EDU-Series 101 | Candles & Ranges
The Technical Analysis portrayed in this EDU-Series is referred to as the science of trading. Those who practice this rigorous style of price action theory call it C0tt0nc4ndyTA. (yes, those are zero's instead of O's. which makes it way cooler & less nerdy than saying "The Science of Trading")
The sweetest style of price action is fun to learn and the verbiage used to represent the data points are always consistent. This builds a solid foundation of knowledge to avoid guessing at the irrelevant data provided by lagging indicators. This approach is as old as the charts themselves & gives the practitioner clarity with confidence they can relay on, consistently. The expectations developed over the course of study build upon each other in layers of depth and added complexity.
The curious investor need only study the basics while the day trader scalping for a daily income will find the most help further down the rabbit hole.
IT IS WITH GREAT PLEASURE TO INTRODUCE THE SCIENCE OF TRADING IN THIS SERIES.
When first learning about charts, the anatomy of a candle always shows up. While that is great info. I believe is sets the trader up to fail. Ranges control price and to train your eyes to identify the ranges is 100% more effective than learning about the anatomy of individual candles.
There are Accumulation Ranges & Distribution ranges. When I first get on to a chart to mark levels. I like to identify the range that price is in on the higher timeframes. mark the top / start of the distribution range and the bottom / end or the range.
The sweetest style of price action is fun to learn and the verbiage used to represent the data points are always consistent. This builds a solid foundation of knowledge to avoid guessing at the irrelevant data provided by lagging indicators. This approach is as old as the charts themselves & gives the practitioner clarity with confidence they can relay on, consistently. The expectations developed over the course of study build upon each other in layers of depth and added complexity.
The curious investor need only study the basics while the day trader scalping for a daily income will find the most help further down the rabbit hole.
IT IS WITH GREAT PLEASURE TO INTRODUCE THE SCIENCE OF TRADING IN THIS SERIES.
When first learning about charts, the anatomy of a candle always shows up. While that is great info. I believe is sets the trader up to fail. Ranges control price and to train your eyes to identify the ranges is 100% more effective than learning about the anatomy of individual candles.
There are Accumulation Ranges & Distribution ranges. When I first get on to a chart to mark levels. I like to identify the range that price is in on the higher timeframes. mark the top / start of the distribution range and the bottom / end or the range.
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ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ เงื่อนไขการใช้บริการ