Hi there,
Will be posting videos of 2 trading screens showing pre market analysis, post market analysis and trades made during the day.
Trades are made on a very simple system of hourly, 2 hourly and 4 hourly Support and Resistance levels.
Charts shown will be a combination of 24 hour charts as well as charts that show only the US session.
The first, and most important thing to note is that most trading days do not have fundamental news which changes market sentiment i.e. surprise Non farm payroll figures, surprise interest rate announcements/guidance. As such, most days are 'technical' trading days, meaning that price will react between different technical levels based on the positioning of traders, where their stops are, and where they have to exit en masse if they are proved wrong.
Support and Resistance levels can be complicated as hourly etc levels can occur at 11am (UK time). These are still relevant levels but priority is always given to S/R levels made during the US session.
Also, S/R levels that are created during the first hour of trading receive priority due to the large volume that occurs during this time period.
I also pay close attention to put/call ratios and always mark out days that occur with serious imbalances as they can act as strong S/R as well as providing an impetus to price if these zones are beaten due to large amounts of trapped traders.
Apologies if I umm and aaah a bit, I'm not reading off a script!
Edit-I recorded across two of my 4 screens-in future I will record just one screen as things are a bit zoomed out