Hello, my name is Hakeem, I’m a 19 year old student from Slovakia. I find investing and trading very interesting and enjoyable ways for my financial freedom. For the last year I was learning everything I can about investing for the long term, something like warren buffett style. I understand the basics and advanced stuff now, can perform calculations and valuations and I do have an investing plan.
I now want to focus my attention to the trading part of the markets and dig deep into it. The past 2 covid-19 weeks in lockdown really gave me time to start exploring. I’ve messed with trading for a few times, understood the concept and some basic tools but that was about it. But in this lockdown I really started studying everything, found Babypips course, WHICH IM SOO GRATEFUL FOR THANK YOU GUYS, and im going through it right now. But I can’t seem to find any of these patterns in the graph even though i know that they won’t look like in the textbooks, they might be shaped weird but idk it doesn’t add up on the graph… how do i start finding these patterns?
Also I wanna ask, I’ve been listening to Trading for a Living - Dr. Elder, and he mentions a 3 monitor setup analysis. For example - 1 week chart for analysing trend, 1 day chart for trading, and 4 hour chart for the best places. What timeframes are best for day trader and how do you analyze each of those?
Thank you guys for this forum, course and your answers!