The market, on any timeframe, has repeatable phases. Most traders don't understand this process, much less have the knowledge and tools to profit from it. Most systems, in fact, are built to perform well in just one of these cycles. Trend or momentum based systems print money when the market is trending, but may not be as effective when the market is consolidating. Counter-trend or reversal based system do well in consolidating markets, but may take losses when the market keeps going.
Take a look at the key levels of support and resistance as well as the “watch out below” point.
Join David Johnston for this live webinar event introducing the three phases of the auction along a method to help you quickly and easily identify which phase the market is in. Topics reviewed include:
- An effective way to shorten the learning curve and becoming a consistent trader
- The biggest mistake most traders make
- Several of the specific trade setups take advantage of each market phase
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David Johnston is a professional trader and educator with over 25 years of experience. Known as an expert in market auction theory and the Market Profile, Dave has developed a unique "2 out of 3" method that takes the logic of the Market Profile and boils it down to the shorter-term timeframes. This allows for more holistic understanding of the market auction process and a clean and simple method for successful short term trading.
This website is for educational purposes only. Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.
