I've drawn another trendline .This blue dashed one should be the max swing range unless it is broken out again on the 30minutes. Imo, we are still inside the rising wedge.
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trader wrote:Cobra, in various trading systems, which type do you feel is most reliable, like H1L1/H2L2?
H1/L1 etc is just for scalp not even a system. The most reliable one should be trend following one since no one can predict the market move 100% so why not simply follow?
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trader wrote:Cobra, in various trading systems, which type do you feel is most reliable, like H1L1/H2L2?
H1/L1 etc is just for scalp not even a system. The most reliable one should be trend following one since no one can predict the market move 100% so why not simply follow?
Very true! It's just a little scary to continue follow the trend (which is obviously up) at this high level.
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trader wrote:Cobra, in various trading systems, which type do you feel is most reliable, like H1L1/H2L2?
H1/L1 etc is just for scalp not even a system. The most reliable one should be trend following one since no one can predict the market move 100% so why not simply follow?
Very true! It's just a little scary to continue follow the trend (which is obviously up) at this high level.
My experiences: the one you afraid the most is the most reliable trade; the one you're most confident usually would be a bad trade.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Yeah,if you just look at it for a second or two the chart is a mess. But if you know how to use it it's good for S/R. I guess I should not post it as it's just a working tool of mine which makes little sense for viewers who are not into Gann and Andrew's Forks.