Hey, traders. Here's the example of the trades we found in my live trading room this morning. We identified the bearish
bias and key levels on Daily timeframe
and made a decision to find some sell opportunities on our trading timeframe. The chart shows these key levels. Here we have a downtrend installed. I tell my students again and again that a trend is tendency of price ot move in one direction and it is identified as a series of higher highs and higher lows or lower lows and lower highs. Look at the chart and tell me if we have one. Using my ACS-based swing identification technique we calculate our swings.... Yeah, this is what we do. We calculate swings. Pure maths. Then we compare one swing to another to see the ralationships between the swings. There're many type of swings in my approach differentiated by their relationships but to start drawing the pattern we only take a swing that is called "confirmation sign". The rest is simple - stretch fibs and bla bla bla
Hope this explanation was useful. If you have some questions about my approach or about my live trading room then live me a private message.
Click those like buttons if you find my ideas interesting.