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This is a great thread and I don't want to be left out.Here's what I look for:Volume accumulation on the whites (ringed in blue)Attempts that fail with black candles on lighter volumeAt least two of thoseBig white on increase in volume breaking the down-trending topsThe bottoms need to be flat - or very close to flatOh - My first concern is that I need to know when I'm wrong. For this one it will be a close below 14 so I set my position size accordingly ....and .... over 10 years of doing the same thing over and over ... so if its not boring then I'm at risk of running down my capital ... for excitement look elsewhere ....
This is a great thread and I don't want to be left out.
Here's what I look for:
Volume accumulation on the whites (ringed in blue)
Attempts that fail with black candles on lighter volume
At least two of those
Big white on increase in volume breaking the down-trending tops
The bottoms need to be flat - or very close to flat
Oh - My first concern is that I need to know when I'm wrong. For this one it will be a close below 14 so I set my position size accordingly ....
and .... over 10 years of doing the same thing over and over ... so if its not boring then I'm at risk of running down my capital ... for excitement look elsewhere ....
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