Nothing exist on its own… it is going to be silly to think there is no system designed by people to control, process and manage the world trade data.
The system collects all the data and balances it in order to keep the forex, future, crypto market running.
As a trader you need to understand how the system processes these datas to balance the trillions of trades daily.
One of the ways to know how the system processes data is Liquidity. The system can not deliver to you what is not available.
Once you know the meaning of LIQUIDITY, It is your duty to go into the chart and process how you can extract Liquidity data… liquidity can occur at swing point, they can also occur as clusters of order during compression. You have to find out for yourself.
Another way to know how the system processes/manages data is “News (Fundamental Analysis)” Let me tell you a secret for free, News is not entirely gotten from Economy, Business or politics alone, in facts, these elements form only 10% of the News data.
Home work: figure out where news is gotten from ?
Thank you everyone for all your contribution, if I hadn’t found Forex factory I would have gave up trading long time ago, apart from learning, this forum encourages you to keep striving and believing!
my trading style is a bit more advanced than this but it looks close, Study this video. Because I use swing highs and lows resting above or below the liquidity itself for my trading, so often times I don’t get to wait for Liquidity sweep before entry.