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OK here's my idea.
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Eight point two which is the blueprint for price action trading.
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This is everything we've learned in the seven models and the way we should do our analysis is simply
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by following the numbers.
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I recommend that you print this page out have it handy next to you while you're trading.
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That way you could use it like it's a checklist.
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OK.
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Step by step.
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First take a look at point one.
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Check what's valid too in the current market situation.
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And so on and so forth.
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OK.
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Let's see how we do it on the charts now.
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Let's make a diagnosis of a life chart.
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Right now we're in a delicate time frame.
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So we start off with the market phase is arranging trending and what's it doing on the our part time
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frame.
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Kate Daily's my appetite for
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it seems that we're in a range what kind of range.
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Ascending narrow range.
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Next we'll go down to the direction spot any possible corrective.
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Again this seems to me that the trend is headed towards the upside shrunk up move smoko back when a
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new high pullback made a higher highs still.
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OK so the direction is headed to the upside.
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Okay.
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Which also tells us that we're in a bullish mode or a bull market and we're approaching some level here.
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What do we have pretty significant support that may turn into resistance.
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Kate we also have our rectangles here and our supply we just try to make sure is correct O Kate right
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there.
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So we headed towards the upside.
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Nearing a significant ceiling but direction is still going up.
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Travelers looking out the right without having said we are going to be looking for by setup's Let's
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see if there are any additional edges that we see here.
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Nothing has showed up yet.
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So far a divergence may form on top of that.
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Nothing yet so far.
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Tricks played with the big boys.
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All these are going to happen near the PRC.
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So as of right now their action is up.
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We're in a range which means to look for buy set ups and price makes a pullback that's is both this
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time on to your Ossy
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start with the marketplace.
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Okay this is a channel
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timeframe.
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This is a range of the big downtrend to see what direction is to the downside.
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We're currently in a corrective waste.
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In the pullback ways.
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So that means price may go up but eventually it's going to have to downsize to continue the direction.
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Let's talk about this recent turn that happened here so that analyzed the levels here.
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That's what we have on the left side.
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And this is a drug based drug
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on top of it.
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There is another
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support to resistance is a well price was approaching.
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Firstly we're on the top of this channel.
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Second we're in a supply zone third way in previous support terrorism and swaps the.
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So it's a pretty strong confluence of PRC.
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We see any additional edges here
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on the H1 when we have the divergence or
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on the CCI that gives us another reason to short this.
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Whoops.
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Okay.
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This seems like a clone of them before.
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I'm just going to at it later.
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Okay.
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Next check out the tricks played with a big voice along with candles.
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This one here right.
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But if you wait till this happens you'll miss out on the move.
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Hey how are you going to answer that one again.
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Before I have to turn with them it might get a story and this situation is best to enter with a self-starter
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entry over here.
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All right.
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And where are you going to exit.
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There is the first potential APRC kid this is a demand zone followed by of course the bottom of the
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range Let's take a look at a different scenario with the live chart of the dollar yen this time on the
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daily Gries is compressing into a wedge.
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Direction are still going to the upside.
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We have a level here
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it looks like prices approaching the level.
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This is a corrective.
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Is this is the impulsive one.
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If you look at the bigger picture this is simply a corrective.
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So the direction is headed to the upside made a pullback krises presuming it's a trend.
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Do you see any additional edges here.
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Not yet come into play.
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Julie at the PRC
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not these have happened as well.
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So just let's take a look at this area right here instead.
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That has happened.
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OK.
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You change it to a blue color.
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Start over again.
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The market face it's showing a dumb trend it has a range
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wrote The down side.
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Right over here trying to see on the right side.
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If we if we have any major levels
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us anything
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this is actually one right here of zooming into the one
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see that this one here
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guarantee you
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touches it see that these levels are magical.
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I'm still amazed how accurate they can be.
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They're turn as we hear.
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Right.
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What else do we see
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any additional edges here.
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Divergence
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want us and tricks played by the big boys
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a big red candle followed by a big blue candle.
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Does it need to turn.
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How should we answer before or after all on the market in this case.
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This would make a very nice entry price came back down to retest the true support level.
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Right there.
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Can make the first sign came back the second time.
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Really nice trade here.
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If you have caught this one
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guys and two and three decide on where you are and exit.
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This is the first VRC around here.
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This is the first exit.
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And if you want to run your profits simply trail along the market structure or use a parabolic assay
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are in a nutshell this is how we analyze the charge and do our analysis and focus on the process before
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placing every tree.
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Good guys.
9924
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