Post
Topic
Board Trading Discussion
Topic OP
CHANGE WITH THE CAHRTS
by
Cummingbird
on 02/04/2025, 16:43:26 UTC
Years has passed, decades has passed since individuals started reading charts for a living, and just like the way life changes the chart also changes.
how many of you all still remember when support and resistance was prioritized or when trend line was prioritized in the market, those where the times you will see massive profits as soon as the market touches a trend line or support and resistance, but if you take a closer look at what the market does nowadays you will understand that those areas are now used as liquidity although they are still being considered but not prioritized due to the fact that liquidity is now the back bone of the market, but some people fail to understand this and they still prioritize support and resistance over liquidity which makes the market keep on stopping them out and it leads them to unnecessary loses. so i will advice all traders that will come across this to understand that the market do change and adjust due to the fact that big banks and companies are getting more and more interested in trading the forex market.
So as the market change we all should also change the way we approach it, and i do believe that there will still be some changes in the future.