Trade trainingHello guys
This time we came with classic price action training.
As you can see, after a strong upward movement, the price entered suffering and made a ceiling and made a heavy fall, which caused the failure of the previous floor.
Now we can enter into a sell transaction with the first pullback, and our target will be the defined support range.
Now that the price has entered the channel after the spike, we can still enter into a sell transaction with any upward move until we see signs of trend reversal.
*Trade safely with us*
Harmonic Patterns
Predict market HIGH/LOW with Gann Astro Trading Calculated Gold’s Reversal 6 Hours Before It Happened Using Gann Astro Techniques
OANDA:XAUUSD
On December 24, I calculated a reversal in gold 6 hours prior to its occurrence, utilizing Gann Astro techniques and mathematical models. This analysis allowed me to identify key turning points in the market based on time rather than price.
Many traders focus solely on price, but Gann’s principles emphasize that time (Y-axis) is the dominant factor driving market movements. For this calculation, I incorporated the Ascendant as a critical element in my intraday trading approach, demonstrating the significance of aligning market analysis with time functions.
Key Observation:
The market reversed at exactly 10:30 AM New York Time (UTC-5), aligning perfectly with the pre-determined time calculated through Gann Astro techniques.
On the 45-minute timeframe for gold, the chart confirms the reversal occurred precisely at the calculated time. This underscores the reliability of time-based analysis over traditional methods that often focus on price alone.
Why Time is More Important than Price:
1. Time is constant and unaffected by external manipulation.
2. Highs and lows in the market are governed by fixed time cycles.
3. Price, being variable, is a secondary function delivered based on time.
By switching to the 15-minute timeframe, the precision of these calculations becomes even more evident. This highlights how time-based analysis reveals market behaviour that might otherwise appear random.
Gann Intraday Techniques in Action:
The Gann Astro methodology integrates planetary positions and mathematical principles to forecast turning points in the market. The principle "time is more important than price" is consistently validated, showing that market reversals are governed by time cycles rather than unpredictable price movements.
On December 26, after the market reopened, the price fulfilled its movement to key liquidity zones identified earlier. This demonstrates how time cycles dictate the market's behaviour, with price aligning naturally to these pre-determined movements.
Advanced Insights:
- The Y-axis represents time, the immutable factor.
- The X-axis represents price, which is secondary and can be influenced.
Most traders fail in the market because they only focus on PRICE. However, according to W.D. Gann's principles, TIME is MORE IMPORTANT THAN PRICE. Big institutions can manipulate price movements, but TIME is a fixed entity that cannot be altered.
The attached graph illustrates a fundamental yet overlooked concept:
1. Y-Axis → TIME
2. X-Axis → PRICE
In reality, every high or low in the market is pre-determined by TIME, not price. Gann's Astro methods use planetary positions, ascendants, and advanced mathematical calculations to predict EXACTLY when the next HIGH or LOW will form in intraday markets.
Key Insights:
1. TIME as the Guiding Factor:
- The market operates like a clock, where each move happens ON TIME.
- Highs and lows form according to fixed celestial cycles, not random price moves.
2. Price Delivery Algorithm:
- Price follows a delivery system that respects TIME.
- Without understanding TIME, traders become gamblers.
3.Intraday Gann Astro Example:
- With calculations based on ascendant planetary alignments, TIME of specific turning points in intraday markets can be predicted.
- Example from the chart:
- At (2,1), a TIME-driven HIGH forms.
- At (4,-1), a LOW forms based on pre-determined calculations.
4.What Gann Astro Does Differently:
- Combines planetary positions and mathematics to forecast turning points.
- Helps traders trade WITH CONFIDENCE instead of guessing.
- Predict highs/lows hours before they happen.
Now here is the Gann Intraday Trade Example.
And now observe when the price was delivered — it formed a strong reversal precisely at the TIME I calculated, 07:45. TIME IS MORE IMPORTANT THAN PRICE
Why Traders Lose Without TIME Knowledge:
1. Traders rely on price patterns, indicators, and technical setups, ignoring the foundational concept of TIME.
2. TIME is constant and unchangeable, while price can be manipulated.
3. Without mastering TIME, traders are reactive instead of predictive.
Here’s another LIVE trade execution of this week. The trade was precisely calculated 5 hours in advance, demonstrating the power of Gann Intraday Astro Trading.
Below, I’ve outlined the step-by-step analysis of my LIVE trade on GOLD using the Gann Astro principles and advanced mathematical calculations. This is a testament to how TIME, not just price, drives market movements, allowing you to predict turning points with exceptional accuracy.
