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TRADING NAKED

Master  your  setup. Master  your Self

 

the interpretation and application of price action concepts

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We all share a similar path in Trading. Even though you may not be a consistently profitable trader now, you can chose to enjoy the path. This alone may make the difference in your success.

 

 

PATTERN FAILURE - THE HIGHEST % TRADES


The highest % trade setup is a pattern failure. So when your trading a pattern and it comes against you REVERSE. You always need to stay alert when trading a price pattern knowing that failure will result in a high percentage trade and often a big move.

 


5 week parallel channel final fails/breaks.


YM 3 min reverse Head & Shoulder fails  102204

I was short and reversed to long at the green arrow. Partials were taken near high of move. Balance was held during retest of neckline. Then reversed near breakeven. I consider the break of the right shoulder pivot as the failure. 80 point resulted from this failure pattern.

 

 

expect miracles, they are everywhere.............. God is good all the time

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