If you see it enough times then you will know what it looks like.
This is also a perfect example of the "not all green candles that close over something are bullish indicators" pic
that I posted.
Here you can see price "bend backwards", it cancels profit, the range is overly large...just as described in the pic
that I drew for you.
The ideas that I trade by:
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Re: The ideas that I trade by:
What is a 1-2-3? Head & Shoulders? ect?
- biggusdickus
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Re: The ideas that I trade by:
A-B-C Zig Zags
Re: The ideas that I trade by:
biggusdickus wrote:A-B-C Zig Zags
All patterns are related in some way to one another.
- Braathen
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Re: The ideas that I trade by:
Thread title is the spoiler
"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
MO-
MO-
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- biggusdickus
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Re: The ideas that I trade by:
But what I see in the same pattern is probably the most common market alogrythm setup there is.
The boy'z at Goldman call it the ambush trade. ( Not that I ever traded there- but know someone who did).
The pattern is objective - quantifiable and measurable. Combine it with the other things I see mentioned in your thread
( at high's and lows of the range ) and it's like $$ in the bank.
This is the same pattern from the hourly chart but executed on the smaller charts today with my live trades today.
Building my short positions.
- prochargedmopar
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Re: The ideas that I trade by:
MightyOne wrote:What is a 1-2-3? Head & Shoulders? ect?
"All market reversals are dbl tops/dbl bottoms" Al Brooks
Top for example can be HH, LH, or equal (rare) high.
"There is only one Highest High or Lowest Low in a trend"
M.O.
"Little devils"...
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
- biggusdickus
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Re: The ideas that I trade by:
Good old Al- I like Mo's quotes better though..
Re: The ideas that I trade by:
The ability to see with your own eyes & to think your own thoughts, that is what makes money.
Re: The ideas that I trade by:
Just an updated chart.
Lines are always horizontal or 15*.
You can draw a 15* angle as long as the chart is touching the top/bottom 10% of the page;
you can compress your chart horizontally as much as you want, the angles will still work.
Why do 15* angles work so well? They are magical!
Lines are always horizontal or 15*.
You can draw a 15* angle as long as the chart is touching the top/bottom 10% of the page;
you can compress your chart horizontally as much as you want, the angles will still work.
Why do 15* angles work so well? They are magical!
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