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Free Ultimate Double Top/Bottom Indicator For Profitable Day Trading Strategies
In this article, we shall present profitable day trading strategies using the Ultimate Double Top/Bottom Indicator.
These strategies are based on logical trading concepts, combining multiple and positively reinforcing factors to form one big combined edge that will yield high probability winning trades.
Additionally, there is an excellent FREE indicator to provide remarkable entry signals for these excellent yet simple day trading strategies.
“Everything should be made as simple as possible, but not simpler.” – Albert Einstein
The Free Ultimate Double Top/Bottom Indicator will be taking a lot of guesswork and tedious chart scanning out of your daily trading routine.
There are already more than one thousand traders currently using the indicator. The feedbacks received to-date have been very positive.
Many traders are amazed by the simplicity of the day trading strategies as well as the excellent signals provided by the FREE indicator.
And many of them also indicated that this concept has totally transformed the way they trade for the better!
Free Ultimate Double Top/Bottom Indicator For Day Trading Strategies
So, what does the FREE indicator do?
It is a well-known fact that markets trend up, trend down, or move side-way; these are phenomena that occur in all time frames; and the people who are in control of the movements are the smart money.
What the Free Ultimate Double Top/Bottom Indicator does is to detect the so-called “Fake Breakouts” appeared as “Double Tops” or “Double Bottoms”. Such signals occur when the smart money reverses the trend direction.
These diagrams show the reversal patterns created when the smart money reverses the direction of the trend:
In view of the popularity of the FREE indicator and the fast-growing number of downloads, the developer may stop giving it away.
Day Trading And Longer Term Trading Strategies That Work
In fact, since the indicator works in all time frames, it can be used for both day trading as well as longer term trading strategies. Moreover, the Free Ultimate Double Top/Bottom Indicator works universally in all liquid financial markets such as Forex, Commodities, Stocks and Indices. How is this possible?
The FREE indicator works everywhere because of one truism: all the financial markets are driven by the smart money in the same way.
The double top/bottom indicator simply works universally because it simply exploits the never ending cycle of how the smart money works:
3. Trend Reversal
The smart money is really a one-trick smart pony, manipulating and exploiting the weaknesses of our emotional brain and human psychology, repeatedly.
“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. And if you know neither the enemy nor yourself, you will succumb in every battle.” – Sun Tzu, The Art of War
Since the smart money always operates in the same way, logically then, you will always have an edge if you understand and exploit this behavior, always. In other words, you can have a permanently reliable edge!
Free Ultimate Double Top/Bottom Indicator For Profitable Trades
The following video illustrates the raw performance of the indicator. You will see that out of the 35 signals, with a 2% risk per trade, you could have achieved 128% profit! But that’s not all, you can further boost the performance, and hence further increase your winning edge, if you craft your trading strategies by adding and applying logical trading concepts to the raw signals given by the FREE indicator. This is what we set out to do next.
Day Trading Strategies With This FREE Indicator
We shall now take a closer look at some day trading strategies that combine multiple edges into one big edge. To this end, you may adopt a top down approach, whereby you trade only the signals in the lower time frames that are in agreement with the bigger picture, the larger trend analysis done in the higher time frames.
For instance, one possible top down approach is to analyze the trends in higher time frames by drawing trend lines on the D1 and H4 time frames. Subsequently, trade only the signals on H1, M30, M15 and M5 that are only in direction of the trend line, and to better your winning edge, trade only those signals that occur directly at or near trend line.
Double Top/Bottom Signals Directly At The Trend Line
Some of the best setups that you can trade are the Double Tops and Bottoms that occur directly at a trend line.
It is quite common that price gets rejected immediately from the trend line and then continues trending. Your winning edge just gets that much better if you catch double tops or bottoms directly at the trend line.
For this often times serves as an early confirmation that the next move phase of the trend has just started. And the profit potential of such signals is relatively much bigger because there is a lot more room for a big subsequent move.
a) Double bottoms directly at the trend line:
b) Double tops directly at the trend line:
Real Chart Examples Showing An Uptrend
The following screenshot illustrates a rising trend line drawn on the H4 time frame. At the point marked by a green arrow where price touches the trend line, a double bottom entry signal has occurred on a lower time frame.
The next screenshot shows the entry signal that occurred on the H1 timeframe directly at the trend line:
Double Tops And Bottoms Near A Trend Line
Double tops and bottoms that occur near a trend line are also extremely good setups. In such a scenario, price touched or came near a trend line drawn on the higher time frames D1 or H4, and the next move phase in direction of the trend has already started. The beginning of the move phase can be visualized with the help of the Heiken Ashi indicator on the H4 timeframe.
After the Heikin Ashi having confirmed that the next move phase has already started, you would look out for a double top/bottom signal on lower time frames, M5 to H1, that are in the direction of the trend line on higher time frame. The nearest resistance/support area is usually far away. Therefore, such signals will tend to have great profit potential because there is much more room for price to move before hitting the resistance/support zones.
a) Double bottom trading rules:
As illustrated, price gets rejected from the trend line to the upside. Once the Heiken Ashi of the H4 time frame turned green, it is an indication that the price has moved in the direction of the trend. You shall then watch for double bottom signal on the lower time frames of H1, M30, M15 and M5.
b) Double top trading rules:
As illustrated, price gets rejected from the trend line to the downside. Once the Heiken Ashi of the H4 time frame turned red, it is an indication that the price has moved in the direction of the trend. You shall then wait for double top signals on the lower time frames of H1, M30, M15 and M5.
More Real Chart Examples Of An Uptrend
The following screenshot illustrates a rising trend line on the H4 time frame. Price came close to the trend line and was then rejected to the upside. During the move phase, labeled with green arrow, a double bottom entry signal has occurred on the M5 time frame.
The following screenshot illustrates the entry signal on the M5 time frame:
This indicator detects extremely profitable “Double Top/Bottom” setups. With this indicator you can enter very early into big trends. You can dramatically boost the performance by trading only in the direction of the bigger trend.
Sometimes, good things need not be complicated. By using this indicator, even day trading can be profitable for you!