MightyOne wrote:"...if you want to do something that will pay off, more than any college degree, credential, accreditation or license, sit down with a set of charts and find as many 50% retracements -large & small- as you can. The reward will be the necessary confidence in your charts." -Ken Roberts
When I started trading futures, I didn't know my left hand from my right hand as far a technical analysis is concerned.
I didn't have guru bottom picking skills but I sure could count a 1-2-3 formation; I spent two years paper trading ( age 16-18 ) 1-2-3's, H&S, narrow sideways channels, & 50% levels.
The only question in my mind was how to survive long enough to make it to the 50%.
When I started trading live, the 50% level didn't magically stop working & I made tens of thousands of dollars from a $2,000 account.
This is where price is going ---> to the 50% level, and I will be there.
This is where price is going ---> to Cash Zone Area 1, and I will be there.
Price will try to knock me out before the move, but I will remain.
The chart can test my resolve, I will be there.
Big Chart 50% with some daily Fat Cats. BTW did I miss what "Fat CAt" means?