LESSON 1:- MAPPING MARKET TRENDS

Recorded on 02-04-2020

Notes on Apr 27, 2022

1:09:47

John Dollery(Steady)

Wave analysis: 

  • Mapping Market Trends

  • Uptrend / Downtrend / Consolidation

  • What determines a true swing point

  • Points of Retracement

  • Equally weighted movements. Take Profits and Retracement’s

  • Trend Geometry (impulse, consol, retracement’s)

  • Trending structure Break, Bullish and Bearish, (how to define entry’s from lower timeframes)

  • 1-hour liquidity run (Strategy)


1 & 2 point of swing - 3rd swing

*the market is moving:

  1. looking to seek and destroy

  2. looking to rebalance itself

*Where something is - is more important than what something is


* the highest probability of picking a trend direction is going to be on the daily timeframe


Weekly and Daily in relation which direction

6-9 months of trend

80% of the time of Trend Direction

20% is reversals


*what determines a swing point - always looking for pin pattern formation to identify what is really going up

 


*every market begins from a period of consolidation

Over 3+ candles

Candles 3, 4, 5, candles

Creating order flow. Buyers and seller and starting to load up or distribute

4 Traditional Movements

  • Consolidation

  • Impulsive leg - consol / retracement

  • Impulsive leg/reversal phrase

  • Consolidation


Breaking Model of Price

Daily timeframe has the highest probability of directional bias

1 hour

15 min for intraday positions

1 hour



15 min


*Trying to understand this lesson, I need to look for this to apply in my end for better understanding.