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?

Share This:

Gold Trading GCC
Gold Trading GCC
2 Great trading tools
Forex Smart Tools
My Amazon store
Click here to view some amazing books and videos on Amazon.

This selection was handpicked by me.
Checkout another website
www.theMeasuringStick.com
This website sells Academic Diagnostic Testing for Home Schoolers and Private Schoolers.