the market operates on manipulation
if you are bullish,
you want to first see an initial run lower
if you are bearish,
you want to first see an intial run higher
all timeframes
if price trades directly towards your anticipated draw without manipulation,
it is low-probability
each week has a point of reversal,
and the best trading days follow it
how to identify?
โข economic calendar paired with weekly profile
โข daily PD array
โข hourly change in state of delivery
once that framework is set,
anticipate opposing days of expansion
8:30-10:00 entries
1 weekly candle,
5 daily candles
everything exists within these two fractals
understand the weekly candle,
you have daily bias
โข economic calendar
โข weekly profile
understand the daily candle,
you know where and when to enter
โข daily profile
โข volatility driver
I've still got all the trades I've ever taken in my tradingview charts in a separate folder
have you ever looked at your trades from months ago and thought, 'wtf was I even doing back then?'
that's growth.
Every week, we follow the same process using the economic calendar as a roadmap for volatility!
This week is a difficult week being the first week of the month, and NFP on calendar, and focus being in the markets at beginning the week.
[Bookmark for later reference]
Monday - I would advise skipping or waiting for Powell to speak. Indicies traders PM may be better for you. High volatility is expected. Tradable day โ ๏ธ
Tuesday - high volatility is expected. Tradable day โ ๏ธ
Wednesday - High volatility is expected. Tradable day โ ๏ธ
Turdays/Friday - they are possible to trade but not worth the risk in my opinion for newer traders and even experienced. go touch some grass. โ๏ธ