Now if you are a trader who uses these methods then yes you might win a few trades but the likely story is that you loose more than you win, this is because banks run the markets and they dont use patterns and candlesticks to trade with, you really think they sit there all day waiting for a FORWARD FLIP FLOP with a BACKWARDS TRAMPOLINE to form before taking a trade? NOPE! They just trade of key levels and trend lines... this is why 95% of retail traders fail because they are taught they MUST trade using these bullsh@T methods... and who do you think creates these methods.... yes the big banks so they can take even more of your money.
Now i have finished ranting lets take a look at the trade, we can see that price currently had a break on the 4th touch of our ascending trend line before coming back to retest it before bears took back over again, now where can see price making a run down to our support where we might see some bullish moves upto our zone (yellow box) this zone is placed at the 3rd touch of our descending trend line, this is where we will be looking at taking short trades.
Remember trading is a game of patience and thinking outside the box.. if you havent got these 2 qualities then you may as well stop trading because you are only wasting your own time and hard earned money.
Hope this rant has helped you, you can always come and have a chat with me if you want to change the way you think in the markets.
Fair enough, whatever helps you pull the trigger. You are however wasting your time or think your clairvoyant by thinking you know where the banks are gonna take price next. We all take losses, this is inevitable, bottom line matters most. If you’re making money all the power to you with whatever strategy you use! But all you’re doing is waiting for a different type of pattern to emerge lmao. Don’t pretend you know where banks are gonna take price and that trend lines or magic Prince reversal patterns. Read price not try to predict where in the future something might happen, because it’s touched this, you can’t know what’s coming next only a probability and we adjust risk to matched that. Don’t pretend whatever it is you do, matters more is more valid just cause you make more successful trades. However there is validity in the things you say, don’t be arrogant friend
CrazyCartel
⋅
@tradeharry, I am not trying to say im better than others or i have a crystal ball that allows me to win every single trade with 0 DD, i am just trying to open peoples eyes that most of what they are taught is utter bulls@it which is why 95% of retail traders loose money.
tradeharry
⋅
@CrazyCartel, yeah i read over my comment and wanted to edit it or delete it but couldn't. I realised I misinterpreted what you were trying to do. My apologies friend. You speak the truth!
scottnereus
⋅
lol banks don't use trendlines, that's how I know you've never worked at a financial institution period. Another retail who thinks they know how the market moves lol
CrazyCartel
⋅
@scottnereus, What part of it says i have worked at a financial institution idiot? Of corse they use trend lines just on higher time frames like monthly chart. Learn how to read before you reply.
scottnereus
⋅
@CrazyCartel, they do not use trendlines or candle sticks for that matter, you retail muppet HAHA!. You crack me up, pretending to know how a bank/prop shop actually trade.