Using "Big Picture" Analysis to Guide Trading Decisions

Описание: Are you looking for unique ways to use “Big Picture” analysis to guide your trading decisions? In this episode, Brent Penfold from indextrader.com.au joins me to share some interesting (and effective) techniques he uses to determine the big picture to guide trading and investing decisions.

Here are some of the topics we discuss:

Why the big picture is so important in trading,
How technical analysis can fool traders,
What are fractals and why they matter,
Validating market reactions to specific levels,
The Market Ladder that projects support and resistance levels,
Using fractals to see the big picture and the simplest fractal pattern there is,
Pivot points over multiple timeframes and market expectations around pivots,
Examples of market reactions to pivot points,
Is it safe to get back into the market?
Fractals and pivot points on non-index markets,
Dynamic pivot points vs static pivot points,
Robustness in old trading ideas,
And much more!

You can find more from Brent at https://indextrader.com.au

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Timestamps *
00:00 Introduction
01:25 Brents systematic trading background
03:20 Why is the big picture important in trading?
05:40 What are fractals and why they matter
07:00 Example patterns that are fractal
07:50 How technical analysis can fool traders
09:15 How to choose a higher timeframe for big picture
11:10 Validating market reactions to specific levels
14:00 How does “big picture” apply to short term traders?
17:15 The Market Ladder that projects support and resistance levels
26:10 How much data you need to predict price levels
29:00 How to project resistance levels
30:15 Using fractals to see the big picture
35:15 The simplest fractal pattern there is
35:40 Pivot points over multiple timeframes
39:10 Market expectations around pivots
41:55 Examples of market reactions to pivot points
46:10 Is it safe to get back into the market?
52:10 Fractals and pivot points on non-index markets
59:25 Dynamic pivot points
1:03:00 Robustness in old trading ideas


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Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.