The 3 Phases of Trade Analysis

Phases of Trade Analysis

The Expectation Phase:   A technical trader anticipates that a past price pattern will repeat again, so he identifies the pattern, locates a current one and determines a suitable match is present.  Technical analysis is nothing more than finding previous price patterns matched with current market conditions.  As the Old saying Goes "What goes around comes around" Traders anticipate such repetitive behavior based on human nature and seek to take advantage of it. Expectation Phase should not make a trader Bias, and words like "SHOULD","WOULD", "WILL" can destroy traders account. You need to make a proper plan with very very strict risk management.
The ACTION phase involves executing the

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