EURUSD Bollinger Band/RSI position identification.
Accumulation into M/U approximately 6 sessions.
Using the demand line (green) and the supply line (red) you can identify where the concentrations of activity took place.
The extremes of RSI will serve a similar purpose. It's generally a good practice to avoid entering positions while supply/demand dynamics get worked out. Its bad to be in the middle of this process. Be patient and let the market sort it out.. get out of the markets way! It's going to do what it wants to do, not what you want it to do.
If you can identify wether or not SM is positioning itself long or short for an eventual move... you are trading.
Don't believe me though... just look at the evidence right in front of you in the chart!.
Practice*
PM me any questions on TA or refer to the listed resources below.
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Read the ticker dot com
Wyckoff analytics
Dee Nixon
BTC trading challenge price action/volume techniques
Good luck
Using the demand line (green) and the supply line (red) you can identify where the concentrations of activity took place.
The extremes of RSI will serve a similar purpose. It's generally a good practice to avoid entering positions while supply/demand dynamics get worked out. Its bad to be in the middle of this process. Be patient and let the market sort it out.. get out of the markets way! It's going to do what it wants to do, not what you want it to do.
If you can identify wether or not SM is positioning itself long or short for an eventual move... you are trading.
Don't believe me though... just look at the evidence right in front of you in the chart!.
Practice*
PM me any questions on TA or refer to the listed resources below.
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Read the ticker dot com
Wyckoff analytics
Dee Nixon
BTC trading challenge price action/volume techniques
Good luck
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