To really understand price action means you need to study what happened in the past. Then observe what is happening in the present and then predict where the market will go next.“Regardless of what you may think, all traders are forecasters, just like the weatherman.”The weatherman knows where the wind is blowing from, sees the high and low pressure systems forming over the land, knows the temperature variation, cold front, hot front…you know what I’m talking about, right? Then what does he do? He will say something like “tomorrow, the weather in Edinburg will be mostly cloudy, slight chance of shower and possibly sunny in the afternoon.”
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