Intra-day Analysis

The weekend is here so I thought we would go through price, find a trade and analyze price from an intra-day perspective tracking momentum through its transformations from the beginning of the pattern until we find our entry. Apart from the difference in pace between analysing price on the Daily timeframe to the 1hr or 15 min charts we also have a sharp contrast in the experience of watching price slowly update its patterns verse observing hundreds or thousands of hours of historical price data in a moment. The period of time observing in confusion, observing and not knowing what is going on is the largest majority of the experience. This is entirely opposite when analysing historical data as you will quickly, in a few minutes, scan through patterns until you acquire an understanding of what is going on. Don't assume you will know or understand what is happening when you are actively analysing price in real time. This experience only exists when analysing price from historical records.

Good Trading