Traditional technical analysis focuses on how to trade when a market breaks a significant high or low but never when what happens when it holds up. This is where I come into the picture. I have repeatedly posted these trades because they provide an extremely asymmetric risk reward ratio. During bearish phases, it is important to adapt to the market conditions. It...
One thing that is a problem for novice traders is the lack of repeatable trading setups. Manually scanning through charts every day is counterproductive. One might take a trade just for the sake of it if they do not find anything worth trading.
This pattern can be scanned very easily on charting platforms. Lack of patience is very real during early days as a...