A Simple Method Of Evaluating Trade Setups For Everyone - III

More examples of trade setups and how I use my custom algos to help identify stronger trade opportunities from other symbols.

In this example, near the end of this video, I review the QLD chart (Daily) which provides a very clear example of major trend vs. intermediate trend. It is very important trader learn to see these opportunities from all aspects.

Please pay very close attention to the details I'm sharing related to trading concepts and theory. I'm trying to teach all of you to see charts in a different way. See PRICE as the driver of trends, and counter-trends, as Fibonacci Price Theory describes.

Basic Rules of Fibonacci Price Theory:

1. Price is ALWAYS seeking new highs or new lows - ALWAYS.
2. Failure to establish a new high means price will attempt to retest/break recent/new lows.
3. Ultimate HIGH/LOW levels are critical to understanding major trends vs. intermediate trends.
4. If you have trouble identifying a clear trend on a Daily chart, try Weekly or 240 min as an alternative.
5. If you still can't identify trend clearly, wait it out. Price will ALWAYS attempt to make new highs/lows. Sometimes, you have to be patient and wait for consolidation trends to work themselves out.

My objective is to show you how I look at charts and identify trade opportunities. Simply put, I just trying to help you see and understand simple TA theories and to help you learn to identify great trade opportunities.

Hope you enjoy.