What is the best indicator? ✨
The price is most important component on the charts, and it is the first instrument on which we should base our trading plans.
Be always sure to don't use many indicators on your charts, it could lead to hide the price and turn to be not that efficient.
Price Action is the only truth. 💯
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As I have just explained about supply and demand, all the big order flow and big supply/demand that is going to give price the big push is sitting at the major levels. That is why especially pairing a support or resistance level with a strong trend can be a super powerful combination.
To make a successful high probability trade setup, price action traders need to plot these support and resistance levels beforehand. When price then gets to these levels, it is about waiting for price to make a trigger signal, and then pouncing quickly.
If you are serious about this business, and you want to take your trading to the next level,
I highly recommend you to get your copy as soon as possible , because the eBook is not going to be up
and available for so long.click on the link in bio or send me a private message.
an other example of how the market moves and changes direction, as you see the market made an impulsive move and a corrective move after that price enters in a distribution pahse.the distribution phase is when buyers
took profits, and get out of the market, so the market goes down.
when buyers see the market goes down, they enter again but this time as sellers ,and we can see an other series
of impulsive and corrective moves.
if you want to learn how to read and trade the market, i highly recommend you to get your copy of the candlestick trading bible ebook.
As you see after drawing a Fibonacci retracement the market formed a dojo that was rejected from 50% and 61.8% fibo to indicates the end of the corrective move and the beginning of another impulsive move down .This is how we use Fibonacci retracements in our trading
Remember: “Buy the dips, and sell the rallies“.
This famous industry quote says it all regarding how to position yourself into a trend correctly, and avoid the chance of being taken out by corrections.
Look for selling opportunities when the market is showing temporary strength in a bearish downtrend, or watch for buying opportunities when a market is showing temporary weakness in a bullish uptrend.
If you are serious about this business, and you want to take your trading to the next level, I highly recommend you to get your copy as soon as possible , because the eBook is not going to be up and available for so long.
click on the link in bio or send me a private message.