Top-down analysis in Forex trading. Part 2
(I do not own the video. The description below are from the description section of the video. So pronoun such as 'we' are referring to the original context of the video)
In the second forex webinar video dedicated to Top-down analysis, we will talk about different timeframes and different perspectives. In the "heat of the game", traders are often unaware of what is happening on higher timeframes. They feel very surprised, when market starts to move "without any reason". But the reason can lie in the landscape of higher timeframe.
Probably, the only trader, that can be careless about this landscape, is pure scalper. Other traders have to keep an eye on important reference points, The truth is that there are very few successful scalpers. So, preparation and homework are essential for every serious trader, who is going to take profit consistently.
https://www.youtube.com/watch?v=CssjvDVHXA4
(Back to tutorial list (https://globaleasyforex.com/index.php?topic=165.0))
I make it to the top of forex ;)
Tnak
Good post. I learn something new and challenging on sites I stumbleupon on a daily basis. It's always helpful to see use a little something learned.