Market Manifesto

In con­ges­tion action trad­ing we move from one lim­it to anoth­er, and reap our har­vest at the edges, plac­ing trades near the con­fines of con­ges­tion. The per­fect per­son­al­i­ty for this type of trad­ing is the aware tech­ni­cian. In con­ges­tion action trad­ing, we know our lim­its. The task at hand is to be per­fect in our exe­cu­tion, and to gath­er in every stalk of grain in the field. Har­vest time is here.

Many if not most traders wait until the trend is estab­lished and then paus­es, before they try to jump aboard. Often they are tim­ing their move exact­ly wrong, when the trend in ques­tion has paused for good rea­son, name­ly that it has reached high­er time peri­od sup­port or resis­tance. This fre­quent­ly means they are buy­ing resis­tance or sell­ing support—a clas­sic and expen­sive trad­ing error.