Example for this simpel analysis,... Even though it seems simple, behind it there are many things that must be observed and analyzed.
at a good LPS/LPSY location where there is a market structure in accordance with the HHHL or LLLH or trending market is the best entry place to follow the trending market. This means price is in phasa D and Phasa E
This analysis is to follow the trend, but if we are already a master in this analysis, then every price swing point, you can enter the entry point and already know where the price limit is.
From the picture it can be seen that about 80% of the price movement is in the range / consolidation / sideways trading process so we have to practice your analytical skills and have to be patient and disciplined with your trading plan.
Likewise, the use of money management must be good, at least with a risk return ratio = 1: 1 or more depending on the efforts of smart money in building trends.
Only smart money can make prices go up or down, therefore the relationship between price and volume is very important to understand to see the returns from supply and demand so that it can be seen that bulls pressure or bears pressure dominates price movements. It should be noted that the condition of supply and demand imbalance is not caused by more buyers from sellers or more sellers from buyers, but it all depends on the efforts of smart money, because buyers and sellers are always present in the market all the time. Retail traders are hitching a ride in the smart money market .... so as a retail trader must always be humble in the market by controlling your ego, emotions, fear and greed .... market psychology belongs to smart money (and that's what needs to be analyzed ) and do not belong to retail traders
Hopefully this information will be of use ... let's deepen how to trade financial markets in a self-training and study changes in market behavior / character, including studying the market environment and ways smart money builds prices in the market (tape reading) as R.D Wyckoff taught and the pioneers in this analysis.
at a good LPS/LPSY location where there is a market structure in accordance with the HHHL or LLLH or trending market is the best entry place to follow the trending market. This means price is in phasa D and Phasa E
This analysis is to follow the trend, but if we are already a master in this analysis, then every price swing point, you can enter the entry point and already know where the price limit is.
From the picture it can be seen that about 80% of the price movement is in the range / consolidation / sideways trading process so we have to practice your analytical skills and have to be patient and disciplined with your trading plan.
Likewise, the use of money management must be good, at least with a risk return ratio = 1: 1 or more depending on the efforts of smart money in building trends.
Only smart money can make prices go up or down, therefore the relationship between price and volume is very important to understand to see the returns from supply and demand so that it can be seen that bulls pressure or bears pressure dominates price movements. It should be noted that the condition of supply and demand imbalance is not caused by more buyers from sellers or more sellers from buyers, but it all depends on the efforts of smart money, because buyers and sellers are always present in the market all the time. Retail traders are hitching a ride in the smart money market .... so as a retail trader must always be humble in the market by controlling your ego, emotions, fear and greed .... market psychology belongs to smart money (and that's what needs to be analyzed ) and do not belong to retail traders
Hopefully this information will be of use ... let's deepen how to trade financial markets in a self-training and study changes in market behavior / character, including studying the market environment and ways smart money builds prices in the market (tape reading) as R.D Wyckoff taught and the pioneers in this analysis.
The Average Discount Everything
