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Open original source ↗people can spend the better part of a year trying to call bottom on something, just to see it continue to make a new low for the duration of that period, over and over. Same with trying to call the stock market top repeatedly.
what have we don't this year? We have completely avoided assets in downtrends, and traded ones in uptrends. The rewards are that we will eventually get to buy the ones in downtrends when the market structure changes. without having been exposed to all the downside.
charts that are winners, tend to keep being winners, and losers, tend to keep being losers. and only stop being one when market structure actually breaks. LH + LL. or HH + HL
Sometimes, things for the most part are really that simple. Its stupid, but its simple. The trend is your friend.
Obviously you can do this on lower time frames with MA's and have little downtrends inside the uptrend and vice versa without breaking the larger market structure and trend.
But what really matters is just catching 70-80% of the move. So if you're starting out trading. Simple market structure is probably one of the best places to start. You don't need a single indicator either.
I am trying to dumb it down as much as possible bc there's a lot of new followers lately. But you'd be surprised how many people try to be contrarian about everything, and as a result miss the moves or cost themselves money, time, and opportunity