We are seeing a lot of undocumented info about how to trade based on correlation coefficient and we made an article with proof of why that approach is wrong.
Here is a the last part of the article.
The full article is here:
prop-quant.com
Why most people trade it WRONG?
Because they are not putting enough time and effort to deeply understand it
Because...
There’s no right or wrong approach to trading
Day trading, swing trading, high-frequency trading, margin trading, otc trading vs exchange-traded products…. There are so many types of financial products and so many ways you can trade these days and all of them have advantages and disadvantages.
There are no good and bad ways to trade as long as you make profits...
We are sharing this simple but effective way of spotting chart patterns (flags, triangles, H&S etc). Hope it helps!
Try to spot a few chart pattern on this 60MIN candle chart.
How about now? This is the same chart!
TIP: if you want to better spot chart patterns on a chart, try to reduce the timeframe of the candles and then zoom out the chart in the way...
