Tutorial Step - Let's Zoom Out!
- Breakdown: The breakdown we saw in the 1H chart is evident in the 4H chart too.
- Immediate past: Before the breakdown on April 10th, the market had been ranging for a while.
- Before that: The market was trending upwards—that is, the intermediate-term was in an uptrend.
- Downtrend: The breakdown on April 10th marked the start of a downtrend in the intermediate-term.
Defining a Trading Idea — TOC
You just did step 19 in the tutorial.
1. Defining a Trading Idea Tutorial
2. Tutorial - Defining a Trading Idea
3. Tutorial Step - Before we start...
4. Tutorial Step - Ready to Mine..?
5. Tutorial Step - Let's Mine Some Data..!
6. Tutorial Step - Why Test Trading Ideas..?
7. Tutorial Step - The Trading Process
8. Tutorial Step - The Appropriate Context
9. Tutorial Step - The Entry Rules
10. Tutorial Step - The Prediction
11. Tutorial Step - The Testing Mechanism
12. Tutorial Step - Let's Go On a Field Trip!
13. Tutorial Step - Are We Up to Date..?
14. Tutorial Step - BB On the Charts!
15. Tutorial Step - Bollinger Bands Rules
16. Tutorial Step - Can You Think of Any Ideas?
17. Tutorial Step - Breakdown of the BBs
18. Tutorial Step - What Else is Going On?
19. Tutorial Step - Let's Zoom Out!
20. Tutorial Step - The Big Picture!
21. Tutorial Step - What Do We Make of This?
22. Tutorial Step - Look to Your Left!
23. Tutorial Step - Wouldn't It Be Nice?
24. Tutorial Step - March 7th to March 12th
25. Tutorial Step - We've got Two Hypotheses!
26. Tutorial Step - What Is Missing?
27. Tutorial Step - Let's Define the First Two!
28. Tutorial Step - Entry Rules
29. Tutorial Step - Predictions and Testing