One thing I have paid close attention to in my many years of writing articles is making sure I do not spend much time writing about concepts and strategies that everyone else writes and talks about. If I did, there would be no point in reading my articles. To accomplish this, however, means suggesting ideas, concepts, and strategies that sometimes fly in the face of conventional wisdom. What I have found over the years is that simply questioning anything conventional often exposes a flaw and most importantly, opens the door of opportunity that so many search for but never find.
Today, let’s question conventional wisdom when it comes to price, market timing, volume, and time itself. Specifically, I am referring to what happens to price at key market turning points. The goal of any market speculator is to identify where and when the market is going to turn, before it turns. That is the only way to truly attain a low risk, high reward, and high probability entry point into a market. To make a long story short, markets turn at price levels where supply and demand are “most” out of balance. In other words, the more out of balance supply and demand is at a price level, the stronger and more likely the turn in price. So, how do we identify these levels on a price chart? A deeper lesson on this can be found in many of my prior articles. Today, let’s focus on one specific issue when it comes to identifying key supply and demand levels. Time and volume are two important issues when… Continue Reading
