How to analyze any market from scratch #3
Hello everyone:
Many of you have asked me to continue making more of these analysing from scratch video, so I have prepared another one here for you today.
Not only will we refresh the previous 2 educational videos on this topic, I will go into a bit more details on the confirmation on the lower time frames with multiple examples in the chart.
Recall from the previous videos I made, when we want to analyze the chart from scratch, we always start:
1. From the higher time frames (HTF) to identify the impulse/correction phases of the market conditions so we can come up with a possible bias and direction of the current price.
2. Once we have a possible direction and bias, then we go down to the lower time frames (LTF) to also identify the impulse/correction phases which will lead to your confirmation and entry.
These are simple steps to follow, based on multi-time frame analysis, top down approach.
Many have told me it's not hard to identify the HTF’s impulse and correction, but what can be classified as a LTF confirmation before entry?
Let's take a detail look into a few examples:
A LTF confirmation is when the price is developing a few more price action structures/patterns that align with your HTF direction and bias.
These can be continuation/reversal corrections on the LTF; impulse phases on the LTF that go with your bias on the HTF; multiple corrections within the larger corrections (patterns within patterns)...etc.
The more of these LTF price actions you can identify, the more it strengthens your analysis and forecast on the HTF.
Thank you
Do check out my previous educational contents on this same topic to better learn my approach to analyse any market from scratch.
How to analyze any market from scratch #1
How to analyze any market from scratch #2
Many of you have asked me to continue making more of these analysing from scratch video, so I have prepared another one here for you today.
Not only will we refresh the previous 2 educational videos on this topic, I will go into a bit more details on the confirmation on the lower time frames with multiple examples in the chart.
Recall from the previous videos I made, when we want to analyze the chart from scratch, we always start:
1. From the higher time frames (HTF) to identify the impulse/correction phases of the market conditions so we can come up with a possible bias and direction of the current price.
2. Once we have a possible direction and bias, then we go down to the lower time frames (LTF) to also identify the impulse/correction phases which will lead to your confirmation and entry.
These are simple steps to follow, based on multi-time frame analysis, top down approach.
Many have told me it's not hard to identify the HTF’s impulse and correction, but what can be classified as a LTF confirmation before entry?
Let's take a detail look into a few examples:
A LTF confirmation is when the price is developing a few more price action structures/patterns that align with your HTF direction and bias.
These can be continuation/reversal corrections on the LTF; impulse phases on the LTF that go with your bias on the HTF; multiple corrections within the larger corrections (patterns within patterns)...etc.
The more of these LTF price actions you can identify, the more it strengthens your analysis and forecast on the HTF.
Thank you
Do check out my previous educational contents on this same topic to better learn my approach to analyse any market from scratch.
How to analyze any market from scratch #1
How to analyze any market from scratch #2
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