What’s The Market ‘Voodoo’ You Do?
(**Note: We’re reposting articles through the holidays in an effort to give our staff some time off to enjoy the season. Happy holidays to all!)
There is something secretive, almost “magical,” about how the stock market ebbs and flows.
No matter what is happening in the world the market keeps moving and, for traders, the challenge is trying to pull back the veil of mystery and predict market direction.
How do you identify hidden levels of support and resistance in market movement that indicate price direction?
Years ago one of the team members at Simpler Trading developed an indicator based on an age-old formula for market predictions. The formula followed “waves” in the market and indicated key signals using lines within a computer trading platform.
The indicator was so eerily accurate that John Carter, founder of Simpler Trading, dubbed these “Voodoo” lines. He marveled at how the indicator seemed to predict future price action like magic.
Today Voodoo Lines® is a staple tool used by Simpler’s team to determine more precise entries and exits with setups across the market. The uncanny accuracy of Voodoo Lines® is unmatched thanks to the proprietary Elliott Wave formula foundation of the indicator backed by up to 30 years of historical data.
Another unique part of Voodoo Lines® is how it works with other long-standing indicators to improve their accuracy. This all combines to maximize profit potential with precise entries, exits, and profit targets when trading futures, forex, and options.
So, if you, too, want to do the voodoo that we do, check out Voodoo Lines®.