jojofang0901

Impulse VS Correction - Price Action Analysis

Education
OANDA:GBPJPY   British Pound / Japanese Yen
Hello everyone:

In this educational video, I will go over what an impulse and a correction is in the market.
I will point out how to distinguish them in different time frames, and give a few examples on them as well.

The market can only be in two phrases.
Either its in an impulsive phrase, or a corrective phrase.
It doesn't matter what market or the time frames you are looking at, there will always be impulses and corrections.

So, what is an impulse, and what is a correction?

Impulse - price is in the high momentum period, and it's moving very fast.
Correction - price is consolidating, and moving sideway, or slowing ascending/descending sideway price action.
Determine what is impulse, and what is correction will give you a better edge in the market. You don't want to get trapped in the consolidation within the corrections.

How can I utilize this to my analysis ?
Multi-time frame analysis:
From HTF, top down approach, Understand what HTF is doing and go down to LTF for confirmation and entries for the best R:R.

Thank you

Comments

Love it.
+1 Reply
thanks for sharing it! 🦐🦐🦐
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Thanks for sharing! Your entries are usually in what time frame?
Reply
jojofang0901 gilbarbosa
@gilbarbosa, entries will be on any LTFs to have the best RR :)
Reply
Thanks
Reply
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