@walata
When starting trading, keep these 3 key points in mind:
1. Market structures: Understand the 3 main market conditions - uptrend, downtrend, and sideways/range.
2. Trend identification: Recognize trends using the following patterns:
- Uptrend: Higher Highs (HH) + Higher Lows (HL)
- Downtrend: Lower Highs (LH) + Lower Lows (LL)
- Sideways: Equal Highs and Lows
3. Time frame focus: Analyze trends using:
- Macro trends: Daily, Weekly, Monthly charts for broader perspective
- Micro trends: 4Hrs, 1Hrs, 30Mins, 15Mins, 5Mins charts for precise entry points
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