Hi
- Chart Reading works well on every market / timeframe
- Chart Reading did work fine 100 years ago, it is working now, and it will work 100 years later, guaranteed.
- Chart Reading is not a simple Strategy like MA Crossover. Chart Reading is an approach to analyze market and build your own judgment. Great Trading ideas will arise as a consequence.
- Market moves made from waves. One bar/candle could consist of several waves. One wave could cover several bars.
- Read Chart from left to right, from slow timeframe to faster
- Failed Sign of Strength = Sign of Weakness. Failed Sign of Weakness = Sign of Strength.
- Markets are not effective. Current price is not equated to ideal Equilibrium. Current price made by bids and asks from live traders, and people tend to mistake.
- Chart never lie. Don’t argue with Chart.
- If the situation is unclear - stay aside.
- The main goal of market - is to make losers of as many traders as possible
