reward-to-risk ratio. For instance, A higher time frame to analyze the market context A trading time frame to identify setups A lower time frame to time the entry and limit risk When using only two time frames, the trading time frame is used to determine setups, time entries, and. The best way to study the relationship between price and volume is through Volume Spread Analysis (VSA). This is because price patterns work best in the correct market context. Standard methods used to determine S/R: When using S/R in your trading, take note of the phenomenon of S/R flipping. Make sure you comprehend the idea of support and resistance. A realistic trader wants to do what works, regardless of its label or classification. A support zone is a price area that rejects falling prices. In this section, youve learned how to read price action and judge the market context using price bars and swings.
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But the truth is that it is neither elusive nor magical. Regardless of your preference, its clear that we are interested in market turning points. It is attractive to traders who have grown disillusioned with indicators. Examples: A bearish Pin Bar at a resistance zone (A better short setup) A Triangle pattern projected a target within an earlier congestion zone (A more reliable profit objective ) A bullish Outside Bar breaking the neckline of a Reverse Head Shoulder pattern (A better long setup). Did you know, that I have live-stream show? An excellent short setup. If you answered yes to the questions above, this is the guide you need. #1: Retracement Trading Setup A retracement trading setup is also known as a pullback or throwback trade, depending on the market trend.