Below are two charts I avoided, a JPM short and an AV long. In both cases I was far too consumed with the candles (price action) instead of objective supply and demand levels. More info in chart...
Lesson: Supply and Demand over Candles! In both these bets I was far too concerned about the minute price action around an area of supply(demand) rather than focusing on the fact that price was at an objective level of supply(demand). I don't need bullish candle patterns to buy at demand or bearish to sell at supply as price is at an objective level where there is a supply/demand imbalance!
Lesson: Supply and Demand over Candles! In both these bets I was far too concerned about the minute price action around an area of supply(demand) rather than focusing on the fact that price was at an objective level of supply(demand). I don't need bullish candle patterns to buy at demand or bearish to sell at supply as price is at an objective level where there is a supply/demand imbalance!
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