Market structure is one of the most important thing one can learn in trading. If you are day trading or investing staying on right side of the market is very important. Market structure help to identify the right side of the market. Lets say market is making HH (Higher high) and HL (higher low) that's bullish market structure. Meaning buyers are in control and...
Starting too big One of the biggest mistakes beginner traders make is starting with too much money. They see other people making a lot of money trading, and they think they can do the same. However, trading is a very risky activity, and it is important to start small and learn the ropes before you start trading with large amounts of money. When you start with...
The US market did make a significant move higher yesterday, and the bulls are clearly in control. This suggests that a long entry is a good idea. However, it is important to note that the market did form a bear bar on Thursday. This could be a sign that the bulls are starting to lose steam. However, the bear bar was weak and the market was not able to close lower...