The key to profitable trading is found in structured analysis and taking good risk reward ratio trades.
If you can see both bullish and bearish traders view on the market you'll have much easier to adjust to whatever position that will give you best risk reward ratio and probability of a winning trade.
My methodology for this is simple:
1. I look at price action and structure (highs and lows) to find the trend.
2. I draw Fibonacci retracement levels between highs and lows to find support and resistance levels.
3. I enter trades in direction of the trend at support/resistance when you get an entry signal.
You can take quick trades at tops and bottoms if my risk reward ratio is good. But I only take aggressive trades (big size) when all three steps align and my risk reward ratio is good. Because while there are several ways to make money in the markets over the long term there are many more ways to lose money quickly and easily.
My hope is that by sharing these tips, you can learn from my experience and avoid common mistakes