Sunday afternoon. Playoffs are looming and your team is knocking on the door towards mid-field. To stand a chance you desperately need a first down – and then something. A touchdown is too much to ask for – but a field goal will seal the deal.
Inevitably at this moment, the cameras always seem to pan to the skybox – where the opposing team’s defensive coordinator is sitting with his team plotting your total annihilation. Protected from the noise of the crazed fans, he looks at his play sheet and a sly smile crosses his face. His coordinators nod in unison – those devils have their play. Oh, to be a fly on that wall in this moment!
Every day, in every market – a smile creeps across the face of an institutional trader as he or she plots their move. You can use tick charts to help monitor their volume and the plays that they’re running – so you at least stand a chance.
I am writing this article as I have become increasingly frustrated when listening to the ‘so called experts’ provide their rationale on why the financial markets are taking a beating. They base their conclusions on fundamental analysis of a security when I know that Fundamentals are Worthless; price is pre-set far in advance by Fibonacci concepts!
You’ve spent vast amounts of time, money, and effort to become an options trading expert. You know the difference between bids and offers, puts and calls, exercise prices and expiration days.
And you still can’t make any money.
Catching a falling knife, standing in front of a speeding train, buy low and sell high, these are just a few of the terms used to describe the art of trading reversals. If successfully identified and executed, it can be one of the most lucrative trades that exist.
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