as simple as that expecting a retracement in the POI marked, if 1558.24 is displaced analysis is invalidated.
we will wait to see some good lower structure movemets to enter short
Topdownmethod
NASDAQ 100 BIAS // OUTLOOK IDEAHey guys! I want to do this more often so maybe every Monday // beginning of the week I can take the time to record me explaining my bias so I can journal as well as share why I see the market the way I do so that way It's both a learning experience for me and whoever else stumbles across this!
I want to this this so I can also keep track of my bias beginning of the week to how it has changed on Friday at the end of the week. So maybe eventually as I do these more I will also add End of the Week overviews as well!
I hope you guys enjoy, Thank you for watching and I promise as I do these more the content will only get better and I learn to share more/better value with you all!
Good luck and Good Trading!
AUDJPYTRADE THE BREAK AND REJECTION OF THE SHADED AREA(CONTRACTION PHASE).
MY OVERALL BIAS IS BEARISH.
The Top Down Analysis MethodThe signals you get on the higher time frames should surpass that of lower time frames.
Reaching a resistance on the weekly time frame but you see a buy signal on H4? Look to sell as the higher time frame data prevails more successfully statistically.
Is a trend moving up but you missed the entry? If you determine the market to be bullish you then look for buying opportunities, even mid trend (and this can be done with low risk). This allows you to find opportunities no matter what the market is doing...
You see a reversal pattern on H4 to go short? Check on the weekly time frame to ensure you're trading the reversal at the end of the trend! ( That's why it's called a reversal and not continuation).
Using the top down analysis method can help you to filter out mistakes from your decision making process with these easy steps.
Please join my mailing list for more lessons just like this one zc.vg
Happy trading!