The chart clearly demonstrates how I calculated the price reversal a solid 4-5 hours in advance using the Gann Intraday Astro technique. The exact time of reversal was determined to be 6:45, purely based on TIME. Watch closely as I executed the trade relying solely on this precise calculation. This is further proof that TIME is the real driver, while PRICE remains an illusion manipulated by the market.
LIVE TRADE ENETRY - TIME IS MORE IMPORTANT THAN PRICE
The real truth lies in TIME, not PRICE—because TIME is fixed, and PRICE is just an illusion manipulated by the market.
NOW let's understand how markets turn on TIME -
.
By applying Gann-inspired mathematical and astro models, I pinpointed key times when market highs and lows are likely to occur. The principle of "TIME = PRICE" suggests that market reversals happen when time and price align. While price can be manipulated, time remains constant, making it a more reliable tool for accurate market forecasting.
GANN INTRADAY TRADING - "The Hidden Truth: Why Gann's TIME Over PRICE Wins in Trading"
In this chart, you can see the market reversing exactly at 21:05, a TIME I calculated in advance using Gann's astro intraday techniques. The method applied here is Squaring the Range—a concept rooted in understanding the range as the time zone where the price remains confined between two major HIGHs and LOWs.
Using advanced mathematical principles in Gann astro analysis, I was able to determine the precise future reversal point. This allows me to approach my trading desk only at the calculated time and execute trades with confidence. This highlights why TIME outweighs PRICE in importance—while prices can be manipulated, TIME remains a constant and reliable indicator for market reversals.
"GANN INTRADAY TRADING - Exposing Market Algorithms: Gann's TIME Secrets Revealed"
In earlier times, markets were primarily influenced by market makers, but now, price delivery is controlled by algorithms designed to enhance liquidity. With the massive influx of participants in today’s market, these algorithms play a critical role in maintaining liquidity flow. Despite these changes, the core principle remains intact: the market still moves based on mass psychology.
Here’s another example showcasing a bullish scenario using Gann techniques.
In this bullish setup, the focus is on identifying key time cycles when the price delivery algorithm aligns with Gann's mathematical principles. By leveraging time-based calculations, I pinpointed the exact moment when the market began expanding upward, indicating a strong bullish movement.
Conclusion:
Understanding and applying time-based principles provide traders with a disciplined, research-driven approach to market analysis. By focusing on time rather than price, one can uncover the natural rhythm of the markets and align their strategies accordingly.
Time is the constant that governs all market movements, as W.D. Gann emphasized: “Time is more important than price.”
11 Things i have learned in almost 20 years of trading1. Hi expectations will boost your motivation, but it will kill your dreams
- It is totally OK to dream big, and fight for your goals, but then what you will do when your dream seems impossible or hard to reach to? You will most likely get mad, and fight left and right for it, even the markets for your dreams. You will be the only person staying between you and your dreams.
- The solution is to focus on small steps, like on daily targets.
2. Undercapitalization. You cannot hope to make a living from trading, if you do not have enough money in your trading account.
- Depends on the living standards of your country, If you need to make 1000USD to pay bills, then I will recommend a 20.000USD account, because hopping for 5% monthly, is the most realistic profit percentage you can expect for long term. And I need you to understand my long term view, because you might have a good month with 15% or more, and then wipe your account after 6 months or 1 year.
- Off course there is the solution that you can apply for a PropFirm, but their rules might put pressure on you, because their interest is that you loose money. Please do not trust my work, do some research yourself and see what is the business model of a PropFirm.
3. Market Patterns do not need to be true just because it was repeated at one point in the past.
- You learn about all type of rules, and patterns that the price should do just because it did something similar at one point in the past. No, that is verry wrong. The price pattern will repeat under similar conditions, but not under all conditions.
- The solution is to have a plan B, and don't trust that the market needs to act as you want. Please remember that for you in order to buy an asset, someone else needs to sell it to you, so it is your opinion, against him. While you see a break under a double top, and you want to enter short, someone else will sell to you, thinking the that it might be a false break, hoping the price will go up.
4. Invest in yourself. Nobody is going to do the job for you, better than yourself.
- I don’t like when people are so lazy, that they want to copy trades from other people. If you do that, you should not call yourself a trader.
- Ok, I understand that as a beginner, you might say the an experienced trader, knows better what will happen next. No, nobody knows, I trader for almost 20 years, and the only reason ‘’I am not wrong’’ is because I do not expect to be wright.
