WHEN DOING YOUR TOP-DOWN ANALYSIS ON THE DAILY TIME FRAME.
WE TRADE WHAT WE SEE, NOT WHAT WE 'WANT TO SEE'. WE HAVE
TO IDENTIFY WHAT THE MARKET IS DOING PERTAINING TO PRICE ACTION
AND TRY TO SEE IF A HIGH-PROBABILITY PATTERN IS PRESENT, THAT
OFFERS US AN "EDGE."
WE TRADE WHAT WE SEE, NOT WHAT WE 'WANT TO SEE'. WE HAVE
TO IDENTIFY WHAT THE MARKET IS DOING PERTAINING TO PRICE ACTION
AND TRY TO SEE IF A HIGH-PROBABILITY PATTERN IS PRESENT, THAT
OFFERS US AN "EDGE."