moonchild
VIP Contributor
As the late Mark Douglas stated, Trading is a pattern recognition numbers game, so your work as a trader is to recognize patterns in the market and take advantage of them, as easy as that, but it's kind of a pain to implement, I mean it's very easy to open a chart and observe patterns after they've been formed.
You know what's hard? Recognizing them in real time, to be profitable long term you have to pay attention on the chart and sit there, put in the time and understand the relationship between time and price and from there you can begin to decode real time patterns and trade them effectively.
You can also pick up candlestick patterns and relate them to time and backtest them.
You know what's hard? Recognizing them in real time, to be profitable long term you have to pay attention on the chart and sit there, put in the time and understand the relationship between time and price and from there you can begin to decode real time patterns and trade them effectively.
You can also pick up candlestick patterns and relate them to time and backtest them.