September 13, 2011
- in Uncategorized by schooloftrade
Easiest way to learn our day trading patterns
Is the 4range a good place to look for patterns?
Pros:
– Very frequently appear
– Conditions for the speed of the market
– Repetition in seeing patterns is good for learning them
Cons:
– Faster charts are more ‘noisy’ so this will NOT be a very accurate view of how the slower timeframes will FEEL.
– 21range and 13range will ‘act’ a little differently.
– Also, WAITING is one of the hardest parts, and the faster charts dont make you wait.
Why not use market replay on your slower timeframes?
– Practice the patterns
– Speed it up for more ‘action’
– And it wont confuse you for when you start to really trade as a member.
