Look Left
Why left?
We look at left.we try to find a reason .
Why?
Where it is coming for?
Where is it going?
Where is last origin?
What about last targets?
There is tons of question when you want to start trading.
You are alone with a very hard puzzles when you want enter a trade.
Everything is because of orders;this is what that run market .
Barriers:
Those can be everything on your charts; a top or bottom ,a support or resistance ,a fresh demand or supply ,a box full of several kind of buy and sell orders ,each designed to move price toward short or long term targets.
No difference if this box is from one minute or monthly chart .only it can be difference because of its skill.
So as a trader you have a very difficult job to do .
Look at it as a long term business ,you can not risk 50%and save your account because this way you are gambling not trading ,a good trader touch this with blood that never enter in a trade because of a chance ,he or she only enter in a position when there is a good set up ,when risk reward are acceptable. And this trader have a plan in mind and knows where should stop if analyze was wrong.
Everything in our chart is because of orders.
There is best area to play where you may not be able to see it ,you need to analyze sevral time frames even tick chart to find best places.
I will try to show you best possible areas for a good set up but believe me i can be wrong as well.so forget holy grail,forget signlas groups ,forget un usless indicatores and expert.
Just try to learn,use a journal ,watch price action,find reasons why price have such approach?
Is there a place closed to this area to put a trade?
If yes then look to risk reward.
How to enter and how to exit.
Why i ask you look at left?
Why i adlsk you analyze a box on the left?
Because there is a few area on the chart that are very important to us .
As i said before we look at three part of a chart :
Base
Pole
Flag
This three area are very important:
Base :where we have an area that supply and demand are equal then one group of players break top or bottom. accumulation/distribution zone.
Pole: Our mark up/down move ,where we have strong up or down candles that creat our trends.
Flag: where price reach its target, so bog players need to revrse peice ,they start to creat a new zone ,we as price action traders can watch what is going and where it remove last buy or sell areas, so this gove us a clue to get ready to enter a trade when it retrace to load main orders.
I have to say here it is not possible to speak about details of flags or flag limits that keep price up or down but i will try to shpw you best tricks they use.
More than all important is decisions where big player decides that price is too expensive or too cheap.
You must always find start of a move and its tartget then it is very easy to enter a trade.
Always look left then what is in place right now.
Good luck
Why left?
We look at left.we try to find a reason .
Why?
Where it is coming for?
Where is it going?
Where is last origin?
What about last targets?
There is tons of question when you want to start trading.
You are alone with a very hard puzzles when you want enter a trade.
Everything is because of orders;this is what that run market .
Barriers:
Those can be everything on your charts; a top or bottom ,a support or resistance ,a fresh demand or supply ,a box full of several kind of buy and sell orders ,each designed to move price toward short or long term targets.
No difference if this box is from one minute or monthly chart .only it can be difference because of its skill.
So as a trader you have a very difficult job to do .
Look at it as a long term business ,you can not risk 50%and save your account because this way you are gambling not trading ,a good trader touch this with blood that never enter in a trade because of a chance ,he or she only enter in a position when there is a good set up ,when risk reward are acceptable. And this trader have a plan in mind and knows where should stop if analyze was wrong.
Everything in our chart is because of orders.
There is best area to play where you may not be able to see it ,you need to analyze sevral time frames even tick chart to find best places.
I will try to show you best possible areas for a good set up but believe me i can be wrong as well.so forget holy grail,forget signlas groups ,forget un usless indicatores and expert.
Just try to learn,use a journal ,watch price action,find reasons why price have such approach?
Is there a place closed to this area to put a trade?
If yes then look to risk reward.
How to enter and how to exit.
Why i ask you look at left?
Why i adlsk you analyze a box on the left?
Because there is a few area on the chart that are very important to us .
As i said before we look at three part of a chart :
Base
Pole
Flag
This three area are very important:
Base :where we have an area that supply and demand are equal then one group of players break top or bottom. accumulation/distribution zone.
Pole: Our mark up/down move ,where we have strong up or down candles that creat our trends.
Flag: where price reach its target, so bog players need to revrse peice ,they start to creat a new zone ,we as price action traders can watch what is going and where it remove last buy or sell areas, so this gove us a clue to get ready to enter a trade when it retrace to load main orders.
I have to say here it is not possible to speak about details of flags or flag limits that keep price up or down but i will try to shpw you best tricks they use.
More than all important is decisions where big player decides that price is too expensive or too cheap.
You must always find start of a move and its tartget then it is very easy to enter a trade.
Always look left then what is in place right now.
Good luck