Buying Bottoms How does the perfect bottom form? Here’s what to look for: 1) Selling Climax – After a prolonged downtrend, downside price movement accelerates and volume expands significantly. Daily spread from high...

Keltner Channels, when combined with oscillators and other technicals to identify cycle tops and bottoms, are an excellent analytical trading tool to determine support and resistance levels in trending markets either in the...

Since the trend is the direction of the next longer dominant cycle than the one you are trading, the beginning of an uptrend is often confirmed by a buy signal in the next longer time frame. In the weekly chart at the two lows...

The chart below shows cycle timing bands that forecast time periods for cycle tops and bottoms with 70% accuracy. Knowing that a cycle is most likely to top or bottom in a timing band allows you to wait for a buy or sell signal...

The key to trading with cycles is an understanding of the interplay of cycles within cycles. Almost all trading cycles have a ½ trading cycle (see following illustration). A 20-day (bar) trading cycle has within it two 10-day...

RSI (Relative Strength Indicator) is a powerful oscillator which can be used to identify cycle highs and lows (to review RSI, see Basic Training: Overbought/Oversold Indicators 1). I have found that for most markets, a three-day...

Cycle Trading Identifying Cycle Tops and Bottoms Editor’s Note: For years Walter Bressert has been an innovative leader in the development of trading systems based on cycles. Walter’s work is difficult, but offers an...

Many people have asked me over the years what it takes to be a successful day trader. The answer is not clear but here are a few observations. First, you must have a complete commitment to trading and do it full-time. If it is a...