Reading the part of the chart that's already happened is only a small part of it. It is certainly important to learn, but it is pretty easy for most people to identify good trades in hindsight. However, as traders we have to know how to anticipate the part of the chart that hasn't happened yet. Being able to read live price action is more difficult and takes a lot of screen time
I fully agree with cmsalr6. Great job for recognizing those patterns, and yes...they are profitable, in hindsight. Seeing this happen live is a whole other beast tho!
Reading the part of the chart that's already happened is only a small part of it. It is certainly important to learn, but it is pretty easy for most people to identify good trades in hindsight. However, as traders we have to know how to anticipate the part of the chart that hasn't happened yet. Being able to read live price action is more difficult and takes a lot of screen time
I fully agree with cmsalr6. Great job for recognizing those patterns, and yes...they are profitable, in hindsight. Seeing this happen live is a whole other beast tho!
thanks guys, i was just happy i read it correctly, 3 weeks ago i wouldnt of had a clue what i was looking at
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