Dear Lovely Followers,
As promised in my comments in our 'developing' Short Idea. It's all endorsed on Chart including TIME. Any questions please ask in comment.
The levels are constructed doing 'top down' price action analysis using M,W and D TF's, using trends and channels and structure. Simple. I don't use indicators to make decisions - just evidence.
My chart illustrates RISK on any position you take. It helps you prepare your entries and exits along the way at structure depending on what type of trader you are: scalper, intraday, swing, investor. Don't jump in when you feel like it. It's not a ONE shot view of the market. As price is developing as more evidence unfolds we react to it.
It's your reaction to the evidence is what will pay you, but you will only know how to react after you have done your TA and seen evidence.
The evidence unfolding favourably gives you the confidence which way its going, but RISK is always there even when the evidence is there, this is why stop loss is ALWAYS required so you are SAVED to trade another day.
Trading is about managing risk not making money, constant assessment of risk both upside risk and downside risk. Don't be married to any bias.
Price will do WTF it wants (if you haven't figured that out yet you haven't traded enough) it actually is random with 50/50 odds. Therefore, you should approach trading with that foundation.
As promised in my comments in our 'developing' Short Idea. It's all endorsed on Chart including TIME. Any questions please ask in comment.
The levels are constructed doing 'top down' price action analysis using M,W and D TF's, using trends and channels and structure. Simple. I don't use indicators to make decisions - just evidence.
My chart illustrates RISK on any position you take. It helps you prepare your entries and exits along the way at structure depending on what type of trader you are: scalper, intraday, swing, investor. Don't jump in when you feel like it. It's not a ONE shot view of the market. As price is developing as more evidence unfolds we react to it.
It's your reaction to the evidence is what will pay you, but you will only know how to react after you have done your TA and seen evidence.
The evidence unfolding favourably gives you the confidence which way its going, but RISK is always there even when the evidence is there, this is why stop loss is ALWAYS required so you are SAVED to trade another day.
Trading is about managing risk not making money, constant assessment of risk both upside risk and downside risk. Don't be married to any bias.
Price will do WTF it wants (if you haven't figured that out yet you haven't traded enough) it actually is random with 50/50 odds. Therefore, you should approach trading with that foundation.