Just 1 trade today… I talked about it in a lot of detail so you get a chance to see the whole trade selection process a little better. I occasionally get comments that make it clear that people don’t realize I look at more than the 3-minute chart. I just show the 3-minute chart because that’s the way I fine-tune my entry. And, since I always run out of time in my videos, that’s all I can do. But, there is always a lot more to it than that!
I know lots of traders were hurting today… the Q’s only finished at 72% normal volume… still rising but not quite there. Gotta remain careful!
September 12th, 2007 at 3:53 pm
nice points & explanation of chart pattern consumption/comparison on different time frames.
And that triangle really stands out on that pt & fig compared to candle.
September 12th, 2007 at 4:26 pm
yes, because PnF charts and classic chart patterns are based on the same thing… price reversals. So, even very deformed triangles and head+shoulders etc can look perfectly clear on PnF charts.