Mira wrote:Patterns&Breakouts are in contradiction with the 50% of momentum, isn't momentum a breakout? Why are we trading away from the middle of a breakout?
But if momentum is not a breakout then i definitively don't know what momentum is.
The idea is simple, the applications can either be simple or nuanced.
Here we interpret the congestion with higher closes as a slowing:
In the ideas thread, the idea is that of a 3-bar pattern where the bodies either expand or contract
Here is a simple 2 SMA line chart with the 'jaggedness' of the 1 SMA ironed out:
you can find the same solutions (long/short at a line after an open) with less of a headache.
You only require detail when your lines are a fraction of the M30 ATR.