Dislikedspotting these price action set ups at double or triple bottoms/tops and finding divergence with cci,macd,stoch,rsi etc is about as sure a money making set up as your going to find in this business if your a chart trader. spend some screen time and go look to confirm. a strong case can be made to just be patient and trade nothing but these set ups. they are not rare and can give any new or struggling trader a very good chance of success if they learn to use good MM/risk perameters and follow my mantra of treating it as a business. This is a very large thread with a ton of great posts by a lot of great people but trust me when i say this.
If you will take this one post seriously it might be the single most "valuable" one in the thread.
JimIgnored
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I believe . . .
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"Believe nothing you hear and half of what you see." Proverb
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I believe . . .
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Money & Pain
Respect the market, protect your capital, be patient
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- Edited 3:57pm Jul 16, 2008 3:45pm | Edited 3:57pm
- Joined Jul 2006 | Status: Member | 4,090 Posts
I dream, therefore I become.