Meaning of the three-band Bollinger: Middle band indicates direction, upper and lower bands are limits

Contraction and expansion: How to use Bollinger Bands to identify reversal points

Three strategies after touching upper/lower bands (trend-following, reversal, observation)

Bollinger + RSI overbought/oversold resonance

Wednesday: Practical application of MACD in crypto (Lesson Four)

MACD parameter optimization: suggestions for adjusting to crypto volatility (e.g., (5,34,5) to enhance sensitivity)

Significance of zero line: long above zero, short below zero

Filtering golden/death crosses: prioritize divergence, prioritize position

Practical capture of MACD top/bottom divergences (with volume confirmation)

Thursday: Practical use of KDJ (Lesson Five)

Sensitivity and false signals of KDJ: how to filter with multiple timeframes

Extreme J values (>100 or <0): short-term reversal signals

Multi-timeframe KDJ resonance (15 min + 1 hour + 4 hours)

Using KDJ in conjunction with trendlines

Friday: Practical application of RSI (Lesson Six)

RSI’s 30/70 thresholds and failure in trending markets (in bull markets, RSI can go above 80 and still be valid)

RSI divergence more important than overbought/oversold

Drawing RSI trendlines (leading price breakthroughs)

Multi-timeframe RSI resonance for bottoming and topping

Saturday: How to use volume and price indicators (additional Lesson Seven)

Four classic volume-price patterns (breakout with volume, pullback with low volume, stacking volume, divergence)

Volume distribution chart (VPVR) to identify real support/resistance zones

OBV indicator usage (to judge true fund flow)

Special considerations for volume-price relationships in futures trading (volume expansion with stagnation, volume contraction rebound)

How to truly “learn”?
I know many friends enjoy the lessons but forget everything once they close their phones. So I give three suggestions:

Organize the core content of each lesson into notes — don’t just save them, digest them. Even three sentences are better than listening to ten lessons and forgetting nine.

For each indicator learned, find three historical cases on the current chart — one success, one failure, one ambiguous. Ask yourself: if it were me, how would I judge? This practice is more effective than listening to ten repetitions.

Post the “Trade Check List” from Lesson Six beside your computer. Starting next week, check off each item before opening a trade. Stick with it for a month, and your trading frequency will naturally decrease, your reward-to-risk ratio will improve.

Final words
The six lessons are over, but your trading journey is just beginning.

The system is a tool; execution is key. No matter how much you learn, if you still rely on feelings, stubbornness, greed, or fear when placing orders, these lessons are wasted.

Starting next week, I will guide everyone through real-time indicator analysis in live sessions, using historical and live market data to teach you how to use moving averages, Bollinger Bands, MACD, KDJ, RSI, and volume-price to judge direction, find positions, wait for signals, and set stops.

You don’t need to catch every wave; you only need to catch the ones that belong to you.

I am Wang Yibo, and this is Yibo Talks Crypto. See you in next week’s live session!