A study done in the Encyclopedia of Chart Patterns, "flags" like this one have the highest probability of success for trend continuation.
Stops under 69
Stops under 69
Note
TRADING TACTICS: My system has a few ways of holding a position depending on the structure if no target was set (Certain trades should be trailed IMO to achieve the greatest returns - think Bitcoin..). Here they are:
1) Tighten stops to the most recent minor pivot point. This is good for fast profit taking:
2) Stops tighten to the next structure zone. You do not sell unless there is a break of significant structure and if the modified bars remain green. If the modified bars remain green and there is no break of structure, then it is a hold. If the modified bars turn red but structure is still intact, it is still a hold. Minor structure like the one in option 1 would not turn the modified bars red, thus the stop has to be wider to allow high volatility.
Note
@95.80 - new highsNote
Prepare for new highs:Note
Ring the register here. Beautiful move off 95
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.