zbojnik,
good one
An area of consolidation like that is a good thing to look for and expect a measured move break either way once it finally does resolve.
low volatility ----> greater volatility ----> low volatility---> greater volatility
just as the sun rises and sets.
Now do the same thing with a few core patterns that you have rules for thousands of times the same way and apply money management,don't let your costs (spread and comish) take too big a chunk.
There are many fakeouts as well
and if it fits your style you can develop rules to play those if you wanted to be a fader instead of a breakout guy. Once you get more experience with the market you will understand better which to apply and when.
good one
An area of consolidation like that is a good thing to look for and expect a measured move break either way once it finally does resolve.
low volatility ----> greater volatility ----> low volatility---> greater volatility
just as the sun rises and sets.
Now do the same thing with a few core patterns that you have rules for thousands of times the same way and apply money management,don't let your costs (spread and comish) take too big a chunk.
There are many fakeouts as well
and if it fits your style you can develop rules to play those if you wanted to be a fader instead of a breakout guy. Once you get more experience with the market you will understand better which to apply and when.