5. Keep it simple. Each indicator has its own probability that one event will happen in certain circumstances.
- This means that the more indicators you add, the more variables you gill get in your analysis and you will get confused.
6. There is no certainty in the market. At any given point or tick in the market, the probability that the price will go either way, up or down is 50%.
- The sequence of how that happens is, can be different, like 70-30, 10-90, etc. To make it easier to understand, every time you put a trade, with every think, the market can change. How many times the price has missed your TP or SL and when the other way?
7. Do not trade to get rich. Getting rich is different from one person to another.
- But, if you start trading because you see some posts, advertisings, or so called traders posting from Dubai or Lamborghini, then you are doomed.
- It is verry difficult to increase your starting capital, lets say 10.000USD, to 500.000USD, having to pay the bills, food and other expenses. So do not fall for that.
8. Don't hope for financial independence to soon
- Any profession has a certain period of years for preparation, either you are a doctor or a lawyer, or maybe a child that want to become a professional football player…he will need many years of hard work, and still, he might not get it to the professional league.
- Trading also requires allot of years to master the charts, but more important to get to understand or to fully know yourself. Beside knowing if swing trading or scalping is what suits you, you need to understand your reactions to loosing trades, winning trades, your feelings and emotions and much more.
9. Keep a job. You cannot worry about paying the bills, ‘’putting food on the table’’ That is a stress you do not need.
- Can you imagine how hard it will be to think that with every SL you get hit, the more likely you are not to pay your rent? Please, if you are a beginner, keep at least a part time job, and try to manage your time wisely.
10. Trust the compound interest because it will pay long term.
- Lets take the following scenario for 10 years and 5% every month profit for a deposit of 10.000USD. Please remember that Investment funds will be very happy with a 60% win.
YEAR 1 - This means a 60% or 6.000USD profit this year and 16.000USD for next year
YEAR 2 - Now you have 5% but from 16.000USD, it means 800USD every month, or 9600 by year end. At the end of second year you will have 25.600USD
YEAR 3 – You will make 5% monthly from 25.600USD or 1280USD. At the end of the year you will have a profit of 15.360USD, added to your last year balance of 25.600. At this point your account will worth 40.960USD
Year 4 – 5% monthly or 2.046USD, The profit at the year end 24.552USD. Total trading account 65.512USD
YEAR 5 – 3.275USD Monthly or 39.300USD. End of the year trading account 104.812
- At the end of year 5, of consecutive winning years, you can consider quitting your job -
YEAR 6 – 5240USD monthly – 62880 Year end – 167.692USD
YEAR 6 – 8384USD monthly – 100.608 Year end – 268.300USD
YEAR 7 – 13415 Monthly – 160.980 Year end – 429.280USD
YEAR 8 – 21464 Monthly – 257.568 Year end – 686.848USD
YEAR 9 – 34342 Monthly – 412.104 Year End- 1.098.952USD Now you are a millionaire 😊
This means that if you keep repeating for the next 10 years, you will have 100 mil
YEAR 10 – 54947 Monthly – 659.364 Year end – 1.758.316USD
11. Time Management and Money Management – We hear allot of Money Management, or Risk Management, but you do not find that much about time management, and I don’t understand why people don’t put more weight on it.
- One of the reason that I did not posted on social platforms that consistent, is that my priorities in terms of Time Management, did not allowed me to spend time doing that. My priority is always my family, myself and my jobs from which I can provide for them.
- Lets say you have your MM saying that you need to stop after 3 consecutive looses. But what if those happens in 30 minutes? You are going to feel useless for the rest of the day, and allot of frustration will build up.
- As a short example, you need to have those 3 loses during a 4 or 6 hour trading session. Also, try spend learning, find ways to make you feel productive other than just open trades.
I hope this can help you getting some type of good perspective. Good luck!
Institutional Supply: CAD/JPY shortsHey,
Little bit of a tutorial here to give you a better understanding about my zones.
Of course on my profile you find multiple videos of my trading style.
But if you see something like this shape up, all I do is wait...
I wait for price to reach my supply zone, and show me 4hour confirmation.
This confirmation is explained in other video's and posts.
Study these charts, the zones play out a lot of times.
A true edge.
