How “Sideline” Price Action Helped Us Reap a 180% Gain

If you can master these two phases, then you’ll know when it’s time to stay out of the market, and when it’s time to press your advantage… [Jeff Clark's Market Minute]( How “Sideline” Price Action Helped Us Reap a 180% Gain By Imre Gams, analyst, Market Minute All financial markets have only two phases of behaviour. If you can master these two phases, then you’ll know when it’s time to stay out of the market, and when it’s time to press your advantage. On Monday, I explored the [first phase of market behaviour]( – impulsive price action. Today, I’m going to go over the second kind – the corrective phase. The corrective phase is simply a temporary interruption of the larger trend. Here’s how it works… Recommended Link [Historic Changes to Your Savings? (March 21st)]( [image]( “As a former Goldman Sachs managing director, I feel it’s my duty to warn you about what may be coming on March 21st. [It all starts with a new Presidential executive order, that may directly install MAJOR changes to your bank account.]( And it’s all backed by the biggest companies in the world: Citigroup, Ford, MasterCard, Visa, and Coca-Cola. Stephen Roach, former chairman at Morgan Stanley, says: [“U.S. living standards are about to be squeezed as never before.”]( Listen, I’m not here to scare you… but I am here to help you prepare. I get into all the details and the exact steps I’m taking.” – Nomi Prins [Click here to see what’s NEXT for America…]( -- How To Identify a Corrective Sequence When a big move is finally exhausted the market will pull back, correcting the prior move. Eventually, the market will finish correcting, and the larger trend will resume. Traders should sit on the sidelines once a market starts correcting. They should look to get into trades as the corrective phase comes to an end, and the next impulsive phase is set to begin. You can easily identify a corrective sequence on a price chart because it’s almost always contained by two trendlines. If the trendlines are either parallel or converging on one another, then you likely have a corrective sequence on your hands. Here’s an example of a recent corrective price action from a Currency Trader recommendation… Corrective Price Pattern in USD/CAD On March 3, I issued a trade recommendation to subscribers of my [Currency Trader]( advisory. The recommendation was to set a buy entry order on the U.S. dollar and Canadian dollar currency pair (USD/CAD). I had identified a corrective price pattern in USD/CAD, which had interrupted an uptrend that started on February 14. Check out the price chart below… I’ve drawn the corrective pattern using blue lines. You can see how this corrective pattern interrupted the larger uptrend. This pattern is known as a triangle and is one of my go-to trade setups. When prices break out of the triangle’s trendlines, you can be sure to expect a big move. And that’s exactly what happened in the case of USD/CAD. Take a look at what happened after I recommended buying this currency pair… USD/CAD did indeed have a big move to the upside. As a result, my subscribers were able to bank a [gain of around 180%]( on this trade. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. This is exactly why it’s so important to be able to identify the different phases of market behaviour. If I had issued my trade recommendation in the middle of the corrective phase, then it’s possible the trade would have been stopped out for a loss instead of a gain. Being able to differentiate between the impulsive and corrective phases is my foundation for consistently finding big moves in the market. The good news is that you can do the exact same thing. My suggestion is to start by looking for only one kind of corrective pattern at a time. [Finally, gain financial freedom in 2023 using this method]( For example, you could master the triangle first, just like I did. Once you are confident with the triangle, you can add another setup to your trading plan. Pretty soon, you’ll have several reliable high-quality corrective price patterns in your trading toolbox. And that means finding those big moves will eventually become second nature. Happy trading, Imre Gams Analyst, Market Minute P.S. If you’re interested in making profitable trades like USD/CAD, you can check out my forex trading advisory [right here](. Besides a 93%-win rate, I also provide my subscribers with plenty of educational content to help you start finding big moves on your own. And if you have any questions about trading or the market, I’m always there to answer through regular videos and updates. READER MAILBAG Are you confident in your ability to correctly identify impulsive and corrective market phases? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [The #1 stock for 2023]( Investment expert Brad Thomas knows how to pick stocks. He bought Starbucks back in 2006… He bought Nike in 2003… And he and his team delivered a perfect track record from March 2020 to September 2022. Now, for a limited time, he’s revealing his #1 stock for 2023… [Get its name here.]( [image]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. 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