Today’s video is all about two of these techniques I use DAILY. Maybe they are terms that are new to you but rest assured they ARE important.
A little background: I taught myself how to trade over two decades ago and back in late 80’s there wasn’t nearly the material available today–nevermind the internet! So, without any other teachers than Charles Dow, Richard Wyckoff and Richard Schabacker, I went about deciphering the markets on my own, and with my own language.
Dissecting is the way I describe dividing a pair into it’s two individual currency stories. This is vital to determining the currency that is driving most of price action and also which individual currency is the main reason for my choosing the pair to trade AND the trade itself.
This week’s forex presentation is about the individual currency stories I am watching and trading and WHY.
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