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bulldozer130

1,059 Posts.

23/12/16

01:22

Post #: 21527741
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Originally posted by Jako64 ↑

Oh OK, I'll have a look later on & see if I have anymore data.

I would usually look at the weekly chart first, and try to understand what is going on in the bigger picture, then move down to a daily timeframe for some detail of the day to day trading.

Yeah, debating (for too long) which name should be applied to a certain bar is a bit of a waste of time to some degree.
That time is usually better spent analysing the chart and in particular, putting the background of the chart into context with the current trading.
So long as you can identify that a certain bar is potentially strong or weak, and if it is primary (like climactic), or secondary (confirming), strength or weakness, then you are well on your way, & can work out the particular bar's VSA name at a later date if required.

Yes, when learning (in particular) do as many charts as possible, put up your analysis and watch for the response, do some bar by bar analysis, and ask questions (ask why)....because the more you do, and the more you ask, the faster you will develop your understanding.

good luck and enjoy

cheers

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Thanks mate, appreciate it!
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