Whooph Trades - Citing Tops or Bottoms
Where does Charlie Begin Looking for his reliable Indicators of a Top or Bottom?
Whooph’s consistent gains are largely determined in the process of citing swing bottoms and swing tops on any timeframe. Whether an investor or a trader.
Charlie Whooph says a Market “tells” on itself before its inks a Top or Bottom. And there is a specific time and place within the structure of a market trend or consolidation to look for and cite that tell.
GEORGE LANE
Seasoned commodities trader George Lane, invented one of the first and most popular oscillating indicators in the late 1950s.
When pressed by his commodities trader team, Lane made an historic, yet forgotten statement of truth distinguishing Indicator from measured Price. He tersely remarked:
Price has MOMENTUM.
Indicators DO NOT.
He walked out of the room. His fellows were dumbfounded. “This is significant”, said one fellow commodities trader. “No, this is genius,” said another, realizing the team might possibly cut in HALF the amount of time they spent researching and crunching data for swing trades in commodities futures.
Lane’s understanding of a thing measured such as Price versus an Indicator’s data measurement such as Stochastic or MACD was ground-breaking. Properly read, he would be able to predict Bottoms and Tops before they formed. Frustrated unskilled critics vehemently claimed then as they do today that historical data cannot be used to foretell anything! (Whooph chuckles.)
Lane’s understanding of Price-Indicator uptrending highs and downtrending lows was unmatched at that time and ironically has gone lost on swing traders today.
Way too many indicators today, with too little understanding of how to effectively use them in an entry or exit, or how they can foretell market movements, swings, corrections, and reversals. And do, for any equity, in any timeframe!
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Charlie has been swing trading since 1999, and as of today averages 155% annually TWA. “FREE” because Whooph’s income is derived from trade gains, not subscriptions.
Thank you so much for reading! - Whooph