Market Analysis and Trading Strategies
Its, its way up against the current just to get
to the top of the
river,
spawns and then dies.
You got there, but failed in the end.
You wanna be working with the tide.
You wanna be moving with the ebb and flow of these
markets on a higher timeframe because that daily chart,
if you understand that daily chart...
Let's go back up to it.
If you're doing all of your analysis
and linking your trade ideas based on
the logic behind this timeframe here,
you're gonna avoid a lot of losing trades.
Now, you're gonna lose and you're gonna have losing trades.
I have losing trades.
But you're going to avoid the silly mistakes that the majority of
retail traders make.
You're not going to see
why
on a 15-minute timeframe or a five-minute chart,
why it's not turning around and reversing intraday
when it feels like it might be
doing so. Because you'll have these small little m-
you know, quick
dynamic little pops in a direction that's counter what the daily chart's
suggesting.
Those are just little traps. They're little moves
that get people caught up in,
"Oh, it's gonna go reverse. Let me get in and chase that."
And then it just creates
another selling opportunity when the daily chart
is likely to continue going lower.
So you have to submit yourself to what this daily chart is doing.
What's it reaching for?
And when it reaches it,
stop.
Get a lay of the land again. Check your bearings,
which is what I'm gonna close this video with now.
We were up here.
We rebalanced. I said all of this here is just normal
for us to anticipate a run down below here.
This is just rebalancing for another leg lower to go down here.
So we have had that in price. It's delivered,
but now we're back above that low. So what does that mean for us?
Well, on the daily chart it's been bearish,
but we're back above
this old low. That is, in my mind,
do nothing. We're neutral right now. Why?
Why would you be neutral? Can you still be bearish? Yes.
Can you be bullish?
If you wanna go against the, the trend
of the daily timeframe,
well,
it just brings with it a greater measure of risk.
Now, there's gonna be times
where you can go back in the chart and say, "But yeah,
look at this time." Anybody
can do that.
I'm looking at the hard right edge right now, and my paid mentorship group is
hearing this video just like you are.
I am neutral right now. I am not taking any
trades.
There's a lot of things going on globally.
There's a lot of confusion right now.
Money is-
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