How to read a chart – Putting SR / SD in perspective
in this thread i am going to shed some mild on how to read a worth chart.
there’s a lot of hocus pocus and conspiracies going about when it comes to buying and selling.
i hope i can clear the mud for some, and present you the one factor that ever actually labored for me.
what you will discover right here:
- how to read a pattern
- how to read momentum
- how to differentiate between low-cost & costly costs
- how costs flip
- how ranges work
what you will not discover:
- a get wealthy fast system
- a step-by-step information
i am certain most of you’ve gotten some expertise with sr & sd strategies, and like most issues in buying and selling, they type of work.
they do not work to the extent although you can persistently generate income off of them. at the very least that was my drawback with most sr/sd methods.
took me a very long time to understand that drawing ranges on a chart is simply like 10% of the method. and that it would not matter precisely the way you draw your sr or sd ranges, so long as you see them type of work. to commerce it profitably, you want to perceive how to read a chart.
you will not want any indicators, or templates to observe this thread. a easy bar or candlestick worth chart will probably be sufficient.
i will do my finest to preserve the thread operating with reside time charts, though i would suggest everybody to make use of their chart historical past.
the charts i will put up in right here will probably be futures & spot fx.
be happy to ask questions.
good luck everybody