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Here’s the nuts and bolts of a strategy. I get asked all the time this question… Many new traders overcomplicate every aspect of trading, too much info is not always useful. I get asked about “what is the best strategy” Well, let’s show this in one image. Moving forward will help you pass these challenges or simply make consistent profits. The market moves due to human sentiment leaving it’s own footprint. Tools like Elliott Wave and Wyckoff are not technical analysis (as most believe them to be) They are in fact, sentiment analysis. It’s why they still work 100+ years down the road. Smart Money Concepts, volume profiles, DOM’s and Footprints. The point is the market seeks liquidity, liquidity is created in a sequence and these things all overlap. If you look at high volume nodes, they have been created by sideways action (most of the time) Low volume nodes, imbalance = price moved too fast (some know these as FVGs). Master patterns are simply simplified Wyckoff schematics. So in simple terms – hence, in one image. If you ignore EW or Wyckoff on smaller TF’s. instead zoom out and obtain the bias. COT data can confirm bigger players’ sentiment. Learn the character of the instrument you trade. Learn to find smaller areas of liquidity inside and out types hence the wave notion works. Just remember good risk management is the rule number 1. Most traders try to find the ins and outs, fighting for tops and bottoms, overexposing themselves to risk and then use 14 indicators on 30 instruments over 12 timeframes. submitted by /u/TransitionApart1555 to r/Daytrading |