until you get it right.
Find double highs on the chart
Check if did the price sweep above them and there after waiting for the retracement and
place a limit order at the OTE level.
When you practise on a demo account pretend as if you are live meaning place realistic
orders, so you can get used to them
Another Fibonacci exercise or rather clear example on how to see a retracement with what I
have told you:
Check how the buyers enter at retracements. The Fibonacci is used to see the perfect entry
for those retracements to also become a Buyer in the market.
Remember the market is moved by buyers and sellers. The large buyers and sellers are the
ones making the bigger trends or moves. When we are talking of those traders remember we
are talking about the banks and other large institutions involved in the market.
So, you as a small investor or retail trader, your main aim is to get in with the Big players in
the market. So be smart and practise whatever strategy is shared here as it studies how the
Smart money or big pockets trade.
POWER OF THREE
It is a tool that allows you to anticipate well how the market will go about for the rest of the
day. The Power of three has three concepts that allows you to study or see how the Market
makers go about in trading during the day.
For bullish and bearish momentum, we have the following three concepts: BULLISH DAY
Distribution – the market will firstly become bearish when it opens to collect new orders
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