Recent content by agardnerii

With the bigger trend in mind, I can stick out the whipsaws and consolidation patterns until I see a reversal trend forming.

I was just browsing YouTube and I came across Elliot Wave Theory. Theories like this a long with price action, volume, and some momentum indicators give me more confidence I can make a better educated guess.

So just ride the whipsaw.

I like what you're saying about price action. I've started studying up on candlesticks and using volume. How did you increase your skill of reading price action?

You're absolutely right about this. What I'm trying to do "indicate away" my fear of losing money. Or "indicate my way" into the right move. But there's no amount of indicators that can do that.

I guess that's trading in a nutshell. Using history to make a best guess at what something will do next.

Ok once you click Share, what do you do?

That's some good advice. "React to the market instead of predicting it."

How do you quote someone is a thread response?

I guess I'm scared of getting caught in one so I'm thinking, without a magic 8-ball, "How can I predict this is about to whipsaw?". That way I won't have money tied up or get caught on this rollercoaster of in, out, in, out.

I'm going to start looking at continuation patterns. That should help me decipher between whipsaws, up/down trends, and sideways movements.

The whipsaws scare me because I don't know how to tell if they're the start of an up or down trend or a whipsaw. So I'm scare I'll miss out on the the rally or correction I've been waiting for. I'm scare I'll mistake a whipsaw for a real trend and get bit, or vice versa. What do you mean by do...

I'm looking to do swing trading using the Double Down Reversal Pattern over a month or so.

Hey I'm new to trading and whipsaws scare me right now. What indicators can I use to tell the difference between a whipsaw and a real trend forming?