Hi, Lexys! I started the thread to focus on a top-down outlook on EURUSD and the pairs on my watch list. I want to use it discuss a top-down approach with members' input/contributions. I don't see the analysis I do as detailed enough to be under 'The Analyst Arena' unless the forum moderator feels otherwise. I want members' views, particularly those who trade the pairs on my watch list or are short-term swing traders. Trade safe.
If you want to successfully trap the market, your timing is key. Beyond price, timing is everything. You have to know when to wait and when to strike. If you enter a trade at the wrong time, you know the result may be detrimental to your account. To trap the market, S/R zones and other boundary-definition factors are important. However, it is very important to use the strong zone-definition factors or levels and know when to enter your trade. Trade safe.
Do you analyse the market with a top-down approach? If so, share your view or analysis here. Although much of the focus is on EURUSD, any pair you want to use as an example of your approach will be accommodated. Good luck in your trade.
Nuggets: Don't use too many technical indicators or technical indicators that don't perform complementary roles. Use a few (for me a max of 3) complementary technical indicators as part of a few significant confluence factors to track, stalk and trap the market/price action.