Kind regards,
Max Nieveld
How to use Ichimoku cloud?The Ichimoku Cloud, also known as Ichimoku Kinko Hyo, is a versatile and comprehensive technical analysis tool that provides insights into trend direction, support and resistance levels, and momentum. Developed by Japanese journalist Goichi Hosoda in the late 1930s, it combines multiple indicators into a single chart, making it a favorite among traders worldwide.
What is the Ichimoku Cloud?
The Ichimoku Cloud consists of five lines that provide a detailed view of price action:
1. Tenkan-sen (Conversion Line):
- Represents short-term momentum and trend direction.
2. Kijun-sen (Base Line):
- Acts as a medium-term trend indicator and a potential support or resistance level.
3. Senkou Span A (Leading Span A):
- Forms one edge of the Ichimoku Cloud and provides dynamic support and resistance levels.
4. Senkou Span B (Leading Span B):
- Forms the other edge of the Cloud, offering additional support and resistance insights.
5. Chikou Span (Lagging Span):
- Formula: Current closing price plotted 26 periods back.
- Helps confirm trends by comparing current price levels with past movements.
The area between Senkou Span A and Senkou Span B is shaded to create the "Cloud" (Kumo), which plays a central role in analysis.
How to Use the Ichimoku Cloud
1. Trend Identification:
- Price Above the Cloud:Indicates an uptrend.
- Price Below the Cloud:Indicates a downtrend.
- Price Within the Cloud: Suggests a range-bound or uncertain market.
2. Support and Resistance:
- The Cloud acts as dynamic support in uptrends and resistance in downtrends. The thicker the Cloud, the stronger the level.
3. Crossovers:
- Bullish Crossover: Tenkan-sen crossing above Kijun-sen signals a potential uptrend.
- Bearish Crossover: Tenkan-sen crossing below Kijun-sen signals a potential downtrend.
4. Future Cloud Projection:
- A bullish Cloud (Senkou Span A above Senkou Span B) suggests continued upward momentum.
- A bearish Cloud (Senkou Span A below Senkou Span B) signals potential downward momentum.
5. Chikou Span Confirmation:
- If the Chikou Span is above the price from 26 periods ago, it confirms bullish momentum.
- If it’s below, it confirms bearish momentum.
Strengths of the Ichimoku Cloud
-All-in-One Indicator: Combines trend, momentum, and support/resistance in a single tool.
- Dynamic: Adapts to changing market conditions.
- Forward-Looking: Projects future levels through the Cloud.
Limitations of the Ichimoku Cloud
- Complexity: Can be intimidating for beginners due to the multiple components.
- Lagging Nature: Some elements, like the Kijun-sen and Chikou Span, rely on historical data.
- Less Effective in Choppy Markets: May produce false signals in sideways markets.
Best Practices for Using the Ichimoku Cloud
1. Combine with Other Indicators:
- Pair with RSI, MACD, or volume indicators for better confirmation.
2.Adapt Settings:
- The default settings (9, 26, 52) work well for many markets but can be adjusted to suit specific trading styles or timeframes.
3. Analyze Multiple Timeframes:
- Use higher timeframes for trend confirmation and lower timeframes for precise entries.
Example of the Ichimoku Cloud in Action
Imagine Ethereum (ETH) is trading at $3600 The price breaks above the Cloud, and Tenkan-sen crosses above Kijun-sen, signaling a bullish trend. The Chikou Span is above the price from 26 periods ago, confirming upward momentum. As ETH continues to rise, the Cloud projects higher support levels, guiding traders to hold their positions until bearish signals emerge.
Conclusion
The Ichimoku Cloud is a powerful tool that provides a holistic view of market trends, momentum, and key price levels. While it may seem complex initially, its comprehensive nature makes it invaluable for traders who invest time in mastering it. Practice using the Ichimoku Cloud on historical data and integrate it into your trading strategy for optimal results.
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
👉 Follow me for daily updates,
💬 Comment and like to share your thoughts,
📌 And check the link in my bio for even more resources!
Let’s navigate the markets together—join the journey today! 💹✨
41-Day Sentiment mastery missionGM WARRIORS
I'm on a mission to master the SuperTrend indicator by testing all 42 combinations of its key settings: Factor, ATR (Average True Range), and Time Periods.
Each day, I’ll backtest 50 trades on a new combination to refine a 15-minute day trading system, focusing on trend precision and market sentiment. The combinations include:
21 Factors (2.0 to 4.0 in 0.1 increments).
2 Timeframes (15M and 30M).
Goal: Identify the optimal SuperTrend configuration, master early trend reversals, and sharpen market insights within a month.
