What is BBT? It stands for Bull & Bear Thermometer. When price closed above BBT, it is telling the trader, trend for this moment is up, focus on buy opportunities. If price closed below BBT, it is telling the trader, trend for this moment is bearish. Focus on selling opportunities. How do we use BBT to our advantage? And how do we enhance our direction bias with the addition of Emolines. Let's take a look at the video clip that I have captured this morning from Nikkei 225. Before market opens, we can see that Emolines are opening up wide, bullish mode. When market opened at 7:30am, price traded for a short while and decided to go bullish mode as well, at this moment, trader’s focus is to loo
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