Practice identifying the "Underbelly" (U) structure on daily charts. Once you can spot the transition from "R" to "U" to "L" without indicators, you have officially graduated from retail trader to BTMM practitioner. Disclaimer: This article is for educational purposes based on the BTMM methodology by Steve Mauro. Trading financial markets involves risk. Past performance does not guarantee future results.
If you have been struggling with entries and exits, stop reviewing Parts 01 through 04. Study Part 05. Draw the RUL Top on every chart. Mark the Trading Zones. You will be shocked to see that Steve Mauro has effectively given you the Market Maker's private instruction manual. btmm steve mauro part05 trading zone and rul top
The stops you from chasing price. It forces you to wait for the Market Maker to return to your entry price. The RUL Top stops you from holding too long. It gives you a mechanical algorithm to exit long positions and initiate short positions at the exact moment the Institutional Order Flow reverses. Practice identifying the "Underbelly" (U) structure on daily
The next candle opens inside the wick of the rejection candle (The "U"). Immediately, price breaks below the low of the "U" candle (The "L"). This triggers a cascade of sell stops. Trading financial markets involves risk