GBPUSD 1hr/15 min horizontal split 25 JAN 2020 1121hrs

Messing with split screen format to help in identifying location within the bigger picture. You can see the trend with the trend and maintain awareness of where the important S/R areas are and prices proximity to them. Need more coffee this afternoon.

You can see the results of an RSI negative divergence. Also note the volume expansion as price entered new high ground.

If you correctly draw your channel (and/or key S/R levels) you will have a target area to look for divergence or changes in volume versus some random spot. If price reaches these areas and you don't see your criteria being met, who cares... wait until you do because they come. You can set alerts at those target areas and let it get there on its own.

Practice/training*


“Patience is key to success not speed. Time is a cunning speculators best friend if he uses it right”

Jesse Livermore

Sources of education:
Tom Williams Volume spread analysis VSA/ Master the Markets
Richard Wyckoff
Pete Faders VSA*
Read the ticker dot com
Dee Nixon
BTC trading challenge price action/volume techniques

Good luck