AU200 Final chapter on COILS5.10.21 AU200 Final chapter on COILS: I look at patterns, overall market dynamics (admittedly a vague term), structure, and certain tools that I think of as algorithms of the market...and then I have to make a trade decision: buyer? seller? sit on my hands? I am a discretionary trader using market information ( maybe most of us are to various degrees ). Two different trades could use the same tools ( more or less ), trade the same market and make money: one as a buyer and the other as a seller. All the would need is a different trade location. There is a little more to this, but hopefully you get the idea. THIS IS A GOOD REVIEW OF COILS. I would like to add 2 more things to the video: 1) this was not an easy market to trade because it did NOT have good volatility...and that is why this was a laborious process complicated by lots of "work". In a volatile, I find it much easier to analyze and have a better sense of probability. 2) my explanation on this example is of a market that is expanding out of a coil...which means the market could evolve into an easier market to trade. Always think like a buyer AND a seller, and then decide where you have the edge. You cannot trade what you see if you do not know what you are looking at. You are trading in a market of buyers and sellers...and some of those traders are the "smart money" and some of them are the fast money.
