Bulls live above the 200-day, bears live below
Are you flying with the birds or swimming with the fishes? The 200-day moving average divides the investing world in two. Bulls and greed live above the 200-day, while bears and fear live below. Sellers eat up rallies below this line, while buyers to come to the rescue above it.
The big move hides just beyond price congestion
Enter in mild times and exit in wild times. Don’t count on the agitated crowd for your trading signals. It’s usually too late for an easy profit by the time they act. Execute new trades in narrow bars at support or resistance whenever possible.
Big volume kills trends
Blow-offs take buyers and sellers out of the market. When volume peaks too sharply or quickly, it will short circuit movement in the prevailing direction. These climax events wash out the crowd as efficiently as a flat market.
Current price is the best indicator of future price
What does the latest number say about the market? The answer predicts the next number, up or down. But go ahead and add a few indicators anyway just to stay out of trouble.
Perfect patterns carry the greatest risk for failure
Demand warts and bruises on your trade setups. Market mechanics work to defeat the majority when everyone sees the same thing at the same time. Look closely for failure when perfection appears.
Trends rarely turn on a dime
Reversals build slowly. Investors are as stubborn as mules and take a lot of pain before they admit defeat. Short sellers are true disbelievers and won’t cover without a fight.
Some gaps never fill
The old traders’ wisdom is a lie. Exhaustion gaps get filled. Breakaway and continuation gaps may never fill. Trade in the direction of their support when price approaches for the first time.
Are you flying with the birds or swimming with the fishes? The 200-day moving average divides the investing world in two. Bulls and greed live above the 200-day, while bears and fear live below. Sellers eat up rallies below this line, while buyers to come to the rescue above it.
The big move hides just beyond price congestion
Enter in mild times and exit in wild times. Don’t count on the agitated crowd for your trading signals. It’s usually too late for an easy profit by the time they act. Execute new trades in narrow bars at support or resistance whenever possible.
Big volume kills trends
Blow-offs take buyers and sellers out of the market. When volume peaks too sharply or quickly, it will short circuit movement in the prevailing direction. These climax events wash out the crowd as efficiently as a flat market.
Current price is the best indicator of future price
What does the latest number say about the market? The answer predicts the next number, up or down. But go ahead and add a few indicators anyway just to stay out of trouble.
Perfect patterns carry the greatest risk for failure
Demand warts and bruises on your trade setups. Market mechanics work to defeat the majority when everyone sees the same thing at the same time. Look closely for failure when perfection appears.
Trends rarely turn on a dime
Reversals build slowly. Investors are as stubborn as mules and take a lot of pain before they admit defeat. Short sellers are true disbelievers and won’t cover without a fight.
Some gaps never fill
The old traders’ wisdom is a lie. Exhaustion gaps get filled. Breakaway and continuation gaps may never fill. Trade in the direction of their support when price approaches for the first time.
3 comments:
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