Thursday, April 26, 2012

6E - Bear Wedge break on 512tick chart

I have come to realize that keeping things simple can be the key to successful daytrading.  Of course there are a lot of things that need consideration when you're looking at the chart and analyzing, but when it comes to the bottom line, nothing beats keeping it simple. Take a look at this bear wedge on 512 tick chart, and understand how simple it can be to trade with simple setups like this. But I must admit, yes, it is not easy even though it looks easy, because you need to trust this setup, enter the trade and hold on for target - this trading action does require discipline and patience.  I said it was simple, not easy.

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