Great stuff rifid. Great strategy and explanation. I mostly have traded flat top/ bottom triangles on longer time frames but your strategy & eplanation has added a whole new dimension to my trading approach. Thanks again for sharing your ideas.
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DislikedHello, let me get into this....please let me know if long looks good as it breaks green line {image}Ignored
Disliked{quote} Well according to RIFID, this trade has been invalidated. "You will notice that the bottom points of this pattern are gradually coming up show that the buyers are slowly growing in strength. when the second point is confirmed ,we should now be on alert of a possible trade setup, but don't get to excited yet, what needs to happen now is another small retracement but smaller than the previous and it must create a nice clean void after the second point. " The retracement after the second point to larger that the first retracement.Ignored
Disliked{quote} The retracement after the second point to larger that the first retracement. I see...rifid and spiritwalker, would you still take this trade if it breaks green line? or you would totally dismiss it...because of that condition..Ignored
DislikedHi rifid Thanks for sharing your trade records of last week. As homework, I went over every trade on my charts to see and learn what you did. Need to clarify a few points as some results don't quite seem to tally... 2 June, u/j 15.20 Loss 2% (long trade) -- I see price went to at least 75% of target before turning, so stop loss would have been moved to BE. You reported a 2% loss here. 2 June, G/j 21.05 Loss 2% (long trade) -- same as u/j above, I see BE instead of -2%. 3 June, g/j 7.35 B/E 0 (short trade) -- price didn't reach 75% of target, perhaps...Ignored