Professional Technical Analysis

& Market Reading

Presenter :- MD Rocky Yaman

Why We Analyze?• To understand the present

market behavior to predict the future changes in the

market• Finding Probabilities

• Good Analysis = Chances to make profit from the market

What is our objective?

CONSISTENT GROWTH OF

CAPITAL

TRADING REALITY & CAUSE

• 95% of the traders fail to achieve success in the trading universe.• Root Cause – Not understanding the

communication of the market.

Understanding Analysis

• Whatever tool we use - We use for understanding the present scenario of the market to predict the upcoming moves by observing the data in a chart• Our Main Motive – To understand where the market may move

next (Probabilities)

Market Myths• Whether its Fundamental, Technical or

Sentimental, we will be trying to understand what market is trying to communicate with us.• Good Fundamental Event may lead to

negative or no change in a currency• Overbought or Oversold do not guarantee

market is going to bounce vice versa• Numbers of bulls and bears do not specify

which is going to take over next.

How we are going to Analyze?

EVERYTHING IS THERE IN THE CHART, We just need to

change our PERCEPTION to watch it.

Brief About My Trading Career

• I have been a total Fundamental, Technical and Sentimental Trader • What matter to me is “how I can predict the

market well”. • I have seen – Market not responding to the

news, Indicators not telling the true story, candles are not quite trustable.• Then I started searching for my Answers by

Books, Webinars, Tens of online and offline courses etc.

ANSWER TO MY QUESTION•To

Understanding the Market Behavior - CONTEXT

MARKET IS MYSTERIOUS

• Even experts with good amount of trading experience cannot guarantee the next move with 100% assurance.• Market is like a book with a specific language which traders

often do not understand.• Market is always changing as the world economy.• Eg. There had been no BREXIT in recent years, Trump has

never been the president of US earlier etc.

Objective of a Trader

The main objective – Not to be Millionaire by night but

being Consistent in profit generating.

Professional Technical Analysis

Everything happens in external and internal atmosphere is printed

on the CHARTS.

Professional Technical Analysis

• Whatever tools we use like Bollinger Bands, Moving Average etc. we are trying to understand 3 things in the market.• 1. Market Order Flow – Impulsive or

Corrective• 2. Trend Structure – Volatile or Non-Volatile• 3. Levels – Zones of Buyers and Sellers

Order FlowImpulsive Corrective

Order Flow

Impulsive• Extensive Market pressure from one

side• Definitive trend• Profit Making

Corrective• Market pressure from both sides• Range• Profit Taking

Trend StructureNon-Volatile Volatile

Levels – Zones of Buyers and Sellers

Event Level Zones

Understanding Market Scenario

“It is much important to know when NOT to trade rather than

knowing when TO trade”

Understanding Market Scenario

• For Trend Continuation 2 variables need to match –• 1. Non-Volatile Trend• 2. Impulsive market flow

Understanding Market Scenario

• For Trend Counter 2 variables need to match –• 1. Volatile• 2. Corrective

Market Reading with Context

• There are Three things we need to make sure are in place• 1.Market Pressure/OF – Whether corrective or impulsive• 2. Trend Structure – Volatile or Non-volatile• 3. Levels – how price is reacting at the levels

Market is all about behaviors

It is very important to understand the behaviors to understand whether the

market is going to get bounced off a level or break it.

Market Behaviors

• Understanding the market is like reading a book but with a graphical language.

• Everything happens in Fundamental events are printed in the charts.

Market Reading• Market is always changing as the world economy is changing.

Concentrating on the micro to make profit in the market is not feasible, we should act and think macro to be successful.• Fundamental events are the drivers of the market, we need to be

aware of that.• Charts represents the events outcomes, so we need to understand

that.• By Understanding the market gives our brain a signal when it

would be better to take an entry and where to put our limits on. It will be automatically done by our subconscious mind if we make it as a skill by practicing it well.

Trading Mindset• Each trader is different as every

human is different in perception• Trusting the trading skills and

strengths will give an edge• Not every month will be a surplus• Being in the market is not taking

entries but observing the market• To be consistent in trading we need to

first be consistent in our mind

THANK YOU