Folks,
You would have all learned that trading is about looking/studying CHARTS. Then you are taught to use various ways of analyzing it. You use trend lines, thousands of indicators available, fake gurus predictions and bla bla bla. What you did not learn is to use your COMMON SENSE. This is always a problem until one day you wake up. But I know for a FACT that many of you do not. Applying common sense requires you to be INTELLIGENT.
If you had spend countless hours observing charts, that is good. But do spend a moment trying to figure out ONE THING - HUMAN BEHAVIOR. I hope that you can start to learn what drives the INSTITUTIONAL BANKS. They are the one having control of price.
I will explain briefly. Then you use your common sense and put yourself in THEIR shoes. This is worth more than analyzing charts.
OBJECTIVE = PROFIT
METHOD = SAME ALL OVER AGAIN
It is appalling to see many traders get caught with the SAME TRICKS all the time. Yes!!!. The use the SAME OLD TRICKS all the time.
If you know that SELLER is in CONTROL, think of what their concerns are at this time of the year and with price already at historic bottom - Its Jackson Hole and the next Dot Plot is next month. If you are a SELLER having accumulated lots of USD, what would you do now? Of course I will TAKE PROFIT and WAIT for the next Dot Plot. It would be foolish to hold on to your USD not knowing what the Fed would do next month.
One thing you must UNDERSTAND is that the INSTITUTIONAL BANKS trade on FACTS. They NEVER trade on PREDICTIONS.
If you use VP, you can now see what they are up to now.
Have a great week.
P/S : As usual, I am just blabbing. Do not just believe what I say. Use your common sense.
You would have all learned that trading is about looking/studying CHARTS. Then you are taught to use various ways of analyzing it. You use trend lines, thousands of indicators available, fake gurus predictions and bla bla bla. What you did not learn is to use your COMMON SENSE. This is always a problem until one day you wake up. But I know for a FACT that many of you do not. Applying common sense requires you to be INTELLIGENT.
If you had spend countless hours observing charts, that is good. But do spend a moment trying to figure out ONE THING - HUMAN BEHAVIOR. I hope that you can start to learn what drives the INSTITUTIONAL BANKS. They are the one having control of price.
I will explain briefly. Then you use your common sense and put yourself in THEIR shoes. This is worth more than analyzing charts.
OBJECTIVE = PROFIT
METHOD = SAME ALL OVER AGAIN
It is appalling to see many traders get caught with the SAME TRICKS all the time. Yes!!!. The use the SAME OLD TRICKS all the time.
If you know that SELLER is in CONTROL, think of what their concerns are at this time of the year and with price already at historic bottom - Its Jackson Hole and the next Dot Plot is next month. If you are a SELLER having accumulated lots of USD, what would you do now? Of course I will TAKE PROFIT and WAIT for the next Dot Plot. It would be foolish to hold on to your USD not knowing what the Fed would do next month.
One thing you must UNDERSTAND is that the INSTITUTIONAL BANKS trade on FACTS. They NEVER trade on PREDICTIONS.
If you use VP, you can now see what they are up to now.
Have a great week.
P/S : As usual, I am just blabbing. Do not just believe what I say. Use your common sense.
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.
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.