"Focus more on the structure and bias of the market, rather than looking for setups. If you are clear on the structure and bias, trade opportunity will reveal itself"
Identifying Highs & Lows is essential part of my trading. It saves me from being on wrong side of market majority of times. Lot of traders get stuck into conventional way of drawing highs & lows, but fail to understand its not about perfection, its about understanding market pulse by taking guidance from past swings, concentrating on current price action and predicting probability of next market move.
The best way to take advantage of highs and lows is to draw it on higher time frames such as Weekly or Daily and enter trade based on H4 or H1 time frames with reasonable stops and higher risk to reward ratio.
Identifying Highs & Lows is essential part of my trading. It saves me from being on wrong side of market majority of times. Lot of traders get stuck into conventional way of drawing highs & lows, but fail to understand its not about perfection, its about understanding market pulse by taking guidance from past swings, concentrating on current price action and predicting probability of next market move.
The best way to take advantage of highs and lows is to draw it on higher time frames such as Weekly or Daily and enter trade based on H4 or H1 time frames with reasonable stops and higher risk to reward ratio.