just a small insight on how easy it could be to break down us30 broke my mic so sorry for the no sound what i wanted to high light was
start by
-finding trends from the the daily 4H and sometimes the 1 hour
-find all major support and resistance areas
-after the ask your self is price in its push or pull phase
-its never a good idea to enter in the push phase because you never know when the market will pull back on you
-always wait for the pull back to an area of value
-if you marked your support and resistance areas properly the more than likely the market will pull back to one of your area
-then all you have too do is wait for evidence price is gonna reverse
eg a double top pattern maybe a bearish engulfing
one you've seen your evidence enter on the 5 or 15 minute always then place stop above the previous high ,above or below the area of value depend on if your buying or selling.
-then its time for your take profit which u can use your -27 % extension on your fib as a modest tp dont be greedy or even really think about the money just fall in love with your charts
start by
-finding trends from the the daily 4H and sometimes the 1 hour
-find all major support and resistance areas
-after the ask your self is price in its push or pull phase
-its never a good idea to enter in the push phase because you never know when the market will pull back on you
-always wait for the pull back to an area of value
-if you marked your support and resistance areas properly the more than likely the market will pull back to one of your area
-then all you have too do is wait for evidence price is gonna reverse
eg a double top pattern maybe a bearish engulfing
one you've seen your evidence enter on the 5 or 15 minute always then place stop above the previous high ,above or below the area of value depend on if your buying or selling.
-then its time for your take profit which u can use your -27 % extension on your fib as a modest tp dont be greedy or even really think about the money just fall in love with your charts