Hey Traders,
Technical Analysis is really the art of identifying probability within any market. Seeing where traders have acted previously and using it as a machine to calculate the kind of odds you have.
Reactive price areas, not points, are usually places where orders have gone in and out and therefore can be identified as probable/improbable based on their frequency over time and their structure / formation.
Fundamental Analysis relies on the mood of the market, often particularly central banks, based on recent economic data and how it will change the view of the progress of an economy.
Both of these together are powerful and absolutely necessary, but only when delivered in the correct way/format.
Here's how I do it everyday.
Technical Analysis is really the art of identifying probability within any market. Seeing where traders have acted previously and using it as a machine to calculate the kind of odds you have.
Reactive price areas, not points, are usually places where orders have gone in and out and therefore can be identified as probable/improbable based on their frequency over time and their structure / formation.
Fundamental Analysis relies on the mood of the market, often particularly central banks, based on recent economic data and how it will change the view of the progress of an economy.
Both of these together are powerful and absolutely necessary, but only when delivered in the correct way/format.
Here's how I do it everyday.
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Any shorts now must be light.
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Awaiting News Sentiment. Continued short holding.
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And further (hitting resistance mentioned on video) for shorts.
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Entered shorts.
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Exit shorts. Price too close S and R. Hold off.
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Re short now.
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Exit for gains.
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Renewed Positive Dollar Sentiment. No further longs till Key PA zones below.
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Still not willing to add. Shorts only at higher level areas (blue eclipse)
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Little bit of room for very small light entries.
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NZDUSD Shorts Entered.
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Kill all shorts for gains. Swing Longs far lower. No new entries (unless very, very light long)
risk averse areas remain below:
risk averse areas remain below:
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Free Discord Secret Server:
bit.ly/bpadicsord
Daily Mentoring On Zoom:
bit.ly/prottm
Posts Not financial advice.