Dr. Ken Long - Critical State Scans
Template Description
- When multiple independent demographics are ready for a sharp move.
- When the trigger hits, you get a surprise avalanche that NO ONE is prepared for.
- Since they are just ready for their typical moves. Then fear and greed hit and momentum runs amok
A 'Must Read' Book...
Discover the secrets of successful trading with “Foundational Trading: Plan-Prepare-Execute-Assess”. Benefit from 40+ years of experience as we guide you through statistical-based trading principles, risk management strategies, and real-life examples. Master the emotional challenges of trading and cultivate a learning mindset. With our trusted approach, you'll navigate the ever-changing market landscape and thrive. Join us and achieve professional-level results while effectively managing risk.
More Info
Dr. Ken Long's trading systems utilize the Plan-Prepare-Execute-Assess framework. During the Plan phase, you can employ this template to pinpoint symbols for trading. Symbols meeting the scan criteria and deemed to be in a "critical state" – indicating potential upward or downward movement – should be identified. Subsequently, proceed with the Prepare, Execute, and Assess steps as integral components of your trading system development process.
Please subscribe to the EdgeRater YouTube Channel to be notified of new helpful videos