If possible, I try to minimize the discussion of theories because it's boring, I'll try to keep it simple and brief. You can do further research as I have done in the past. What I will be sharing here is a shortcut of my lifetime research.
Also it's December now, so I will be more liberal.
This trading based on value can be used to trade all the markets, forex, crypto, stocks, and etc.
I mostly trade in forex and just recently got interested in crypto.
So for now, let us use Forex charts for uniformity.
Theory behind trading value. The basis of it all.
I would like to discuss it but I think someone discussed it better.
So please take your time and read what he said. It is the fundamental principle in trading.
It was made by fijitrader.
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The Daily Open Line.
Always use this.
This is the mean price for the day unless price re-calibrated to much higher or lower value.
Assess the value always using daily open line for intraday trading. Let us only discuss intraday trading. Maybe I'll discuss swing trading soon.
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Bakit tuwing magpopost ako, nacoconvert sa editing ng last post?
Hindi ko mahati yung thread into topics.
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Application to cryptocurrencies. This is what we call recalibration. I will discuss more on this.
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Oh my goodness. I cannot break the thread into topics, it keeps on returning to previous post and edits it.
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Next is market structure.
Market structure is based on sound logic not on any nonsense.
Look at these re-calibration zones.
Value re-calibrated on these areas.