Before also, I’ve shown many examples of how the Price & Time structures work in the markets. But, today’s market action is a classical example of that approach. And it again proves why as a follower of the TIME FACTOR, we need non-linear thinking towards time.
When it comes to TIME, there is a thin line between linear and non-linear thinking.
And as a regular reader of this blog, you must be familiar with my thoughts that I don’t believe in using TIME to find TIME. Rather than that, I believe in using TIME to find PRICE. So, let’s look at today’s Nifty 05-minute chart to see where TIME indicates a reversal in PRICE.
Nifty opened 50 points up. And after that, it rose 100 points more. And it was all looking green everywhere, and by seeing that, many traders, especially day traders, would have gone for a long trade. But soon, the tide starts getting change. And bulls gave up all the gains & Nifty fell over 200 points from the Hook selling point.
And that’s how I use that selling point.
Remember, a simple shift in perspective makes a huge difference. Not just in trading but in life too. And that’s what I believe in; seeing things from a completely different point of view.
In short, “Don’t Follow The Crowd.” That’s the idealogy we follow in our work. The crowd (most gann traders) use the time for time. And that’s not just a mistake. But a BIG mistake. That’s what my years of research have taught to me.
If you wish to know more about the Hook timing method, then click here. Or you can read the posts listed below to understand how it works.