When it comes to learning about markets and trading, finding the right path and committing to it is the hardest part. The right path has little to do with any technical analysis method. It has to do with structuring our mental framework so that we fundamentally change how we experience markets, trading, and loss.
In the video, I show some Median Line and...
In this short video, I show you what I expect from what I do, using Action/Reaction.
It's on purpose, that I don't give any further explanation - just stay curious, try to figure it out, learn, prove, and earn with what you come up with from the study.
It's only you that can make it possible.
Happy trading
Pitchfork tutorial
On oil
But could be on anything
Major pivots ABC
high low high
or
low high low
Using tradingview's excellent pitchfork tools
GRI 2022
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
BENEFITS AND RISKS OF TRADING 101
a) Market Action
Market Action is determined as the summary of data showing the trading activities in the market, which determines the differentiation between the price of the currency on which profit or loss can be generated. The rate of change in profit and loss is provided in...
Just take a minute and study this chart.
Price has often the tendency to morph from a minor structure into a major one.
However, there are similarities and we can find them out by understanding the connections between the movements of price.
Study the chart peace by peace and you will learn more then if you read a new book about a new trading...
Video Nr. 1
I explain the quick principals of the Pitchfork and how we use it.
Parallel to the educational benefit, you get the analysis of the NQ and a good feeling, where we are in the whole big picture.
If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free course:
1. Klick the link at the...
Many weeks ago, I freshly published this chart. I wanted to make a longterm project out of it.
The idea behind this chart is, to show you LIVE how pure Action/Reaction works - and that it's not a mystery, fake or something "balloonie".
Here you have 5! reactions in a relative short period of time. Let's go through them right now:
1 Overshoot and fall back...
In this chart you see a Fork that seems to work great.
The touches at the lower medianline parallel are perfect...but it's a self-deception if you use the Forks this way!
Don't try to fit the market into your tools, never never!
And why?...because you get faked information, leading to wrong decisions, leading to bad trades and to bad losses.
What you need...
I had not clue about this chart.
So, I was laying back, squeezed my eyes and let it shine on me (...nope, not smoked anything hehe...).
Then it comes together, peace by peace.
Here's how I approach any new analysis.
- Swings & Pivots
- Identify the trend and the flow
- some support & resistance
- action/reaction & forks
- patterns...as far as I can see them...
