The 3 things that actually matter when reading a chart
Most new traders stare at 47 indicators and wonder why they keep losing.
Here's what I've learned after years of trading: simplicity wins.
1. Price action at key levels
Support and resistance aren't lines on a chart — they're zones where real money is making decisions. Watch how price reacts at these levels, not just that it touches them. Rejection wicks and volume spikes at S/R tell you everything.
2. Volume confirms everything
A breakout without volume is just noise. If price breaks a level on thin volume, it's probably a trap. Wait for confirmation — it saves you from the fakeout that wrecks most accounts.
3. Trend structure over indicators
Higher highs and higher lows. Lower highs and lower lows. That's it. RSI divergence means nothing if you can't read structure. Learn to identify when structure breaks and you'll catch reversals way earlier than any indicator will tell you.
Stop overcomplicating it. Master these three things and you'll be ahead of 90% of retail traders.
If you want daily breakdowns with these principles applied to live markets, The Trading Floor is where I share everything — alerts, analysis, and live trade reviews.