As far as trading is concerned every analysis should lead to
the identification of “Actionable” price levels. If your analysis is not able
to identify the price levels where you can take concrete action, it is a waste
of time and you are practicing a useless skill.
My trading revolves around “Decision Points” where I am able
to take action with the least amount of risk. Price can react in three ways at
these levels. It may accelerate through it, stall at there or reverse from
there. My current focus is to develop a “Feel” of the price action at these
levels and enter in the anticipated direction without hesitation.
I have seen many traders spending hours together doing
analysis. Unfortunately most of their time and efforts are wasted as their
focus is not on identifying levels on which they can “React”. Ensure your
analysis is focused on something easily “Recognizable”, “Reactionable” and ‘Repeatable”
otherwise you are analyzing to paralyze yourself
I don't think the matter regarding analysis can be more succinctly put than in the way you have done it here. I also don't know how many people recognise this but you have, with these words, done a greater service to all those attempting analysis than the sum total of all the books and courses out there. Great job! Please accept my utmost appreciation on a difficult topic.
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