Many Forex mentors and institutions focus on lagging Indicators and chart patterns but I only teach retail traders the expensive TRUTH I learnt from my Wall Street mentor, which is low risk high reward trading at market turning points.
Who are those who sold in a market that is bullish long term? Once again, Novice traders are guilty.
They are conditioned by their mentors to buy after an uptrend and sell after a down trend, which is against the trading psychology of big Banks.
It is always better to start analysis from a top bottom approach and not the other way. The bigger picture provides market direction cues better than the lower time frames.
I knew what retail traders will do when AUGUST started, i.e continue a temporary down trend. I did order flow analysis and located where big Banks had previously traded and had their excess unfilled buy orders knowing that they serve as a magnet for price. (Price has to come back to fill those buy orders with sell orders)
By experience and skill, I was able to catch the low of AUGUST 2021. Think and trade like a bank.
To become successful order flow traders goes beyond market structure which is only 29% of the analysis. For many
RBDs are in the market, so which one will give the best low risk trading opportunity? ANS: The one at the right location and not close to an opposing zone.