• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart because we will have had a completed three touch structure.
• If price pushes up impulsively to and ideally just above either our upper trend line, our upper rayline or our lower rayline, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag and if the flag forms just below our lower rayline as illustrated I'll be hiding my stop loss above it for extra protection as illustrated.
• If price pushes up to and ideally just above our lower rayline, then regardless of how price does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag.
• If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place any of these trades.
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Treat trading like a business and it'll pay you like a business.
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“The success of an investment is all about its execution and is not about its outcome.” - Naved Abdali
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"The more you trade, the more you realize how critical patience is." - FalconFX
Reaally bad and poor analysis..And It is too complicated for nooo reason...Bad execution on trades, bad stop losses....I mean man i hope you make some money with these "flags" and these "patterns" but i really doubt it...You seem like an "analyst" and no trader...in real life that analysis make no really sense and things doesnt happen in mysterious shapes...Markets are NOT instrested in your "SHAPES" and "Patterns" a lot.... It is just some times you are lucky take some trades that happened to make a SHAPE... BUT IT IS NOT the reason why the trade maybe took your way...
Lewis-D
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@kostas0pap, Trading is about probabilities, These "patterns" have standed the test of time. Reversals and continuations. Breathing cycles.
The market isn't "interested" in anyone's analysis, it does what it wants from transactions/orders, it just happens that these "patterns" form... But everyone has their own analysis style. If its profit expectancy is positive then its self explanatory that over a period it'll be profitable...
So please keep your negative and shitty comments to your self.
So to answer your opinion...
I trade this exact strategy "IN REAL LIFE" and i'm also consistently profitable.......
So to summarise your comment. Its too "complicated" for you because your clearly not open to different ways of approaching the market.
All the best
StewySongs
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@Lewis-D, Wow. Someone who actually understands trading and who's just summed up my thoughts better than I ever good. Well said Lewis. ✌️
StewySongs
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@kostas0pap, My bank balance is suggesting otherwise. P.S. I'm not the one watching tutuorial videos. 😉
enxmul17x
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@Lewis-D Mate there’s no need to be rude and arrogant about it
Lewis-D
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@enxmul17x rude and arrogance was never intended. it was straight to the point no fluffy business 😁