Most people look at a chart and see green or red. What actually matters is whether price is still holding its moving averages, because that is the one thing separating a normal pullback from a trend that has quietly ended.
Bitcoin is the cleanest example I have in front of me. For months, every bounce died at the daily 50, which told you the downtrend was still in control. Price eventually went quiet, built a base, and then pushed through the daily 50 on a squeeze with the Moxie Indicator confirming and volume behind it. The one thing I am watching now is whether it can keep holding those same moving averages on the way up.
From there I go through CART, which broke the daily 50 and then actually held it, wheat reversing direction on the monthly chart on enormous volume, and a five year walk through AMD where the Moxie Indicator called almost every fake out before price did. That AMD section is also where I show the new dots we added, the trampoline and inverse trampoline triggers, and what it means when price sits above the 50 while Moxie is below zero.
None of this is about calling the next candle. It is about knowing where you are wrong before you are in the trade, so you are not chasing and you are not guessing when it turns.
The full breakdown is in the video below.
Your Profit Pilot,
TG Watkins
Heather just ran a full webinar on her swing scalping approach and the replay is posted. If shorter, faster swing trades are what you are after, it is worth your time. Watch it HERE.
