How To Identify Market Bottoms | Forex Factory

  • How To Identify Market Bottoms

    From variantperception.com

    Key to note about market bottoms is that they can only be recognised in retrospect. But this doesn’t make them a quaint academic pursuit. Knowing a bear market has bottomed gives one confidence a new bull market has started. In this post, we outline some of the things we look for around a market bottom. In popular imagination, a bear market is when a market has declined by 20%. A formal bear market is a necessary but not sufficient condition to buy. Generally, when markets are down 20% around recession times, they will decline more. In fact, that is exactly what happened from 2000-2002 and in 2008-09. Very large ... (full story)

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Not-KPMG
Jun 13, 2020 3:51am
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Quoting 4for4
Technically, a bottom is formed when its immediate resistance is broken (“v”). And, a top is confirmed when its immediate support is broken (“^”) ...
But that's after the fact

I mean it's confirmed Bottom.... and if you trade pound liars and buy it.... Stop hunt up.. .. It'll drop right then..... . New bottom.... New fake....

Really beware
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4for4
Jun 13, 2020 4:44am
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Quoting Not-KPMG
{quote} But that's after the fact I mean it's confirmed Bottom.... and if you trade pound liars and buy it.... Stop hunt up.. .. It'll drop right then..... . New bottom.... New fake.... Really beware
Yes, I was just stating a fact. How we use that fact or any fact is up to individual interpretation. After all, aren’t we seeing the same chart but can have hundreds or thousands of different opinions? ...

As traders, we don’t compete with each other but with the market and ourselves ... 😉
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4for4
Jun 13, 2020 1:44pm — Edited
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Quoting LDFX
{quote} You meant (“W”) and (“M”) ?
Double top/bottom ... why not?

Quoting LDFX
{quote} Well, what is the market if not the absolute expression of all traders competing with each other ?
I prefer to use the word “participating” instead of competing ...
So yes, the market is the sum total of participant’s behaviors ...
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MoneyZilla
Jun 13, 2020 7:40am
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Quoting 4for4
{quote} No winner, all losers ...
Aren’t we all losers? At the end...
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MoneyZilla
Jun 13, 2020 5:56am
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Quoting 4for4
{quote} Hello MZ, long time didn’t hear from you. How was the trading tournament that you organized a few years back? ...
It ended as expected!
Reply
LDFX
Jun 13, 2020 9:53am
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Quoting 4for4
{quote} Yes, I was just stating a fact. How we use that fact or any fact is up to individual interpretation. After all, aren’t we seeing the same chart but can have hundreds or thousands of different opinions? ... As traders, we don’t compete with each other but with the market and ourselves ...
Well, what is the market if not the absolute expression of all traders competing with each other ?
Reply
4for4
Jun 13, 2020 5:02am
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Quoting MoneyZilla
No one here, or anywhere, knows a shit about tops and bottoms!
Hello MZ, long time didn’t hear from you. How was the trading tournament that you organized a few years back? ...
Reply
4for4
Jun 13, 2020 6:03am
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Quoting MoneyZilla
{quote} It ended as expected!
No winner, all losers ...
Reply
Trader#1A49
Jun 12, 2020 3:10pm
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Article name should be how to gamble
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Not-KPMG
Jun 13, 2020 3:52am
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Article is idiotic as always....

Crap traders go bancrupted and take jobs to write fat lies - Ohhhh I'd buy these 5 BANK shares and be miiiilionaire
Reply
LDFX
Jun 13, 2020 9:50am
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Quoting 4for4
Technically, a bottom is formed when its immediate resistance is broken (“v”). And, a top is confirmed when its immediate support is broken (“^”) ...

You meant (“W”) and (“M”) ?
Reply
MoneyZilla
Jun 13, 2020 4:04am
Permalink
No one here, or anywhere, knows a shit about tops and bottoms!

Reply
4for4
Jun 12, 2020 6:30pm
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Technically, a bottom is formed when its immediate resistance is broken (“v”). And, a top is confirmed when its immediate support is broken (“^”) ...
Reply
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