How to Pick Market Bottoms With Precision
A veteran trader outlines a reproducible technique for pinpointing market bottoms—especially the more reliable ‘‘second leg’’ of a V-bottom—using candlestick charts overlaid with a 20-period simple moving average and a 200-period moving average. He demonstrates primarily on a two-minute chart but says the method scales to 5-minute, daily and weekly timeframes. Key signals include a prolonged decline with significant distance from the 20 SMA (and a separated 20 from the 200 SMA, or ‘‘dual space’’), followed by a high-momentum ‘‘clearing elephant’’ bar to enter on the break rather than waiting for volume confirmation. The approach de-emphasizes intraday volume because of modern liquidity fragmentation and prioritizes visual price structure and moving-average relationships.
You Break Your Own Rules — Then Blame the Market
A trader laments inconsistent adherence to their plan, prompting a lesson that trading success hinges on rigidly following self-imposed rules rather than blaming market action. The speaker contrasts mechanical, platform-driven stops with consciously executed actions, arguing that intentionally keeping your...
How to Find the “Open” In ANY Market
The speaker argues that every market— including 24-hour futures and forex—has an effective “open” defined by a narrow state where the price, the 20-period moving average and the 200-period moving average converge. Those narrow states, which alternate with wider states,...
