Base Camp Trading – MQ MZT

Base Camp Trading – MQ MZT
Ever go hiking? Most people have tried it at least once. And most people know that when hiking, it’s often a good idea to follow a trail.
One of the most famous trails in the United States is the Appalachian Trail, which runs from Springer Mountain in Georgia, all the way to Mount Katahdin in Maine. The 2200-mile trek is a favorite of hikers all along the east coast. At the northern end of the trail, it connects the highest peaks in the Northeast, in the rugged White Mountains of New Hampshire.
It’s a beautiful trail, but it’s not without its dangers. In fact, a visit to the station atop Mount Washington, New England’s highest peak, reveals that over a hundred and sixty people have perished while hiking the challenging trails on and around that peak. And people continue to be challenged by these mountains today.
So how does this relate to trading? The majority of traders struggle with their trades, and often become casualties of trading, losing everything in an account and knocking them out of the game. While a relatively small percentage of hikers meet their demise on trails, the percentage of traders that didn’t make it are even greater. Some studies show that over 90% of traders struggle to succeed.
And why is this?
For many, it comes down to having the right tools, training and experience. You certainly want to be prepared before taking even a causal hike, with snacks, water, a cell phone, and perhaps more important than anything else: a map.
Whether you’re a hiker or a trader, you need to have a clear understanding of where you are and where you want to be. If you’ve hiked the area before, then you may keep the map in your head, but you still need a map – or at least some help in finding a path from start to finish – and to identify where the possible dangers are.
Likewise, if you’re trading, you need a map, too. There aren’t many but they do exist. You can have a trading map.
Of course, you have to know how to use a map. Firstly, you must know how to translate the map to the trail. On most established hiking trails, markers of some type identify the path. These markers are often painted on trailside trees. Each trail’s markers, known as “blazes”, are painted in a specific color which identifies the trail. On the Appalachian Trail, white paint is used. If there’s more than one trail overlapping for a while, two blazes are marked on trees together, one above the other. In addition to the markers, signposts occasionally identify turning points, sometimes with mile markers to destinations.
What happens when you’re atop a mountain and there are no trees on which to paint the trail blazes? This happens above 4400 feet in the White Mountains, leaving nearly 2000 feet of treeless trails.
So how do they mark the trails without trees? Instead of using trees, trails are marked with piles of rocks, called cairns. These are piles of rocks that mark the trail, separated by about 30 feet or so. Why so close? Because clouds can often obscure vision atop a mountain, and 30 feet usually allows a hiker to make out the next pile of rocks from a cairn.
So if most hikers carry maps and have trail markers and sign posts, why have some people met their fate atop the mountains? While there are many different causes, many of them were caused by the unusual conditions that existed. For example, some people chose to hike at night or in bad weather, when visibility is low.
Hiking at night makes trail blazes really tough to see, especially without a flashlight. And even in daylight, with exceptionally thick cloud cover, you can’t always see the next cairn from the cairn you’re at. In these cases, you send out a person from your party in the direction of where the next cairn is likely to be to try to find it. Knowledgeable hikers will keep the party and the cairn behind them in sight as they seek out the next. Once found, the whole party can move on to the next cairn and repeat.
In a way, trading can be like this. We often find ourselves trading with limited visibility. We enter a position with a goal in mind, but sometimes we struggle to find the path to get there. It may not be obvious where the next trail marker is.
Certainly, we often have very little information to trade with, as far as where price may pause as it hopefully moves toward our expected exit. It’s frustrating to have price held up for some unknown reason before it reaches our goal. This can create bad habits that encourage exiting trades early out of fear and dealing with the unknown. New traders especially will get out too early at a pause point before reaching their target. Had they known in advance that price might hesitate at a point between their entry and target, they are probably more likely to wait it out until they hit their target.
Wouldn’t it be helpful in trading if we had a map with trail markers like our trail hikers have? That is, imagine getting into a trade with a target in mind. With a map, not only would we have the end goal in mind, we would also be able to see in advance the possible price points where our trade is likely to pause.
If you learned that such a tool exists, wouldn’t you want it in your trading toolset?
Base Camp Trading has created just such a tool, and it’s already in use by its customers who are saying again and again, “How did I ever trade in the past without this tool?”
Imagine being in a trade and knowing if price moves beyond point X that it’s likely to continue to point Y. Imagine knowing that as price moves toward a level, that there’s a good possibility that price will remain here for a while, allowing you to take profits just as you reach it? Then you can repurpose those funds for another trade rather than keeping your money tied up in a sideways-moving position.
Imagine knowing in advance of entering a position whether you even want to take a trade based on the number of pause points between you and your goal, so you can find a better use for your funds.
Base Camp Trading’s new Gravity Lines indicator is providing the map that traders need to make much better decisions in their trading decisions. Its features benefit all phases of trading, from deciding on when or whether to enter a trade, when to exit a trade, when to take partial profits, and even when it’s a good time to increase your position size.
So how does Gravity Lines work? Gravity Lines uses a proprietary set of calculations that utilize recent and long-term price action to identify key price points in any market. Gravity Lines provides simple chart annotations that clearly show price points that identify zones where price is likely to go, and perhaps hover for a bit. Or for a long time.
Price levels are laid out right on top of your chart, clearly identifying price levels that are hidden based on recent and longer-term price action. These appear on your chart like a ladder, with likely price targets acting like ladder rungs. You can use Gravity Lines just like a ladder, knowing that price likes to hang out at those rungs. Just like a ladder, once we take a step up or step down, we can move on to the next rung.
> Please contact our team if you have questions, or broken links via our email [email protected].