21/06/2023
Basic THINGS you need to LEARN about FOREX..
- Market Structure (MS) ✔️
- Supply & Demand (SnD) ✔️
- Market Imbalance (IMB) ✔️
- Support & Resistant (SnR) ✔️
- Order Blocks (OB) ✔️
- Liquidity (LQ) ✔️
▪︎ MS will help you know the overall direction/trend of the price.
▪︎ SnD will HELP you to know the big boys participated in the market, and also spot tradable OB
▪︎ IMB will HELP you know a possible retracement and make right decision where to engage without experiencing huge Draw Downs (DD).
▪︎ SnR will HELP you validate your SnD, and also sometimes for sharp entries.
▪︎ OB (MUST be nested inside SnD) will HELP you on sharp entries and SL (your OB is the risk)
▪︎ LQ will help you to spot objectives of the Market Makers, and also to decide on your profit taking.
These BASICS are NOT OPTIONAL!
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