Remember this 'bullish' wedge?
Fell right down
Fell right down
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Disliked{quote} time to find a reason to look... target hit, and a bearish wedge needs breaking. see if volume is drying up.. {image}Ignored
Disliked{quote} I really dont know how you can sound so sure in every chart like that? How do you really know bears want this and bulls want that ? There are some who are only bulls and some only bears ? Good lord! Would someone be so crazy as to only trade one way all the time ? Its not about bulls or bears, just sheep following fundamentals, technical, charts, price etc.Ignored
Dislikedand i think the bears, oops i mean traders will target the black trendline, to around 1.2700 ...Ignored
Disliked{quote} Thanks for the chart I entered a small short, SL not set yet.Ignored
Disliked{quote} To me patterns are not profitable at all Everything about triangles, wedge, H&S and so have never been working here...i let that style for the pros. It's probably because i'm not good at drawing things. It's better and easier to read than drawingIgnored
Disliked{quote} and i think the bears, oops i mean traders will target the black trendline, to around 1.2700 before bouncing north {image}Ignored
Disliked{quote} first the last picture was not a bullish wedge, it never broke out.. second i dont think much to chart. its and odds game.. nothing any of us do here is a sure thing. i am using current pa with respect to past pa indications. i will be wrong pretty often.. and when i am i will lose sometimes. and when i am right i will win sometimes. add in some mm and it pays the bills.Ignored
Disliked{quote} yes, me too. (and ok, it was a 'bullish' wedge setup, (that failed) )Ignored
DislikedPatterns do work. It's just that they are not reliable. A trader needs a line to trade off of. Any line will do, but those with a higher probability are preferable.Ignored