PRICE ACTION
“Now, 2 patterns of market behavior happen on a regular basis:
1) the price breaks to new high's (or low's)
2) the price reverses from new high's (or low's)
They happen regardless of time frame.
They are phenomena that can be exploited without the fear if found out by others...
The best indicator is a horizontal line.
ALL YOU NEED TO KNOW ABOUT TRADING
* Price either goes up or down.
* No one knows what will happen next.
* Keep losses small and let winners run.
* POSITION SIZE = RISK / STOP LOSS.
* The reason you entered has no bearing on the outcome of your trade.
*...
10?
Red to green green to red green to green red to red That's 4
HHHL, HHLL LHHL LHLL That's 4.
If you combine the two, that's 16!
What am I missing and/or not understanding?