Results will be shared daily via a public sheet and incorporated into my ongoing SuperTrend study. If you’d like updates, let me know, and I’ll tag you in this journey!
📊 Progress Sheet: docs.google.com
📘 SuperTrend Study: docs.google.com
Bullish Rally, followed by a seloff in the afternoonOn the blue C wave targets on the lower right.
This is meant to teach EWT elliot wave theory, to give not give trading advice. There is a corresponding Video Idea that goes into more detail. I will update the idea during the day tomorrow.
I''m planning on buying with both hands if BITX /BITC go down on a 28" C wave. any rally will be over by the 1 AM Lunchers Idea I shared with the TV community, the idea that the pit Tradeers go out on 3 martin i lunchs, and ater they return they make a move to take reatil money. this is a tiny part of my "Bilderberg Theory" which I have been trading along with Paper, buying at S6 anbd selling at R6, since 2003 with I ;earne from Giget Sune, who i tradee futures with, and David Elliot the number oner stock chart trainer, awarded by the U.S stock Traders Assocition. 2003-2005 >. i rrally appreciate being given the opportunity to share my knowledge.
www.tradingview.com
BITCUSD / BITX has exactly the same chart.
7 Mindset Checks for Trading Success in 2025!Are You Psychologically Ready to Be a Trader? 🎯
As we step into the New Year, it's the perfect time to reflect on whether you're truly prepared to take on the world of trading. Here’s a checklist to assess your mindset and psychological readiness for the challenges ahead.
1️⃣ Do You Get Angry When You Lose?
If you tend to get upset over a lost game or seek revenge, trading might amplify those emotions. With money at stake, it's easy to blame external factors like the news, politics, or distractions for a losing trade.
But here's the truth: losses are part of the process. Successful traders embrace losses as learning opportunities and focus on the next profitable setup instead of dwelling on the past.
Remember: Revenge trading is a trap. The market doesn’t cause losses—you do. Instead of seeking revenge, take responsibility, learn, and move forward.
“The best fighter is never angry.” – Lao Tzu
2️⃣ Do You Think You’re Always Right?
Ego is a trader's biggest enemy. Trading isn’t about being right or wrong—it’s about making money.
If your ego drives your decisions, you might overestimate your abilities, skip your trading plan, and take unnecessary risks. Stay humble and let the market teach you.
Ego-filled traders may call themselves analysts or influencers, but true traders prioritize discipline over arrogance.
3️⃣ Do You Fasten Your Seatbelt Every Time You Drive?
Wearing a seatbelt is a simple yet critical risk management habit. Similarly, in trading, risk management is everything.
Professional traders focus on controlling risk, not chasing rewards. Trading without a stop loss is like driving without a seatbelt—one mistake can ruin everything.
Remember: the market can go anywhere. Be prepared for every outcome.
4️⃣ Are You a Follower?
Successful traders carve their own paths. Blindly copying others’ strategies or trades on social media undermines your independence.
You chose trading to be your own boss—embrace that responsibility. Develop and trust your own trading plan, tailored to your goals, personality, and style.
“If you don’t design your own life plan, chances are you’ll fall into someone else’s plan. And guess what they have planned for you? Not much.” – Jim Rohn
5️⃣ Can You Wait for the Green Traffic Light?
Patience is a cornerstone of trading success. Waiting for the right setup and following your plan with discipline ensures long-term profitability.
Self-discipline isn’t innate—it’s built over time. Commit to your plan, refine your strategy, and trust the process.
“The market pays you to be disciplined.”
6️⃣ Are You Committed to Long-Term Goals?
Just as a long-term relationship or fitness journey requires dedication and focus, so does trading. Jumping from one strategy to another only leads to inconsistency.
If your strategy is profitable, stick with it. Master it. Repetition and consistency turn your strategy into a money machine.
Successful trading is supposed to be boring. Embrace the grind.
7️⃣ Do You Finish Your Popcorn Before the Movie Starts?
If patience isn’t your strength, trading might test you. Most of your time as a trader is spent waiting—for setups, for trades to play out, and for profits to materialize.
“The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett
📚 The Takeaway
Trading isn’t just about charts and strategies—it’s a test of your psychology, discipline, and patience.
As we welcome the New Year, let’s focus on improving not just our trading skills but also our mindset. A strong foundation in trading psychology leads to better decision-making and long-term success.
Work on your human psychology, develop your risk management, and commit to the journey. Remember, successful traders are made, not born.
