EURUSD : Playing with time - support/resistance
The chart above explains.
Often in a chart, there are many candles. Most, if not ALL of us will try to make sense of these candles by using lines - trendlines. Or indicators, which measure the highs and lows over a certain period.
But if we are observant enough, out of so many candles in a chart, there is just ONE to look at EVERYDAY which tells us the SENTIMENT of the MARKET MAKER!!!
Often in a chart, there are many candles. Most, if not ALL of us will try to make sense of these candles by using lines - trendlines. Or indicators, which measure the highs and lows over a certain period.
But if we are observant enough, out of so many candles in a chart, there is just ONE to look at EVERYDAY which tells us the SENTIMENT of the MARKET MAKER!!!
Note
By now, we can all see CLEARLY how the price reacts to the support lines shown in the chart. There is no volume profile needed. There are no trendlines. This is all about understanding the ACTIONs of the MARKET MAKERS.
The hardest part of 'Playing with time' is knowing the support/resistance. By now, a few of you should know what to do with entry/exit/SL - it will still require a considerable amount of IQ to figure it out. And you would see that the risk/reward is GOOD.
Else, we can still use the 'D' which you can find easily. Sell @ 1.1220/30 with SL @ 1.1240.
Now we can see the 'difference' between Playing with Time and Playing with 'D'
Good luck.
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