Hello traders everywhere, Adam Hewison here, coming to you from the digital studios of MarketClub. Today I want to share with you a trading tool that I learned a long time ago when I was member of the exchange and trading in the pits of Chicago.
It was there amongst all the hustle and bustle, standing shoulder-to-shoulder with some of the most successful traders in the world, that I learned one of the most important tools in trading. I have never forgotten this tool and in fact, I still use this tool everyday when I'm researching a potential trade.
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As computers get more and more sophisticated and are able to spit out trading algorithms faster than you can blink an eye, this simple tool continues to stand alone as a universal market truth. Little did I realize that this simple tool would prove to be so valuable.
So let's get started with this same tool that I have been using now for the past 30 years. I will also share with you one of the core secrets that most traders miss when they use this powerful trading tool.
It's a short lesson that visually illustrates when and how you should use this successful trading tool.
Every success and thanks for watching the video.