Hello guys, this is my personal contribution after this years of trading, for those who are new in this amazing world, heres a simple metohd but strong understanding about something we just know ist a fact but in the impulsive and impatient need of make money we ignore it, and that its the Trend.
The First thing most important here is, the Higher Time Frame, The Clearest the direction of the current flow of orders, so as first instance, we as traders, have as 1st thing to check is, the direction of the Daily at least, but the higher the clearest as we say it already.
Once we have Defined the direction the Daily TimeFrame, we are getting down to the lowers Time frames, Mainly H4 & H1, we are going to divide the trend in 2, the Trend of the Daily TF and the Direction of H4 TF, Having in mind, that the direction of the Higher TF Rules. Once we have clear that, we Expect the Market its Traded as the same direction in H4 TF, but if we see is in Oposite direction, this could be and retracement of the current trend of Daily. So Basicaly im going to share with you an simple but very powerful indicator, until we as traders, can identify this without any indicator, pure price action as LL & LH in a Down Trend.
The First thing most important here is, the Higher Time Frame, The Clearest the direction of the current flow of orders, so as first instance, we as traders, have as 1st thing to check is, the direction of the Daily at least, but the higher the clearest as we say it already.
Once we have Defined the direction the Daily TimeFrame, we are getting down to the lowers Time frames, Mainly H4 & H1, we are going to divide the trend in 2, the Trend of the Daily TF and the Direction of H4 TF, Having in mind, that the direction of the Higher TF Rules. Once we have clear that, we Expect the Market its Traded as the same direction in H4 TF, but if we see is in Oposite direction, this could be and retracement of the current trend of Daily. So Basicaly im going to share with you an simple but very powerful indicator, until we as traders, can identify this without any indicator, pure price action as LL & LH in a Down Trend.