tailieunhanh - Guide Trading Forex on Five Hours a Week_1

Tham khảo tài liệu 'guide trading forex on five hours a week_1', tài chính - ngân hàng, đầu tư chứng khoán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | The Wave 29 but definitely not least getting a correct and consistent reading of the Wave clock angle on each time frame. Let s discuss the importance of how you determine what you look at on your chart. Now this is the first time we re actually discussing charting. Before now it s been mainly trends and relationships but here we are going to start getting very detailed about chart set-up because after all this is how you are going to interpret price action and understand the market s movement. One of the reasons you and I have spent so much time discussing concepts is because without this foundation there will come a time that you may abandon these methods because you quite simply don t understand why you were doing it this way in the first place. I think the only way I can prepare you for the rigors of the market is to teach you the why and the how. All instruction without concept is simply going through the motions. I need you to understand why you are doing your analysis in a particular way so that when things get tough you can stand firm knowing that there is a reason for the approach and moreover you will have more confidence. Most traders simply adopt a methodology because they learned it somewhere and likely from a source they had some trust in. But it s not enough for you to have trust in what I am teaching or that I know what I am doing. If you cannot do this on your own what s the point You need to have trust in the instruction as much as the instructor. Market memory is related in many ways to my not using multiple time frame confirmation. Most traders rely upon looking at many time frames so that they can identify key support and resistance levels. If I were to ask you right now to look at a chart any time frame you wish how would you determine how much data you would include in the chart For most traders this is completely random or determined by what is comfortable to look at which again is completely random. The problem with this is that without an