what would happen if pullbacks never occurredīut I see other questions eg Why do resistance occur and what cause the eventual break through. If you are trading EURUSD for example and the market wants to go up, WHY DO PULL BACKS EXIST,? Why doesn’t the market just keep going up and up without pullbacksĪlso.
Imagine you are the Market Makers trying to get everyone’s money, Ask yourself if you did this would it be profitable for you? Because of how your brain works, AFTER A BIT OF TIME your brain is going to find patterns and some logic to the madness (so to speak), now when these patterns occur that you will seem to notice think about … “Why is the Market doing this” and try to understand the Intention of the Market Yes, it comes with experience, but There is also a more systematic approach to it, it goes like this…Īnd basically you can either Demo Trade on it, or Just watch it.
NOW… that’s an intelligent question… Good Work.Īctually i have a cheat Sheet for you (Just Kidding) How do learn YOU UNDERSTAND THE INTENTION OF THE MARKET - Experience? It has a more complicated truth table with many more outcomes beyond… THIS HAPPENS… SO DO THIS.Īnd because of that YOU NEED TO ADAPT TO A CHANGING MARKET, the Market is not Binary it’s not Digital, it’s not fixed, it is dynamic and keeps changing, so as to better Mess with your head hehe THIS IS THE TRUTH Sadly its’ not as easy as that, this is not Binary Logic and it’s not a computer that has a Truth Table, or… At least, it is a computer that you are trading with, but IT IS NOT USING THE TRUTH TABLE THAT YOU THINK IT’S USING.
In babypips, you are taught, WHEN YOU SEE THIS…DO THIS Means nothing unless you know how to put it togetherĪnd in trading, Learning chart patterns means nothing unless YOU UNDERSTAND THE INTENTION OF THE MARKET when observing certain events Knowing the Cheat sheet of … this is Am and this is B and this is C and this is Fm7 etc… Learning Am Scale and C Major Chord is completely useless unless you know how to combine the chords into chord progressions, or a scale is useless unless you understand Chord Construction and how to use a scale to solo over a Chord
Thats’ like me saying to you, i’ll charge you to teach you Scales and Chords and Nothing More It’s much more useful to watch the screens and LEARN HOW AN INSTRUMENT BEHAVES, so then when you apply technical analysis, IT GIVES A DEEPER AND MORE ACCURATE INSIGHT INTO WHAT THE INTENTION IS.īut as a general rule DO NOT EVER PAY FOR SOMEONE TO TEACH YOU PATTERNS, that’s Naive. But, beyond babypips, you have to learn how to apply the knowledge you have learnedīabypips will also teach you patterns and cheat sheets (take this with a grain of salt)
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