• If price impulses down below all of our upper ascending trend lines and it does so in a convincing manner, then I'll be awaiting a subsequent tight flag and then I'll be looking to get short on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
AUD/CHF:
• If price impulses down below our upper ascending trend line and it does so in a convincing manner, then I'll be awaiting a subsequent tight flag and then I'll be looking to get short on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
Thanks Stewy, and I get it.....your strategy of finding a target, and then qualifying its confirmation, is definitely among the safe ways of trading...Thank you for sharing and teaching.
@fzltrad20201, Thank you. Yes, when asked why people don't just copy his investment strategy if it's so profitable Warren Buffett replied, "because no one wants to get rich slowly". With this in mind I definately prefer the idea of trading safely and steadily. lol 🙏✌️