DislikedHello!
I see potential S entry on my EUR/USD. Would you agree?
A bit off-topic,but not so much:
Just for fun, I'll try to anticipate theoretical scenario:
1) let's assume that this trade goes well in our direction
2) If you look closer or connect highest and lowest close prices, then you will see a pattern - kind of rising wedge
3) if the trade really goes in expected direction, then probably it will break bottom line of the wedge.
4) As you probably know, once the trendline (bottom) of the pattern is broken, then a bearish signal occurs
5) As we are in short trade, then we sit and just watch the action
Anyway, it's just what's came to my mind while staring at the chartIgnored
Great to see creative ideas. Thanks.
Learned ones say there are many ways ro skin a cat. In the same way, all great traders say that there are many different sucessful ways to trade a market and they follow their own success way that suits there pesronality.
Now, here Kevin showed us a very suuccessful way and we may as well concentrate on it to familiarze ourselves and rather not distract ourselves and dilute our efforts. I would love to hear your creative ways (as you have contributed all through in the past) to improve my trading, using Method BB (final).
Thanks for all your contributions to this site to improve our trading.
-Chandra