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Double Top, Double Bottom Fallacy 11 replies
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Happy New Year To All!
DislikedHi, Quick question. How does the smart money reverses the trend ? Let's say SM adsorbs all the pending retail shorts on a downtrend, once there are no more shorts, does SM start buying initiating new large long positions ? and in that case who is the counter-party if there is no one left to sell ?Ignored
DislikedHi, Quick question. How does the smart money reverses the trend ? Let's say SM adsorbs all the pending retail shorts on a downtrend, once there are no more shorts, does SM start buying initiating new large long positions ? and in that case who is the counter-party if there is no one left to sell ?Ignored
Disliked{quote} How does the smart money reverses the trend ? Answer: The smart money changes the mindset of herd from e.g. short to long with a bullish trend reversal pattern and a subsequent strong move to the upside.........Ignored
DislikedSorry Mike I see no comments in telegram is it only you that can see them?Ignored
DislikedI can't see any comments either. That's what I can see right now: {image}Ignored
Dislikedthanks Mike for the help. I joined the group and still can't see today's comment. Maybe I'll see all future one.Ignored
DislikedReminder: there is a FREE signal service where M30/H1 signals are provided, with a telegram group and signal voting! You find it in the new SIGNALS-section on the website. 1. Please register to get the invitation links to the telegram group and channel 2. After you receive the signals you should go to the voting page to vote for or...Ignored
Disliked{quote} Everything seems to be OK with telegram Robin. Telegram seems to behave like this: - new members of a channel can see old messages of the channel - but new members of a group can't see old messages of the groupIgnored
Disliked{quote} Hi Mike, Thank you for creating this useful thread. How to join the channel? i already in the group anyway.Ignored
Disliked{quote} How does the smart money reverses the trend ? Answer: The smart money changes the mindset of herd from e.g. short to long with a bullish trend reversal pattern and a subsequent strong move to the upside. Once that change of the mindset is completed the long trend will run further without the help of the smart money. Why does the trend run further (after a reversal pattern and strong move) without the help of the smart money? Reason 1: The greed based emotions of new bullish traders {image} Reason 2: The fear based emotions of short positioned...Ignored