How
many times has your MACD, your RSI, your CCI or whatever indicator it
is you like to trade with told you that NOW was an excellent time to
enter a trade, only for price action to reverse and take you out at your
stop loss within a few minutes?
It happens to all of us, and to some of us several times a day.
The problem is that when your lagging
indicator is telling you to Buy or Sell, there are solid lines of
Support or Resistance in place, guarded by some big money traders who
are waiting to fleece you of all your money, which will all but
guarantee your trade is going to lose.
How many of these lines are there? 5? 10?
Can you name them? Can you name 10 of them? How about 5?
The sorry truth is that the typical
retail trader (you and I) knows next to nothing about these important
price points where trades go to die. As a result, we keep listening to
our lying indicators and jumping into trades right as price action is
about to reverse and head the other way.
Imagine for a minute that you know
about these lines and have your charts set up so you can see right where
price is likely to stall out and move the other way.
How many losing trades could you avoid
by passing on taking those trades that need to break a major S&R
line to get into profit?
50%? 75%? More?
If avoiding losers was the only benefit
here it would be worth every penny. But in the MasterClass “Trading
Between the Lines” you’ll also learn how to find those “sweet spots”
where price is highly likely to move in your favor after an entry,
leaving you only to decide when to exit the trade in profit.
This class is a true game-changer and
if you can’t name the 77 lines of S&R right off the top of your head
you need to take this class, if not for your own sake then for the sake
of your account! You can gain immediate access to all the classes by starting here..
Best,
Mike N
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