Stewie, at what point to you start a position in these trades? When it breaks to the upside, or start averageing in now? Just wondering how you plan on playing it. Thanks, Mr.G
Mr G. i mainly use these charts as guides to my day trading. if you are a swing trader, then you have a good risk/reward entry here on some of them with stops right below the lower trendline. i only day trade so these patterns help to me on the side of the true trend.
MrG. i suspect we'll hover around this level for a few more hours/days and i wanna see the pattern firm up before i wanna commit to one side or the other.
Stewie, at what point to you start a position in these trades? When it breaks to the upside, or start averageing in now? Just wondering how you plan on playing it. Thanks, Mr.G
ReplyDeleteMr G. i mainly use these charts as guides to my day trading. if you are a swing trader, then you have a good risk/reward entry here on some of them with stops right below the lower trendline. i only day trade so these patterns help to me on the side of the true trend.
ReplyDeleteMrG. i suspect we'll hover around this level for a few more hours/days and i wanna see the pattern firm up before i wanna commit to one side or the other.
ReplyDelete