We are what we think; all that we are, arises with our thoughts; with our thoughts, we make the world.
  • Most of the formations will not appear as perfectly as they are in the manual.
  • Has the market been trending? up? down? Or is it consolidating (up and down)?
  • Is the market showing signs of exhaustion? Is each candle getting progressively smaller?
  • What time is it? Is this the opening of a trading session, the lunch time, or the closing of the trading session? Which trading session, Asian, European, or US? The first 2 1/2 hours of a trading session are best. Some traders close before lunch, many close before the closing of their trading session.
  • Does the formation agree with other technical considerations, such as fibonacci patterns (wave based or time based), pivot points, support/resistance, logic points, divergance?
  • Can you afford the trade? Does the trade meet your equity management rules?

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