This is one of my favourite setups. Doesnt happen very often but when the situation arises it pays to be all in. ..
This is one of my favourite setups. Doesnt happen very often but when the situation arises it pays to be all in. The chart is dax post BREXIT gap and paid out 40:1
Would you mind describing the significant elements of the setup that will trigger the trade.
Definitely, I want to add this one to repertoire.
A key element of darkie's pattern is that it must be on the left side of the chart and the pattern is confirmed through passage of at least 12 month of time.
double bottoms and tops, cup and handles constantly come up intermediate term, and intraday. stay away from loose patterns.
the first pattern looks loose to me, while the second pattern looks tight, sharp, and near textbook symmetrical. it can get a little subjective sometimes, you'll have some losers. but if you got a 2 to 1 profit to loss ratio on a trade, better to tolerant a few losers, rather than miss out on winners.
Can you please explain the meaning of "loose" and "tight". Thanks.
Does anyone have chart patterns that they look for consistently? Looking to gain a little more knowledge in swing trading!