This Method is about reading candle pattern.Without any indicators,naked trading.Because we believe that candle is the best method to predict the market as long as we can read the pattern that has been formed.This way is very simple but need a little experience to apply into real trading.
Simple Strategy to Predict the Market Direction,step by step:
Open chart in all time frames.H1,H4,D1 and W1.In the same PAIRS.Don't load any indicators so the chart looks clearly.
2. Look at TF W1
To predict the long Trend ( several next weeks direction),open W1 and see pattern that has been formed.This is to avoid the BIG floating if the market is not as we predicted.Here's the example:
The market was weakening and start reversal.The best probality of the pattern is that market will bear.
2.Open TF D1.
By opening D1, at least we will know where the direction of the market in the coming week
Why should we drawed the Up direction at the last candle?
Because we see the long tail at the bottom that indicates the pressure from buyers.A little UP trend on the next several hours may be going to happen.
3. Open TF H4
At the same time,open TF H4.The image above is the pattern that formed in TF H4.Weakening trend shown by the several short candles.Also there is Bulish pattern in the last candle.That is good!
We can predict that Market has a high probability to move UP.
4.Open TF H1
At the last time, open TF H1 to make conclusion.
By opening higher Time Frame : W1,D1 and H4 then we make a conclusion in the time frame H1.The result is like as you see at the image above.
That is the Simple Strategy to Predict the Market Direction.
Sorry we can't make long description of the strategy.We adjust to the post title" Simple..."so the description is Simple too.^_^
Hopefully the strategy will help you on trading.
In the last words,we will provide the useful wise sentence:
"TRADE WITH WHAT YOU SEE NOT WHAT YOU THINK"