Hi, folks. So today we’re taking a look at two different markets. Now it really doesn’t matter which markets these are with, you have to know the chart on the left is on the NASDAQ, and the chart on the right is crude oil. Now, again, if you have to know the timeframe, so each of these are five minute timeframes to five and on NASDAQ, five minute crude, so often get asked, so I was what timeframe is better. So I was what indicator is better? Now, the answer may surprise you, there is no better timeframe, there is no best indicator. It’s really about what is going on in between your ears, your psychology, and how you approach each trade and ultimately how you manage that trade. Because we are all different now than when we use the word indicators. What I’m really talking about are tools. As you can see, I’ve got some lines on the chart here colorful lines, I’ve got some squiggly lines down here at the bottom. These are all tools, they are yes, technically an indicator. But what this is, is price action built into a visual aid a visual tool for us to use. So what we’re looking at here is just a very basic price action pattern known as the 123123, top 123, bottom 123, bottom 123, bottom 123, bottom 123, bottom price, action, setup and strategy that I’ve been using for years. But now with the help of technology and smart programmers, we were we’ve been able to put this concept into a code, which plots the rules on our behalf. Now how you trade these patterns may may differ from the way I trade these patterns. So there is really no right or wrong answer. It’s about how you qualify the trade and how you ultimately manage that trade during the life of its setup. Now I’m going to be talking about this very specific strategy on my upcoming webinar Thursday, April 21, at 2pm Eastern where I’m going to show you the exact rules of this system, setup strategy, whatever you want to call it, registration is free and a hyperlink you to the registration page I get to do is enter your name and email and I’ll look forward to seeing you there.
Technical damage done
A lot of technical damage done today across the board….however these types of moves can set up some absolutely beautiful trade ideas for the rest