The best trading system you will find. The TimeFrame Analysis
So, the best trading system is the Time frame Analysis. Well ok, let's continue our discussion from Timeframe analysis as the best of all day trading systems.
Remember, at the end, What we need to be aware of is that The Market is just a mechanisms of forces (money) acting with different time horizons, since they all have different objectives. Understand this and you have the best trading system in the world.
Now, our job is to analyze charts, and data like news, from the BIG Picture or broader perspective (weekly charts,daily,etc) down to the most narrower charts (5 minutes chart, 2 minutes chart, etc) and vice versa...But...Why vice versa?
Because, all trades begin as a scalp or an "small profit trade", which means, that you must also be aware of what the Very very short-term participants are doing.
Now my friend, I know you might be wondering, How Do I do this? well...
Although there exists something called Depth of Market, which shows you the Bids and Offers currently to be made in The Market (I will expand more on this later), another good way I have found is using candlestick patterns in short-term charts.
We do this in order to to determine a "place" of supply and demand level where all market participants both long term and short term coincide in opinion, which means, a Supply or Demand level is formed in The Market by all participants.
In The Futures Trading How To system we analyzed the market using the following participants or forces, which form the time frame analysis.
Let's see This Forces in Detail:
Essential Tools For Traders
Praveen from Miami, Florida.
First I must congratulate you on a very successful and useful site. It is practical and really helps to trade with confidence. Excellent work. Trust me when I say this...
I have gone through thousands of sites before I came across your work and indeed it is commendable. I have one question for you. After drawing support and resistance lines on the 30 and 5 minute chart, do you then focus on a 2 minute chart and take your trades based on candlestick patterns?
Robby from Indonesia.
WOW, very very good materials. I've been studying market profile and supply and demand for about 2 years now. So far, I found the materials in your website to be very generous.
Jose, Las Palmas, Gran Canaria, España.
Hello, i only want to say you thank you for all this free information, for me that I'm a begginer all this information is pure gold.
Thank you very much.