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Professional Technical Analysis
& Market Reading
Presenter :- MD Rocky Yaman
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Why We Analyze?• To understand the present
market behavior to predict the future changes in the
market• Finding Probabilities
• Good Analysis = Chances to make profit from the market
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What is our objective?
CONSISTENT GROWTH OF
CAPITAL
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TRADING REALITY & CAUSE
• 95% of the traders fail to achieve success in the trading universe.• Root Cause – Not understanding the
communication of the market.
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Understanding Analysis
• Whatever tool we use - We use for understanding the present scenario of the market to predict the upcoming moves by observing the data in a chart• Our Main Motive – To understand where the market may move
next (Probabilities)
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Market Myths• Whether its Fundamental, Technical or
Sentimental, we will be trying to understand what market is trying to communicate with us.• Good Fundamental Event may lead to
negative or no change in a currency• Overbought or Oversold do not guarantee
market is going to bounce vice versa• Numbers of bulls and bears do not specify
which is going to take over next.
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How we are going to Analyze?
EVERYTHING IS THERE IN THE CHART, We just need to
change our PERCEPTION to watch it.
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Brief About My Trading Career
• I have been a total Fundamental, Technical and Sentimental Trader • What matter to me is “how I can predict the
market well”. • I have seen – Market not responding to the
news, Indicators not telling the true story, candles are not quite trustable.• Then I started searching for my Answers by
Books, Webinars, Tens of online and offline courses etc.
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ANSWER TO MY QUESTION•To
Understanding the Market Behavior - CONTEXT
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MARKET IS MYSTERIOUS
• Even experts with good amount of trading experience cannot guarantee the next move with 100% assurance.• Market is like a book with a specific language which traders
often do not understand.• Market is always changing as the world economy.• Eg. There had been no BREXIT in recent years, Trump has
never been the president of US earlier etc.
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Objective of a Trader
The main objective – Not to be Millionaire by night but
being Consistent in profit generating.
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Professional Technical Analysis
Everything happens in external and internal atmosphere is printed
on the CHARTS.
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Professional Technical Analysis
• Whatever tools we use like Bollinger Bands, Moving Average etc. we are trying to understand 3 things in the market.• 1. Market Order Flow – Impulsive or
Corrective• 2. Trend Structure – Volatile or Non-Volatile• 3. Levels – Zones of Buyers and Sellers
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Order FlowImpulsive Corrective
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Order Flow
Impulsive• Extensive Market pressure from one
side• Definitive trend• Profit Making
Corrective• Market pressure from both sides• Range• Profit Taking
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Trend StructureNon-Volatile Volatile
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Levels – Zones of Buyers and Sellers
Event Level Zones
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Understanding Market Scenario
“It is much important to know when NOT to trade rather than
knowing when TO trade”
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Understanding Market Scenario
• For Trend Continuation 2 variables need to match –• 1. Non-Volatile Trend• 2. Impulsive market flow
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Understanding Market Scenario
• For Trend Counter 2 variables need to match –• 1. Volatile• 2. Corrective
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Market Reading with Context
• There are Three things we need to make sure are in place• 1.Market Pressure/OF – Whether corrective or impulsive• 2. Trend Structure – Volatile or Non-volatile• 3. Levels – how price is reacting at the levels
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Market is all about behaviors
It is very important to understand the behaviors to understand whether the
market is going to get bounced off a level or break it.
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Market Behaviors
• Understanding the market is like reading a book but with a graphical language.
• Everything happens in Fundamental events are printed in the charts.
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Market Reading• Market is always changing as the world economy is changing.
Concentrating on the micro to make profit in the market is not feasible, we should act and think macro to be successful.• Fundamental events are the drivers of the market, we need to be
aware of that.• Charts represents the events outcomes, so we need to understand
that.• By Understanding the market gives our brain a signal when it
would be better to take an entry and where to put our limits on. It will be automatically done by our subconscious mind if we make it as a skill by practicing it well.
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Trading Mindset• Each trader is different as every
human is different in perception• Trusting the trading skills and
strengths will give an edge• Not every month will be a surplus• Being in the market is not taking
entries but observing the market• To be consistent in trading we need to
first be consistent in our mind
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THANK YOU