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RE: Daytrading vrs Position Trading, which will make you more money?

in #trading7 years ago

no worries.. qualify your base by comparing the bounce to other bounces of the past.. so if a price area received a big bounce reaction, then draw in that base and wait for a future crack.. set alerts under that base you found.. if your alert hit and you see a bunch of red bars, meaning there is some panic selling, then you are in the safe circle and you can start layering in..
But a base is only draw after you see that big bounce to qualify it..If there is no big bounce then there can be no big surprise in the future.. The crowd makes the story, we only read it