Disliked{quote} Hi Ishtana! I don't read this thread often but I have some grasp on what SM teaches. I also try to incorporate somethings in my trading. I think that levels are not the most robust part on his teachings. By robust, I mean it is not very accurate and is not applicable to all pairs(try to find levels on usdjpy or audusd, for example). But, the 2 most important things are: 1. the accumulation 2. where the volume is trapped -> where are the stop loss orders, because it is where liquidity is standing and are vulnerable to be taken. Also, peak...Ignored
This pattern(accumulation, stop hunting and trend move) is very robust and consistent, among not only currency pairs but also in all financial assets. Because this is how things must be done. You have to accumulate first, remove all weak holders and then, mark the prices up or down. This cycle repeats itself over and over again. But, and it is important to remember, the form it will take varies a lot. Remember it: THE FORM VARIES A LOT BUT THE CONTENT IS THE SAME!
Totally agree