From last weeks article (Return to First Principles)…
- You must aim to BUY at areas where you know others will buy after you, because their buying will create the net orderflow or bullish pressure to drive prices higher, allowing you opportunity to profit.
- You must aim to SELL at areas where you know others will sell after you, because their selling will create the net orderflow or bearish pressure to drive prices lower, allowing you opportunity to profit.
Or from the opposite perspective, this would be…
- BUY because there are no more sellers.
- SELL because there are no more buyers.
Let’s look at a trade example.
Lance Beggs