Market conviction

Daily market activity involve money from different TFs, & the amount of it varies across the days. Market conviction on a given day is nothing but the function of variable proportions of sticky or strong money compared to the weak money. It can be restated as- 'Who has control over day’s market activity'- Is it the weak money or strong money? On a day if strong money dominates, it shows trending prices; while on those days where sticky money doesn’t join hands with weak money- it shows non-trending prices.

As a Trader, you must be looking for trading with the OTP money & definitely not trade against them. But how to gauze the market conviction? The answer lies in using 30 min Market profiles, which is a tool to listen to the ongoing market auction; most importantly, it is an intellectually stimulating tool to master. JD rightfully claims that one can train himself or herself to identify the patterns & discern the ‘proportion’ of different moneys involved in day’s market activity & hence one can trade with market conviction. I hope you are getting the feel of what it means when JD says- “I will teach you how to think about the market”. I hope I will do justice to him by simplifying his concepts in this blog. Let’s get into the details of his concepts.