From the Desk of S&P Trader, Larry Levin
Secret Trading Tip #5 How to determine when the market will change directions
When I started trading on the floor I noticed a lot of floor traders checking their alphanumeric pagers or "beepers" numerous times throughout the day. At first I thought they had other business or personal interests that were trying to contact them. Then I noticed these "beepers" seemed to be going off at the same times through the day. I did some checking and found there are services that issue a "page" whenever a specific chart pattern appears.
Reversal pattern: A charting pattern that tells you when the market is going to change directions.
Finding These Reversal Patterns in the Market is a Huge Step to Your Becoming a Successful Trader
Reversal patterns are extremely important to a trader as they tell us when a market is possibly about to change directions and move the opposite way. Finding these reversal patterns in the market is a huge step to becoming a successful trader. They are quite easy to find in the market if you know where to look.
That pattern often identifies turning points in the market. After doing the homework I found this simple pattern would be easy for the electronic trader to spot and, best of all, the off- the- floor electronic trader would see the pattern before the floor traders beepers went off.
My custom mentorship programs contain all of the latest information regarding this state-of-the-art chart pattern. There are even two ways to trade the pattern, an aggressive approach and a conservative approach. The course teaches you how to quickly calculate the exact entry and stop loss price for either approach.
Now you can get the "edge" even before the Floor does.
That pattern often identifies turning points in the market. After doing the homework I found this simple pattern would be easy for the electronic trader to spot and, best of all, the off- the- floor electronic trader would see the pattern before the floor traders beepers went off.
My custom mentorship programs contain all of the latest information regarding this state-of-the-art chart pattern. There are even two ways to trade the pattern, an aggressive approach and a conservative approach. The course teaches you how to quickly calculate the exact entry and stop loss price for either approach.
Now you can get the "edge" even before the Floor does.
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