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The idea itself is interesting, but it does not give a clear answer to the question of where the price will go and most importantly when. Price and time are not related.
Price will always go up or down at some point, and for profitable trading it is very important to know WHEN to go there.
The market, maybe it does count. But where is the accounting for the two constituents - speculative and non-speculative (let's call it that)? Do you think that elasticity is enough to account for?
You do realise that for the non-speculative part of the participants the price does not matter much (within reasonable limits), don't you?
The idea itself is interesting, but it does not give a clear answer to the question of where the price will go and most importantly when. Price and time are not related.
Price will always go up or down at some point, and for profitable trading it is very important to know WHEN to go there.
1. If you do not find the answer, where the price will go, you should carefully reread the branch from the beginning;
2. The question "when" cannot be answered within the framework of this theory, because it is not based on "time", but indirectly, by the pattern of levels movement in the price field, the time can be estimated.
3. In order to make a profitable trade, you must first evaluate the market condition. It turns out that the time factor is not important to the price movement, and you still want to bind everything to time, the old-fashioned way. I understand that psychologically it is difficult to imagine it, but we have to recognize this fact and we have to learn to bind our actions to the market condition, not to time.
... It is important to know not only when but for how long.
Yusuf, so show in practice linking actions to market states.
Briefly outline what market states exist and what actions should accompany those states. Express the actions in terms of Buy, Sell, out of the market. And at least for a month, give your forecast at 00:00 MSK.
Золото, сложилась ситуация, близкая к Евро/Доллару, Цена должна идти вверх. Здесь в облике Медведей действуют участники рынка, а в облике Быков - сам Рынок:
It remains to be seen which line is the lion
On the EURUSD, the bears came in droves.
And the Lion drove them to meet the Bulls at 1.1152:
And the Lion chased them to meet the Bulls at the 1.1152 level:
There is a consolidation of the "market beasts". , for me it would be better to stand on sale with the bears. There is a lot of money in the market. I think it is not the bulls who have invested.
Therefore, a sharp drop in price becomes real.