In this thread I will post my H4, Daily and Weekly Analysis using a new concept in technical trading LIQUIDITY. Liquidity differs from volume in as far as volume is actual transacted trades. Liquidity is the potential for trades to be transacted. You can liken the difference to potential energy, where you have a weight and you drop it, at height X and weight Y. it has potential energy. But if the weight is moving its got kinetic energy.
Don't worry i am going to keep it simple.
I trade four markets.
GBPUSD
Bitcoin
SP500
GOLD.
Although my indicators work on any time frame, I like to stick to the H1 and H4 to make trading decisions, then enter on the 5 min chart.
Firstly, lets look at the SP500
Currently, the SP500 is heading into a cycle turn, PM me if you want to see how I calculated the turn cycle. But we have no liquidity and the histogram is low indicating no turn.
Don't worry i am going to keep it simple.
I trade four markets.
GBPUSD
Bitcoin
SP500
GOLD.
Although my indicators work on any time frame, I like to stick to the H1 and H4 to make trading decisions, then enter on the 5 min chart.
Firstly, lets look at the SP500
Currently, the SP500 is heading into a cycle turn, PM me if you want to see how I calculated the turn cycle. But we have no liquidity and the histogram is low indicating no turn.