Here's a breakdown of the steps you can follow to analyze the 15-minute chart based on your strategy:
Identify a Valid Break of Structure (BoS):
On the 15-minute chart, find the most recent significant swing point where the price broke a previous structure. This is your BoS.
Mark the Swing High and Swing Low associated with this BoS.
Mark Internal Pullbacks...
Price action is key for understanding the major market bias and also for managing risk.
On top of that, understanding Price Action will give a better understanding of where other traders may be trapped and will help structure your trades.
In the video, I talk through the DOW Index and price action from the previous session. I look at where we were looking for...
