TP89:
They are in charge of the price movement, not you, and if you know how they operate you have a idea on what the rules are.
If smart money told a scalper, price will go up, he would end up losing a bunch of money before price would go up, a daytrader the same thing, even if they knew with 100% certain that price would go up they would lose, why? Because they didnt play by the rules of the game, smart money doesnt give a ■■■■ about scalping or daytrading, all they care is to accumulate they’re positions.
This should be taught from the start. Insight into the behind-the-scenes, inner workings of what moves the market. I think it’s really difficult for new entrants to easily grasp that longer term timeframe point of view.
TP89:
Your job is to try and figure out what they are planning, that should be the first thing you do when you look at a chart, if you are only focused in scalping and daytrading you will never understand what’s going on.