The “Double Bottom” is perhaps the most popular of all the conventional technical analysis setups. It is in nearly every trading book written dating back almost a century. I Googled the term and found 9,310,000 search results. With all the attention and popularity, everyone must be making a fortune with this trading setup. The problem is this: how many people do you know that make a consistent low risk living trading the Double Bottom? I speak with and to hundreds of thousands of people around the world and I have never met one. The purpose of today’s article is to slightly shift your thinking from a retail Double Bottom thinker to a professional or institution double bottom thinker.
I started my career on the institution side of the business, not in the retail education world. What I do is make sure OTA students trade the Double Bottom like an institution, not like a retail trader who learned to trade with conventional technical analysis reading trading books. Let’s look at a recent example of this from the Supply and Demand grid that I produce each day for OTA traders in our exclusive Mastermind Community.
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