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:
looking to seek and destroy
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.