Recently, I wrote a post called the Forex Trading Market Snapshot to show you how to spot forex trading opportunities among the various timeframes of the six major currency pairs.
Market Snapshot Videos
Many of the bootcamp members have had questions about filling in the market snapshot worksheet, so I created 2 video tutorials to explain how I get the symbols I get.
In the original post, I gave some guidelines for filling in the sheet. This made things a little more complicated than I had planned… After thinking about it more deeply & reflecting on what I actually do (the market snapshot was a new tool I created to help you see market patterns), I’ve simplified it.
The New Market Snapshot Guidelines
Use technical analysis to determine whether there is currently an uptrend +, downtrend -, or consolidation (aka no-trend) o.
For the market snapshot worksheet, it’s not important to get the wave in the right pattern, because it will rarely line up. Instead, make sure the entire wave is point in a certain direction. When you look for a trade, you’ll look for the right wave pattern…
Note: You may fill in the market snapshot differently than I do. It’s ok. In some cases there will be a difference of opinion. If you don’t know, put a o. You will get better at this as you continue learning & watching the trades that I do throughout the rest of the bootcamp.
Market Snapshot Video (part 1)
This video shows you how to determine the +, – & o’s on the market snapshot worksheet.
Market Snapshot Video (part 2)
This video shows you how to shade in the boxes so you can look at forex trading opportunities in the market snapshot worksheet.
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