How To Conduct A Full Tech/Fundamental Market Analysis
Hey Traders,
Technical Analysis is really the art of identifying probability within any market. Seeing where traders have acted previously and using it as a machine to calculate the kind of odds you have.
Reactive price areas, not points, are usually places where orders have gone in and out and therefore can be identified as probable/improbable based on their frequency over time and their structure / formation.
Fundamental Analysis relies on the mood of the market, often particularly central banks, based on recent economic data and how it will change the view of the progress of an economy.
Both of these together are powerful and absolutely necessary, but only when delivered in the correct way/format.
Here's how I do it everyday.
Technical Analysis is really the art of identifying probability within any market. Seeing where traders have acted previously and using it as a machine to calculate the kind of odds you have.
Reactive price areas, not points, are usually places where orders have gone in and out and therefore can be identified as probable/improbable based on their frequency over time and their structure / formation.
Fundamental Analysis relies on the mood of the market, often particularly central banks, based on recent economic data and how it will change the view of the progress of an economy.
Both of these together are powerful and absolutely necessary, but only when delivered in the correct way/format.
Here's how I do it everyday.
Note
Any shorts now must be light.Note
Awaiting News Sentiment. Continued short holding.Note
And further (hitting resistance mentioned on video) for shorts.Note
Entered shorts.Note
Exit shorts. Price too close S and R. Hold off.Note
Re short now.Note
Exit for gains.Note
Renewed Positive Dollar Sentiment. No further longs till Key PA zones below.Note
Still not willing to add. Shorts only at higher level areas (blue eclipse)Note
Little bit of room for very small light entries.Note
NZDUSD Shorts Entered.Note
Kill all shorts for gains. Swing Longs far lower. No new entries (unless very, very light long)risk averse areas remain below:
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Disclaimer
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.