the market psychology is simple. Once we understand the exchange of hands method that for a seller there’s a buyer and when a market accelerates there’s a reason for it! Price don’t break levels through as easy as you may think. So here on gu we see buying and then a rapid sale which made me investigate as a real study should and not Merely sale cuz it’s representing as such cause as such you’ll be missing the bigger move.. so I went to the big boy and we have a hammer at the low on the monthly now this make sense .
And here I can give you an another example on how the market abuse the education that is common .. so we are taught to buy the next candle if it breaks the high of the hammer nose. Meaning the the next candle after the hammer should be bullish and open above the hammer top. Place your sl below the hammer wick ..
Let at least in forex this isn’t how it works as I’d seen this countless times and I present you with the gems that I dug from the mud. And you can back test them all. What you’ll see is a hammer follow by a candle with its wick near the hammer wick but it’ll be bullish as this means it was a bear candle but the bulls converted it. Gpbmxn monthly had a hammer you can look there and see how they role
What happens is after the hammer the next candle opens bullish but then sale and become a bearish candle and then since this is the monthly towards the end of the month they will buy up that same candle and it will close bullish and the following candle will follow. As we can see the candle sold up and joe it’s dropping on anytime from and this is WHY!! Everything happen in the market has a agenda believe this nothing is just randomly moving it’s done strategically and tbh masterful the precision involved
Anyway I thought many times on why this is done and here what I concluded
1. Exchange of hands theory is the top it makes sense give a fake sell buy those buy order and give them the sell drop price and then buy up as this also creates mom hitting sl and a great way to maximize profit on the move
2. The market moves in pullback and complex pullbacks.
Every wick is a breakout and a pullback to the candle.
Ex if you see a candle during trading and it looks like it’s about to get pushed the other way and you may be apt to buy or sell it just remember that that action within that candle can be that it’s just pullback. So don’t trade it without context (to left ) and do t see it as weakness but as strength.
Now what’s the best way to approach this pair here. Will I don’t chase price so I’ll be setting at the low watching the action for That entry I’ll rather watch and learn over participation and anticipate but do what’s best for you The wisdom was given
Gl
HOW TO TRADE LIKE THEM-
And here I can give you an another example on how the market abuse the education that is common .. so we are taught to buy the next candle if it breaks the high of the hammer nose. Meaning the the next candle after the hammer should be bullish and open above the hammer top. Place your sl below the hammer wick ..
Let at least in forex this isn’t how it works as I’d seen this countless times and I present you with the gems that I dug from the mud. And you can back test them all. What you’ll see is a hammer follow by a candle with its wick near the hammer wick but it’ll be bullish as this means it was a bear candle but the bulls converted it. Gpbmxn monthly had a hammer you can look there and see how they role
What happens is after the hammer the next candle opens bullish but then sale and become a bearish candle and then since this is the monthly towards the end of the month they will buy up that same candle and it will close bullish and the following candle will follow. As we can see the candle sold up and joe it’s dropping on anytime from and this is WHY!! Everything happen in the market has a agenda believe this nothing is just randomly moving it’s done strategically and tbh masterful the precision involved
Anyway I thought many times on why this is done and here what I concluded
1. Exchange of hands theory is the top it makes sense give a fake sell buy those buy order and give them the sell drop price and then buy up as this also creates mom hitting sl and a great way to maximize profit on the move
2. The market moves in pullback and complex pullbacks.
Every wick is a breakout and a pullback to the candle.
Ex if you see a candle during trading and it looks like it’s about to get pushed the other way and you may be apt to buy or sell it just remember that that action within that candle can be that it’s just pullback. So don’t trade it without context (to left ) and do t see it as weakness but as strength.
Now what’s the best way to approach this pair here. Will I don’t chase price so I’ll be setting at the low watching the action for That entry I’ll rather watch and learn over participation and anticipate but do what’s best for you The wisdom was given
Gl
HOW TO TRADE LIKE THEM-
