When 5 or more experienced traders say "wow", "OMG" or equivalent about a tanking asset, and do so within 50 seconds of each other, the smart money is likely out and the asset is likely (>50%) to bounce.
The System:
- when you see 5 in 50sec - buy small position @ market.
- speed is crucial - do not check chart
- after purchase, check chart - if its bounced, exit at small loss
- if no-bounce set stops and take profit ASAP.
The System:
- when you see 5 in 50sec - buy small position @ market.
- speed is crucial - do not check chart
- after purchase, check chart - if its bounced, exit at small loss
- if no-bounce set stops and take profit ASAP.