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Market Bulls Buying High and Selling Low

6/10/2018

4 Comments

 
Ni Hau Traders!
 
Hope your trading is going well.  Awesome break of resistance into an initial uptrend as we forecast.  I love it when a plan comes together!  Review of a few different charts in this video including the ES, Bonds and Gold along with some multiple time frame setups.  It was rollover week so had a little less interest on some of the days later in the week and decided to step aside on Friday, as apparently many did.  Wednesday and Thursday had some interesting setups that showcase the EEdge indicators all too well.  As the title of this post suggests I discuss selling low and buying high, or vice versa depending on who is trading where.  Both are happening, buying and selling at the high and buying and selling at the low and I had a couple of rants about this very subject.  I guess the moral of the story is to keep your emotions in check while trading, and if you can’t don’t call me, I’ll call you…  Didn't your mother ever tell you "If you don't have anything nice to say, don't say anything at all"?  Always listen to your mother.
 
Good Trades,
Trader Joe
4 Comments
Brad
6/12/2018 11:19:06 am

Really nice and informative video. Thank you Joe

Reply
TraderJoe link
6/12/2018 02:30:58 pm

Thank you Brad. Glad you found it informative! -Joe

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JahnB.
6/13/2018 11:13:30 am

so how do you know where amature and professional are?

Reply
TraderJoe link
6/13/2018 02:07:05 pm

Hello,
Thanks for the question. The EEdge-HeatMap analyzes trade size and sorts out small retail traders (amateur traders) who typically trade in 1 lots, from larger traders (professional traders) who typically trade much larger trades, say >10 contracts. This is done real time and plotted on the chart so you can see where these traders are accumulating. As a rule of thumb, fade the small lot trader and trade with the larger lot trader. Amateurs buy and sell breakouts where professional traders are more disciplined and wait for a PB or bounce to enter where they feel it is a better value.

More here:
https://www.eminiedge.com/eedge-heatmap.html

Hope this helps.

Good Trades,
Trader Joe

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