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Naked Forex: High-Probability Techniques for Trading without Indicators by Walter Peters, Alex Nekritin

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CHAPTER 9

The Big Belt

It is great to be a blonde. With low expectations it's very easy to surprise people.

—Pamela Anderson

There are a few moments in life that eclipse all others. Some of them are obvious, and you anticipate them: the birth of your first child, your adventures at an exotic faraway land, meeting someone who will become one of the most important people in your life, and so forth. Other moments seem to come from nowhere, out of the blue, but they are often just as critical and just as important. The first time you realize you will become a profitable as a naked trader may be one such moment. The tricky thing about these surprising moments is this: You never know when they will occur, and when they do, it is important to seize them. These critical, beautiful moments come and go, but you must be ready for them at any time.

WHAT IS A BIG BELT?

This next catalyst, the big belt, is much like a brilliant peak experience in life. A big belt is a very significant occurrence in the market. Big belts rarely occur, and when they do they will nearly always occur on a support and resistance zone. The big belt will nearly always occur on the very first day of the trading week, after the market has had some time to think about a fair price over the weekend.

Unfortunately, many traders are a bit too excited when the market starts trading again for a new week. Many traders are thinking about what happened the previous week. Because traders are thinking about the world events

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