Picking Tops and Bottoms

ETH/USD

I want to use Ethereum to make a couple of points. If I were to add up the composite results of every trade I have made over the years that were not confirmed by a simple moving average, the figure would be negative – a big negative. By contrast, most of my large gains over the years have come from trades supported by a simple MA.

The entire advance in $ETH from early Nov 2017 through the Jan 2018 high was supported by a simple MA. Similarly, the entire decline from the late Jan 2018 high to the present has been supported by a simple MA (additionally, classical charting principles have flashed no fewer than four sell signals beginning on Feb 1).

I have no desire as a trader to pick tops and bottoms. I am very comfortable making my living between the 30-yard lines – and almost all trades between the 30-yard lines are confirmed by a simple MA. As such, the idea of considering a long position in ETH at present levels is completely foreign to me.

Factor Membership

.

Peter Brandt is a 40+ year veteran of trading. Through his Factor Service, members receive:

Trading Commodity Futures with Classical Chart Patterns: A free PDF copy of Peter’s classic out-of-print book

Weekend Update: 10-16 pages full of in-depth chart analysis and charting commentary

Alerts: Detailed information on specific charts as unique opportunities present themselves

Market Commentaries: Communications on specific topics regarding market speculation and trading distributed periodically

Webinars: Monthly member-only webinars where Peter speaks about current conditions and fields member questions

Knowledge Center: Fast and easy access to current and archived content from Peter’s extensive library of content

Automatic notifications: Email and social media notifications are sent out when new content is published

.

View your Factor Member options here. You could consider your membership in the Factor Service as just one more trade. If the Factor Service is not of value to you, well, it is just one more trade that did not work. Through the Factor Service I endeavor to alert novice and aspiring traders to the many pitfalls you will face – and to offer advice on overcoming those pitfalls. My goal is to shoot straight on what trading is all about. For more information watch my 30 minute webinar where we cover the Factor service in depth.

I hope you will consider joining the Factor community.

.

.

###