Watch this video as I go in depth on how to formulate or encompass Risk to reward and win to loss ration into your current trading along with difference between and my personal opinions on both in regards to how they should be used. ENJOY!!!
This video is longer than my usual however I explain what an Imbalance is and how it can be used to trade within the markets. I also go through a replay back to show it can be used to catch confirmation entries. Any feed back is greatly appreciated.
the market is a very volatile place but it is the best place to be if you're on the right side of the move. this case study should bring a lot of components I use in my trading strategy which are time price action and liquidity purges.
The Dollar Index chart is part of our educational article "Elliott Wave Case Study - Dollar Index and the Alternation Concept."
This chart is part of our educational article "How to Analyze a Fast Market Using the Elliott Wave Principle."
Many times trader likes to play tight range but inevitably get caught by fake breakouts. What they do not realized is that the range they are trying to trade in is the consolidation phase. Consolidation phase in general is MEANT TO whipped out weak holders before the real move happen! This is why traders always get stopped out AND THEN the trade goes in their...