RE: CHARTS -T LINE TIPS5 Jul 2016 07:45
VIDEO link highlighting V shaped bottoms on USA indices as at 4th July. V shapes are really the best for using the two emas if one has the time and patience to wait for them. The best are the immediate V shapes so often occurring on the FTSE on a daily basis in the lowest time frames as previously highlighted on this board and the usa non farm payrolls at 13.30 every first Friday of the month. Gentle reminder there is one due this Friday. They don't always occur as a definitive V shape, going through a period of consolidation and choppyness, as pointed out in the video, before going north sometimes forming a W shape . There will be some false starts but if one keeps a tight stop loss one will limit the false start losses and when the shape does take off using the Tline and 3ema to stay in the reverse trend as long as possible to maximise the gain. GLITA.
PS do not pay for education and the latest robots, algorithms etc etc. We have all we need to make profitable trades or keeping the losses small on the duds in candlestick reversal patterns, the 2 ema's set at 3 and 8, stochastics set at 12.3.3. horizontal support and resistance, smas set at 20, 50 and 100 or 200 and fibonacci imo. Forget wedges, flags, head and shoulders etc they are too unreliable imo. V AND W shaped tops and bottoms, dumbling tops and fry pan bottoms are the better one to look out for imo.
https://tradingwins.com/market-update-for-july-4th-2016/?utm_source=getresponse&utm_medium=email&utm_campaign=tw_newsletter&utm_content=%5BVideo%5D+V-Shaped+Bottoms+-+Market+Update#.V3s6ARJg_40