Chapter 3 lesson 1 - Market making

Question 1

Why is the time aspect so important in trading?

Answer 1

If you’re looking to buy in a real market situation, you would need to wait for seller in order for you to buy from them.

Likewise, if you’re looking to sell, you would need to wait for a willing buyer so that you can sell to them.

This principle can be applied in the forex market as well. By using the daily, and other HTF bias as a guide, wait for the market to take you to the appropriate area.

Question 2

What should you do if you’re looking to buy?

Answer 2

If you’re looking to buy, you need to patiently wait for the market to take you to an area where you can meet sellers.

Sellers are typically met beneath old lows.

Question 3

What should you do if you’re looking to sell?

Answer 3

If you’re looking to sell, you need to patiently wait for the market to take you to an area where you can meet buyers.

Sellers are typically met above old highs.

Question 4

When are you most likely to be taken to the area of interest?

Answer 4

NY opening.