9 Tweets 2 reads Nov 07, 2023
The two most important things in trading/investing that lead to consistent returns.
Thread:
1. Quality Supply and Demand Zones:
To identify market turning points and market moves in advance with a high degree of accuracy, you need to know where institutions and banks are buying and selling in the markets.
To accomplish this, you must be able to quantify any marketโ€™s real supply and demand by looking at a price chart.
2. A Clear Profit Zone:
Just as it is important to identify strong supply and demand zones on a chart.
It is just as important to identify areas on the price chart where there is very little supply or demand.
These are the areas where prices will move quickly through.
Without a path for price to move after we enter a position on the chart, there is no trading opportunity.
What we are looking for are supply and demand levels with a clear profit zone between them.
There are many supply and demand zones on a chart.
Often, there is a very quality supply and demand level on a chart, but the problem is they are too close to each other or there is too much trading activity between them, which again means no trade.
Everything you need to see is on the price charts, if you know what youโ€™re looking for.
If you have been schooled in the theories of conventional technical analysis, you may be blinded by illusions of chart patterns that never really worked for anyone.
Have no fear, there is a cure.
Remove everything from your charts except price and price alone.
My hope is that todayโ€™s little nugget of information helps you achieve the consistency youโ€™re looking for.
Feel free to comment your thoughts!
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