Day-Trading-Addict
The key takeaway from "Once I Figured This Out Scalping Was Easy" is that understanding market direction is crucial for successful trading, and this can be achieved by studying trends and reversal patterns on charts. The speaker stresses the importance of not trading if the market is unclear and avoiding biases that may prevent traders from adapting to market changes. He also describes his personal approach which involves creating a bias before looking at levels and reactions at those levels. Overall, the video offers valuable insights for traders looking to improve their scalping strategies.
In this section, the speaker discusses the importance of understanding the direction of the market. He suggests that new traders often struggle with understanding market direction, which can lead to losses. To better understand market direction, he advises plotting a moving average or trend line on your chart, studying your charts, and studying reversal patterns. He also emphasizes the importance of not trading at all if the market is not clear, and not getting married to your bias as the market changes. Finally, he discusses his personal approach to trading and how he creates his bias before looking at his levels and reactions at those levels.
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