How I read any chart in under 1 minute. A Must read if you're still not profitable or looking to start trading. I simplify into a process i named DTT. Direction. Target and Timing Step 1. I use the higher tf to Determine the Direction - the trend. A trend have 3 phases: Impulse, correction and continuation. It's not enough to just determine whether the market is in a downtrend or an uptrend I want to know which phase it's in as well. Step 2. By knowing the direction from step 1 and the phase I combined that with higher tf areas of interest to quickly determine the likely target. I have specific rules on how to draw these areas of interests that's proven to work. Areas of interest are drawn specifically for the trend so they are different from how I would draw them for an uptrend vs a downtrend but the logic is the same, just opposite based on the trend direction. Now there are specific definition for what an uptrend vs a downtrend . A downtrend is when the market is making lower lows and lower highs and and uptrend is when the market is making higher lows and higher highs. Even with the definition being very specific people still struggle when identifying the trend mostly because they look at the market visually rather than structurally. By that I mean the market might look overall to them like its trending down but structurally I might see that the market just broke a lower high. If it broke a lower high that means the trend is attempting to change to bullish trend. That first move is the higher high part of the trend, the next move is the higher low, so its expected that the market will return after it breaks the higher high to form the higher low next but not just because it formed a higher high means it will form a higher low next it could fail and make a new LL so the unknown variable to figure out as a trader is the next structural move it'll likely make. I have specific rules for that as well that works very well but it requires patience and it can be difficult to exercise patience when your mind is already filling in the blanks like assuming the market is going to make a higher low when it reaches what seems to be a strong area of interest instead of waiting for the confirmation-these are mistakes that I still make occasionally- you know that you should wait but can you resist your brain constantly filling in the blanks? You will mess up sometimes but once you are aware with clear state of mind you will make less mistakes. As am writing this there are many different subtopics that popup in my head that is required for this Target part but I promise you it so simple once you understand some fundamentals like understanding how to read the market structure correctly, how to analyze any candlestick correctly until it becomes second nature and more. All of which once you understand it and connect the dots will make predicting the next like move easy or rather very confidently. Such as: If market just made a new HH, the next likely move is potential HL or full reverse simply because uptrend consist of HHs and HL so by law it'll return to either make the next HL to continue or reverse fully. With that information you know that its not good to enter when the market just made a new HH because that's when it's likely to correct but when it makes a new HH psychologically traders that are not in the move will feel fomo and enter on impulse then they get trapped...okay am going off topic. Summary for step 2 is to use market structure, trend behavior and areas of interest to determine likely targets. Recap: If market just made a HH we know the trend is uptrend, but the direction is likely down next because it just made a HH. Buy low and sell high. So since the direction is likely down; where is it going to? If its an uptrend that just made a new HH its likely gonna make a HL next or break and make new LL. Areas of interests helps you determine where the next potential HL will be next, starting from the closest one to the price,thats the target. The reason it's the target is because that's where the next HL could form so we want to get out of shorts by then and wait for confirmation to see if the trend will form the hL or not. All of this I can easily scan on the higher tf in like 10 seconds to determine the direction and target. There is another important variable I look for which is space to trade. I can determine the direction and target but if there is no clear space to trade; the trade will often be annoying or choppy and thus less probable. So I filter for this when am checking through pairs and this takes like 10 seconds. The space basically means you are not entering a long right in front of a resistance and vice versa, if you do the chance of the price rejecting and coming back to trigger your sl is higher. The market needs space to move just like how a car needs space to drive on a road else you'll end up with a traffic jam. Step 3. Once I find a pair that I feel confident that I determine the direction and target correctly and the space is clear the next step is Timing which is the hardest part. I have specific rules that are mechanical to follow to make it easier. I go down to the 4hr and 1hr tf and I check for alignment using market structure, candlestick analysis and my entry signals, all of which are quite specific except that sometimes the entry signal can appear on the 30 min tf, 1hr tf or 15 min tf so I usually scan through the different tf to see if it's present. It involves 2 specific market structure formations plus volume confirmation to let me know that the whales are likely ready to move the market. This part requires patience, its the final step that can improve accuracy noticeable. This is where it'll take you some practice to get right because after determining the direction and the target your brain perceive that as an opportunity and almost a certain thing so you will often feel fomo of wanting to get in right away and just slap on a wider stop-loss and you can do that and it works but when it doesn't you'll often know immediately that you could have avoided that loss with patience and discipline or get a higher RR from the trade. The mechanical entry confirmations I have are backed by data I gathered over the years and they appear 95% of the time, the challenge is to follow the plan everytime and that is something everyone will have to train themselves to do. Some people will find it easy, others might find it difficult and even when you got it on lock, complacency might creep in. The good thing though is that using this method to analyze the market you can find higher RR trades relatively often because it's a trend base strategy and a trend can continue for longer periods of time and these highe RR trades will make the mistakes hurt less. Also before I forget in the Timing portion of the strategy I have specific timing windows backed by data that shows when volume usually increase in the market and we need volume to get those big moves. These timing windows are different from traditional timing but some overlaps. When the entry confirmation comes in these windows, the accuracy of the trades improve. All of this information I spent 11 hours to go over in more detail in my course. I then built a chrome extension to structure the process and guide my actions for better consistency and discipline and risk management. The DTT framework I developed using data that works is powerful but it still requires you to execute it with discipline and these tools I develop helps to make it easier to execute consistently. I haven't mastered the strategy but I apply it well enough to make profit which is the main objective. Anyone can do this, you are only limited by your own ability to execute consistently. Final recap: Direction: Use htf to determine trend and market structure phase. Target: Use higher tf AOI in combination with MS and trend behavior to determine the market next likel y market structure move: HH,LL,LH,HL Timing: Use lower tf trend alignment with specific candlestick reversal patterns backed by volume and volume increase periods for more precision. If you found this epistle of a post valuable leave a like and follow along the journey. If you like to learn DTT visit my website in the first comment below, I updated it today. There is a free path and a paid path. For full transparency the free path is when you onboard via Hyro Trader using my affiliate link/code, they pay me a commission which is an additional source of income for me. This commision is not an expense to you. Its free on your end if you pass the evaluations you get refunded your full registration fee. Hyro Trader benefits from getting more profitable traders to earn them money passively, they also benefit from people failing challenges because 95% of traders without a system and proper risk management will fail. By using my affiliate link you have a chance to be part of the 5% that don't fail.
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