Not every chart needs a trade. Sometimes the job is simply to identify where the risk/reward starts becoming interesting. While screening for potential shorting opportunities, I came across this setup. The idea was to combine market structure + liquidity + imbalance + trend rather than short simply because price was falling. ๐ What caught my attention? 1️⃣ Bearish structure Price had already experienced a strong decline and was trading below a downward-sloping moving average. That suggested that the broader momentum was still favouring sellers. 2️⃣ Equal High = liquidity above The Equal High marked on the chart is an area I would watch closely. Rather than assuming resistance will hold, I look at clustered highs as a potential area of buy-side liquidity. A move toward or through that area can become important when assessing a potential reversal. 3️⃣ IFVG — potential resistance The purple Inverse Fair Value Gap (IFVG) becomes the key area I'm watching. If price retraces into this z...
Dan Zanger, an iconic figure in the world of stock trading, is a testament to what dedication, astute observation, and strategic discipline can achieve. Known for his exceptional trading performance, Zanger is a self-made multimillionaire and holds the world record for the largest percentage change in a personal portfolio in a single year. This blogpost will explore Zanger's stunning trading performance and detail the golden rules that have underpinned his success. Dan Zanger: The Trading Prodigy Zanger, originally a pool contractor, turned a modest $10,775 into a staggering $18 million within 18 months during the late 1990s tech boom - a feat recognized by the Guinness Book of World Records. But how did he achieve such an incredible feat? Zanger attributes his success to a deep understanding of the stock market, a keen eye for patterns, and an unswerving set of trading rules. His trading strategy is predominantly based on chart patterns and volume analysis , principle...