Good lovely morning to you all, I saw most of you liked my previous and first post, well that love was FIRE for me and I appreciate the love.
Now these questions are from my student (WHAT REALLY MATTERS IN TRADING? CHART PATTERN OR CANDLE STICKS?)
Firstly, every little thing you have learnt from your beginners class till date is valid and just as in commerce we have complimentary(goods) demand and supply, it's the same way and pattern with forex.
Let me start by explaining what I mean by complementary goods; These are commodities or product take cannot be consumed on its own. EXAMPLES:
**CAR NEEDS GAS TO MOVE
**PHONES NEED IT'S CHARGERS
SO do chart patterns and candle sticks in combination with smc need each other for a successful trade.
Secondly, do not depend solely on your chart patterns forsaking a particular candle stick that needs to be formed for a confirmation entry and also do not say a candle stick formed and forsaking SMC ( LIQ, FVG(IMB))) in the market.
Lastly, the market is always right, so when trading learn to train your eyes to see CHART PATTERN formations, CANDLE-STICKS formations and spot your LIQ and FVGs. The market takes you out.
NOTE: NEVER TRADE AGAINST THE TREND.
You can also leave a comment on what you would like me to talk about or ask a question
Now these questions are from my student (WHAT REALLY MATTERS IN TRADING? CHART PATTERN OR CANDLE STICKS?)
Firstly, every little thing you have learnt from your beginners class till date is valid and just as in commerce we have complimentary(goods) demand and supply, it's the same way and pattern with forex.
Let me start by explaining what I mean by complementary goods; These are commodities or product take cannot be consumed on its own. EXAMPLES:
**CAR NEEDS GAS TO MOVE
**PHONES NEED IT'S CHARGERS
SO do chart patterns and candle sticks in combination with smc need each other for a successful trade.
Secondly, do not depend solely on your chart patterns forsaking a particular candle stick that needs to be formed for a confirmation entry and also do not say a candle stick formed and forsaking SMC ( LIQ, FVG(IMB))) in the market.
Lastly, the market is always right, so when trading learn to train your eyes to see CHART PATTERN formations, CANDLE-STICKS formations and spot your LIQ and FVGs. The market takes you out.
NOTE: NEVER TRADE AGAINST THE TREND.
You can also leave a comment on what you would like me to talk about or ask a question
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.