IMPULSE AND CORRECTION CONCEPT
HI EVERYONE. I HOPE YOU ARE ALL ENJOYING YOUR WEEK SO FAR.
HERE I HAVE PREPARED AN EDUCATIONAL POST ON MY TRADING CONCEPT. THE WAY I TRADE IS PRETTY SIMPLE. I LOOK FOR IMPULSE AND CORRECTION ON A CHART AND PLACE A TRADE BASE ON THOSE INFORMATION.
IMPULSE: IT IS A SERIES OF LONG CANDLES WITH STRONG IMPULSIVE MOVE AND THEY ARE USUALLY VERY FAST.
CORRECTION: IT IS A SERIES OF SHORT CANDLES WITH SLOW MOVEMENT AND TAKE A LONGER TIME TO MOVE.
ONCE I IDENTIFY A CORRECTION, THEN I CAN ANTICIPATE THE NEXT IMPULSE SO IT MAKES IT VERY EASY FOR ME TO GET INTO THE MARKET WITH THE BEST POSSIBLE ENTRY AND A MANAGEABLE RISK.
I HOPE THESE INFORMATION ARE HELPFUL. I WILL COVER MORE DETAILS IN THE NEXT POSTS ON HOW TO IDENTIFY THESE CORRECTIONS TO BE ABLE TO ANTICIPATE THE NEXT IMPULSIVE MOVE.
HAVE A GOOD WEEKEND ALL.
HERE I HAVE PREPARED AN EDUCATIONAL POST ON MY TRADING CONCEPT. THE WAY I TRADE IS PRETTY SIMPLE. I LOOK FOR IMPULSE AND CORRECTION ON A CHART AND PLACE A TRADE BASE ON THOSE INFORMATION.
IMPULSE: IT IS A SERIES OF LONG CANDLES WITH STRONG IMPULSIVE MOVE AND THEY ARE USUALLY VERY FAST.
CORRECTION: IT IS A SERIES OF SHORT CANDLES WITH SLOW MOVEMENT AND TAKE A LONGER TIME TO MOVE.
ONCE I IDENTIFY A CORRECTION, THEN I CAN ANTICIPATE THE NEXT IMPULSE SO IT MAKES IT VERY EASY FOR ME TO GET INTO THE MARKET WITH THE BEST POSSIBLE ENTRY AND A MANAGEABLE RISK.
I HOPE THESE INFORMATION ARE HELPFUL. I WILL COVER MORE DETAILS IN THE NEXT POSTS ON HOW TO IDENTIFY THESE CORRECTIONS TO BE ABLE TO ANTICIPATE THE NEXT IMPULSIVE MOVE.
HAVE A GOOD WEEKEND ALL.
Comment:
If you would like to know the rules of becoming successful in trading, please see my previous post:
