Educational Piece: How To Find Tops And Bottoms w/ NO Indicators
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 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 levels. (Without a BIASED Opinion of what You Think Price Will Do)…You’ll be able to “Print Money” out of the market.