anikazahir wrote:Cheers from bangladesh.
Dear Sir but how to trade this?
1. From 'pattern' to 'pattern'?
2. From 'pattern' to breakout?
3. From breakout to 'pattern'?
4. From breakout to breakout?
When and how initiate trade? What is the trigger?
Can you Sir give some examples how to trade this?
I look for the simple answer in P&F and then look to the bar chart for further guidance.
Each point represents the line that is above & below it so that trades are triggered within an area.
Up-channels go up, down-channels go down.
If price is in the top half of a channel then it wants to go up or if it is in the bottom half then it wants to go down.
A beginning poker player plays his cards differently than the skilled player because the skilled player can read patterns and come to logical conclusions based on what is happening at the time.
Ask till he blue, the beginning player receives no benefit from the skilled player until he can put 2 with 2.
Trading is the same. Everyone uses horizontal lines and has simple systems and strategies (they know how to play their cards), but a few observant players can detect the numerous nuances of a chart and adjust their strategy to the situation (they play the player).
Best of luck Anikazahir.