"MARKET IS DOES NOT TRADE IN A VACUUM"
This is the Intermarket aspect of financial analysis. Bigboy, understand that markets do not exist in isolation. They exist, move-in relationships, interact with each other. And thus, when trading in one market, they always look to other correlated markets. An overview of the different markets gives them an overview of which positions will be open; The early reversal signals are likely to come from other markets instead of the products they are trading.
MARKET ACCESS BY RIGHT TECHNICAL ANALYSIS
Technical analysis has long been familiar to most of us retail traders. And while this is an effective market analysis approach, especially in the timing of big boy entry, it is being used in the wrong ways by retail traders.
The truth is that while there are so many indicators covering the TA fields, there are really only a handful of indicators that are somewhat effective. Most of the rest of them are just JUNK, the reason it's called junk is that it has no original meaning, a lot of authors come up with a new indicator just by shaping the existing indicators, they hate to match your name on that newly created indicator with your wishes to go down in TA's history. The abundance of junk indicators is even more popular because of the advertising of small brokers or even trainers with the winning "holy grail" in hand. They "train" their customers and students to use the best bullshit methods (BS) with only 3 -5 days or even just 15 minutes a day to be successful in the market. .
One of the best ways to apply technical analysis is to use price action. Unfortunately, most of us are using the price action incorrectly. Like indicators, indicators or candlestick patterns are all extracted from the price. Price creates a pattern, not a price model. However, it's terrible for small traders, they are taught to mechanically memorize patterns with specific names such as double top/bottom, head, and shoulder, wedge, ... formation like this, they will trade like that. They do not understand that no trade really looks like a trade at all, the nature of patterns is just an accumulation of volume of big boys. There are "sharks" operating on each timeframe and Price will be essentially manipulated by these sharks purposefully / intentionally to attract as many retail traders as possible into the market in the wrong direction the better. Once these sharks accumulate enough volume the price runs in the opposite direction and we - these "unlucky" small traders will take losses, get angry and blame the market for scams .. .vv ...
EPILOGUE
Trading is a jigsaw game and each puzzle piece in it is an analytical aspect coming from fundamental, from the inter-market, and from TA. While fundamentals and Intermarket factors act as the main drivers of trend determination, technical analysis (TA) is indispensable in timing market entry. Any of the three factors mentioned above are important and not easy to learn, apply, and practice in the real trade process properly. Success in trading cannot come overnight, much less can it come from the so-called holy grail in the market. Readers should be alert and take the first steps, the tuition fees are high, but the rewards at the end of the road are not small.
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