ChrisMoody
Education

Educational Piece: How To Find Tops And Bottoms w/ NO Indicators

CBOT:ZL1!   SOYBEAN OIL FUTURES - ECBT
A While back I did a post on EURUSD             Showing probability of the big move down we’ve seen.
Here is the Link: https://www.tradingview.com/v/t3spB16U/#tc102804

About 3/4 of the page down I posted another chart with support levels. I received a few questions where I could tell other traders were looking to buy at the first major support levels.

I asked this Question: IF Price does start to Rally…How will you know if it’s a good time to buy? And How would you know if it’s a short lived rally giving you a good place to short at better price Levels.

I went in to detail on what patterns to look for based on Institutional Order Flow. You can read my answers near the bottom of that page.

I posted this chart for TWO Reasons:
#1 it’s Soy Bean Oil             so it’s easier to just observe theh chart without having a Biased Opinion since very few people on TradingView trade this instrument.
#2 ***This chart shows perfectly two examples I discussed on a How to know it’s a good time to Buy, and the second example shows how you would know it’s a False Rally giving you a better Price to Add to Shorting the symbol.

***Draw the Major Support and Resistance levels I discussed and showed on a chart 3/4 of the way down on the link at the top of this page.

***This Chart looks VERY Similar to the EURUSD             I posted in that link.

*******One of the best Quotes I’ve ever heard that Dramatically impacted my Trading is this, “When your Looking at a Chart ask yourself this, What would have to Happen for the MOST Retail Traders to Get HURT”!

When you get good at answering that question…And when you get good at recognizing Institutional Buying and Selling Accumulation, and Institutional Stop runs. You will be able to trade any chart with a HIGH Probability of Success…WITH NO Indicators!!!!

Institutions MOVE Markets…PERIOD. By evaluating Institutional Price Action along with Major Support and Resistance levels. (Without a BIASED Opinion of what You Think Price Will Do)…You’ll be able to “Print Money” out of the market.
Hi chris, would it be possible to have a copy of the Pdf you mention 6 months ago. I just joined and missed the opportunity to read the pdf. Below is what you said 6 months ago.. thankyou for your help.
"Below is a Downloadable PDF of post. Will keep it live for a day or two"
+1 Reply
Great piece, thanks for your input.
Reply
I whole-heartedly agree that it is essential to look at just the price chart for the grand landscape and to always think "Where will the most volume trade in this market"? Markets go to where the most volume will trade, and usually that is to stop out the weakest traders who have built up big positions. Nice chart and thanks for sharing your wisdom with everyone Chris.
+4 Reply
hehe timwest
I like Chris. I'm not against him. Only I think that he forgot a few important things.. A #tradingview is no place for eternal agreement, only to exchange views.
+3 Reply
You said that you disagree. You have to read the tittle "Educational Piece".
+2 Reply
hehe fcha
...my lack of consent is also "educational".
+2 Reply
With ags and commodities - it's always good to know the news, when it comes out, how the market reacts and then a good iron-stomach to handle the volatility.
Reply
hehe timwest
We have a total overproduction of agricultural commodities. Another warm winter in the northern hemisphere withdraws prices to the level of the seventies last century. It will not help the next bottoms or tops. We need the frost or blood... for change the charts...
+1 Reply
hehe hehe
http://www.marketpulse.com/20140925/wheat-drops-4-63-world-production-forecast-raised/
+1 Reply
may be needed when money collapses , we will be feed ..
and the world is desperate ,pay debts with food
Reply
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