Here is a step by step example on how to read the markets and act accordingly
using all illustrated points (as for now) on my blog..
in this example u will see:
How to draw the key levels
how to use them correctly
how to read the actual situation
judge the quality of demand and supply
Buying vs. selling pressure
how and when to position yourself
when to exit
Thursday, May 17, 2012
How To Read The Market
3 comments:
great video sir! Thumbs up!
It's a very good example for the theory. This is the ideal situation. But how many trades are so easy to read?
HI zerg trader
Yes its an almostm picture perfect example..
but the purpose of this blog is also to make it understandable .. for newbies aswell..
text book examples are much more helpfull ..
to explain such situations..
and is i described on this blog u need patience
and only trade crystal clear setups! and if u are a beginner there is no other way around! only trade when the market speaks to you.. and u can identify setups..
however if u get the feeling and know how to read and what to watch out for .. u will see more setups unfold they migtht not look like the same before.. but they behave in teh same manner...
how many tardes are so easy to read.. well not that manny.. but they do occur frequently.. just keep an eye on the market...
however .. i planed topost videos of several trades and analysis.. aswell as a whole trading session..
then u see what is possible if u understood the mechanics of such setups.. ie. how they unfold..
cheers
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