But 98.8% of the new traders, don't know how to make one.
I analyzed @niki_poojary's account, to learn how we can create a plan on our own.
Here's the simple 8-step process:🧵
Step 1: Multi-time frame analysis
This is done to:
- Find the structure (HH-HL means bullish, LH-LL means bearish)
- Align trades with the trend on the longer timeframe
- Find important Support/Resistance levels
- Trendlines
She does this to find the direction and levels.
Step 2: Identify Patterns
There are two kinds of patterns: 1. Patterns on the chart. (Eg, symmetrical) 2. Candlestick patterns. (Eg, Bearish Engulfing)
She keeps a track of all these patterns and updates them on @niki_poojary daily.
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All the Top 10 tweets threads I have ever posted to date: 🧵