No, today that retracement after the HH was just a freebie. All I'm saying is the triangle was composed of congestion, lower highs and higher lows when something out of the ordinary formed like say a higher high or a lower low officially confirming that the congestion is over, then you had the signal to look for an entry. There is more than meets the eye on the above comment, give it a good solid thought. Anek
Anek, The trend is our friend. Candles are our friends also, imho. I have to say the multiple losses for you is no problem for psyche, but most cannot ever get thru to the other side of the curve where the losses are like water off a duck's back. I have spent way too many years trying to minimize losses to the nth degree. That was mistake. Have now in my hands some very good stuff but cost of finding them was too great, as i tried to never lose. Foolish is as foolish does. Now I just put huge odds in my favor with very low risk. Some of your stuff I already use and totally agree with. Rest is still very good, no doubt about that.... .you are the most generous guy of all along with a guy named Mr. Marcus....Thank you Anek...
B, Just like a business has expenses and operating costs so does trading. Losses are inevitable and required in profitable trading. The sooner that is realized the quicker you will reach profitability. Anek
anek is there a specifc time frame u prefer on nq? i have mine it is 15 min. do you like? old dog looking for pat on head. thanks
Correct. Price found an upswing after being trappped in congestion so up it went. Don't forget the magic tick otherwise known as tick above breakout bar. Anek