We approach all markets the same way with “Price Flow analysis”. It goes something like this:
1. Prices flow and try to fill or “overfill” channels.
2. We estimate channels by adding boundary lines, but we don’t know with accuracy the last point of a
channel, nobody do. We can only estimate the direction in the last point.
3.By analyzing a few timescales simultaneously we can find points of U-turns.
Avoid “trading the news” at all cost.
Being a new contributor to PimpHop, I’d be curious to find out if anyone have any questions? Please keep in mind that in no way am I a financial planner, adviser, consultant or anything like that.