Disliked{quote} There are so many 'levels' and I wouldn't know whether to go long or short I struggle to get my brain around this. Maybe I only have a brain for longer-term charts (and then, only half a brain LOL)Ignored
To explain why there are not MANY levels but SPECIFIC levels, here take a look at H4:
- We knew that every rise of price into 1.0266 area was the potential end of a wave A... So we were looking for short opportunities while majority was happy with their longs! = KNOWLEDGE
- The channel breakout happened at 1.0208 and after that new spikes up presented more confident sales for bears.. BUT with help of the ascending channel we also knew that any touches back to its lower edge would provide selling opportunities.. and it did! Bingooooo moments! = EXPERIENCE
- We knew that GREEN line will not allow bears to pass and therefore expected a bottleneck there.. But once one candle closed below it we were ready to sell once again and even with more confidence around 1.0200... = GOOD SYSTEM
Know what you are doing and earn at least good experience before starting any business! I hope it helps...
Best wishes
Be a seer, not a looker!
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