Training Week 1 - Day 2 : Highs & Lows
Day 2 on my journey : "read the market"
Today on , 1H Charts
Objective was to watch the market and try to identify Daily level Highs & Lows
Thats what i'm going to do all this week
Take my time , and try to "decrypt" all of this
what i see on this chart ?
Daily Highs and Lows are easy to identify and a daily downtrend can be observed. BUT some interrogation remains
Day -3 & -2 have really close Highs & Lows
Day -2 have Higher High than D-3 (wick) , can i considere this is liquidity purge of D-3 by the D-2 high ?
Day -2 and D-3 have clean equal Lows , i can guess there is a liquidity pool around here with some stop loss under the D-2 & D-3 low level
What i can see right now is that D-1 High hasn't been tested and D-1 Low has been broken
In this scenario i imagine , D-2 take D-3 liquidity pool then a strong downward movement begin these last 2 days
Training diary
29/09/2021 - 11:43 NY time (gmt+4)
GBPUSD
thank you for your reading
please know that your feedback is greatly appreciated and we can talk about these NOOB observations ^^
Mathy
Today on , 1H Charts
Objective was to watch the market and try to identify Daily level Highs & Lows
Thats what i'm going to do all this week
Take my time , and try to "decrypt" all of this
what i see on this chart ?
Daily Highs and Lows are easy to identify and a daily downtrend can be observed. BUT some interrogation remains
Day -3 & -2 have really close Highs & Lows
Day -2 have Higher High than D-3 (wick) , can i considere this is liquidity purge of D-3 by the D-2 high ?
Day -2 and D-3 have clean equal Lows , i can guess there is a liquidity pool around here with some stop loss under the D-2 & D-3 low level
What i can see right now is that D-1 High hasn't been tested and D-1 Low has been broken
In this scenario i imagine , D-2 take D-3 liquidity pool then a strong downward movement begin these last 2 days
Training diary
29/09/2021 - 11:43 NY time (gmt+4)
GBPUSD
thank you for your reading
please know that your feedback is greatly appreciated and we can talk about these NOOB observations ^^
Mathy
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.