I'm going to show you a very simple way to determine market direction that any 6 year old can do. First enlarge the chart. Then go stand on the other side of the room. If you can determine from the that far away what the trend is then trade in that direction. If you are going to try and trade counter trend then be ready to take profits very quickly and keep position sizes very small because the larger trend is going against you. Very important don't ignore bottoming signals. We just got very clear bottoming signals but I see many permabears again ignoring the signs.
2 months ago