The nice thing about trading consolidation is that somehow i have reservations about trading too hard
and it kinda place me in a neutral perspective that allow me to trade both long and short. I don't have
to really trade patterns and simple long short style with reasonable risk to reward can be taken as well.
(Usually, risk to reward is about 1.2:1 or 1.5:1, i don't look for big P&L as much as in trend).
For convenient sake, i'd trade a pattern when i see one then trying to guess where the current move
will lead me to. So, besides the 1 hour short you can take a 4 hour long. No right, no wrong. :)
コメント:
My Gartley is now filled and i'm targeting C to D retracement at 38.2% and 61.8%.
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