Saturday post
I want to present my observation on charts patterns..way i look into them for my trading..just look into recent chart +ww ...
Main area of
focus is between Point 5 to sloping trend line...as long as market remains in this area
Intra day trading is carried according to my old way but studying hourly volume divergence is must
Other points are
1.A good pattern never signals when to trade or when to stand aside. It points to a convergence of time and direction that should trigger predictable movement under the right circumstances. It's the trader's responsibility to formulate tactics that capitalize on a setup if it unfolds, and protect the trading account if it fails.
2.There is no single method to trade any pattern, and no setup will evolve the same way twice. The chosen trading strategy must capture expected opportunity while managing unexpected risk.