Here’s to a successful and prosperous trading year ahead! 🎉
You’ve got this! Let’s make 2025 your best trading year yet.
~ Rich
HOW TO TRADE LONDON SESSION LIVE TRADING SMART MONEY CONCEPTHere in this video i show you how you can trade london session using smart money concept so you can make more profit and reduce loss. you need to mark high and low of asian session to know which one to go if it break any of the two area marked.
Reversal Trading Strategy Using GOLDEN RSI Divergence Indicator Overview
Reversal trading strategies capitalize on identifying turning points in the market where a potential reversal from a downtrend to an uptrend, or vice versa, occurs. In this post, I will introduce a strategy based on divergence patterns spotted with a custom RSI (Relative Strength Index) indicator.
This method enhances traditional RSI analysis by making divergence detection clearer and actionable. By combining it with a strong understanding of price action, traders can gain an edge in timing market reversals effectively.
Key Features of This Strategy
Divergence Analysis: The core of this strategy is to identify bullish or bearish divergences between the RSI and price action.
Custom RSI Indicator: The custom RSI indicator simplifies divergence detection by highlighting critical levels and marking divergence points directly on the chart.
Confluence with Price Action: Reversals are validated using trendlines, support/resistance zones, and candlestick patterns.
Chart Example: S&P 500 Index
In the attached chart:
Bullish Divergence:
The price made lower lows, while the RSI made higher lows (indicated by green arrows).
This divergence signaled weakening bearish momentum and potential reversal.
Entry Point:
A clear breakout above the trendline validated the reversal.
Enter long positions near this breakout level.
Stop Loss:
Place the stop loss just below the recent swing low.
Target Profit:
Aim for the next major resistance zone or use a fixed risk-reward ratio (e.g., 1:2 or 1:3).
How to Spot Divergence
Bullish Divergence:
Price forms lower lows.
RSI forms higher lows.
This indicates waning bearish pressure and a potential upward reversal.
Bearish Divergence:
Price forms higher highs.
RSI forms lower highs.
This suggests weakening bullish pressure and a possible downward reversal.
Why This Strategy Works
Strength of RSI Divergence
RSI divergence reflects the loss of momentum in the current trend. By detecting it early, traders can position themselves ahead of major reversals.
Combining Confluence Factors
The success rate of this strategy increases when RSI divergence aligns with other technical factors like:
Horizontal support or resistance levels.
Trendline breaks.
Volume spikes.
Practical Tips for Using This Strategy
Use Multiple Timeframes: Confirm divergence signals on higher timeframes for stronger setups.
Avoid Overtrading: Only act on clear and validated divergence setups to minimize false signals.
Risk Management: Never risk more than 1-2% of your trading capital on a single trade.
Conclusion
This custom RSI-based divergence strategy is a powerful tool to identify high-probability reversal setups. When combined with proper risk management and confluence analysis, it can significantly improve trading outcomes.
Start experimenting with this strategy on your demo account and refine your approach before deploying it in live markets. If you have questions or want to discuss this further, feel free to comment below!
LIVE TRADING ON HOW TO TRADE LONDON SESSION Here in this video i show you how you can trade London session on live trading using Eurusd and Gbpusd so this pair is very important for trading this . I mark high and low of Asian session befor entering . Practice before on real account . Use money management
Analyzing Market Trends and FED Interest Rate Decisions "SPX"The daily chart above highlights FED interest rate cut decisions with vertical lines. I've used the DJI ticker instead of SPX, as it provides a more comprehensive representation of the overall market, unaffected by the dominance of the Magnificent Seven.
My analysis focuses on monthly candle peaks (indicating overbought conditions) and lows (indicating oversold conditions), as well as direction reversals. This cycle repeats, forming higher highs and higher lows. By identifying these patterns, we can determine the market direction, which is either trending upward (green) or downward (red).
Now we know the direction where the market is heading. Its either trending to form a new higher high OR new higher low.
With that understanding, when we plot vertical lines on FED decision days, the direction has not changed. HOWEVER, the decision is accelerating the market direction to its targeted price(either higher high or higher low).
The above guidance is for swing traders for a duration of about 2/3 weeks. Intraday traders can benefit this by looking at days high and low before decision announcement and knowing where the market is generally headed.
As a trader, I utilize custom-built screener tables that cascade data across multiple timeframes and stocks/sectors. This unique approach provides a fascinating big-picture perspective, highlighting strong stocks and sectors.
Reach out to me OR follow me for further insights.
Happy Trading!!