Flashcards
Initial Market Analysis
Cards in this deck (7)
- 1Process Summary
- 21. Define Structure : Define a structural framework within which our trading timeframe price action will move.Actions: Identify areas of Support or Resistance on the higher timeframe chart
(Swing highs and lows) - 32. Define Trend: Assess the movement of past price action within our market structure framework.Actions:
Identify significant swing highs and lows on the trading timeframe chart.
Identify the trend direction
o Up, down or sideways. - 43. Identify Strength and Weakness: Analyse price movement within the trend to identify signs of strength or weakness.1) Analyse momentum of recent price swings
2) Compare projection and depth of recent price swings
3) Identify signs of failure to continue (ie. failure to meet expectations). - 54. Identify Future Trend Direction: What is the likely path of future price action?Determine the likely path of future price action, in accordance with the six
principles - 65. Visualise Future Price Action: How do you expect price to behave? Visualise the future price action, based upon your expectations for future trend direction and its interaction with the market structure S/R levels.1) What price action would validate your assessment of future trend direction?
2) What price action would invalidate your assessment of future trend direction? - 76. Identify Areas of Trade Opportunity
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- Trading Flashcards on Initial Market Analysis, created by Mitul Patel on 24/06/2017.
- Created by
- Mitul Patel
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