Normal
There Are Many more places to look.There are a great many patterns but by farmy favorite is Consolidations. In Price/Range/Volume Everything happening IN Patterns leads to what Happens OUTSIDE of Patterns.More often than not it reads IN CONTEXT with clarity.A consolidation is nothing more than price stability in a timeframe, which, will eventually break down to news/whatever, and become unstable. This instability is the move to a new point of stability [higher/lower, the trend].Trading is simply recognising that price stability is ending.Whipsaws are the enemy: they suggest that price stability is ending, when, in point of fact, it hasn't. The key then is differentiating the noise [whipsaw] from the signal [trend away from stability]. Once you can do that consistently, well you are home dry.jog onduc
There Are Many more places to look.
There are a great many patterns but by far
my favorite is Consolidations. In Price/Range/Volume
Everything happening IN Patterns leads to what Happens
OUTSIDE of Patterns.
More often than not it reads IN CONTEXT with clarity.
A consolidation is nothing more than price stability in a timeframe, which, will eventually break down to news/whatever, and become unstable. This instability is the move to a new point of stability [higher/lower, the trend].
Trading is simply recognising that price stability is ending.
Whipsaws are the enemy: they suggest that price stability is ending, when, in point of fact, it hasn't. The key then is differentiating the noise [whipsaw] from the signal [trend away from stability]. Once you can do that consistently, well you are home dry.
jog on
duc
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